3 bedroom apartment in 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.

3br

2

90M2

Completion Date

Expected completion date: 2024-06-29

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 (KES 321,600)

Installment Payment Details

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Installment Price:

Kshs 4,800,000

Installment Payment Plan:

20% deposit, 80 % balance payable across the construction period & additional 6.7 % of the sale price as closing cost (KES 321,600)

Mortgage Payment Details

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Mortgage Price:

Kshs 4,800,000

Deposit:

20%

Deposit Amount:

Kshs 960,000

5yr Repayment Options:

Kshs 80,648 p.m

10yr Repayment Options:

Kshs 49,689 p.m

15yr Repayment Options:

Kshs 40,099 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 321,600)

Investment Profile
Expected Rent:

Kshs 26,500

Rental Yield:

6.63%

Payback Period:

15.09 years

Service Charge:

Kshs 1,500 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

CCTV

Ample open spaces

Shopping Centre

Company

+254 743 466209 / +254 757 488833

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