Welcome to Lake Properties PROPERTY CAPE TOWN Lake Properties is a young and dynamic real estate ag
- Lake Properties
- 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
Friday, 5 December 2025
Buying a house in Cape Town with a sea view
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
Are there any damage or broken houses for sale in Cape Town, and where do we find them.
Lake Properties
✅ Where to find “broken”, distressed or fixer-upper houses in Cape Town
- Repossessed.co.za — this is one of the main portals listing bank-mandated sales, auction homes, and “property in possession” houses in Cape Town. Many are priced below market value.
- Bank auctions & bank-assisted sales — major lenders (banks) sometimes repossess properties and then sell them via auctions or via agents. These are generally sold “voetstoets” (as-is), often meaning they need renovation or repair work.
- General property portals with “bank sales / repossessed” filters — platforms like MyRoof, Property24 and Private Property often show distressed or repossessed listings alongside standard properties.
- Suburbs/areas where older houses still linger — sometimes unrenovated — there remain pockets in suburbs such as Pinelands where “unrenovated character houses” or fixer-uppers occasionally become available, often at more attractive prices compared with renovated homes.
⚠️ What to check carefully when buying these kinds of houses
- Many distressed or repossessed properties are sold “voetstoets” — meaning whatever condition they are in, that’s what you buy (no repairs guaranteed).
- Make sure to do a thorough inspection: structural integrity — foundations, roof, plumbing, wiring — matters more than cosmetic fixes if you’re planning renovation.
- Compare the total cost: purchase price + renovation + transfer / legal costs and check whether the end value (or rental potential) justifies the investment. Sometimes a “cheap” house can become expensive when renovations are done.
- Be prepared for extra costs: outstanding municipal rates or levies, possible arrears, auction or bank-sale commissions, and immediate renovation funds if needed.
🎯 What kind of buyer these properties suit — and who should be careful
Good candidates for fixer-uppers / distressed homes if you:
- Are comfortable managing renovation work or contracting builders / tradespeople.
- Have a realistic budget for purchase + renovations + contingencies.
- Are investing long-term (rental, resale after fixing up, or long-term owner-occupation).
- Don’t mind a potentially messy or delayed move-in process.
Should avoid (or be very cautious) if you:
- Require a move-in ready property.
- Don’t have renovation funds or time to oversee work.
- Lack tolerance for uncertainty (cost over-runs, hidden defects, delays).
🏡 Lake Properties Pro-Tip
If you’re seriously hunting distressed or repossessed houses in Cape Town: set up alerts or keep in close contact with agents specialising in bank sales and repossessions — also keep an eye on auction calendars. Too many good deals never make it onto standard portals — they go off-market quickly or sell at auction before broad advertising.
And — never rely solely on photos or descriptions. Always inspect in person (or hire a qualified inspector) and budget for realistic renovation costs (and unexpected surprises). What looks cheap now could end up costing far more than a standard home once you factor everything in.
Call to Action
Ready to explore the best investment opportunities in Cape Town?
Contact Lake Properties today and let our experts guide you to your ideal property.
If you know of anyone who is thinking of selling or buying property,please call me
Russell
Lake Properties
ww.lakeproperties.co.za
info@lakeproperties.co.za
083 624 7129
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
Thursday, 4 December 2025
Buying Property in Cape Town as an Expat: The Real Advantages, Risks, and What You Must Know
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
Houses for Sale in Wynberg: A Historic Southern Suburb with Real Negotiation Power
Lake Properties Lake Properties
Houses for Sale in Wynberg: A Historic Southern Suburb with Real Negotiation Power
Wynberg is one of those Cape Town areas that people often overlook at first glance—until they actually visit it. Then it clicks. The tree-lined streets, the old stone cottages, the heritage buildings, the established schools, the energy of Maynardville, and the affordability compared to neighbouring suburbs all make it a very attractive market for both homebuyers and investors.
What’s interesting about Wynberg is that it offers a rare combination: historical charm and practical everyday convenience. And while nearby areas like Constantia, Claremont, and Kenilworth tend to come with heavier price tags and tighter seller expectations, Wynberg gives buyers more breathing room—especially when it comes to negotiating.
Why People Are Actively Looking at Wynberg
1. The Character of the Suburb
Wynberg is full of older homes with personality—Victorian terraces, Cape Dutch houses, Edwardian cottages, and homes with solid bones that simply need modern finishing. If you appreciate architecture with a story, Wynberg has endless appeal.
2. Excellent Access to Lifestyle Conveniences
You’re close to everything: top schools like Wynberg Girls’ and Boys’ High, fast access to Claremont’s commercial hub, easy transport routes, and a community atmosphere that feels grounded and established.
3. A Wide Range of Properties
Unlike other Southern Suburbs that are dominated by one kind of property, Wynberg offers:
- starter apartments
- mid-range homes
- modern townhouses
- heritage properties
- large family houses
This diversity is exactly what creates negotiation potential.
Why Negotiation Power Is Strong in Wynberg Right Now
Not every home in Wynberg is newly renovated, and that works in favour of buyers. Many sellers have lived in their homes for decades and are realistic about the need for upgrades. Instead of pushing inflated prices, they’re often willing to negotiate—especially if the buyer is prepared, pre-approved, and ready to move.
Here’s what enhances your leverage:
- Older homes needing TLC usually come with flexible pricing.
- A mix of stock means sellers compete for serious buyers.
- Buyers with clean offers (no long chains or financing delays) often get meaningful discounts.
- The area isn’t as “hyper-competitive” as neighbouring suburbs, so bidding wars are less common.
If you know what you want—and you come armed with solid data—you can secure a far better deal in Wynberg than in many other parts of the Southern Suburbs.
Who Should Be Looking at Wynberg?
Families who want excellent schools without paying Claremont prices.
Investors who want consistent rental demand.
First-time buyers wanting a way into the Southern Suburbs market.
Renovators who love the idea of upgrading a character home and adding real value.
The Bottom Line
Wynberg delivers both charm and practicality. It's central, historic, and full of opportunity—especially for buyers who are strategic, patient, and ready to negotiate firmly.
Lake Properties Pro-Tip:
Focus on homes with strong structural integrity but outdated interiors. These properties often have the biggest negotiation margin, and a smart, well-planned renovation can immediately elevate the home’s value—especially in hotspots like Chelsea Village, Upper Wynberg, and around Wynberg Park.
Call to Action
Ready to explore the best investment opportunities in Cape Town?
Contact Lake Properties today and let our experts guide you to your ideal property.
If you know of anyone who is thinking of selling or buying property,please call me
Russell
Lake Properties
ww.lakeproperties.co.za
info@lakeproperties.co.za
083 624 7129
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
Wednesday, 3 December 2025
The Psychology Behind Pricing Your Home
Lake Properties Lake Properties
Lake Properties Lake Properties
🏡 The Psychology Behind Pricing Your Home in South Africa
When it comes to selling your home, numbers alone don’t tell the full story. While property valuation reports and market data are vital, there’s a powerful — and often underestimated — factor at play: human psychology. How buyers feel about your home’s price can make the difference between a quick sale and months of stagnation.
Let’s unpack the psychology behind pricing your home in South Africa and how to use it to your advantage.
1. First Impressions Are Emotional, Not Logical
Most buyers make an emotional connection with a property long before they calculate whether it’s a good financial deal. The price tag sets the tone for this emotional response.
- Too high, and buyers feel your home is out of their league — or worse, overpriced.
- Too low, and they may question what’s wrong with it.
The goal is to position your price where buyers feel the home offers value and aspiration, not skepticism.
💡 Example: A R2,495,000 listing feels psychologically more attractive than R2,500,000 — even though the difference is just R5,000. This subtle pricing tactic often draws in more online clicks.
2. The Power of ‘Just-Under’ Pricing
South African buyers, like shoppers everywhere, respond to prices that feel like a bargain. That’s why agents often recommend listing “just under” a round number — say R1,995,000 instead of R2,000,000.
It’s called “charm pricing”, and it works because the human brain processes numbers from left to right. We subconsciously focus on the first digit, making R1,995,000 feel closer to R1.9 million than R2 million.
In the competitive Cape Town and Johannesburg markets, this small tweak can help your listing appear in more online search results — and get noticed by more buyers.
3. Anchoring: How Buyers Compare Value
When buyers view multiple properties, the first price they see becomes a mental anchor for comparison.
If your home is one of the first they see and it’s priced right, it sets a strong benchmark in their mind. If it’s too high, it can make other homes look like better deals.
This is why accurate initial pricing is essential — especially in the first 2–4 weeks after listing, when your home gains the most visibility online.
4. The Danger of Emotional Overpricing
Homeowners often attach sentimental value to their property — memories, milestones, and renovations that feel priceless. But buyers don’t share that emotional connection.
Setting a price based on emotion rather than evidence can backfire:
- The home stays longer on the market.
- It attracts fewer offers.
- Buyers assume you’re not serious about selling.
Eventually, you may need to lower the price — but by then, the property has already lost momentum.
💬 Tip: Ask your agent to show you comparative listings and recent sales data in your suburb. This helps you view your home through a buyer’s eyes, not a seller’s heart.
5. Scarcity and Perceived Value
When buyers sense that a home is in demand, they act faster — and often offer more. Your pricing strategy should reflect this principle of scarcity.
A competitively priced home in a sought-after area like Durbanville Hills or Claremont can spark multiple offers, driving the price up naturally. On the other hand, an overpriced home signals “plenty of time,” removing urgency.
6. Online Search Psychology
Most South African buyers start their property search on websites like Property24 or LakeProperties.co.za, filtering results by price range.
If your home is listed at R2,010,000 instead of R1,999,000, you might miss out on all the buyers searching “up to R2 million.”
That tiny pricing difference can drastically reduce visibility — even if your home is objectively worth more.
7. The Price-Perception Sweet Spot
The ideal home price sits at the intersection of market reality and emotional appeal. It’s where buyers perceive value and urgency — the sweet spot that motivates offers.
Pricing is both art and science. It involves market data, buyer psychology, and your agent’s intuition about how your area’s buyers think.
💼 Lake Properties Pro-Tip
Before setting your price, ask your estate agent to prepare a Comparative Market Analysis (CMA) and discuss pricing psychology. Use data to define the range — and emotion to decide the exact figure.
Remember, buyers in South Africa don’t just buy homes — they buy stories, lifestyles, and opportunities. Your price should reflect all three.
Call to Action
Ready to explore the best investment opportunities in Cape Town?
Contact Lake Properties today and let our experts guide you to your ideal property.
If you know of anyone who is thinking of selling or buying property,please call me
Russell
Lake Properties
ww.lakeproperties.co.za
info@lakeproperties.co.za
083 624 7129
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
Tuesday, 2 December 2025
Cost of Living in Cape Town
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
Monday, 1 December 2025
Are Houses with Pools a Worthwhile Investment in Cape Town?
Lake Properties Lake Properties
Are Houses with Pools a Worthwhile Investment in Cape Town?
Cape Town’s property market is driven by lifestyle, location, and practicality. With the city’s strong outdoor culture and warm summers, many buyers naturally imagine themselves entertaining around a sparkling pool. But that doesn’t automatically mean a pool adds true value to a property.
The truth is straightforward: a swimming pool can either strengthen a home’s appeal or become its biggest liability. It all depends on the specific property, suburb, and buyer profile.
When a Pool Adds Real Value
1. Premium Neighbourhood Expectations
In high-end suburbs or lifestyle-focused areas, buyers often expect a pool. In these markets, a well-built, well-maintained pool can increase desirability and support a stronger asking price.
2. Quality Construction and Aesthetics
A professionally installed pool that complements the home’s design can be an asset. Buyers can immediately see the value in a neat pool area with proper paving, filtration, and safety features.
3. Strong Lifestyle Appeal
Cape Town’s climate makes outdoor living part of the city’s identity. Families, entertainers, and buyers looking for a holiday feel often consider a pool a must-have.
4. Potential Value Uplift
In the right suburbs, a pool can contribute to an uplift of up to around 10–15%—though this is very market-dependent and never guaranteed.
When a Pool Becomes a Liability
1. Maintenance and Cost Pressures
Pools require regular cleaning, chemicals, repairs, heating (if applicable), and extra insurance considerations. Some buyers will refuse a property outright because of these ongoing costs.
2. Water Scarcity Concerns
Cape Town’s history of drought and water restrictions means some buyers view pools as impractical or irresponsible. This can reduce buyer interest, particularly in mid-market segments.
3. Lower Demand in Practical Neighbourhoods
Not all areas value pools the same way. In suburbs where affordability and low maintenance are top priorities, a pool may add no resale value—or even reduce demand.
4. Aging or Poorly Built Pools
Outdated or neglected pools translate directly into “future expense” in a buyer’s mind. These almost always weaken the property’s market position unless refurbished.
So, Is It a Worthwhile Investment?
A pool adds value only when the property, location, and buyer demographic support it. For luxury areas and lifestyle-driven purchasers, it can be a meaningful differentiator. For value-focused or maintenance-averse buyers, it often becomes a deal breaker.
In Cape Town, where water scarcity and running costs are real considerations, a pool is best seen as a conditional lifestyle asset, not an automatic value booster.
Lake Properties Pro-Tip
If you’re buying or selling a Cape Town home with a pool, focus on the condition and the target buyer profile. A well-maintained pool in the right suburb can drive competition and justify a premium. A neglected pool—or one in a low-demand area—can drag the property down. Always assess the maintenance history, filtration system, and water usage implications before making a decision.
Call to Action
Ready to explore the best investment opportunities in Cape Town?
Contact Lake Properties today and let our experts guide you to your ideal property.
If you know of anyone who is thinking of selling or buying property,please call me
Russell
Lake Properties
ww.lakeproperties.co.za
info@lakeproperties.co.za
083 624 7129
Lake Properties Lake Properties
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
Green Point Stadium: How It Was Established and What Its Future Holds in Cape Town
Lake Properties
Green Point Stadium: How It Was Established and What Its Future Holds
Green Point Stadium has long been one of Cape Town’s defining landmarks. Its story is not just about sport — it is tied to how the city modernised, redeveloped critical land, and built one of South Africa’s most visited urban precincts. For anyone looking to buy or invest in Green Point or the Atlantic Seaboard, understanding the stadium’s evolution gives sharp insight into the area’s value and trajectory.
From 1897 to the Early 2000s: A Sporting Ground with Deep Roots
The original Green Point Stadium opened in 1897 and was a multi-purpose community sports hub. Its cycle track, athletics track, and open stands hosted everything from local athletics events to football, cricket, and major concerts. Over more than a century, it shaped Cape Town’s sporting culture and served as a gathering point for major public events.
By the early 2000s, the stadium was aging. With Cape Town preparing to host the 2010 FIFA World Cup, the decision was made to demolish the original structure and rebuild a modern, globally compliant stadium capable of hosting world-class events.
The 2010 Transformation: A New Landmark Emerges
Demolition began in 2007, making way for what is now Cape Town Stadium, located within the broader Green Point Common. The project was part of a major precinct-wide redevelopment that introduced:
- A 55 000-seat modern stadium
- A redesigned public urban park
- Upgraded pathways, landscaping, and recreation zones
- Improved connectivity to the city centre and the V&A Waterfront
Importantly, a dedicated Green Point Athletics Stadium was later built to replace the athletics functions of the original site. This ensured that both elite sport and community use remained integral to the area.
Today: A Dual-Purpose Precinct Serving Both Sport and Community
The stadium precinct now comprises two key elements:
1. Cape Town Stadium (DHL Stadium)
Used for professional football, rugby, large-scale concerts, and global events. It is also a strategic city asset designed to attract continuous visitor activity, not only match-day crowds.
2. Green Point Athletics Stadium
A multi-use athletic facility hosting clubs, schools, and regional sporting events. It remains vital for community sport and youth development.
Surrounding both is the Green Point Urban Park, a highly valued public green space that increases livability, attracts tourists, and adds premium appeal to nearby residential properties.
The Future: Upgrades, Urban Growth, and Bigger Opportunities
Green Point’s stadium precinct continues to evolve, with several key developments shaping its future:
World-Class Athletics Upgrade
The athletics stadium is undergoing resurfacing to meet World Athletics Class 2 certification, which will allow Cape Town to host high-tier local and international meets.
Mixed-Use Urban Development
New commercial and residential projects around the precinct aim to create a lively district with more year-round activity and improved lifestyle amenities.
Long-Term City Strategy
Cape Town views the stadium and surrounding park as a strategic, revenue-driving asset. This ensures ongoing maintenance, consistent upgrades, and sustainable use — all factors that support property value stability in the area.
What This Means for Property Buyers and Investors
Green Point’s combination of urban greenery, world-class infrastructure, connectivity, and modern precinct design makes it one of Cape Town’s highest-demand residential nodes. The stadium precinct enhances:
- Walkability
- Recreational access
- Tourism appeal
- Long-term urban value
These elements collectively reinforce property demand and price performance.
Lake Properties Pro-Tip
Properties surrounding major, well-managed urban precincts tend to outperform the broader market. Green Point’s stadium and park upgrades aren’t just improving amenities — they are protecting long-term real estate value and enhancing rental appeal. If you are considering property along the Atlantic Seaboard, this precinct should be on your shortlist.
Call to Action
Ready to explore the best investment opportunities in Cape Town?
Contact Lake Properties today and let our experts guide you to your ideal property.
If you know of anyone who is thinking of selling or buying property,please call me
Russell
Lake Properties
ww.lakeproperties.co.za
info@lakeproperties.co.za
083 624 7129
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
Sunday, 30 November 2025
How did the Waterfont develop over the years and what is happening to it in the future
The Development of the V&A Waterfront: How It Began, How It Grew, and Where It’s Going
The V&A Waterfront didn’t start as the polished mixed-use precinct we know today. Its story is one of transformation: from rough harbour docks to one of the most visited destinations in Africa.
From Working Harbour to Reclaimed Land
Originally, much of what is now the Waterfront and the Cape Town Foreshore used to be ocean. Between the 1930s and 1940s, the city undertook large-scale land-reclamation projects to support a modernising harbour. The coastline was pushed outward by more than a kilometre, creating new land for future development.
Although the harbour remained primarily industrial for decades, that reclaimed land eventually created the foundation for what became the Waterfront.
The 1980s: The Big Turning Point
In 1988, Transnet established the V&A Waterfront company with a clear mandate: take the old docklands around the historic Victoria and Alfred Basins and turn them into a vibrant, people-focused precinct.
By 1990, the first phase opened. Shops, restaurants, offices, parking, and early residential conversions began reshaping the area. The idea was simple: keep the harbour working, but open the space up so the public could also enjoy it.
This mixed-use approach — retail, tourism, culture, residential, offices, and public space — is what made the Waterfront stand out globally.
The 2000s–2020s: Culture, Commerce, and Community
As Cape Town grew, the Waterfront grew with it:
- Old industrial buildings were repurposed into museums and cultural landmarks, such as the Zeitz MOCAA.
- Retail expanded, becoming a blend of traditional shopping and curated African design.
- Hotels, conference venues, high-end apartments, and creative workspaces were added.
- Sustainability became a core priority: solar energy, water-saving systems, recycling operations, and even a desalination plant were implemented to reduce reliance on the grid.
The Waterfront slowly shifted from a tourism hotspot to a living, breathing mixed-use neighbourhood with thousands of residents, workers, and daily visitors.
What’s Coming Next: The Future of the V&A Waterfront
The biggest evolution is still ahead. The next 10–20 years will reshape the edge of Cape Town again — much like the reclamation projects of the previous century.
1. The Granger Bay Mega Development (R20–R24 Billion)
This is the Waterfront’s next major chapter. Starting from 2025 onward, construction will roll out in phases:
- New reclaimed land extending the Waterfront further into the Atlantic
- Residential developments (from high-end to more accessible units)
- Hotels, leisure precincts, and hospitality spaces
- A redesigned, walkable coastline with parks, beaches, and public spaces
- A protected bay area for water sports and marine activities
- A coastal walkway linking the Waterfront to Mouille Point and beyond
This is a generational project — the kind that permanently shifts the city’s layout and property dynamics.
2. More Housing + More Mixed Use
The Waterfront has openly stated it doesn’t want to become a “rich-only” zone. Future phases aim to include:
- Mixed-income living
- Retirement living
- Wellness and healthcare developments
- Flexible new office and creative spaces
This is intended to increase diversity, sustainability, and long-term economic stability.
3. Sustainability: From Priority to Identity
Expect major upgrades in:
- Local energy production
- On-site water treatment and reuse
- Eco-friendly building standards
- Low-impact coastal engineering
As Cape Town continues to struggle with water risk, power issues, and climate pressures, the Waterfront wants to operate semi-independently.
4. Heritage and Environmental Checks
Large-scale coastal redevelopment requires environmental approval and heritage protection. This means:
- Heritage impact assessments
- Public consultations
- Coastal engineering studies
The Waterfront’s future depends on balancing development with preservation — a challenge, but also a strength.
What This Means for Cape Town
The Waterfront is effectively adding new coastline, new public spaces, and new property inventory in a city with limited developable land. That means:
- New residential and commercial opportunities
- New lifestyle and leisure nodes
- Higher long-term demand for Waterfront-adjacent property
- Broader appeal to both local and international buyers
- An uplift in surrounding suburbs such as Mouille Point, Green Point, and even the CBD
The Waterfront remains a safe, well-managed precinct — a major draw for investors.
LAKE PROPERTIES PRO-TIP
Waterfront and waterfront-adjacent properties perform exceptionally well because they combine three things that rarely align in Cape Town: security, walkability, and long-term capital appreciation. If you’re advising buyers or considering stock to specialise in, look at properties near the future Granger Bay expansion. Early positioning in a growing precinct tends to generate the strongest returns.
Call to Action
Ready to explore the best investment opportunities in Cape Town?
Contact Lake Properties today and let our experts guide you to your ideal property.
If you know of anyone who is thinking of selling or buying property,please call me
Russell
Lake Properties
ww.lakeproperties.co.za
info@lakeproperties.co.za
083 624 7129
Lake Properties Lake Properties
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 Location Matters More Than Size when you consider buying a house
Why Location Matters More Than Size When Buying a Home with Lake Properties
When most buyers start house-hunting, they fixate on the number of bedrooms, the size of the yard, or how many square metres they can get for their budget. While size certainly has its place, the hard truth is this: location will always have a greater long-term impact on your lifestyle, your resale value, and your overall return on investment.
If you want to buy smart, location—not square meterage—should drive your decision.
1. Location Determines Long-Term Value
Property size may catch your eye today, but it’s the neighbourhood that protects your investment tomorrow. Homes in well-located areas appreciate faster, even if they’re smaller. Demand follows convenience, safety, access, and lifestyle appeal. That means owners in prime locations often experience substantially better resale value over time.
2. Lifestyle Convenience Is Everything
A spacious house means little if it disconnects you from the day-to-day conveniences that make life functional. Good locations offer:
- Quick access to reputable schools
- Proximity to retail and essential services
- Efficient public transport links
- Quick commutes to employment hubs
Instead of wasting hours on the road, your home should support how you live—not complicate it.
3. Neighbourhood Stability Drives Confidence
A large house in a declining or unstable area creates uncertainty. Stable neighbourhoods with consistent demand deliver confidence, security, and a better quality of life. Growth corridors, revitalisation zones, and established suburbs with active municipal investment always outperform isolated areas where growth is stagnant.
4. Safety and Community Matter More Than Space
A bigger yard won’t compensate for feeling unsafe or disconnected. Buyers consistently prioritise access-controlled communities, well-maintained suburbs, and areas with a clear sense of neighbourliness. These factors strengthen long-term desirability far more than additional rooms.
5. Schools Significantly Impact Property Demand
In South Africa, school zones drive prices—full stop. Properties located near top-performing schools maintain strong buyer appeal and typically experience higher appreciation rates. Even buyers without children benefit, because strong school districts keep demand high.
6. You Can Change a House—But You Can’t Change Its Location
Renovations can add more rooms, modernise finishes, or reconfigure layouts. But you can’t move a property closer to better amenities, a safer street, or a more valuable neighbourhood. Buyers who prioritise location secure the flexibility to adjust and grow over time.
Lake Properties Pro-Tip
Always stretch your budget for a better location—not a bigger house. You can upgrade a property, but you cannot upgrade the street, the suburb, or the community around it. A smaller home in the right area will almost always outperform a larger property in a less desirable neighbourhood.
Call to Action
Ready to explore the best investment opportunities in Cape Town?
Contact Lake Properties today and let our experts guide you to your ideal property.
If you know of anyone who is thinking of selling or buying property,please call me
Russell
Lake Properties
ww.lakeproperties.co.za
info@lakeproperties.co.za
083 624 7129
Lake Properties Lake Properties
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
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