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Eastlands Plots - Good Areas for Apartment Blocks
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african coloner
#11 Posted : Monday, December 16, 2013 11:39:22 PM
Rank: Member

Joined: 10/8/2010
Posts: 446
Location: london
obiero wrote:
funny.. people think land is cheap in eastlands.. how wrong!!!


Selling my plot in utawala near tarmaid, commercial and 40x80 for 1.2m negotiable
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Bigchick
#12 Posted : Tuesday, December 17, 2013 12:03:33 PM
Rank: Elder

Joined: 2/8/2013
Posts: 4,068
Location: At Large.
Teller1 wrote:
obiero wrote:
funny.. people think land is cheap in eastlands.. how wrong!!!


The area is the most expensive in Nairobi. Doonholm a 40*60 7M, an acre in Karen 30M.



I think it has something to do with returns.

Karen is high investment low return area while Eastlands is low investment high return.

What do I mean....In Karen you will buy land at 30M and maybe put up 4 nice houses at 10M each.The same will earn you 100k per month thus 400k.

So total investment is 30M + 40M=70M and returns of 400k

In Eastland you will buy 40×60 at 7M and put up 5 floors of studio apartments with 10apartments per floor at 4M per floor thus 20M for the entire building.

Returns will be 10k per aparment, 100k per floor, 500k for the building

So total investment 7M+20M=27M Returns.....500k
Love is beautiful and so are those who share it.With Love, Marriage is an amazing event in ones life time, the foundation of joy, happiness and success.
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a4architect.com
#13 Posted : Tuesday, December 17, 2013 1:32:11 PM
Rank: Veteran

Joined: 1/4/2010
Posts: 1,668
Location: nairobi
A new trend where previous expensive lands around Sigona, Kiambu, Ndumberi,Kikuyu, Thika road, Limuru etc are now cheaper than newer areas such as kitengela and rongai.
A 1/8th touching tarmac in Sigona is 6m while the same in kitengela/rongai is 8m.
Sigona is 22km from cbd while kitengela is 32km and rongai is 21km.

Sigona has older, mature infrastructure while rongai and kitengela have fewer newer infrastructure eg schools, hospitals, police stations etc.
As Iron Sharpens Iron, So one Man Sharpens Another.
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vky
#14 Posted : Tuesday, December 17, 2013 8:13:11 PM
Rank: Member

Joined: 6/17/2010
Posts: 572
Bigchick wrote:
Teller1 wrote:
obiero wrote:
funny.. people think land is cheap in eastlands.. how wrong!!!


The area is the most expensive in Nairobi. Doonholm a 40*60 7M, an acre in Karen 30M.



I think it has something to do with returns.

Karen is high investment low return area while Eastlands is low investment high return.

What do I mean....In Karen you will buy land at 30M and maybe put up 4 nice houses at 10M each.The same will earn you 100k per month thus 400k.

So total investment is 30M + 40M=70M and returns of 400k

In Eastland you will buy 40×60 at 7M and put up 5 floors of studio apartments with 10apartments per floor at 4M per floor thus 20M for the entire building.

Returns will be 10k per aparment, 100k per floor, 500k for the building

So total investment 7M+20M=27M Returns.....500k

no one will pay 10k for a studio in the east, the best you could do is 6.5k, 10k is one bedroom prices
'One headache for famous medieval holy people was that someone might murder you to acquire your body parts for the relics trade'
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simonkabz
#15 Posted : Tuesday, December 17, 2013 11:26:26 PM
Rank: Elder

Joined: 3/2/2007
Posts: 8,776
Location: Cameroon
Better try Kiambu, Ruaka, Ruiru, Juja, Thika. New, cheaper, less congested n promising frontiers. Eastlando imechapa siku hizi.
TULIA.........UFUNZWE!
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MaichBlack
#16 Posted : Wednesday, December 18, 2013 9:28:50 AM
Rank: Elder

Joined: 7/22/2009
Posts: 7,910
Teller1 wrote:
obiero wrote:
funny.. people think land is cheap in eastlands.. how wrong!!!


The area is the most expensive in Nairobi. Doonholm a 40*60 7M, an acre in Karen 30M.

30M for an acre in Karen??? Which part of Karen? Ama ni Karen View?? Wewe ni mchezo uko nayo! Weka contacts of one such seller ama link. Na sio link za KamitiOnline!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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jaggernaut
#17 Posted : Wednesday, December 18, 2013 9:59:49 AM
Rank: Elder

Joined: 10/9/2008
Posts: 5,389
MaichBlack wrote:
Teller1 wrote:
obiero wrote:
funny.. people think land is cheap in eastlands.. how wrong!!!


The area is the most expensive in Nairobi. Doonholm a 40*60 7M, an acre in Karen 30M.

30M for an acre in Karen??? Which part of Karen? Ama ni Karen View?? Wewe ni mchezo uko nayo! Weka contacts of one such seller ama link. Na sio link za KamitiOnline!


Should have been 40m for Karen.
http://karen.olx.co.ke/karen-9acres-land-for-sale-40m-p-a-iid-576885796

The main issue is that an acre in eastlands will cost you 56m (7m per 1/8) while one in Karen is just 40m. Also if you develop some property, eastlands will give you better returns than Karen.
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Bigchick
#18 Posted : Wednesday, December 18, 2013 5:37:36 PM
Rank: Elder

Joined: 2/8/2013
Posts: 4,068
Location: At Large.
vky wrote:
Bigchick wrote:
Teller1 wrote:
obiero wrote:
funny.. people think land is cheap in eastlands.. how wrong!!!


The area is the most expensive in Nairobi. Doonholm a 40*60 7M, an acre in Karen 30M.



I think it has something to do with returns.

Karen is high investment low return area while Eastlands is low investment high return.

What do I mean....In Karen you will buy land at 30M and maybe put up 4 nice houses at 10M each.The same will earn you 100k per month thus 400k.

So total investment is 30M + 40M=70M and returns of 400k

In Eastland you will buy 40×60 at 7M and put up 5 floors of studio apartments with 10apartments per floor at 4M per floor thus 20M for the entire building.

Returns will be 10k per aparment, 100k per floor, 500k for the building

So total investment 7M+20M=27M Returns.....500k

no one will pay 10k for a studio in the east, the best you could do is 6.5k, 10k is one bedroom prices



Fair.........still at 6.5k the return is 325k.It is still higher thsn Karen.


Meanwhile is Embakassi pipeline etc part of Eastlands? If yes studios are fetching as much.Speaking from a point of knowledge.
Love is beautiful and so are those who share it.With Love, Marriage is an amazing event in ones life time, the foundation of joy, happiness and success.
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avec
#19 Posted : Wednesday, December 18, 2013 5:48:10 PM
Rank: Hello

Joined: 10/4/2013
Posts: 8
Bigchick wrote:
vky wrote:
Bigchick wrote:
Teller1 wrote:
obiero wrote:
funny.. people think land is cheap in eastlands.. how wrong!!!


The area is the most expensive in Nairobi. Doonholm a 40*60 7M, an acre in Karen 30M.



I think it has something to do with returns.

Karen is high investment low return area while Eastlands is low investment high return.

What do I mean....In Karen you will buy land at 30M and maybe put up 4 nice houses at 10M each.The same will earn you 100k per month thus 400k.

So total investment is 30M + 40M=70M and returns of 400k

In Eastland you will buy 40×60 at 7M and put up 5 floors of studio apartments with 10apartments per floor at 4M per floor thus 20M for the entire building.

Returns will be 10k per aparment, 100k per floor, 500k for the building

So total investment 7M+20M=27M Returns.....500k

no one will pay 10k for a studio in the east, the best you could do is 6.5k, 10k is one bedroom prices



Fair.........still at 6.5k the return is 325k.It is still higher thsn Karen.


Meanwhile is Embakassi pipeline etc part of Eastlands? If yes studios are fetching as much.Speaking from a point of knowledge.


You can also buy a 33x66 in Embakassi pipeline area and build 77 or 88 single rooms ( 7 floors) and fetch a cool figure every month...
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african coloner
#20 Posted : Thursday, December 19, 2013 3:15:48 PM
Rank: Member

Joined: 10/8/2010
Posts: 446
Location: london


You can also buy a 33x66 in Embakassi pipeline area and build 77 or 88 single rooms ( 7 floors) and fetch a cool figure every month...[/quote]

Nairobi building code states clearly that any building with more than three floors should have elevators. Not sure about the size of the room and ventilation. We don't want anyone in future to loose his hard earned investment
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