There is a 10 acre plot in Athir river (near the Athi River steel Plant), and touching Mombasa road. The price is 3.5 million per acre.

My question to Wazuans is do you think it is a fair price, (I have found valuers abit confused on prices outside the cities).

Secondly I am planning to develop the plot with 3 bedroom maisonettes each on 1/8 of an acre. Do you think the houses can sell for between 5-6 million?

Thank you in advance.

Value of the land yes, for the houses
3-4.5 m as they are far from town.

Industrialists are in search of 1st row plots along msa rd,that price is like a give out.your design will dictate whether you will get the 5-6m for the homes.

Fully agreed, for houses being near the road is messy, smoke, dust, traffic noise and here you are talking major highway. Sell it to Standard or sameer you should still make a kill.

On the Land deal...awesome...on housing pricing not so sure..

Plus these places(Syokimau, mlolongo, etc) are not controlled in regards to houses people are putting up. Your property could be devalued by the surrounding houses, or rather you put up your home and someone decides to put up flats like those in mathare north.