Hi Wazuans.Some family friends wanted to pitch me into buying an apartment complex they own and currently under construction on Lenana Road, very proximal to Cactus bar/restaurant. Can someone guide me into a realistic and market value for three bed room apartments in that side of upscale kilimani. All three bedrooms are en suite and there is an additional servant quarter with its own entry and bathroom. A good realistic price range would be appreciated. Is Ksh 20m a realistic price given the current trend in those areas. I have checked few other apartment complex in those areas, among one opposite Casablanca and much smaller going for Ksh 25m and an upcoming one on Kasuku Road going for Ksh 30m..... Based on these, I am guessing these guys being family friend aren't there to flee me. Nevertheless, its better to be safe than sorry thus would appreciate wazuans in real estate market for their constructive feedback. Asanteni all.

ecsytacy true but they would be charging a hefty fee for a complex that is still not full complete and only awaiting final finishing. From what I am told the apartment complex should be ready by April. All in all, I would prefer to guage wazuans here and do my own tarmacking and compare the locality with existing prices before I pay my initial deposit by mid this month. To be very candid from what I have inquired so far, its price seem to be below par in comparison to the apartments coming up in its vicinity and with pretty much same services. Thanks again ecstacy and looking forward to others feedback. Asanteni all.

@Tgoldman, A cousin to a friend of a friend's brother's nephew has just bought 3br all en-suite, sq with own entrance, 252 m2, lift, parking for two, no pool/sauna/gym, 32 units in compound for ksh 23M mortgage. The shainise man would have taken ksh 19M cash money. The lease is 99yrs, started in 1968, service charge 10k - Kileleshwa.

I understand those new walalo apartments at Lenana/Ring Road Kilimani (near SA High Commission) - 3br, one en-suite are going at ksh 23M before bargaining.

That's the best way to put it in its correct perspective. Even a 5M/= House is acceptable compared to an apartment let alone a 15M/= Castle.

That was a funny one. Guy, you are HILLARIOUS!



Here, we are comparing Lenana Rd and Garden Estate, and not Lenana Rod and Buruburu.

With your reasoning I can tell you are very loaded which is not bad

@horton....i will take a stand alone house in garden estate any day over an apartment...i am sure many would concur...i will use the money charged from the rip off service fees in apartment complexes to hire G4S or one of the other security firms plus a gardener...that way i am seeing where my money is going as i am sure alot of change from apartment service fees goes into someone's pocket.

With that much (KES 20M), get yourself 3 units in Nyayo Estate, Embakassi flat.
You will be assured of 90K per month in rental income and now that Outer Ring road carpeting is in the plan, this income is likely to hit 100K. Can the lenana apartment give you that much?

My own view..if you are looking to invest in real estate for returns consider constructing houses at the lower end of the market..this will give highest returns.

Single 20M apartment in Kile/Kili will fetch 100-110K......