2 bedroom apartment in Kitengela

Kitengela

Apartment

Under Construction

Description

The development comprises 2 & 3 bedroom low-rise apartments ideal for a family set-up in Kitengela. It's in a well-planned gated community with immediate accessibility from the main road. The project also boasts of a Convenience Centre with a proposed supermarket and other essential retail services creating a one-stop shop for residents. Phase 1 is complete and ready for occupation, construction for phase 2 is currently underway, set to be complete in July 2024.

2br

65M²

Completion Date

Expected completion date: 01 Dec 2024

Cash Payment Details

Cash Price:

Kshs 3,600,000

Cash Payment Plan:

100 % payment & additional 6.7 % of the sale price as closing cost ( Kshs 241,200)

Installment Payment Details

Installment Price:

Kshs 3,600,000

Installment Payment Plan:

20% deposit, 80 % balance payable across the construction period & additional 6.7 % of the sale price as closing cost ( Kshs 241,200)

Home Loan Payment Details

Home Loan Price:

Kshs 3,600,000

Deposit Percentage(%):

20%

Deposit Amount:

Kshs 720,000

5yr Repayment Options:

Kshs 60,486

10yr Repayment Options:

Kshs 37,267

15yr Repayment Options:

Kshs 30,074

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 ( Kshs 241,200)

Investment Profile

Expected Rent:

Kshs 25,000

Rental Yield(%):

8.33%

Payback Period(years):

12 Years

Service Charge(pm):

Kshs 1,500

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

Borehole

Ample parking

CCTV

Ample open spaces

Shopping Centre

Other Details

No. of Apartments:

470