Jackal Creek Golf Estate, close to Honeydew in North-west Johannesburg, is something of an anomaly. Rather than the usual luxury houses alongside the golf course the developers chose to rather build more reasonably priced townhouses/apartments. With a choice of lofts and apartments and, more recently, cluster home-style units, the estate offers golf-course living at price that normal people can actually afford.
Some potential buyers were put off by the unusual offering and an property investor colleague of this writer admitted that he didn’t think that the concept would work when it was initially launched. He also admits that this attitude was a mistake and when his syndicate bought a property on the estate they did at a much higher price.
The estate has only been around for about since 2008 its initial growth in the investment was quite dramatic with Finweek, in 2010, reporting that property values rose 49 percent in the estate (annual growth rate over three years) pointing to a dramatic return on investment for those who showed faith in the project early on. This growth is even more dramatic when taking into account the slump that hit the property market just as Jackal Creek came to market.
Jackal Creek was intended to appeal to younger buyers and this is borne out through the demographics with around 80 percent of owners and recent buyers under the age of 50. Owners do seem to be holding on to their properties with there being only 49 sales, out of a base of 1 100 units over the last 12 months.
Although the estate is close to the Zandspruit informal settlement and the ever-expanding Cosmo City, security on the estate is good. Residents also have access to the clubhouse which offers reasonably priced food and has a weekly trivia quiz among other events.
Jackal Creek may be on the edge of Johannesburg but it is positioned very close to Northgate shopping centre and within easy reach of other shopping areas along Witkoppen Road/Christian de Wet Drive. Getting to the highway in the morning may be a bit of an issue as both Beyers Naude Drive and Malibongwe Drive can get quite congested in the morning.
Again the position of the estate is a drawback when it comes to education options, but there is reasonable access to private schools such as Curro Aurora, near Northgate, and Maragon, in Ruimsig. A reasonable short drive will also provide access to government schools such as Sharonlea and Weltevreden Primary as well as Randpark and Allen Glen High School.