OWN LAND IN NAIROBI FOR AS LOW AS KES 54,000.

SECTIONAL OWNERSHIP OF LAND IN KENYA.

OWN LAND FOR AS LOW AS KES 54,000.

Land prices in Kenya are rising at a fast rate annually.

To enable Kenyans take part in investing and acquiring land for home ownership, http://www.a4architect.com/discuss/buy-a-section-of-land/ has come up with the Sectional Ownership method whereby 2 or 3 people can pool resources together to enable them share a 1/8th acre of land for home ownership or investment purpose.

This method will enable Kenyans to gain from the more than 20% annual land price increase as an investment.

The minimum land subdivision plot is 1/8th acre in Kenya. The 1/8th acre plots can be well utilized by 2 or 3 families if they are well-architecturally designed.

For example, the plot size for many estates such as South C,Buruburu is less than 1/8th acre .

Plot size in Apartment buildings e.g. Lavington, Ngong road is zero . Occupants use the house balconies for tasks carried out outdoors e.g. cloth drying, jiko lighting and basking.

A 1/8th acre plot when well planned can comfortably accommodate 2 or 3 families.

Legal Ownership.

Since the minimum land title is 1/8th acre, owning land less than this size is not possible through land title system.

A company is registered which is then owned by the 2 or 3 people interested in owning a section of the 1/8th acre.

The company will have 2 or 3 shares. Each person will then own 1 share which he can re-sell or transfer to third parties or bequeath to his wife and children as inheritance.

Technical ownership.

To enable ease of sharing without any possibilities of boundary and local authority disputes, www.a4architect.com designs the layout plan that shows the house style to be built and the individual space in relation to the other 2 or 3 owners.

Each local authority has set its own bylaws regarding use of land. For example, in Karen, Kahawa Sukari or Syokimau, only one family can live within the minimum plot size.

Each local authority also sets the set back distances between the building and the neighbouring land and access road.

Each local authority sets the minimum distance between the septic tank and the neighbouring plot size.

These and many other local authority bylaws are incorporated into the design done by www.a4architect.com. This ensures the 2 or 3 owners that their construction will not in any way conflict with the Local Authority bye laws.

For example, a 6m set back from the access road will take a huge chunk from the plot owner whose plot is next to the road. This is resolved through design such that the agreement between the 2 or 3 owners incorporates all the local authority bye laws hence allowing all the owners to construct their houses without any legal or technical hindrance.

Advantages.

This Sectional ownership of land through www.a4architect.com enables people to invest in land for housing purposes or future re-selling from denominations as low as KES 54,000 to a maximum of any amount. See table below.

How it works.

  1. Someone identifies land for sale at http://www.a4architect.com/land4sale/ or any other website or physical location.
  2. Someone posts a request for sectional owner partner or 2 other partners at http://www.a4architect.com/discuss/buy-a-section-of-land/  after identifying a land for sale that he is interested in.

 

  1. www.a4architect.com links the person who has requested for 1 or 2 other partners depending on preferences and carries out design to ascertain whether the specific local authority can allow for 2 or 3 separate housing units within the said land. Interested partners arrange on viewing the site.
  2. The 2 or 3 partners meet and form a company with 2 or 3 shares and choose their portions based on the architectural plan. The architectural plan will serve as the ‘beacon’ demarcating the boundaries and will assist in any boundary dispute. The articles of association also come up with modalities on use of shared spaces e.g. gate and driveway.
  3. The new company buys the land and the plan is submitted to the local authority for approval.
  4. The 2 or 3 partners can now embark on developing their portions each with his own pace. Each partner can re-sell his share in the company or bequeath to his/her kin.

 

Architect Francis Gichuhi Kamau.

www.a4architect.com

+254721410684

2 OWNERS
200K LAND
Land fraction sale Price
       200,000.00         135,000.00
400K LAND
Land
       400,000.00         250,000.00
100K LAND
Land fraction sale Price
       100,000.00           75,000.00
600K LAND
Land fraction sale Price
       600,000.00         375,000.00
800K LAND
Land fraction sale Price
       800,000.00         500,000.00
1m LAND
Land fraction sale Price
   1,000,000.00         625,000.00
1.5m LAND
Land fraction sale Price
   1,500,000.00         877,500.00
2m LAND
Land fraction sale Price
   2,000,000.00     1,170,000.00
3 OWNERS
200K LAND
Land fraction sale Price
       200,000.00           90,000.00
400K LAND
Land fraction sale Price
       400,000.00         166,666.67
100K LAND
Land fraction sale Price
       100,000.00           54,000.00
600K LAND
Land fraction sale Price
       600,000.00         250,000.00
800K LAND
Land fraction sale Price
       800,000.00         333,333.33
1m LAND
Land fraction sale Price
   1,000,000.00         400,000.00
1.5m LAND
Land fraction sale Price
   1,500,000.00         585,000.00
2m LAND
Land fraction sale Price
   2,000,000.00         780,000.00

 

Francis Gichuhi (692 Posts)

Architect Francis Gichuhi . B.Arch. University of Nairobi. Registered Architect, Kenya. Member, Architectural Association of Kenya. Contacts. email info@a4architect.com. Telephone +254721410684


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