Rank: Member Joined: 1/2/2008 Posts: 268 Location: Nairobi
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ChumsQuest wrote:icecube wrote:ChumsQuest wrote:mkeiy wrote:ChumsQuest wrote:Is this a good investment Wazuans? Got this offer but I'm not familiar with that area. Anyone with ideas?
1/8 acre plots Blessed Gardens is located at Kantafu area, 5.8 Kilometers off Kangundo road. Machakos County..
How much was the offer? The place is good. Mkeiy, it's 395,000 per 1/8th. So the 5.8 kms is not too far out? 395K is too high for an 1/8th 5.8Km inside in Kantafu. To reach Kantafu you have to pass Kamulu, Joska, Mutalia, Malaa,.....far off. Thank you icecube. What's a fair price for this property? The person selling it to me has given me the following pitch; "Blessed Gardens is a good investment for an investor looking for longterm investments say 4 to five years. The land is very prime for someone who want to hide money for the future. We have Hass consult who also bought land for construction of houses, we also have Home Africa in the area. These are big boys and i am sure they have seen the potential as we have seen" What say you? Hass consult have an estate coming up in Mutalia stage, well before kantafu. The estate is called Casa Mia and 4 bed-room houses going for 5.5M. Instead of buying in Kantafu, look around Mutalia, it would be much cheaper. 1/8 should cost around 300k abt 2km from the tarmac, although most plots here are 40X80. The area you mean in Kantafu should be cheaper, but way too far off.
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