It’s all about the lovely view
This expansive home, situated in one of the country’s most elite, private enclaves, is up for grabs at just under R20m
While it might be an upmarket suburb, it has no street lights or shops of any kind
ONLY 18km from the centre of Cape Town and approached by one of the most scenic drives over Suikerbossie Hill from Hout Bay or from Camps Bay along Victoria Road, Llandudno lies nestled in a private and peaceful cove.
According to the official Llandudno website, www.llandudno.co.za, the land where Llandudno is situated remained the stomping grounds of the “Strandlopers” who lived in caves along the coastline for centuries. Later a cattle track was created, which continued to be a rough path until Thomas Bain started work on a coastal road linking Camps Bay to Hout Bay.
Work was completed shortly before Queen Victoria’s Golden Jubilee in 1887 and Victoria Road was born. By 1903 the charms of the unspoiled little bay lying so close to Cape Town were spotted and in September 1903 the Camps Bay Extension Estates were incorporated and the valley declared a township. As the story goes, Mrs Wege, wife of one of the directors, had just returned from a holiday in the UK and was struck by the similarity between Llandudno in Wales and Kleinkommetjie Bay and so it was decided to name the new township Llandudno. A public auction of lots was held on March 26 1904 and by 1905 the first house had been erected.
Surrounded by large granite boulders and overlooked by mountains, the area is renowned for being private and secure as it can only be accessed by one thoroughfare and it has no commercial developments.
Named after the Welsh town of the same name, the Llandudno neighbourhood is home to some of the most expensive residential property in the country. But while it might be an upmarket suburb with properties fetching well into the millions, the suburb has no street lights or shops of any kind.
It is here, on a 1 037m² plot, that our 550m² feature home is situated. State-of-the-art finishes are found throughout this fourbedroom home which also features a wine cellar, Jacuzzi, steam room and rim-flow swimming pool among others. This home has been designed to boast loads of space with double volume living areas that flow onto the outdoor area which has U-shaped built-in seating overlooking teak decks and onto the bay. It also includes a study and double garage.
It comes as no surprise that this residence, which was completely revamped from an older home, has been used in many photographic shoots due to its indooroutdoor flow and contemporary appeal.
Talking about property trends in the upper end of the market, particularly in Llandudno,
Kit Muller of Seeff Properties, who is marketing this home, says that house sales have been slow with most sales taking place at the lower end of the market. He says that while sales are being achieved at about 15% below asking price, there is still interest in this area, especially from the overseas buyers. Muller attributes the decrease in sale to the stronger rand and the ongoing recession in Europe and the US.
Entry level properties in Llandudno at the moment, according to Muller, vary from R6,9m to R8,9m. He says most of these houses are over 25 years old and need to be demolished, which happens in most cases.
Middle of the range homes here would need minor refurbishment and sell between R10m and R14m while the pricing of the area’s most expensive homes would depend on location. “The highest sale in Llandudno was R44m for a home situated on Steensway with direct access to the beach. Other top-end homes would vary from R16m to R24m,” says Muller.
Location is particularly important in this coastal enclave. “Llandudno is all about the view, which has a major impact on the resale of homes in the area,” says Muller.
However Muller says that the stands here vary from 500m² to about 1 400m² and most of the homes have lovely views due to the steep gradient of the land.
“According to data from Lightstone, there were eight properties transferred in Llandudno last year, that ranged in price from R4m through to R18,25m. So far this year there have been just two registrations, one for R11,5m to a local purchaser and the other for R24,5m to an overseas purchaser,” says Muller.
Knowledge Factory’s SAPTG statistics indicate an average price of R9,4m for properties in Llandudno for the 2009-10 period.
“Completely rebuilt by a British businessman, this home is mostly used for family holiday getaways, but would be an ideal abode for a grand entertainer or those looking for a family home,” says Muller. Price: R19,95m Contact: Seeff Properties Kit Muller 082 418 6618 Office 021 790 1032