Welcome to Lake Properties PROPERTY CAPE TOWN Lake Properties is a young and dynamic real estate ag

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Cape Town, Western Cape, South Africa
Lake Properties, Cape Town is a young and dynamic real estate agency located in Wynberg, Cape Town. We offer efficient and reliable service in the buying and selling of residential and commercial properties and vacant land in the Southern Suburbs including Bergvliet,Athlone,Claremont,Constantia,Diepriver,Heathfield,Kenilworth,Kenwyn,Kreupelbosch, Meadowridge,Mowbray,Newlands,Obervatory,Pinelands,Plumstead,Rondebosch, Rosebank, Tokia,Rondebosch East, Penlyn Estate, Lansdowne, Wynberg, Grassy Park, Steenberg, Retreat and surrounding areas . We also manage rental properties and secure suitably qualified tenants for property owners. Another growing extension to our portfolio of services is to find qualified buyers for business owners who want to sell businesses especially cafes, supermarkets and service stations. At Lake Properties we value our relationships with clients and aim to provide excellent service with integrity and professionalism, always acting in the best interest of both buyer and seller. Our rates are competitive without compromising quality and service. For our clients we do valuations at no charge

Why must you not ignore the neighbourhood or future developments when considering buying a house

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Alright, let’s dig deeper — because this is one of those property-buying points where ignoring it now can cost you a fortune (or your sanity) later.


Why You Must Not Ignore the Neighbourhood

1. It Shapes Your Lifestyle Every Day

When you buy a house, you’re not just purchasing four walls — you’re buying into the location. The environment outside your front door affects:

  • Safety – Areas with high crime rates can lead to constant worry, expensive security upgrades, and higher insurance costs.
  • Convenience – If shops, schools, hospitals, and public transport are far away, daily life becomes less practical.
  • Community – Neighbours who take pride in their properties create a pleasant atmosphere; neglected streets can drag the whole area down.
  • Noise & Traffic – A perfect house next to a nightclub or busy main road can become unbearable.

2. It Directly Affects Property Value

  • Perception of the Area – Buyers will often choose a smaller home in a good area over a big home in a bad one.
  • Consistency in Value Growth – Well-maintained, desirable neighbourhoods see steady price appreciation; unstable areas can see property prices drop.
  • Neighbouring Properties – The value of your house is influenced by what surrounds it — a luxury home next to derelict buildings will lose appeal.

Why You Must Not Ignore Future Developments

3. They Can Boost or Destroy Your Investment

  • Positive Examples – New transport routes, business hubs, schools, and shopping malls usually increase demand and property value.
  • Negative Examples – High-density flats behind your property could block your view, create parking issues, and increase noise. Industrial zones nearby could lead to pollution or heavy traffic.
  • Government Planning Decisions – Rezoning can allow activities you didn’t sign up for, like nightclubs, factories, or truck depots.

4. They Affect Your Long-Term Living Conditions

Even if an area is peaceful now, approved developments can bring:

  • Increased traffic congestion
  • Overcrowded schools and hospitals
  • Higher noise levels
  • Loss of privacy if tall buildings go up next door

5. Resale Potential Depends on Area Stability

When it’s time to sell, buyers will judge the neighbourhood first.
If the area has deteriorated or developments have lowered its appeal, you may:

  • Struggle to find buyers
  • Have to lower your asking price
  • Wait much longer to sell

💡 The golden rule: Always research both the current state of the neighbourhood and the municipality’s future plans before signing an Offer to Purchase. Visit at different times of the day, talk to locals, check crime stats, and look at the town’s development plans.

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