Top 5 Places With Affordable Land Near Nairobi CBD
Kangundo Road and Kitengela are among the most popular regions to invest on land
Demand for land as a real estate investment continues to rise in satellite towns around Nairobi. Over the last few years, this rise can be attributed to increased infrastructural development by both the county and the national governments.
Generally, if you were to compare the prices of an eighth of an acre across different satellite towns, the prices would vary depending on where the land is located, availability or different social amenities and how far the land is from the tarmac.
In a number of these towns, completed and ongoing construction of bypasses and link roads continue to decrease congestion, thus lowering the commute time to and from the Nairobi CBD. This makes the majority of the towns more attractive for those looking to build residential homes and those seeking land investments.
Here are the five best places to buy affordable land near Nairobi CBD:
- Kamulu
Kamulu is a satellite town along Kangundo road located less than 30 km from Nairobi CBD. The town is in Nairobi County with access to a number of amenities such as hospitals, schools, tarmac roads, churches, mosques, supermarkets, etc. Land in Kamulu is affordable with a high appreciation rate of over 20% annually.
fanaka real estate ltd sells 50×100 plots in Kamulu town near the tarmac at an affordable price of Ksh1.1million. These plots are fully serviced, with ready title deeds and fitted with all social amenities. Land prices in Kamulu are set to appreciate much higher due to the ongoing expansion of Kangundo Road to a dual carriage.
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