Eagle Canyon - Great Returns in this Estate

Private Property South Africa
Ben Kelly

Built on the site of an old quarry, just a stones throw away from Honeydew, Eagle Canyon Golf Estate has established itself as one of the premier residential estates in north-west Johannesburg.

The estate answered a key demand for high-end residential property in this ever-expanding part of Johannesburg as most of the developments in the area had catered for the middle-market with smaller, sectional title developments dominating. The success of Eagle Canyon also provided the impetus for additional developments in the area, such as Jackal Creek.

The estate, which houses a number of precincts and a full 18-hole golf course, is deceptively large. The part of the property bordering the busy Christian de Wet Drive is the smallest boundary of the property and with the rest of the estate tucked away off the main road. There are a total of almost 1400 properties on the estate with freehold houses making up just over 70 percent of the total stock and sectional title, including townhouses and clusters, making up the rest.

With an average selling price 2011 of R3.5 million for freehold properties and a consistent year-on-year increase in selling prices – the average selling price in 2010 was R3.3 million and 2009 was R2.9 million – investors are clearly seeing a good return on their properties in this estate. Sectional title properties have seen a similar escalation, with prices moving from R1.2 million in 2009 to R1.6 million last year.

The nature of the estate, and its history as a quarry, means that much of the residential development has been clustered around the edges of the property, leaving the heart of the estate as a beautiful greenbelt with the golf course and dams at its centre.

The estate is also ideally positioned for access to private schools including Trinity House, Charter House and Curro Aurora as well as good government schools such as Randpark Primary, Allen Glen and Randpark high schools. The growing educational hub in the Ruimsig area – with the Maragon schools, the Kings School and Monash University are also within easy reach.

For getting out and about it is a short drive to key shopping centres including Cresta, Northgate and Clearwater and both the N14 and N1 highways are accessible via Beyers Naude and Hendrik Potgieter. There are also smaller shopping centres along both of these key arterials making shopping trips, both large and small, relatively easy.

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