THE CHEAPEST LAND AROUND NAIROBI: NGONG& KANGUNDO ROAD
The cheapest lands around Nairobi are to be found in areas where there are proposals to build new roads by the Government.
GREATER EASTERN BYPASS
Areas where the Greater Eastern Bypass runs through such as 10 to 20 km off Kangundo road in the Joska area, an acre of land goes for around KES 600,000.
The distance from Nairobi to Kibiku area of Ngong is approximately 40 km.
There are proposals to consult a highway in this area which are at feasibility stage.
Land here is in the tune of between 300,000 to 900,000 per acre depending on the proximity to Ngong town.
Once the highway is in place, the price of land will increase exponentially.
COST OF TARMAC ROAD
A kilometer of tarmac road in Kenya costs an average of KES 50,000,000. Therefore, it’s only the Government that can lay such an expensive infrastructure.
Land appreciates in value along the tarmac road hence once these areas are tarmacd, the value will increase along the roads as opposed to off the roads towards the hinterland.
Land around Nairobi on average doubles in value yearly. These pieces of land for KES 600,000 per acre will be going for a minimum of KES 1.2 m per acre the same time next year.
Before the Eastern Bypass was constructed, land was selling at KES 200,000 per acre. After the completion of the bypass, the current price per acre is in the range of KES 3,000,000 and it increases monthly. This is more than 1000% increase per year. The reason for such a great increase in value is due to the added infrastructure in terms of tarmac.
If for any reason, the Eastern Bypass was not constructed, the increase could have been the normal 100% yearly increase.
http://www.a4architect.com/land4sale/ to view various lands on sale around Nairobi.
Francis Gichuhi Kamau