1 bedroom apartment in Riruta

Apartment

Under Construction

Description

The development is located on Wanyee Road, off Naivasha Road, 5 minutes from Junction Mall in Dagoretti. It offers Studios, 1 & 2 bedroom apartments of various sizes. It shall span on 5.2 Acres of land. Construction starts with 2 blocks of phase 1. There is a special offer, of which the studio is going for KES 1.9 M with 100% cash payment.

1br

1

40M2

Completion Date

Expected completion date: 2026-02-27

Cash Payment Details

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Cash Price:

Kshs 4,000,000

Cash Payment Plan:

100 % payment within 2 weeks & additional 6.7 % of the sale price as closing costs (KES 268,000)

Installment Payment Details

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Installment Price:

Kshs 4,000,000

Installment Payment Plan:

20 % deposit, balance payable in installments spread out through the construction period & additional 6.7 % of the sale price as closing costs (KES 268,000)

Mortgage Payment Details

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Mortgage Price:

Kshs 4,400,000

Deposit:

20%

Deposit Amount:

Kshs 880,000

5yr Repayment Options:

Kshs 73,927 p.m

10yr Repayment Options:

Kshs 45,548 p.m

15yr Repayment Options:

Kshs 36,757 p.m

Mortgage Payment Plan:

Approx:20% deposit, 80% balance paid upon completion by the financier. Home loan processing fees & closing cost at 4.5% of the sale price. Closing cost of the property at 6.7% of the sale price (KES 294,800)

Investment Profile
Expected Rent:

Kshs 30,000

Rental Yield:

9.00%

Payback Period:

11.11 years

Service Charge:

Kshs 3,500 pm

Disclaimer:

The monthly mortgage repayments are estimates and may vary depending on the financier.

Rental yields are estimates and may vary with time.

Amenities

Kid's Play Area

Borehole

Ample parking

Backup generator

CCTV

Lift

Close proximity to Junction Mall

Company

+254 743 466209 / +254 757 488833

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