Three bedrooms stand-alone master ensuite maisonette houses consisting of 114 units on a 5.3 Acres. The units are 90% sold out and partly occupied.
Plinth area for each unit is 110 sqm.
The project is located in the serene area of New Kitisuru, Kibichiku area, Kabete approximately 15Km from the Nairobi CBD and 9Km from Westlands. Kitisuru area offers the residents close proximity to Westlands, Gigiri, Ruaka. The project is also accessible to various shopping malls, hospitals, schools, colleges and many social amenities.
The project is undertaken in two phases; Phase 1, which has 57 units where structures are already completed. Part finishes is also 90% complete and require two months to complete. Two of the units under this phase have been completed and occupied. This phase of the project is 90% sold with only 8 units remaining arising from withdrawals from clients who were no longer able to continue with the project. The location has witnessed high demand especially due to the ongoing infrastructure improvements in Kiambu County, and its proximity to the Nairobi CBD.
The subject’s neighbourhood is in a growth phase and is experiencing rising property values. The increase in population and rural-urban migration to Nairobi has spilt over to Kiambu County with Kitisuru being a favoured neighbourhood by those looking to set up owner-occupier homes.
This increased population has led to increased demand that has, in turn, led to a rise in property demands and high prices. Kitisuru currently offers a high rate of capital appreciation of up to 18% and rental yield of between 9-13%.
Price: 3 bedroom Kes 10M