Mix together one part cement with two parts fine sand. Mix in just enough water to form a paste-like mortar.
Press the mortar into the hole using a trowel, starting at the top and working downwards. Force the mortar into the hole to fill it tightly.
Scrape off excess mortar to flatten it against the wall and allow it to dry overnight.
Prepare the epoxy or latex waterproof mix according to the instructions on the package.
Spray a fine mist of water onto the patch to dampen it slightly and brush the waterproof mix on top of the entire patch with a stiff paintbrush, brushing in a circular motion. Apply the mixture to the bottom of the wall first, then move up.
Allow the mixture to dry, then spray enough water onto the patch to soak it thoroughly. Allow the water to dry overnight.
Spray the patch with water again and apply a second coat of the waterproof mixture.