“Willing Seller, Willing Buyer”: R9m Sea Point Fixer-Upper Finds Buyer Despite Online Mockery

Flatten it and build something new. You can always turn it into an apartment block which is getting quote common. I know of a few houses now where Pam Golding bought the old house for about R5 million, then flattened it and built 8 townhouses in its place and sold it for R5 million each, thus making R35 million more than they paid for it, less the building costs obviously.

But its become incredibly common.

www.pamgolding.co.za

Property and Houses for Sale in Edgemead | Pam Golding Properties

Pam Golding Properties has 3 Property and Houses for Sale in Edgemead. View our selection of houses, apartments, flats, farms, luxury properties and homes by our knowledgeable Estate Agents.
www.pamgolding.co.za www.pamgolding.co.za
 
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airborne said:
Why do you say that?
I cant see the demand easing off anytime soon, both from international and local buyers.
The buyer of this is probably going to flatten it and build some multi home block to flog.
Click to expand...
can only speak for atlantic seaboard - not other areas.
CoCT are on a urban high density drive - almost a fetish.
developers literally have carte blanche - coct continually allows departures from land use regulations etc.

the current demand / shortage will balance with availability
this area has 840 additional residential units since 2023
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this area has about 400 additional residential units since around 2024
Screen Shot 2026-07-22 at 10.37.11.jpg



like weeds sprouting:
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2026-07-22 at 10.43.00 (1).jpeg

2026-07-22 at 10.43.00.jpeg

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