Buyers take a new look at Goodwood

First-time buyers are piling into the Goodwood property market to take advantage of good value for money in a favourable location.

4 Bedroom House for sale in Goodwood, Cape Town

Demand is surging thanks to first-time buyers realising that the area offers a golden opportunity to invest in a home of their own that promises great growth potential, says Ingrid le Roux, RealNet's local franchisee.
"This neighbourhood was traditionally overlooked as a desirable destination, but its fortunes are changing. The whole area is benefiting from a lower crime rate, and the fact that it is centrally located just 10km from Cape Town's CBD has attracted the attention of first-time buyers and buyers with young families looking for value and convenience," she says.
The area also forms a bridge between the northern and southern suburbs, offers easy access to Cape Town's main routes such as the N1, N2 and N7, and has three stations that make commuting by rail a viable option.
Cape Town's international airport is also within easy reach, as are good hospitals and medical care, good schools and a convenient shopping centre. The area is also home to the Grand West casino, and attracts many tourists.
"Goodwood has now become an area of choice," says Le Roux, "and is one of a handful of areas in Cape Town that also offer solid, value for money homes, as well as spacious stands. Surging demand has led us to increase our area sales team to cope with increasing enquiries and sales offers."
Sectional title units are especially sought-after by first-time buyers, who typically target one-bedroom flats at prices from around R400 000 and two-bedroom units priced at about R600 000, she says.
Buyers with young families prefer solid older homes (see photo) that sometimes need a bit of renovation. “There is really keen demand and any homes like this that come on to the market are sold virtually immediately at prices from about R800 000 to R1,2m.”

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