For many Kenyans, property investment in areas close to Nairobi CBD guarantees return on investments with easy to urban lifestyle. Areas such as Ngong, Juja, Athi River, Kangundo Road have presented the opportunity to invest affordably in satellite towns with prices below Ksh 1M.
Amongst the mentioned areas, Ngong stands out as an area offering affordable land with a much higher return on investment. The area has a faster appreciation rate as compared to other top selling towns. This is mainly because
- Proximity to Nairobi CBD
To begin with, Ngong town is approximately 25 kilometers from Nairobi’s CBD. This proximity to the City Centre has seen it grow rapidly over the last few years leading to appreciation of land prices. With the recent expansion of Ngong road from Nairobi CBD to outskirts of Karen, many residents of Ngong Road and Ngong town have been able to access the CBD within the shortest time compared to 5 years ago. The dual carriage road also has the traffic lights installed and bigger roundabout making movements precise and save.
- Affordable plots
Unlike most satellite towns whose plots are overvalued with prices over 1M, prices of property in this satellite town has been fairly valued land with prices as low as Ksh 600,000. This has enabled the low and middle-income earners own prime properties in Ngong at affordable prices.
- Infrastructural growth
Ngong has experienced infrastructural developments in the recent past. These includes; the recently tarmacked Ngong-Ewaso- Kedong – Suswa road, SGR and SGR Station, construction of the Southern bypass which has eased transportation making the area easily accessible from Kikuyu, Ongata Rongai, Magadi and Nairobi. The dual carriage Ngong road ease traffic and spur economic growth in the area making it more prime for real estate investment.
- Residential development by Nairobians
As you travel from Nairobi to and past Ngong town, you will notice ongoing massive construction works. A number of middle-class city dwellers have put up their residential houses around Ngong area and this has further caused a high demand for land, which is a perfect residential and commercial developments.
- Ngong Hills
This is an excellent holiday destination for city dwellers who come hiking away from the city’s noise, pollution and congestion. This has made it ideal to construct a holiday home and holiday facilities in Ngong for local and international tourists thus driving up land prices.
- Availability of key amenities
Lastly, the area enjoys accessibility of building material due to proximity to quarries. This makes it easy to venture into residential or commercial construction. Accessibility of water from underground reservoirs remains an attractive proposition for investors looking to settle in Ngong.
In conclusion, Ngong has been and the area that now has 1/8th acre plots on sale with prices between Ksh 550,000 and Ksh 650,000. If you are looking for a prime property with a high appreciation rate and ready for immediate development, consider Ngong town and its environs.