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Plot in Athi River.
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Vj
#1 Posted : Thursday, January 20, 2011 5:02:14 PM
Rank: New-farer

Joined: 9/6/2010
Posts: 97
Location: nairobi, kenya
There is a 10 acre plot in Athir river (near the Athi River steel Plant), and touching Mombasa road. The price is 3.5 million per acre.

My question to Wazuans is do you think it is a fair price, (I have found valuers abit confused on prices outside the cities).

Secondly I am planning to develop the plot with 3 bedroom maisonettes each on 1/8 of an acre. Do you think the houses can sell for between 5-6 million?

Thank you in advance.
Before you can be be old and wise, you must first be young and stupid.
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stock.enigma
#2 Posted : Thursday, January 20, 2011 5:33:09 PM
Rank: Member

Joined: 8/14/2009
Posts: 244
Your question is, if I think. My short answer: I don't think.
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githundi
#3 Posted : Thursday, January 20, 2011 6:23:19 PM
Rank: Veteran

Joined: 11/19/2010
Posts: 1,308
Location: nairobi metropolitan
Value of the land yes, for the houses
3-4.5 m as they are far from town.
Democracy does not belong to the dead
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mpobiz
#4 Posted : Thursday, January 20, 2011 9:55:15 PM
Rank: Elder

Joined: 8/10/2010
Posts: 2,265

you were lucky to have bought the land at 3.5m.
greedy real estate agents mostly distort the prices in that area.

5-6m for a 3bedroom on a 1/8 acre plot?
this is brilliant. superior homes down the road are asking for 7-8m. i hope the design of your houses will be better than the competition.
Politics is just things to keep the people divided and foolish and put your trust in men and none of them can do nothing for you...
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mlennyma
#5 Posted : Friday, January 21, 2011 8:50:30 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Industrialists are in search of 1st row plots along msa rd,that price is like a give out.your design will dictate whether you will get the 5-6m for the homes.
"Don't let the fear of losing be greater than the excitement of winning."
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maina20
#6 Posted : Friday, January 21, 2011 9:35:16 AM
Rank: Member

Joined: 7/21/2010
Posts: 249
Location: nairobi
very good Investment idea....Shame on you .hoping no future expansion of Mombasa rd, lest u do like Sameer business park, Standard, etc....personally i always prefer 2nd or 3rd raw from tarmac...d'oh! ..
..desire to succeed is always fighting with fear of failure..
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Eddy
#7 Posted : Friday, January 21, 2011 11:46:28 AM
Rank: Member

Joined: 7/20/2006
Posts: 277
maina20 wrote:
very good Investment idea....Shame on you .hoping no future expansion of Mombasa rd, lest u do like Sameer business park, Standard, etc....personally i always prefer 2nd or 3rd raw from tarmac...d'oh! ..

Fully agreed, for houses being near the road is messy, smoke, dust, traffic noise and here you are talking major highway. Sell it to Standard or sameer you should still make a kill.
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Vj
#8 Posted : Friday, January 21, 2011 3:32:23 PM
Rank: New-farer

Joined: 9/6/2010
Posts: 97
Location: nairobi, kenya
Thank you all for your valued opinions.
Before you can be be old and wise, you must first be young and stupid.
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Seles83
#9 Posted : Saturday, January 22, 2011 3:18:48 AM
Rank: Member

Joined: 11/9/2007
Posts: 288
Location: OZ
On the Land deal...awesome...on housing pricing not so sure..
More monies, more problems...
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mjuaji wa stocks
#10 Posted : Saturday, January 22, 2011 7:45:18 AM
Rank: Member

Joined: 1/16/2010
Posts: 672
Location: nairobi
Consider the emmissions from the plant ....steel plant ..... the long term effect on the health of your clients...

Personally i will not buy such a location....

It is like building near a nuclear plant Shame on you Shame on you Shame on you Shame on you Shame on you
God gave me the power to make wealth ... Blessed the work of my hands & enabled be A SELF MADE BILLIONAIRE ...... TO GOD THE FATHER OF MY LORD JESUS CHRIST; BE THE GLORY NOW & FOREVER MORE!
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