{"id":171471,"date":"2017-04-21T13:03:24","date_gmt":"2017-04-21T11:03:24","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=171471"},"modified":"2017-04-21T13:57:16","modified_gmt":"2017-04-21T11:57:16","slug":"cape-town-properties-lose-r1-2-million-in-value-after-complex-renovations-block-beach-view","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/wealth\/171471\/cape-town-properties-lose-r1-2-million-in-value-after-complex-renovations-block-beach-view\/","title":{"rendered":"Cape Town properties lose R1.2 million in value after complex renovations block beach view"},"content":{"rendered":"

Owners of properties in a\u00a0free-standing housing complex in\u00a0Blaauwberg, 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.<\/p>\n

According to a report by Tabletalk<\/a><\/strong>,\u00a0two 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.<\/p>\n

As a result of these new extensions, properties behind the home under renovation have lost their full view of the\u00a0Table Mountain, and the Blaauwberg beachfront.<\/p>\n

One of the owners of the homes which have lost their view,\u00a0Ms Burger, said that the properties values have dropped through the floor.<\/p>\n

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.<\/p>\n

\u201cIt may be legally correct but is it right?\u201d asked Burger.<\/p>\n

\u201cWhen 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.\u201d<\/p>\n

The case is currently ongoing.<\/p>\n

\n

Read:\u00a0What \u00a31 million buys you in Cape Town, London, New York, and Paris<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

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.<\/p>\n","protected":false},"author":10,"featured_media":171485,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9880],"tags":[26],"class_list":["post-171471","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-wealth","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/171471","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=171471"}],"version-history":[{"count":9,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/171471\/revisions"}],"predecessor-version":[{"id":171497,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/171471\/revisions\/171497"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/171485"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=171471"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=171471"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=171471"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}