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Buyiing apartments in Nairobi & Environs
Ms Mkenya
#1 Posted : Friday, August 23, 2019 3:50:25 PM
Rank: Veteran


Joined: 5/13/2010
Posts: 869
Location: Nairobi
Are there any apartments available for sale in Nairobi for the 3.5 - 5.5M budget and are not con jobs?
Mainly for rental income.
....above all, to stand.
mufasa
#2 Posted : Friday, August 23, 2019 4:18:23 PM
Rank: Member


Joined: 4/15/2008
Posts: 160
Yes. there some highrise apartments coming up in Ngara areas. They are available for that price if you buy them offplan. Check the Thursday Nation for more offers
Do it today! Tomorrow is promise to no-one.
NewMoney
#3 Posted : Friday, August 23, 2019 8:11:13 PM
Rank: New-farer


Joined: 3/1/2019
Posts: 86
Location: Nairobi
Ms Mkenya wrote:
Are there any apartments available for sale in Nairobi for the 3.5 - 5.5M budget and are not con jobs?
Mainly for rental income.


In the 3.5-5m range you can get a studio apartment in Kileleshwa, Kilimani, Valley arcade area which can rent for 30k and even more if you put it on airbnb. A good portion of new buildings under construction have them especially those done by the Chinese developers. When passing by a construction site just pop in and ask ..

The studios are always the first to sell-out.

Note that, the price for off-plan is usually the same as the final price at the end, the only advantage of buying early is you will have more options for choosing the size and position of your unit since it is a matter of first-come first-serve. hii mambo ingine ya wakenya kujifanya apartment ina appreciate after construction ni artificial appreciation which gets corrected by the market sooner or later, never buy into such
sqft
#4 Posted : Friday, August 23, 2019 8:32:15 PM
Rank: New-farer


Joined: 1/10/2015
Posts: 71
Location: Kenya
NewMoney wrote:
Ms Mkenya wrote:
Are there any apartments available for sale in Nairobi for the 3.5 - 5.5M budget and are not con jobs?
Mainly for rental income.


In the 3.5-5m range you can get a studio apartment in Kileleshwa, Kilimani, Valley arcade area which can rent for 30k and even more if you put it on airbnb. A good portion of new buildings under construction have them especially those done by the Chinese developers. When passing by a construction site just pop in and ask ..

The studios are always the first to sell-out.

Note that, the price for off-plan is usually the same as the final price at the end, the only advantage of buying early is you will have more options for choosing the size and position of your unit since it is a matter of first-come first-serve. hii mambo ingine ya wakenya kujifanya apartment ina appreciate after construction ni artificial appreciation which gets corrected by the market sooner or later, never buy into such


A bed sitter at 5m?
kayhara
#5 Posted : Friday, August 23, 2019 8:38:10 PM
Rank: Veteran


Joined: 5/5/2011
Posts: 1,012
NewMoney wrote:
Ms Mkenya wrote:
Are there any apartments available for sale in Nairobi for the 3.5 - 5.5M budget and are not con jobs?
Mainly for rental income.


In the 3.5-5m range you can get a studio apartment in Kileleshwa, Kilimani, Valley arcade area which can rent for 30k and even more if you put it on airbnb. A good portion of new buildings under construction have them especially those done by the Chinese developers. When passing by a construction site just pop in and ask ..

The studios are always the first to sell-out.

Note that, the price for off-plan is usually the same as the final price at the end, the only advantage of buying early is you will have more options for choosing the size and position of your unit since it is a matter of first-come first-serve. hii mambo ingine ya wakenya kujifanya apartment ina appreciate after construction ni artificial appreciation which gets corrected by the market sooner or later, never buy into such

No the off plan price is usually not the same as the final price, edenville kiambu road is a good example they were going for 9.8m during construction and 18m a few months after construction.
The Ngara units look very promising and renting will be easy seeing the proximity to town.
To Each His Own
NewMoney
#6 Posted : Friday, August 23, 2019 9:08:19 PM
Rank: New-farer


Joined: 3/1/2019
Posts: 86
Location: Nairobi
kayhara wrote:
NewMoney wrote:
Ms Mkenya wrote:
Are there any apartments available for sale in Nairobi for the 3.5 - 5.5M budget and are not con jobs?
Mainly for rental income.


In the 3.5-5m range you can get a studio apartment in Kileleshwa, Kilimani, Valley arcade area which can rent for 30k and even more if you put it on airbnb. A good portion of new buildings under construction have them especially those done by the Chinese developers. When passing by a construction site just pop in and ask ..

The studios are always the first to sell-out.

Note that, the price for off-plan is usually the same as the final price at the end, the only advantage of buying early is you will have more options for choosing the size and position of your unit since it is a matter of first-come first-serve. hii mambo ingine ya wakenya kujifanya apartment ina appreciate after construction ni artificial appreciation which gets corrected by the market sooner or later, never buy into such

No the off plan price is usually not the same as the final price, edenville kiambu road is a good example they were going for 9.8m during construction and 18m a few months after construction.
The Ngara units look very promising and renting will be easy seeing the proximity to town.



Hence artificial/forced appreciation...they have been trying to sell those off for ages.. they now even have a billboard on Thika road. Only people who lack sufficient market information fall for this and pay such a price
mnandii
#7 Posted : Friday, August 23, 2019 10:22:29 PM
Rank: Veteran


Joined: 10/11/2006
Posts: 1,843
NewMoney wrote:
kayhara wrote:
NewMoney wrote:
Ms Mkenya wrote:
Are there any apartments available for sale in Nairobi for the 3.5 - 5.5M budget and are not con jobs?
Mainly for rental income.


In the 3.5-5m range you can get a studio apartment in Kileleshwa, Kilimani, Valley arcade area which can rent for 30k and even more if you put it on airbnb. A good portion of new buildings under construction have them especially those done by the Chinese developers. When passing by a construction site just pop in and ask ..

The studios are always the first to sell-out.

Note that, the price for off-plan is usually the same as the final price at the end, the only advantage of buying early is you will have more options for choosing the size and position of your unit since it is a matter of first-come first-serve. hii mambo ingine ya wakenya kujifanya apartment ina appreciate after construction ni artificial appreciation which gets corrected by the market sooner or later, never buy into such

No the off plan price is usually not the same as the final price, edenville kiambu road is a good example they were going for 9.8m during construction and 18m a few months after construction.
The Ngara units look very promising and renting will be easy seeing the proximity to town.



Hence artificial/forced appreciation...they have been trying to sell those off for ages.. they now even have a billboard on Thika road. Only people who lack sufficient market information fall for this and pay such a price

Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
dunkang
#8 Posted : Saturday, August 24, 2019 1:14:32 AM
Rank: Elder


Joined: 6/2/2011
Posts: 4,808
Location: -1.2107, 36.8831
Ms Mkenya wrote:
Are there any apartments available for sale in Nairobi for the 3.5 - 5.5M budget and are not con jobs?
Mainly for rental income.

Yes.

Warira court along Kamiti Road, behind Wanho Jacaranda Gardens. Though I don't like the access Road that links the Eastern Bypass to Kamiti Road, it's too tiny.

Been sold by Housing Finance Group (therefore genuine)

2 bedroom at KShs. 5.5M, but were KShs. 4.7M some months ago under the HF 30% offer that ended in May 2019.
Receive with simplicity everything that happens to you.” ― Rashi

MugundaMan
#9 Posted : Saturday, August 24, 2019 5:12:31 AM
Rank: Veteran


Joined: 1/8/2018
Posts: 1,885
Location: DC (Dustbowl County)
Ms Mkenya wrote:
Are there any apartments available for sale in Nairobi for the 3.5 - 5.5M budget and are not con jobs?
Mainly for rental income.



Ms Mkenya,
Do not be fooled ati you can get something decent in Kileleshwa for under 5m. Have you seen those "studio apartments" you will just start laughing once you step in them. Some are the size of a decent toilet in a decent 250 sqm Maisonette in DC

Siste listen and listen carefully. Do not waste your time chasing hopeless apartments in Nairobi for that amount of money. Your best bet is think long term. Buy a plot in DC (1/4 acre) for between 2.5-4m and then build pole pole over the long term. Instant gratification is what is killing Kenyans. They do not want to put the effort and time to earn something decent. Trust me in 20 years time when your DC neighbourhood has reached maturity you will be thanking me heartily.

Have you ever owned an apartment in the leafier sections of Nairobi. I have and still do. It is a bonafide NIGHTMARE my sista.

1. The value of the communal land will remain locked forever. You will never see a coin of it kapsa kapsa kapsa.
2. You know how Kenyans are. Service charge disputes prawwwwwwwwwwww for years and years. People do not want to pay and there is nothing you can do about it except try to prevent them from selling when that time comes. You think they care? Nope!
3. Cramped living conditions no matter how plush the apartment is. Have you ever tried living in a decent sized apartment in Kile or Lavi. At first it is fun. You enjoy the company of mingi mingi people. Then it starts to grate at you. Mara oo someone is throwing a bash downstairs and the noise is irritating. Kids riding bikes and screaming all the time. People are peeing in the pool and spitting dani yaghe. The sauna has broken down and residents refuse to changa to fix despite endless pleas. Hopeless whatsapp group "forwards" baaaaaauuu until you get sick of it. Walevi neighbours scratch or bang your car while you are asleep and deny all culpability once you wake up. The list is endless.
4. Do not be fooled ati renting is a cake walk and occupancy is guaranteed (especially for ati a matchbox studio apartment in Kile Laughing out loudly ). Think carefully. Who would you rent to? A middle class Nairobian with money would never want to live there. A broke university student with hypergamy would definitely want to live there but no way they will pay you more than 10k because they simply cannot afford it. If the deal seems too good to be true.....

Now compare with the buy and build in DC model. You buy and build say for 10m over three years (if you can afford to have 3-5.5m in the short term certainly over three years you can hit your 10 m target.After 3 years you have a spacious maisonette with a huge piece of land that you own ALONE with no crazy communal living issues that is growing in value at a crazy rate yearly.

As I repeated so many times on the DC is the future thread....ALL the cap gains including the land is YOURS for the unlocking and 10 years later when you want to sell (to those clueless investors who want to hepa their studio apartments and become adults living in a decent house) you sell bila story mingi and smile all the way to the bank. Take these other fellows advice at your own peril!

Shalom
"The fool says in his heart, "There is no God." - Psalm 14:1**Dustbowl County is the Future of Kenya. Join us investing here or perish!!****On Vacation until Jan 1st 2020**Current NSE holdings:ZERO. Next planned re-entry into the NSE: 2052
deadpoet
#10 Posted : Saturday, August 24, 2019 7:53:19 AM
Rank: Member


Joined: 9/27/2006
Posts: 424
mufasa wrote:
Yes. there some highrise apartments coming up in Ngara areas. They are available for that price if you buy them offplan. Check the Thursday Nation for more offers


The highrise apartments in Ngara are certainly interesting. My worry though is that in a few years the environment might turn into something similar to the 'projects' of the states - you know, gangs, broken glass everywhere, people pissing on the stairs/elevators, etc. I've listened to enough rap music to know that its not fun.

Any thoughts on this?
tom_boy
#11 Posted : Saturday, August 24, 2019 9:58:40 AM
Rank: Member


Joined: 2/20/2007
Posts: 707
deadpoet wrote:
mufasa wrote:
Yes. there some highrise apartments coming up in Ngara areas. They are available for that price if you buy them offplan. Check the Thursday Nation for more offers


The highrise apartments in Ngara are certainly interesting. My worry though is that in a few years the environment might turn into something similar to the 'projects' of the states - you know, gangs, broken glass everywhere, people pissing on the stairs/elevators, etc. I've listened to enough rap music to know that its not fun.

Any thoughts on this?


This is a real concern
They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
NewMoney
#12 Posted : Saturday, August 24, 2019 12:33:55 PM
Rank: New-farer


Joined: 3/1/2019
Posts: 86
Location: Nairobi
deadpoet wrote:
mufasa wrote:
Yes. there some highrise apartments coming up in Ngara areas. They are available for that price if you buy them offplan. Check the Thursday Nation for more offers


The highrise apartments in Ngara are certainly interesting. My worry though is that in a few years the environment might turn into something similar to the 'projects' of the states - you know, gangs, broken glass everywhere, people pissing on the stairs/elevators, etc. I've listened to enough rap music to know that its not fun.

Any thoughts on this?



I have the same sentiments.... the density is too high and will require a very high level of accountability and responsibility from the residents to keep it in good form, I doubt it will happen.
NewMoney
#13 Posted : Saturday, August 24, 2019 12:43:24 PM
Rank: New-farer


Joined: 3/1/2019
Posts: 86
Location: Nairobi
MugundaMan wrote:
Ms Mkenya wrote:
Are there any apartments available for sale in Nairobi for the 3.5 - 5.5M budget and are not con jobs?
Mainly for rental income.



Ms Mkenya,
Do not be fooled ati you can get something decent in Kileleshwa for under 5m. Have you seen those "studio apartments" you will just start laughing once you step in them. Some are the size of a decent toilet in a decent 250 sqm Maisonette in DC

Siste listen and listen carefully. Do not waste your time chasing hopeless apartments in Nairobi for that amount of money. Your best bet is think long term. Buy a plot in DC (1/4 acre) for between 2.5-4m and then build pole pole over the long term. Instant gratification is what is killing Kenyans. They do not want to put the effort and time to earn something decent. Trust me in 20 years time when your DC neighbourhood has reached maturity you will be thanking me heartily.

Have you ever owned an apartment in the leafier sections of Nairobi. I have and still do. It is a bonafide NIGHTMARE my sista.

1. The value of the communal land will remain locked forever. You will never see a coin of it kapsa kapsa kapsa.
2. You know how Kenyans are. Service charge disputes prawwwwwwwwwwww for years and years. People do not want to pay and there is nothing you can do about it except try to prevent them from selling when that time comes. You think they care? Nope!
3. Cramped living conditions no matter how plush the apartment is. Have you ever tried living in a decent sized apartment in Kile or Lavi. At first it is fun. You enjoy the company of mingi mingi people. Then it starts to grate at you. Mara oo someone is throwing a bash downstairs and the noise is irritating. Kids riding bikes and screaming all the time. People are peeing in the pool and spitting dani yaghe. The sauna has broken down and residents refuse to changa to fix despite endless pleas. Hopeless whatsapp group "forwards" baaaaaauuu until you get sick of it. Walevi neighbours scratch or bang your car while you are asleep and deny all culpability once you wake up. The list is endless.
4. Do not be fooled ati renting is a cake walk and occupancy is guaranteed (especially for ati a matchbox studio apartment in Kile Laughing out loudly ). Think carefully. Who would you rent to? A middle class Nairobian with money would never want to live there. A broke university student with hypergamy would definitely want to live there but no way they will pay you more than 10k because they simply cannot afford it. If the deal seems too good to be true.....

Now compare with the buy and build in DC model. You buy and build say for 10m over three years (if you can afford to have 3-5.5m in the short term certainly over three years you can hit your 10 m target.After 3 years you have a spacious maisonette with a huge piece of land that you own ALONE with no crazy communal living issues that is growing in value at a crazy rate yearly.

As I repeated so many times on the DC is the future thread....ALL the cap gains including the land is YOURS for the unlocking and 10 years later when you want to sell (to those clueless investors who want to hepa their studio apartments and become adults living in a decent house) you sell bila story mingi and smile all the way to the bank. Take these other fellows advice at your own peril!

Shalom


The "Bedsitter" in valley arcade will bring in more rent than the 4 bedroom house in a Kite gated community. This is a cliche but don't judge a book by its cover, my friend. She said she is looking for rental income so it's a viable option. The tenants will most likely be foreigners who will pay rent per quarter and will take good care of the place. FYI, studios rake in over $3k per month in New York, this is the direction Nairobi is heading.
wukan
#14 Posted : Saturday, August 24, 2019 1:07:39 PM
Rank: Veteran


Joined: 11/13/2015
Posts: 1,183
Ms Mkenya wrote:
Are there any apartments available for sale in Nairobi for the 3.5 - 5.5M budget and are not con jobs?
Mainly for rental income.


Apart from GoK affordable housing none available in that range. Up your offer by 1m and you can get something like this.

Quote:
MIDTOWN APARTMENTS
Strategically Located in Ngara area, along chambers Road off the Globe Road about, (opposite Karangi hotel). A stone throw away from Nairobi’s CBD. A development by Soil Merchants, being built to deliver all the conveniences of a big city’s lifestyle in a safe and secure urban setting.

Special Cash Offer for a two bedroom apartment; Kshs.6.5M
Special Cash Offer for a three bedroom apartment; Kshs.8.5M


MugundaMan
#15 Posted : Saturday, August 24, 2019 1:10:00 PM
Rank: Veteran


Joined: 1/8/2018
Posts: 1,885
Location: DC (Dustbowl County)
NewMoney wrote:


The "Bedsitter" in valley arcade will bring in more rent than the 4 bedroom house in a Kite gated community
.This is a cliche but don't judge a book by its cover, my friend. She said she is looking for rental income so it's a viable option. The tenants will most likely be foreigners who will pay rent per quarter and will take good care of the place. FYI, studios rake in over $3k per month in New York, this is the direction Nairobi is heading.


Laughing out loudly Laughing out loudly Laughing out loudly
Laughing out loudly Laughing out loudly Laughing out loudly

Ati "foreigners" paying 300k kshs for a 50 sqft Chinese bedsitter in valley Arcade Laughing out loudly Laughing out loudly

Its ok to dream my braddah but there is no cure for delusionality.
"The fool says in his heart, "There is no God." - Psalm 14:1**Dustbowl County is the Future of Kenya. Join us investing here or perish!!****On Vacation until Jan 1st 2020**Current NSE holdings:ZERO. Next planned re-entry into the NSE: 2052
nairobby
#16 Posted : Monday, August 26, 2019 12:32:40 PM
Rank: Member


Joined: 1/18/2019
Posts: 139
Location: kenya
Ms Mkenya wrote:
Are there any apartments available for sale in Nairobi for the 3.5 - 5.5M budget and are not con jobs?
Mainly for rental income.


Check out South Suites in South B, I think they've started construction by now. Studios are going for 3.5m and you can expect rent between 20-30k. They've completed a similar sold out project in Nairobi West so I'd say they are credible.
hardwood
#17 Posted : Monday, August 26, 2019 1:01:02 PM
Rank: Elder


Joined: 7/28/2015
Posts: 9,328
Location: Rodi Kopany, Homa Bay
Check out the upcoming Garden city mall residential complex. 1 bdrm at 6m.

https://www.mividahomes.com/garden-city/

kawi254
#18 Posted : Monday, August 26, 2019 2:05:39 PM
Rank: Member


Joined: 2/20/2015
Posts: 328
Location: Nairobi
hardwood wrote:
Check out the upcoming Garden city mall residential complex. 1 bdrm at 6m.

https://www.mividahomes.com/garden-city/



Do these developments disclose expected service charges?
maureenowaters
#19 Posted : Thursday, August 29, 2019 8:59:24 AM
Rank: New-farer


Joined: 8/15/2019
Posts: 14
Ms Mkenya wrote:
Are there any apartments available for sale in Nairobi for the 3.5 - 5.5M budget and are not con jobs?
Mainly for rental income.


You can contact some local real estate agent or broker and hope they help you.
Ms Mkenya
#20 Posted : Thursday, August 29, 2019 4:03:47 PM
Rank: Veteran


Joined: 5/13/2010
Posts: 869
Location: Nairobi
Thank you all for your input.

I am skeptical about the Ngara one because of the 'project' issue.
The Studio idea sounds quite nice actually.
@mugundaman, since it is a rental income property I wanted something closer than DC smile

I will continue to look out for a good offer. My fear is just the cons.. I am not inclined to off plan. For me to buy i need to see or know the person behind the off plan houses.
....above all, to stand.
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