Perfect location. I spent a few weeks attending lectures at the Stellenbocsh Business School. The School is less than 1.5km's down the road, so I enjoyed walking there everyday. Both the Virgin Active and the Tyger Valley Mall are within walking distance as well. The Tyger Valley Waterfront has an array of restaurants to choose from. The circumference of the lake is about 800m so if you are looking to do an early morning or late evening run or walk in a safe environment, it's perfect.
Karin was also an outstanding host. She was always available when I needed anything.
I would highly recommend this location.