Residential Building for Sale - Huruma

Residential Building for Sale - Huruma - 1
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Price Analysis Above Market

Based on 1925 similar listings

Market Demand

Good Demand

Details

Type
Residential Land
Title
Letter of Allotment
Address
Mathare
Facilities
Domestic Sewage, Electric Supply, Rain Water Drainge, Water Supply
Access Road
Paved Road
Property Use
Residential
Type of Purchase
Outright Price
Development Status
Partially Developed

Residential Building for Sale - Huruma Highlights

  • Established Residential Area: Residential land is typically located in areas designated for housing, offering a stable environment for building a home. These neighborhoods often feature existing infrastructure and a community feel.
  • Essential Utility Connections: Properties in developed areas usually come with access to vital utilities such as electricity and water supply. This ensures convenience and readiness for construction and occupancy.
  • Access to Paved Roads: Good road access, especially paved roads, is crucial for any property. It facilitates easy transportation of materials during construction and simplifies daily commutes once the property is occupied.
  • Potential for Development: Partially developed land offers a head start on construction, with some infrastructure already in place. This can reduce initial building costs and timelines.
  • Drainage Systems: Proper drainage, including systems for rainwater and sewage, is essential for property health and longevity. It prevents waterlogging and maintains a sanitary environment.

Description

• Two-storey residential building with potential for expansion to five storeys. • Designed for bedsitter units, currently generating KES 110,000 per month in rent for the existing two storeys. • Located in Huruma, a developing area with increasing demand for housing. • Property includes essential utilities: domestic sewage, electric supply, rainwater drainage, and water supply. • Access is via a paved road, ensuring ease of transport and deliveries. • Situated on residential land with a Letter of Allotment, offering clear ownership. • Partially developed, providing an opportunity for further construction and increased rental income. • Outright purchase option available for immediate acquisition.

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TypeResidential LandMixed-use LandResidential Land
FacilitiesDomestic Sewage, Electric Supply, Rain Water Drainge, Water SupplyCar Parking, Domestic Sewage, Electric Supply, Gas Supply, Rain Water Drainge, Water Supply—
TitleLetter of AllotmentCustomary Ownership—
AddressMathareOlepolosSuswa
Access RoadPaved Road——
Property UseResidentialMixedResidential
Type of PurchaseOutright PriceOutright PriceOutright Price
Development StatusPartially DevelopedFully Developed—
PriceKSh 27,000,000KSh 30,000,000KSh 21,000,000