The least expensive homes in the Atlantic Seaboard suburb of Llandudno are currently in the R10m region – and houses at these prices will require considerable renovation.
This is according to Clare Putsman, a co-director and co-founder of Cape Waterfront Estates.
“Average prices are now R15m to R20m and we have always had on our books several properties priced well above R30m,” she said, noting that by her estimates her agency was responsible for 70% of all property sales in the suburb. “As I see it, there is no likelihood of price rises slowing down in the foreseeable future because the supply of stock falls well short of the demand.”
Cape Waterfront Estates has sold six out of the nine Llandudno houses listed since February, and has on average taken four weeks to achieve a sale within 5% to 10% of the asking price.
“To many Capetonians Llandudno remains a well-kept secret,” said Putsman. “[The suburb] has never become commercialised, and legislation put in place many years ago has ensured that it can never have retail outlets, offices or even sectional title homes and, what is more, it can never be expanded: the 300 homes currently there are all that will ever be allowed.”
A R29m Llandudno home with ocean and mountain vistas is now on the market through Cape Waterfront Estates.
The 605m² three-storey home is sited at 26 Llandudno Road, high on the slopes of the nature reserve, and has 360-degree views of the ocean, Llandudno beach and the beautiful mountains that encircle this area.
“The home has no less than eight bedrooms, all en-suite, and every level has magnificent views,” said Putsman. “The communal areas are exceptionally spacious and lead onto Balau wood decks or Travertine paved patios, ideal for entertaining, especially as on one deck there is a swimming pool. Great use has been made of full-length glazing, but this does not lead to excessive heat penetration because all the windows and glass doors in this home are double glazed.”
A striking element is the two-bedroom top-floor penthouse suite with over 150m² of floor space. “This is the ultimate in luxury whilst at the same time having attractive minimalist interiors,” said Putsman.
For more contact Clare Putsman on 083 252 2485