1 bedroom apartment in South C

Apartment

Under Construction

Description

The project is conveniently located in South C off Mombasa Road with easy access to the newly constructed Southern Bypass. It sits on 2.25 acres and comprises 5 blocks with a unit typology of 1, 2 and 3-bedroom apartments. It's characterised by top-notch quality finishes and comes with a built-in hob, oven and extractor hood.

1br

1

50M2

Completion Date

Expected completion date: 2023-11-29

Cash Payment Details

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Cash Price:

Kshs 6,050,000

Cash Payment Plan:

100 % payment & additional 6.7 % of the sale price as closing cost (KES 405,350)

Installment Payment Details

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Installment Price:

Kshs 6,050,000

Installment Payment Plan:

10% deposit, 20% upon signing of sale agreement, balance payable within the construction period & additional 6.7 % of the sale price as closing cost (KES 405,350)

Mortgage Payment Details

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Mortgage Price:

Kshs 6,050,000

Deposit:

20%

Deposit Amount:

Kshs 1,210,000

5yr Repayment Options:

Kshs 101,650 p.m

10yr Repayment Options:

Kshs 62,629 p.m

15yr Repayment Options:

Kshs 50,541 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 405,350)

Investment Profile
Expected Rent:

Kshs 38,000

Rental Yield:

7.54%

Payback Period:

13.27 years

Service Charge:

Kshs 7,000 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

Borehole

Swimming pool

Backup generator

CCTV

Lift

Parking

Intercom

Company

+254 743 466209 / +254 757 488833

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