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

Business Day - Home Front - - FRONT PAGE - Michelle Swart michelle@vel­vetsquare.co.za

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

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