NAIROBI, Kenya, September 26 – Did you know that only 15.4 per cent of Kenyans own homes? This is from the 2019 Population Census. This represents 7,379,485 only out of 47.6 million Kenyans. The rest of the population falls into renting. Further, Nairobi has highest number of Kenyans paying rent followed by Kiambu, then Nakuru and Mombasa comes fourth as the rest of the areas follow.
Did you know you can become a home owner within a few years by first buying an affordable residential land then building a home? Yes, this is practically possible. You can do your due diligence and identify a trusted real estate company selling affordable land with amenities.
A real estate developer such as Username Investments has over the past 10 years, sold prime plots and thousands of Kenyans are building their homes. This has in a great way increased the number of home owners in Kenya.
There are 5 areas in Kenya where, as an aspiring home owner you can find prime plots with less than 1 Million shillings and build immediately. Read on to find out more about these areas and select your most ideal.
Nakuru City
This goes without saying. The elevation of Nakuru to a city has unlocked the real estate potential in this area. Economic survey findings by various institutions show Nakuru is fast rising to become the most preferred investment destination for local and international investors.
Apart from being the fastest growing town in East and Central Africa according to the United Nations, the city is a key tourist site, is an agricultural rich county, enjoys strategic locations and key infrastructure such the expected expansion of Nakuru – Nairobi highway, ongoing expansion of the airport, rehabilitation of the railway line and other goodies that come to any city.
If you are looking for a real estate property in Nakuru at a price below 1M near a City, we can recommend a residential property by Username Investments dubbed Havanna Estate Nakuru Phase 5 which is Sh629,000 only. The property is only 15 minutes’ drive from Nakuru city off Nakuru Eldoret highway. The land has key amenities such as graded access roads, water, electricity and perimeter fence making it ready to build.
Ngong
Ngong is one of the fastest-growing residential suburbs in Nairobi Metropolis. The distance between Nairobi CBD and Ngong is 23km via Ngong Road, therefore, less time is taken from Ngong to various workplaces.
The area enjoys improved infrastructure with expanded Ngong Road, tarmacking of Ngong Suswa, Ngong SGR and the Southern By-pass that links Karen, Ngong, and Dagoretti. All these factors have gradually led to appreciation of land prices in this area. Properties that were selling at Ksh 299,000 are now worth ranging from Sh600,000 to Sh1million to growth in the area.
If buying a property in Ngong whether for developing a home of for investments, you will get value for your money.
Kangundo Road
Kangundo Road is an area located within the Nairobi Metropolitan Area. This is an area where you can live and access Nairobi CBD conveniently. It is less than an hour’s drive from Nairobi CBD.
Kangundo Road area enjoys good infrastructure, social amenities, increasing residential developments and overall growth in the area.
There are a number of areas along this route that you can invest in including Kamulu, Joska, Malaa, Kantafu, Ruai etc. You can find a prime property in Kangundo Road near tarmac retailing at a price below 1M which is affordable to many Kenyans. This is a property where you can build your dream home easily.
Matuu
Matuu is a growing town located in Machakos County. It is midway between Nairobi and Kitui. This is a town you can find a prime property touching tarmac at only Ksh 299,000
This town is set to benefit from the expansion of the vital Thika Garissa road at a cost of 3.3B. This will have a positive knock on effect on both transport and business sectors.
The town has become one of the largest urban centres in Machakos County. It has become an economic hub of the surrounding constituencies and a key transit centre to Nairobi, Thika and parts of Central and Eastern Kenya.
If you are looking for plots for sale in Kenya with prices below Ksh 1M, you can find a number of properties in Matuu that you can invest in.
Tinga Town
Tinga town is located approximately 65 kms from Nairobi CBD just after Ongata Rongai and Kiserian Towns along Magadi Road.
The area enjoys modest schools, hospitals, police station, water and electricity among other social amenities. The greater southern bypass is set to open the area even more in the near future.
This is an area you can find a property near close to Tinga town and few metres from Magadi Road at Ksh 249,000 which is less than Ksh 500,000.
In conclusion, it is important to ensure for every piece of land that you buy you are sure of receiving a title deed to your piece of land. The good thing with buying from a company such as Username is that you will always receive a title deed.
