The exclusive suburb of Llandudno on Cape Town’s Atlantic Seaboard is celebrating its centenary this year – and it would appear that an increasing number of property buyers want to join in the birthday celebrations. Pam Golding Properties (PGP) reports an upturn in demand and sales activity in the prestigious area, as well as a prime selection of luxury homes which are currently available for purchase.
Propstats figures indicate that over the course of last year (2012), just eight homes changed hands in Llandudno, to a total value of around R135 million. PGP agents Sue O’Molony and Derek Preedy concluded half of those sales, in both unit numbers and total value. They note that the pace of sales has accelerated into 2013. “By June of this year, we had already seen 11 properties sold in Llandudno, across all agencies,” say the agents. “The total sales value is already over R100 million – well before the onset of the peak summer selling season. The interest is coming from a mix of both local and international buyers, with many of the latter searching for their dream beach home via the PGP website www.pamgolding.co.za.”
Entry level pricing for the suburb currently stands at just under R7 million, which will secure one of its older homes, probably in need of some renovation work. A typical mid-level home costs around R15 million, while prices go up to R40 million for some of the larger luxury homes with spectacular designs and prime views.
Turnover has always been quite low in Llandudno, due to its limited size and enviable lifestyle offering. “This is a place where buyers like to put down long-term roots,” says O’Molony – and she should know, as she and Preedy have been selling property in the area for over 30 years. “The sheltered location at the end of the Twelve Apostles mountain range, perched above an internationally-recognised Blue Flag beach, offers the ideal beach lifestyle. And the total absence of commercial activity helps create an atmosphere of escape and privacy – one which is enhanced by the lack of streetlights and the single access road into the suburb. It’s no surprise that this suburb attracts a well-heeled, cosmopolitan mix of residents, or that it is sometimes referred to as the Cape’s own Riviera. These homes can never be affected by unchecked development, as the suburb physically cannot grow beyond its current geographical limits. This means that they will always enjoy a rarity value that will shore up prices, regardless of prevailing economic climates.”
Despite this rarity factor, the agents note that there is a reasonably good selection of homes on the market at present – PGP has a number on offer, ranging in price from R7.5 million to R40 million. These include everything from simple yet comfortable family homes to super-luxury mansions with designer features and panoramic ocean views.
For more information on property for sale in Llandudno, call PGP agents Sue O’Molony (082 956 9541) and Derek Preedy (083 790 3211) or contact their office on 021 790 5940 or firstname.lastname@example.org.