Parcel of Land in Ngecha, Limuru Area

Parcel of Land in Ngecha, Limuru Area - 1
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Price Analysis Above Market

Based on 590 similar listings

Negotiation Tips

Price is significantly above market

Suggested offer: KSh 3.05M

Potential discount up to 91%

Market Demand

High Demand

Details

Type
Residential Land
Title
Lease Agreement
Address
Limuru- Ngecha
Land Area
4046
Facilities
Car Parking, Domestic Sewage, Electric Supply, Rain Water Drainge, Water Supply
Listing by
Agent
Access Road
Paved Road
Property Use
Mixed
Type of Purchase
Outright Price
Development Status
Fenced

Parcel of Land in Ngecha, Limuru Area Highlights

  • Residential Land Potential: Residential land is typically zoned for housing, offering opportunities to build homes, apartments, or other residential structures. It can be a valuable asset for personal use or investment.
  • Leasehold Title: A leasehold title grants the right to occupy and use land for a specified period, as outlined in a lease agreement. Ownership of the land itself remains with the lessor, but the lessee has exclusive use for the term.
  • Mixed Property Use: Mixed-use properties combine residential, commercial, or industrial elements within a single development or area. This can offer convenience and diverse income potential, depending on local zoning regulations.
  • Essential Utilities Available: Access to essential utilities like water, electricity, and sewage is crucial for any land development. These services significantly enhance the usability and value of a plot, reducing initial development costs.
  • Paved Road Access: Land with paved road access generally offers better connectivity and ease of transportation. This improves accessibility for residents, businesses, and service providers, contributing to higher property value.
  • Fenced Development Status: Fenced land indicates that the perimeter is secured, offering a degree of privacy and security. This can be a pre-requisite for construction or a sign of initial development, protecting the property boundaries.

Description

• Approximately 1 acre (4046 sqm) parcel of land, suitable for residential or mixed-use development. • Located in a developed area of Ngecha, Limuru, with established infrastructure. • Direct access to a tarmac road, ensuring easy connectivity. • Electricity connection available on site, simplifying development. • Reliable water supply available on site, reducing utility setup costs. • The land is already fenced, providing initial security and boundary definition. • Clean lease agreement title, ready for transfer.

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TypeResidential LandResidential LandResidential Land
FacilitiesCar Parking, Domestic Sewage, Electric Supply, Rain Water Drainge, Water SupplyElectric Supply, Water SupplyDomestic Sewage, Electric Supply, Gas Supply, Rain Water Drainge, Water Supply
TitleLease AgreementCustomary Ownership
AddressLimuru- NgechaOlkeri, NgongKijani Ridge Tatucity
Land Area404610000
Listing byAgentAgent
Access RoadPaved RoadPaved RoadPaved Road
Property UseMixedResidentialResidential
Type of PurchaseOutright Priceper AcreOutright Price
Development StatusFencedPartially DevelopedUndeveloped
PriceKSh 33,000,000KSh 25,000,000KSh 28,000,000