From the outset the suburb attained a highly prestigious status and this is due to the ultramodern generously sized homes and in part due to the views of the Atlantic Ocean on offer. Property values are way above the R10 mil mark and vacant land will fetch in the region of R5 mil depending on placement within the suburb.
The other factor which is also determinative of property values is the fact that the homes are constructed on uneven rocky land which is a huge construction cost. This also means many of the palatial homes are multileveled and make full use of light and views as focal aesthetics. The privacy the homes offer is also a factor which will appeal to the prestigious market as it is only the waves lapping the beach as a sound distraction.
According to present economics the target market for many of Llandudno’s prestigious homes are foreign investors seeking the pleasures of hard earned money and Cape Town is currently the ideal property market for these international investors.
The effect of this is that property values increase according to demand and resale which is stable even for a prestigious suburb like Llandudno.
For property owners feeling the financial pressure there is also a high demand for rental homes in Llandudno which again caters for the foreign contract executives with high rental income for fixed term leases.
Access to the suburb is convenient and does mean the suburb is in a prime location in relation to amenities like schools, malls and tourist attractions which from part of the Llandudno lifestyle.
Here is a list of some nearby schools; Llandudno Primary School, Bayside Christian High School, Oranjekloof Mor Primary School and Camps Bay High School.
Access to Cape Town City Bowl is via Victoria Road which may be a bit busy during schools breaks. The V&A Waterfront and other tourist amenities like Houtbay are also access via Victoria Road.
Take a tour of the homes in Llandudno, Cape Town via the Myroof web-site.