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Watergate, Green Point: apartment prices, October 2026
8 Vesperdene Rd, a sectional-title scheme registered in 1987. Every sale registered here since January 2023, with the price per m², the trend and what a unit would rent for.
19 sales recorded in Watergate since 2023, median price R2.30m.
Data: City of Cape Town public records, 19 registered sales, last updated October 2026.
By Samantha, Sellect · Sales registered Jan 2023 to Jul 2026 · Updated 21 October 2026 · MethodWatergate in 60 seconds
City of Cape Town registered sales · method at the bottom of the pageAbout Watergate
By price per m², Watergate sits at number 4 of the 32 Green Point buildings with five sales or more since 2023, in the top fifth. Its top sale since 2023: R3.02m for 41 m², registered in Apr 2026. The sectional-title scheme was registered in 1987. The units that changed hands range from 41 m² to 69 m², mainly studios and one-bedroom sizes (median 41 m²).
What Watergate sells for
Medians of registered sales. With a handful of sales a year, the mix of units sold moves these figures: read the trend with care.
Apartments in Watergate sell for about 8 % more per m² than the Green Point median, which puts it among the pricier blocks in the neighbourhood. Units sold range from 41 m² to 69 m², with a median of 41 m². 19 sales were registered since January 2023, the most in 2024 (8). The median price per m² moved from R49,100 in 2023 and 2024 to R60,100 in 2025 and 2026, +22 %. Since July 2025, units here sold for a median of +6 % their 2025 municipal value.
Floor, view and condition move the price of each unit: value your apartment in Watergate against these sales, free.
Median price per m² by year
Number of sales under each year. 2026 is partial.
Against the neighbourhood
Median price per m², sales since January 2025 where available. Green Point median: apartments sold since January 2025.
| Year | Sales | Median price | Median price per m² |
|---|---|---|---|
| 2026 | 3 | R2.25m | R54,878 |
| 2025 | 3 | R2.68m | R65,366 |
| 2024 | 8 | R2.40m | R54,878 |
| 2023 | 5 | R1.75m | R32,759 |
Every sale registered in Watergate since 2023
Month of registration, unit size and price, as published by the City of Cape Town. Unit numbers and owners are not shown.
| Registered | Size | Price | Price per m² |
|---|---|---|---|
| Jul 2026 | 41 m² | R2.00m | R48,780 |
| Apr 2026 | 41 m² | R3.02m | R73,780 |
| Mar 2026 | 41 m² | R2.25m | R54,878 |
| Dec 2025 | 41 m² | R945k | R23,049 |
| Jul 2025 | 41 m² | R2.68m | R65,366 |
| May 2025 | 41 m² | R3.00m | R73,171 |
| Aug 2024 | 57 m² | R2.80m | R49,123 |
| Jul 2024 | 41 m² | R2.50m | R60,854 |
| Jul 2024 | 41 m² | R2.30m | R56,098 |
| Jul 2024 | 41 m² | R2.30m | R56,098 |
| Jun 2024 | 41 m² | R1.85m | R45,122 |
| Mar 2024 | 69 m² | R2.75m | R39,855 |
| Mar 2024 | 41 m² | R2.50m | R60,854 |
| Feb 2024 | 41 m² | R2.20m | R53,659 |
| Dec 2023 | 41 m² | R2.50m | R60,854 |
| May 2023 | 41 m² | R1.75m | R42,683 |
| Mar 2023 | 41 m² | R680k | R16,585 |
| Feb 2023 | 68 m² | R1.67m | R24,522 |
| Jan 2023 | 58 m² | R1.90m | R32,759 |
What a unit in Watergate would earn
Estimates, not observed rents: Sellect model from the price level, the same as in your free report.
Rent for a median unit
A 41 m² unit at the building median of R2.30m would rent for about R13,300 a month: a gross yield of about 7.0 % and about 4.6 % net, after rates, levies, management and empty months.
Rates at the City’s 2026/27 residential rate, levies estimated at R45 per m² a month, management 8 %, vacancy 4 %.
Value your flat in Watergate
Your floor, view, size and condition move the price. Your free report compares your unit with every sale in Watergate and gives a value range, the rent and the net yield, in 60 seconds.
Value my flat in WatergateOwn a flat in Watergate?
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Frequently asked questions
How much does an apartment in Watergate cost?
Since January 2023, 19 apartments were registered as sold in Watergate, Green Point, at a median of R2.30m for 41 m², or R53,700 per m². Prices ranged from R680k to R3.02m.
Is Watergate expensive for Green Point?
Units in Watergate sell for a median of R60,100 per m², 8 % above the Green Point apartment median of R55,700 per m² for sales since January 2025.
What rent can I get for a flat in Watergate?
About R13,300 a month for a 41 m² unit, a gross yield of about 7.0 % (4.6 % net). This is a Sellect estimate from the price level; your free report adjusts it to your unit.
Where do these figures come from?
From sales registered at the Deeds Office and published by the City of Cape Town, analysed by Sellect. Bundles, parking bays, storerooms and implausible prices are excluded. Figures are medians and indicative, not a valuation.