1/4 acre plot in Kenya. Number of 2 bedroomed units for rent and cost of construction.
A 1/4 Acre plot has the rough dimensions of 100ft by 100ft or 30m by 30m.
Number of 2 bedroomed units.
For a high class type of construction whereby rents are high, e.g. in up market areas or near major towns and highways, the 1/4acre plot can fit 4 units per floor for 4 levels =16 units in total.
For middle class type of construction e.g. 0.5 to 1km away from tarmac or major town, the 1/4 acre plot can fit 6 units per floor =24 units in total.
For low class finishes type of construction, this can fit 8 units per floor=32 units in total for four floor levels.
Cost of construction.
For high class finishes, a cost of between kes 35,000 to 45,000 per m2 is envisioned.
Each unit can be 90m2 in size. This estimates a cost of between 3 to 4m per unit.
Assuming rental income of kes 30,000 per month, this will repay itself in between 9 to 11 years.
For middle class finishes, a cost of between kes 25,000 to kes 35,000 per m2 is envisioned.
Each unit can be 60m2 in floor area. This estimates a cost of between 1.5 to 2.1m per unit.
Assuming a rental income of kes 15,000 per month, this will repay in between 8 to 11 years.
For low class finishes, a cost of between kes 18,000 per m2 to kes 25,000 per m2 is envisioned.
Each unit can be 40m2 in plinth area. This brings out a cost of between kes 720k to 1m per unit.
Assuming a rental income of kes 10,000 per month, this will repay in 6 to 8 years.
Francis Gichuhi Kamau, Architect.