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Mountainside & Mountainside Estate Suburbs in Gordons Bay – Superb Sea Views


Mountainside & Mountainside Estate Suburbs in Gordons Bay – Superb Sea Views

The 2 adjacent suburbs of Mountainside and Mountainside Estate in Gordons Bay can be seen as part of the property crown jewels in the Helderberg area of Cape Town. These 2 upmarket suburbs are located against the slopes of the Hottentots-Holland mountain range – offering unsurpassed north-western facing sea views across False Bay towards the Cape Peninsula and the CBD.

Lifestyle Offerings.

Mountainside is situated next to the Kogelberg Nature Reserve Biosphere and within a few hundred meters of the blue flag status Bikini Beach. It is also at the start of probably one of the most beautiful coastal drives in Africa - i.e. Clarence Drive.

Location relative to Gordons Bay & Helderberg Amenities.

The suburbs are conveniently located - close to the eateries on Gordons Bay Beach Road, the town’s shopping centres, the main beach as well as Bikini Beach and the old harbour where sailing and angling from the harbour wall are the main attractions.

The nearest school to Mountainside suburb is Gordons Bay Primary School at 1.2 km away and the Strand High school (7.1 km). Mondeor Eco School is 8.2 km away and Reddam House Somerset (Private School) 10 km.

There are two shopping centres within 2 km from Mountainside Estate both have either a Spar of Woolworth as well as a new centre being built that will house a Checkers.

Gordons Bay's amenities are in close proximity – with 3 petrol filling stations located within 5 km (BP Gordons Bay is 1.3 km away, BP Aqua Mall 3 km and Shell N2 Broadlands is 5 km away).

Gordons Bay S.A.P.S (Police) is about 1 km from Mountainside Estate

Owner profile.

The average household income range in Mountainside and Mountainside Estate is according to Lightstone between R45 000 to R55 000 - which falls into the LSM 9 high income category.

The period or tenure of ownership, which is a measure of ownership stability, shows that about 55% of the existing owners have been owning for 11 or more years, about 9% between 8 to 10 years, about 11% between 5 to 7 years and 25% less than 5 years.

The age profile of the stable owners is about 42% (older than 65 years), 42% (50 to 64 years), 16% (36-49 years) and 1% (35 and younger). Recent buyers’ age profile is 5% (18-35 years), 30% (36-49 years), 47% (50-64 years) and 19% (65 and older). This both adds up to 101% and should be 100%.

Property Market.

Mountainside consist of 204 own title or freehold houses and 91 vacant land (erfs) with no sectional title properties and the adjacent Mountainside Estate consist of 333 houses, 55 vacant erven and 4 sectional title units.

Six (6) Properties were sold in Mountainside between August 2016 and April 2017 priced between R 2 500 000 (239 sq.m.) and R 5 250 000 (294 sq.m) at an average price of R3 720 833. 

19 Properties were sold in Mountainside Estate between August 2016 and April 2017 priced between R1 330 000 (190 sq.m) and R4 550 000 (550 sq.m) at an average price of R2 628 947. 

The median price of houses achieved during 2017 in Mountainside and Mountainside Estate has been R3 200 000 – up from R1 700 000 in 2011. This shows a strong capital growth rate of 88% during the last 6.5 years – which equates to about 13,5% per year.

The average number of annual property transfers in both adjacent suburbs of Mountainside and Mountainside Estate combined since 2010 has been: erfs - 5 p.a. / houses – 34 p.a. 

The biggest volume growth of late has been in the house sales – growing with 77% from 26 sales in 2010 to 46 sales in 2016 (which relays to about 3.8 house sales per month). This new demand already surfaced during 2014 – when 48 homes got sold in the 2 suburbs. There has already been 19 house sales in the first 5 months of 2017.

The growth in median prices since 2011 confirms the health of the real estate market in Mountainside and Mountainside Estate. The median prices for vacant land plots (erfs) grew from R279 000 (2011) to R575 000 - i.e. a capital growth rate 49% (or 7.5% per annum).

The total value of property sales transactions in the period June 2016 to May 2017 has been R127,309 million.

For more information about the properties for sale within Mountainside and Mountainside Estate in Gordons Bay, please contact one of our member agents or visit our website to view the choice of properties available at present in the suburb. 

Author Lightstone /CMA Info
Published 24 Aug 2017 / Views -
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