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1 bedroom apartment in Ruaka

Ruaka

Apartment

Offplan

Description

This development is a unique collection of contemporary and luxurious 1, 2 and 3 - bedroom apartments set amidst 3.7 acres of lush gardens, complete with a fruit tree orchard at the center of a secure gated residential community. Providing all the necessary amenities for modern living, the development distinguishes itself from others. The development consists of 2 Phases, with phase 1 having 2 sub - phases, 1 (a) and 1 (b). Construction is set to begin with Phase 1 (a) in November 2024.

1br

1

45M2

Completion Date

Expected completion date: 01 Jul 2026

Cash Payment Details

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Cash Price:

Kshs 4,800,000

Cash Payment Plan:

100 % payment & additional 6.7% of the sale price as closing cost (Kshs 321,600)

Installment Payment Details

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Installment Price:

Kshs 4,800,000

Installment Payment Plan:

10 % booking fee, 20 % upon signing the sales agreement, 60 % spread out through the construction period, 10 % upon completion & additional 6.7 % of the sale price as closing cost (Kshs 321,600)

Home Loan Payment Details

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Home Loan Price:

Kshs 5,280,000

Deposit Percentage(%):

25%

Deposit Amount:

Kshs 1,320,000

5yr Repayment Options:

Kshs 83,168

10yr Repayment Options:

Kshs 51,242

15yr Repayment Options:

Kshs 41,352

Mortgage Payment Plan:

Approx:25 % deposit, 75 % 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 (Kshs 353,760)

Investment Profile
Expected Rent:

Kshs 35,000

Rental Yield(%):

8.75%

Payback Period(years):

11 Years

Service Charge(pm):

Kshs 5,000

Disclaimer:

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

Rental yields are estimates and may vary with time.

Amenities

Kid's Play Area

Garden

Fully equipped gym

Social hall

Laundry matt

Co-Working space

BBQ Facilities

Other Details
No. of Apartments:

391

Company

+254 743 466209 / +254 757 488833

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