What are the chief pricing and sales’ trends of Llandudno property composition?
Llandudno is a small, affluent Cape Town suburb that is made up completely of full title properties. Currently numbering at just over 320 properties, this exclusive location is popular among buyers aged between 36 and 64 years old. Those seeking a premium lifestyle, in a quite suburb of unmatched serenity needn’t look any further.
Given the area’s status and price bracket when it comes to owning a slice of real estate heaven in Llandudno, it’s no surprise that sales are comparatively fewer. Nonetheless, the past year still records 20 successful sales, and premium average price tags - ranging from a low of approximately R 10, 500 000 to over R 13, 500 000 - were noted. This means that the total value of property exchanged in respect of sales over this period is almost R 268, 000 000, making Llandudno a low volume high transaction sales area. The combined average price over the above duration is R 13, 378 000, which falls lower than the current average of just over R 13, 800 000 as per growth and activity trends.
The latter movements further confirm that over the past five years alone prices have almost doubled in value. The prevailing municipal value is lower, although still substantial, at over R 11, 600 000. Locally, this still sets Llandudno property values head and shoulders above the rest. It is followed by Ruyterplaats which averages at more than R 4, 000 000 lower, and on a national level it is about R 1, 250 000 higher than the current average price ensuing in the likes of Gauteng’s Dunkeld.
Where is Llandudno located, and what makes its position advantageous?
The coastal suburb is situated along the Atlantic seaboard of the Cape Peninsula. This extremely exclusive suburb is unimpeded by commercial activities or even the likes of typical street lights, which could take away from the ambiance. Llandudno Beach is one of Cape Town’s most popular Blue Flag beaches, dotted by large granite boulders and surrounded by pristine mountain landscapes.
This natural setting with unimpeded beauty, undoubtedly contributes towards the high value of properties here. It is also a surfer’s haven because of the breathtaking surfs - but be cautioned, seas can get a bit rough for inexperienced surfers and the water does get cold, being exposed to the influence of the Benguela.
What are some of the main amenities that Llandudno property owners can expect?
There are no commercial activities in Llandudno, but there is easy access to Cape Town’s finest shopping centres and entertainment spots, such as the V&A Waterfront, Century City and a host of others near the CBD. There is a plethora of fine dining restaurants along the Atlantic Seaboard such as La Mouette in Sea Point, Harbour House in V&A Waterfront and Zenzero in Camps Bay.
Prime healthcare facilities, private hospitals, sought after school establishments and recreation galore are within convenient reach of those fortunate to live in Llandudno.
Chas Everitt Llandudno
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Author: Barry Davies