Wash, pat dry, hull and chop the strawberries into quarter-size pieces. Transfer them to a saucepan.
Place the saucepan over medium heat, add sugar and stir them to coat in sugar, add water, and lemon juice and bring the mixture to a gentle simmer. Stir occasionally to help dissolve the sugar.
Allow the strawberries to simmer for about 10 minutes, or until the mixture thickens slightly. The strawberries should soften and release their juices.
If you prefer a smoother compote, you can use the back of the spoon or potato masher to mash the strawberries to your desired consistency. If you like it chunky, you can leave them as such.
Remove the saucepan from heat and let the strawberry compote cool to room temperature.
Once cooled, you can transfer the compote to a jar or airtight container and store it in the refrigerator.
Serve strawberry compote over pancakes, waffles, ice cream, yoghurt, or as a topping for desserts.