For sale: Build Your Dream Apartments In Thogoto

Imagine a steady rental income, happy tenants and a thriving community, all thanks to your smart investments...

Whether you are a first-time or a seasoned real estate investor, your primary goal is to make profitable real estate investments. You want to invest in residential properties with the potential for a high return on investment, which will provide you with a steady stream of rental income and long-term appreciation.

And the only way to guarantee this is to get a property that both aligns with your investment objectives and has the potential to meet the demands and preferences of your target audience

Like this 1/8th (50*100ft) plot that's on sale in Thogoto, Kikuyu Constituency

Vacant, gentle sloping and rectangular, it's primed for residential development, holding a sought-after free-hold title deed

The demand in residential homes has steadily increased in Thogoto due to the increasing population as a result of its proximity to the CBD plus a heavy population of young people, between 20 to 35, comprising recent graduates, young professionals, and students from the nearby Thogoto Teachers College, Presbyterian University, The University of Nairobi's Kikuyu Campus amongst other institutions, looking for affordable off-campus housing

Making this property absolutely ideal for the development of studio apartments, 1-bedroom, and 2-bedroom apartments

There are critical considerations that determine whether a property aligns with your investment objectives and the preferences of your target audience.

They include:
Location: The location of the property is crucial to ensure you can attract enough tenants to fill your apartments and to retain long-term renters. Having vacant units for extended periods and frequent tenant turnover could lead to higher maintenance and marketing costs which will negatively impact your cash flow and return on investment. This plot is situated in the well-developed Thogoto Teachers college area, just 200mts off tarmac (Thogoto -- Gikambura Rd), close to universities, colleges, and commercial centers.

Safety and Security: Safety is a paramount concern for you and your target demographic. You want a property located in a safe neighborhood with reliable security measures in place to keep both your investment and your tenants safe. Thogoto enjoys excellent security with both the Thogoto & Mai-ai-hii police posts only a short distance away

Commute and Accessibility: Easy access to public transportation and major roads is essential for your target clients of young professionals and students. This plot is within walking distance of key locations like universities, colleges, and commercial centers. It's also well-connected to major roads, such as the Southern by-pass, Ngong Rd and Waiyaki Way and public transportation guaranteeing an easy commute to work or educational institutions.

Affordability and Negotiability: Even as you wish to invest in quality properties, you are also value conscious; you also consider the affordability of the purchase and the potential for negotiation with the property seller. This plot is available at an attractive negotiable price of Kshs. 8.2M, payable in cash (within 3 months) or through Bank/Sacco financing allowing you to budget for the purchase effectively

Amenities and Lifestyle Offerings: The presence of modern amenities and lifestyle offerings such as reputable schools and hospitals, fitness centers, cafes & restaurants, and social gathering areas within the property's vicinity is essential for attracting young professionals and students. This plot sits within minutes of all social amenities in the area making living here incredibly convenient & fulfilling

Property Condition and Potential for Development: The current condition of the property and its potential for development is another crucial consideration. You want to invest in a plot that requires minimal amenities upgrades to reduce initial investment costs. The plot boasts of a perimeter wall on one side and easy access to all the essential amenities (mains electricity, county water & Safaricom's high-speed internet connection)

Local Infrastructure and Development Plans: You need to take into account the existing infrastructure and development plans for the Kikuyu area because this can significantly impact property values and rental demand. On completion, the Thogoto commuter train station, whose construction is on-going, will provide a more convenient traffic-free route to the CBD whether you're travelling for work, school or leisure

Rental Demand and Market Potential: You need to carefully evaluate the rental demand and market potential of a property. This plot is situated in an area with a strong demand for studio apartments, 1-bedroom, and 2-bedroom units that will ensure high occupancy rates and consistent rental income.

Want to witness the potential for yourself?

Give us a call today on +254725414068, join us for a site visit and let us guide you towards your dream investment!