A trendy, buzzing area close to town, the V&A Waterfront and the Sea Point promenade, De Waterkant has a history dating back to the 1700s
Clinging to the slopes of Signal Hill and overlooking Table Bay, the narrow cobbled streets and beautifully restored buildings of De Waterkant speak to a history dating back to the 1700s.
Now a sub-district of Green Point, it is closely associated with neighbouring Bo-Kaap.
While not as literally colourful as Bo-Kaap, the distinctive Cape Dutch and Georgian architecture set this vibrant area apart with a quaint, village feel while being one of the residential areas closest to the city centre. In 1966 it was declared a white group area and coloured and black residents were moved to the Cape Flats. It is now a National Preservation Area.
De Waterkant itself has a cosmopolitan vibe with its cafes, art galleries, boutiques and funky restaurants and bars. It’s also close to other popular attractions and destinations, including the V&A Waterfront, Sea Point promenade and the park and stadium in Green Point proper.
The central location makes walking an easy option, but the My CiTi bus route along the Main Road also allows for easy access along the coast, from Green Point all the way to Hout Bay.
“This is a unique place to live and properties here are filled with character and charm,” says Linda Kagan, Pam Golding Properties sectional title specialist for the Atlantic Seaboard.
It has become popular as a suburb for high-end guest cottages and upmarket residential apartments, she sayss.
Pam Golding Properties’ City Bowl and Atlantic Seaboard offices both manage real estate in this eclectic area. Properties currently listed include a two-bedroom apartment in a secure complex for R5.2million and a stylish double-volume, loft apartment for R4.5m.
Melanie Stavropoulos, of Pam Golding Properties, says homes priced correctly in this sought-after village do sell. “The area attracts plenty of tourists and properties are often used for Airbnb or as guest houses.”
Mandy Mitoulis, Pam Golding Properties agent for the Atlantic Seaboard, says many owners in the area live overseas, and either let their homes or use them as their Cape Town base when they are here on holiday or for work.
Closer to the city centre, on the periphery of De Waterkant, is 117 On Strand, a mixed-use residential development that sold out while still under construction, says Taryn Lewis, Pam Golding Properties agent for the City Bowl. The development offers a Virgin Active Health Club, three floors of premium grade offices, two floors of specialist retail stores and underground parking.
According to Property24, the average price of apartments in De Waterkant has increased steadily from R1.2m in 2012 to R3.2m in 2017.
Almost a third – 31% – of owners have had their homes for 11 years or more, and 38% have owned for fewer than five years.