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Riverside or Madaraka estate rental property!
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Seles83
#11 Posted : Monday, February 07, 2011 9:40:45 AM
Rank: Member

Joined: 11/9/2007
Posts: 288
Location: OZ
Papa Investor wrote:
As you said...its a balance between assured but lower yield and riskier but higher yield...Madaraka is excellently located...but the rents in the area have been depressed because of water issues and the old flats which are an eyesore..if they do manage the above 2 issues...rent for 3 bed can be as high as 40-50k (look how much new properties in Nrb west and South B rent out for)....just remember the higher the rent the higher the probability of encountering vacancies 10% of the time which will lower your effective rental yields...


How much do the new apartments in Nairobi west and south c go rent for?

I love the location of madaraka it is close to stratmore, Nairobi west pubs, Tmall,CBD and Upperhill.

It will be for purely rental purposes..

More monies, more problems...
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youcan'tstopusnow
#12 Posted : Monday, February 07, 2011 7:46:41 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
NHC is building new 2-bedroom houses in Nairobi West just before T-Mall. How much do they go for? NHC are not indicating the prices on their website
GOD BLESS YOUR LIFE
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Seles83
#13 Posted : Monday, February 07, 2011 10:40:02 PM
Rank: Member

Joined: 11/9/2007
Posts: 288
Location: OZ
youcan'tstopusnow wrote:
NHC is building new 2-bedroom houses in Nairobi West just before T-Mall. How much do they go for? NHC are not indicating the prices on their website


Their website has been down, for sometime now since sunday evening..typical kenya style someone must be sleeping on job..some links are not updates and some files are corrupt!!

Anyways apartment 2bdr - 5.5 and 3bdr 7m and 7.25m respectively..

Be blessed..
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gatoho
#14 Posted : Tuesday, February 08, 2011 1:34:15 AM
Rank: Member

Joined: 1/1/2010
Posts: 518
Location: kandara, Murang'a


Anyways apartment 2bdr - 5.5 and 3bdr 7m and 7.25m respectively..



3 prices for 2bed and 3 bed respectively kinda confusing

Does NHC do financing or you have to source for yourself?
Foresight..
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Seles83
#15 Posted : Tuesday, February 08, 2011 1:47:11 AM
Rank: Member

Joined: 11/9/2007
Posts: 288
Location: OZ
gatoho wrote:


Anyways apartment 2bdr - 5.5 and 3bdr 7m and 7.25m respectively..



3 prices for 2bed and 3 bed respectively kinda confusing

Does NHC do financing or you have to source for yourself?


From my understanding it is a direct sale, not a tenant purchase scheme.

The prospective buyer should pay cash or get a liaise with banks for financing..
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Injere
#16 Posted : Tuesday, February 08, 2011 7:55:32 AM
Rank: Member

Joined: 4/7/2010
Posts: 130
Good discussion going on here.

What do you guys think of Nyayo Estate? There are new units coming up for delivery in June i understand - not sure if they are all gone?

What are the rentals and market price like for a 3br m/s?
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Seles83
#17 Posted : Tuesday, February 08, 2011 8:02:18 AM
Rank: Member

Joined: 11/9/2007
Posts: 288
Location: OZ
Injere wrote:
Good discussion going on here.

What do you guys think of Nyayo Estate? There are new units coming up for delivery in June i understand - not sure if they are all gone?

What are the rentals and market price like for a 3br m/s?


I personally like Nyayo estate concept and management style..The only problem i have on them it is location and number of houses. The 3bdr appartments have become so many affecting ROI. A 3bd apartment goes for ~25k for (4.5-5.5m) house.

On availability a little bird tell me the remaining blocks have been booked by the government for its military staff..
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youcan'tstopusnow
#18 Posted : Tuesday, February 08, 2011 12:43:01 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Seles83 wrote:
youcan'tstopusnow wrote:
NHC is building new 2-bedroom houses in Nairobi West just before T-Mall. How much do they go for? NHC are not indicating the prices on their website


Their website has been down, for sometime now since sunday evening..typical kenya style someone must be sleeping on job..some links are not updates and some files are corrupt!!

Anyways apartment 2bdr - 5.5 and 3bdr 7m and 7.25m respectively..

Be blessed..

Asante ndugu
GOD BLESS YOUR LIFE
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Seles83
#19 Posted : Thursday, August 30, 2012 6:11:20 AM
Rank: Member

Joined: 11/9/2007
Posts: 288
Location: OZ
Hi Fellas,

Did anyone of you guys buy into NHC Madaraka Housing Scheme Phase I or II? Are you guys happy with the construction progress and final finish? and for those who bought Phase I, how much does a 3br and 2br apartment fetch in terms of rental market rates?
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Stine
#20 Posted : Thursday, August 30, 2012 11:14:36 AM
Rank: Member

Joined: 7/2/2009
Posts: 12
Check out Imara Gardens Apartments next to Riara school in Imara. They are pretty good apartments 3br house + guest room at 7.4M, they were increasing the amount I don't know how much they are selling for now. Estimated rent is 45k. They also have 2br going for 6. something. They are really worth looking at..
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