select
|

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.”


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 17 Nov 2017
      FWJK has announced the launch of its latest residential brand, the Lil’ Apple, which will be launched simultaneously in two developments in Cape Town and Umhlanga totaling 600 apartments. The Lil’ Apple is set to be a brand of FWJK’s New York style apartments which will be rolled out nationally.
    • 17 Nov 2017
      It’s been a tumultuous year on many fronts, with socio-political uncertainty setting the tone for much of South Africa’s economic activity yet despite this and seemingly counter-intuitively, the residential property market has held up well.
    • 17 Nov 2017
      The EAAB (the Estate Agency Affairs Board) recently claimed that around 50,000 illegal estate agents could currently be operating illegally.
    • 16 Nov 2017
      Penthouses are synonymous with New York – characterised by high-rise living that is decidedly luxurious and spacious. While exclusivity comes at a price, you can still create a “penthouse” look and feel in your existing apartment or even the upstairs bedroom of a double storey house with some clever design changes and styling touches.
    • 16 Nov 2017
      The area has long been popular with kite surfers and, with escalating property prices in Cape Town itself, is increasingly in demand with home owners who work in town, but are looking to invest in more affordable properties.
    • 16 Nov 2017
      Cape Town’s popularity as a world-class tourist destination has resulted in a spike in the number of homes available for holiday lets and fuelled investor demand for sectional title units with short term rental potential.
    • 15 Nov 2017
      Sappi, one of South Africa’s oldest global companies and a leading global supplier of sustainable woodfibre products, has moved its global and regional headquarters to a new site on the corner of Oxford and 14th Avenue in Rosebank.
    • 15 Nov 2017
      There’s an old saying in real estate that you should seek to make a profit when you buy, not only when you sell – and a large part of succeeding at that endeavour is buying a home in an area with desirable features that will enhance the resale value of your property.
        
    X
    Subscribe to the MyProperty Newsletter

    Name  
    Last Name  
    Email Address  
    Email Frequency
    select
    X
    Share this Page

       
    For Sale Property
    Rental Property
    More Options
    About
    Connect with us
    FEEDBACK