Rentals are booming in Strand and Gordons Bay

Rentals are booming in Strand and Gordons Bay

Category Rentals

Seeff has operated in the Strand and Gordon's Bay for many years and is recognised as a landmark real estate choice for property sellers, buyers, investors, tenants, landlords, and the like.

Alten Vermaak, licensee for Seeff Strand and Gordons Bay, is absolutely passionate about the areas and a consummate property professional with a committed, highly skilled, and energetic team. He recently also acquired the Gordons Bay license and intends to spread the Seeff team's model of success here to the benefit of the local property market.

The Seeff team's successes were award with no less than 28 awards at this year's Seeff Agent Awards held in March, and no wonder. In 2023, Seeff Strand improved its sales turnover by a whopping 62% compared to the prior year and sold 130 properties worth about R250 million, achieving a 20% share of all sales in the town.

Strand and Gordons Bay are among the most popular areas of the Cape, both to live or retire in, and are also popular tourist destinations for leisure and holidays. Living here offers a fabulous coastal lifestyle with some of the most admired views, yet with conveniences right on your doorstep.

The towns are fronted by one of the most scenic drives in the world, and with picturesque views of the ocean and the Hottentots-Holland mountains as a backdrop, everyday life feels like a perpetual vacation. Strand offers beautiful beaches perfect for leisurely strolls or sunset picnics, while Gordon's Bay offers a quieter, more serene atmosphere, ideal for those seeking refuge from the hustle and bustle of city life.

Both communities offer a range of amenities, including plenty of restaurants and hangouts, basic services, shops, boutiques, and excellent schools. You also have easy access to Cape Town with the V&A Waterfront only a 40-minute drive, along with access to the Winelands, Hermanus, and other Overberg towns.

Aside from property sales, both Strand and Gordons Bay boast a booming rentals market. According to Quintus Gerber, an agent with Seeff Strand, who says 2023 was a great year for the property rental market.

Due to the high interest rate, there was a massive increase in rentals, and rental prices rose due to a shortage of rental properties. This year (2024), Seeff has seen a similar trend continuing. The rental market is expected to remain buoyant for as long as the interest rate remains at the current high level.

The top three monthly rentals achieved by Seeff over the last year include R35,000 for a unit in "97 On Strand" in Beach Road, R27,500 for a property in the Greenways Golf Estate, and R20,000 for a unit in "Topaz," also on Beach Road.

The highest demand for rental properties in Strand is generally in the price band between R10,000 and R15,000 per month. The highest demand in Gordon's Bay is generally in the price band between R7,000 and R10,000 per month.

Despite the beautiful location and stunning lifestyle, both Strand and Gordons Bay are still very accessibly priced. That said, there are also plenty of options for luxury buyers. In Strand, for example, there are luxury apartment complexes which line the beachfront, as well as the Greenways Golf Estate which offers excellent value for buyers and investors.

Aside from access to the white, sandy Blue-Flag Bikini Beach in Gordons Bay, luxury buyers can find stunning homes in areas such as Harbour Island, a beautiful waterfront development, or a choice of luxury villas with fabulous views.

Contact Seeff Strand and Gordons Bay on 021 854 5777, or pop into their office in the Metropole Plaza at number 98 Beach Road in Strand.

Author: Gina Meintjes