Exceptional capital growth and investment opportunities in Eagle Canyon Golf Estate
Located in Johannesburg's north-western suburbs in Honeydew, just off Northumberland Avenue, Eagle Canyon Golf Estate not only offers a secure, discerning lifestyle, but one of the best residential investments in the city, says Seeff agent, Chris Liebenberg.
While sales volumes continue to strengthen year-on-year as more buyers head here for a secure lifestyle in a tranquil, country-like environment, the agent says that the estate has also delivered exceptional capital growth and rental yields for property investors.
The estate ranks amongst the top six in the country and is situated in what was once a quarry. It covers 3,000ha with stunning gardens with dams and walking and jogging trails around an 18-hole golf course overlooked by one of the finest clubhouses in the country. Facilities here include a Camelot Spa and Senshi Wellbeing centre with a gymnasium along with tennis courts, a Pro-Shop, restaurant, bar and lounge, function and conferencing facilities and a terrace with stunning views for residents to enjoy. Private schools, top retail facilities and private medical care are all in close proximity. Residents also enjoy quick access to major arterials in and out of the metropolis. An on-site estate management team ensure peace-of-mind for residents and property owners. It is one of the most secure neighbourhoods with 2,5 metre electrified perimeter walls, controlled access, video monitors and 24/7 security patrols.
In the last three years, sales volumes in the estate have strengthened by 22% to around 120 in the last year, up from 98 in 2009 with some 21 homes selling around the R5 million price band. Property in the estate has seen about a 20% capital growth over the past five years, says the agent. The average house price has improved by 30%, from around R3 million in 2009 to R3,9 million; significantly above the market average, says the agent. Sectional title properties are now selling for around R1,5 million on average, up by 15% from R1,3 million in 2009. The highest price achieved was the recent sale of a free-hold home for R14 million.
The estate is especially popular with family buyers, not only for security reasons, but for lifestyle reasons, says the agent. Children for example can play in the parks, ride their bicycles and fish in the dams. Residences here enjoy an idyllic setting with tree-lined avenues and stunning views as far as the distant Magaliesberg Mountains. Property options range from two bedroomed apartments, priced upwards of R1,25 million and upwards of R2,35 million for three bedrooms to townhouses and clusters, priced upwards of R2,250 million. Freehold homes on plots of around 1,000sqm sell for upwards of R4,1 million to R13,995 million for a multi-levelled, ultra-modern home designed by Thetaplan Architects that offers 1,200sqm in floor space with a swimming pool that overlooks the golf course.
An abundance of steel, concrete and glass, including glass walls that open to outdoor terraces, make this one of the most unique homes on the market, says the agent. It incorporates modern screed floors and unique paint techniques, luxury fittings and finishes including under-floor heating and air-conditioning along with the latest smart-home technology including solar geysers, an AMX home automation system, centralised vacuum system, piped sound throughout and CCTV.
The living areas on the lower level include three lounges and formal and informal dining areas, all with fireplaces along with a trendy kitchen with integrated appliances. There is also a bar room and wine cellar with a tasting room on the basement level along with a hobby room. There are three bedrooms, all with en-suite bathrooms on the upper level. The luxurious master suite opens to a private terrace and includes a lounge area, dressing room and unique indoor/outdoor bathroom with double vanity basins, double shower and free-standing spa bath. The property includes multi-car garaging and additional guest parking.
The estate is also sought-after by a mix of residential and corporate tenants and the investment value of property here is further evidenced by the exceptional rental yields. Two bedroomed apartments for example currently yield upwards of R7,500 per month while clusters yield upwards of R18,000 per month. Free hold homes yield upwards of R25,000 per month to around R40,000 for a luxury home, says Liebenberg.