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Richwood is a small residential area below Burgundy Estates with about 1200 houses. Richwood is 5 min away from Bothasig, 2 min from Burgundy, 10 min from Table View, 10 min from Canal Walk Shopping Centre and 20min from Cape Town Centre . Richwood has always been well known for its value for money when buying a property. The area caters for 1st time home buyers in the +- R500 000 and goes up in price to +- R 950 000.
Richwood is a small residential area below Burgundy Estates with about 1200 houses. Richwood is 5 min away from Bothasig, 2 min from Burgundy, 10 min from Table View, 10 min from Canal Walk Shopping Centre and 20min from Cape Town Centre . Richwood has always been well known for its value for money when buying a property. The area caters for 1st time home buyers in the +- R500 000 and goes up in price to +- R 950 000.
Richwood Properties, Buying, Selling and Renting
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The entire Blouberg area has fast-become one of the most popular holiday property investment locations in the Western Cape. Along with those who prefer their homes a little way outside the busy Mother City, the recent holiday property investors have ensured that the property market in Table View continues to boom. The area has all the necessary amenities, with a range of excellent restaurants and pubs that cater for the local and tourist market, as well as access to major shopping malls and industrial centres within a short drive. |
Richwood has grown over the years and with the development of Burgundy Estates which is within walking distance of Richwood has come a Shopping Centre, Par 3 Golf Course, Club House, Sports Field and the promise of a Primary School and a High School. Until the schools are built in Burgundy Estates many of the Richwood scholars go to Bosmansdam Primary, Wolraad Woltemade Primary and Bosmansdam High School which are all situated in Bothasig.
One can always judge an area by the growth in property prices in that area and this is where Richwood really shines because Richwood property offers excellent value for there is a high demand for property in Richwood which helps it keep pace with the increase of better known areas like Bothasig, Burgundy Estates, Table View, Edgemead and Table View.
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Due to this, many 1st Time Home Buyers buy Richwood property as a stepping stone to later sell and then buy property in Bothasig, Edgemead, Burgundy Estates and Table View however what I have noticed over the years is that a high percentage of these Richwood property owners buy in Richwood again when they sell as they enjoy the tranquil environment that Richwood Offers and they get used to the excellent value for money. Their only reason for selling is to get a larger property in Richwood. |
As for rentals in Richwood, property investors enjoy an above average return on their property investment in Richwood. The reason for this is due to the fact that one can buy a property in Richwood for less than in Bothasig, Edgemead, Burgundy Estates or Table View but the rentals they receive is not much lower than rentals in Bothasig, Edgemead, Burgundy Estates or Table View.
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