Nairobi has seen a surge of apartments being developed to meet the growing demand of home ownership. Buyers are keen to put their money on a property that is in a secure location and is close to amenities like schools, hospitals, shopping malls, banks and the works. Some of these apartments are modern and come with swimming pools, elevators, ample parking, 24 hour high security features to ensure buyers or their tenants are a happy lot. This writer takes a look at the ten best places to buy an apartment in Nairobi.
Kileleshwa
If you are looking for a decent apartment near the Nairobi CBD, then Kileleshwa is a good starting point. Most of these apartments for sale in Kileleshwa are well secured, have lifts, solar heating systems and a bunch of other modernities. Units go for kes13 million to upwards of 23 million. The apartment can be bought on a cash basis or on mortgage. Driving from the town centre to Kileleshwa when traffic is light is approximately 10 minutes to cover to 6.9 km.
Rental income is between kes60,000 to kes150,000 for a fully furnished unit.
Kilimani
Kilimani has had a rather dubious reputation as the hub of all social ills but that doesn’t take the shine off as one of the best places to own a property in Nairobi. Shopping centres around Kilimani include Yaya Centre, The Junction Mall among many others. Buying an apartment here is ideal for those working in Nairobi. According to Property24, a one bedroom apartment starts from kes3 million and the pricey units cost kes29,500,000.
Rental income is between kes100,000 and can go to upwards of kes250,000 for a fully furnished three bedroom apartment.
Lavington
This is another ideal address. Lavington imbues class and is one of those places to consider buying an apartment if you can afford. A studio apartment will cost you around kes4.5 million while a one bedroom will for kes5.5 million. Four bedroom apartment will set you back kes40 million.
Rental income starts from kes80,000 and with a fully furnished apartment goes upto kes400,000.
Westlands/Riverside/Parklands
Its proximity to Nairobi CBD and availability of social amenities makes Westlands the ideal place to either own an apartment to live or rent out. Apartments start from kes4.5 million and upto kes60 million.
Rental income starts from kes60,000 and the prices units go for kes250,000.
Imara Daima
The apartments here are decent and reasonably priced. Most two bedroomed apartments go for kes9 million but you can find cheaper and equally decent units. This area has shopping malls and a number of companies have rented space along the busy Mombasa road.
Rental income starts from kes45,000 to kes60,000.
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Spring Valley
Apartments here are quite expensive. Property websites put the average figure of a three bedroom apartment at kes40 million though you can find ones that go for about kes 17million.
Rental income is on average kes200,000.
Garden City
The apartments in Garden City are tastefully designed and priced from kes6 million to kes35 million.
The area is secure and is near Garden City mall where you can virtually find anything you need.
Rental income is from kes65million to kes200,000 per month.
Upperhill
Very convenient if you are working in the CBD as you can walk to and from work. Also work perfectly for those intent on renting out the space on a monthly basis or as Airbnb. A fully furnished one bedroomed unit goes for about kes5.5 million. Some of these units will cost you upwards of kes30 million.
Average rental income in this area is kes200,000.
Ngong Road
This is another ideal location for those who want to be close to social amenities. Transport to the CBD by public transport is less than a dollar even during rush hour.
Apartments here go from kes4 million for one bedroomed units while others go for kes120 million.
Rental income is between kes45,000 to kes100,000.
