Cape Town properties lose R1.2 million in value after complex renovations block beach view

Owners of properties in a free-standing housing complex in Blaauwberg, Western Cape are undergoing a lengthy legal battle after renovations made to some properties in the complex lowered the prices of some of the other properties by as much as R1.2 million.

According to a report by Tabletalk, two of the newest homeowners in the front row of the Mill Row complex had plans approved by council to extend the house’s vertical height.

As a result of these new extensions, properties behind the home under renovation have lost their full view of the Table Mountain, and the Blaauwberg beachfront.

One of the owners of the homes which have lost their view, Ms Burger, said that the properties values have dropped through the floor.

She noted that she had her property evaluated in 2014 at a price of R6 million. However following the changes made to the house obstructing her view, the valuation had dropped to R4.8 million.

“It may be legally correct but is it right?” asked Burger.

“When the homeowners within your complex fight all the way to the high court and the majority show their opposition, I personally feel it is incredibly selfish and inconsiderate to continue regardless.”

The case is currently ongoing.

Read: What £1 million buys you in Cape Town, London, New York, and Paris