Hi,

There is this property being sold on mortgage. its being financed by Development Bank. What's your take on it.

i read part of the sale agreement which says that interest is 2% above the current base rate...At the moment interest charged is 12%.

Any advice from wazua members.

hi guys the apartments are being financed at a negotiated rate floating on the banks base rate minus 325basis point at any time depending on the money mkt conditions. currently 15.25% -3.25%=12%.
By the way got two units renting at kshs 20000. if one is interested hola.

There's also 360 Court at 2.8 with 300k deposit and 2.5 financing. By the same guys SEB Estates Limited.

What's the difference?

I intend to check them out soon.

Good stuff. I see on their site http://www.sebestates.co...d=1&subCat=Vmlldw== they're now listing them as 3.5m.

Very good finishing, spacious rooms, women will love the Kitchen. Slight issue to mention, the toilet shown on the website is the only one in the whole appartment and its just adjacent to the only bathroom (not shown, separate) room.

I noted as they also serve guests, these two private rooms are next to the sitting room. Meaning if you had guests, it might be a tad tricky to exit from the shower to any bedroom. But should be okay for singles...

@kaufman Mlolongo - Kenya.

@Josey are you just out "selling" or giving the best advice more so the plots you promote not yet developed. Advice the plot cost plus the building of a 2bedroomed house cost then we make informed decision.

@QD
The thread by @kyt is proof that building your own hse is the better option however long it might take you.
You asked for the exact cost of putting up a 2bdr hse plus the cost of land.
Land prices differ on location and as i wrote earlier our rates are as follows ie on 50 x 100 plot sizes with ready title deeds

SOYKIMAU KSH 400 000-1000000
KATANI KSH 200 000- 400 000
UTAWALA KSH 350 000
KANGUNDO Rd. (KAMULU) KSH 150 000

NB. Payment can be done on installments of 4 months.

Building costs will depend on your design and availabilty of materials.

Do not hesitate to inbox me for more details-jmonyoncho@gmail.com

@tuvok
For the SOYKIMAU plots distance ranges from 3 to 5kms from Mombasa rd which will also be reflected in the price difference.
There is a good road network though its not tarmacked.

Josey, waweza patikana na medium gani for more details? i.e fone/email address

@chaka

There is no council water at the moment, but we have people who have drilled borehole which can be piped to your location at a fee.
Alternatively you can do your own.

@Tuvok
Inbox me :jmonyoncho@gmail.com
OR call 020-2451841