| Name | Distance from tarmac | Unit type | Rent | area.m2 | rent/area | Occupancy rate % | Remarks | ||||
|
1 |
Greater Nile |
120 |
1 bdm |
8000 |
20 |
400 |
|||||
|
2 |
http://goo.gl/maps/5sUKi |
120 |
2bdm |
15000 |
60 |
250 |
80 |
Design has good lighting, ventilation. Low cost finishes.Parking | |||
|
3 |
http://goo.gl/maps/LbUos |
300 |
2bd, 3 bd |
17000 |
60 |
283.3333 |
90 |
Good light, vetnilation, parking, middle cost finishes. | |||
|
4 |
http://goo.gl/maps/rNeQm |
300 |
2bd |
12000 |
50 |
240 |
80 |
Good light, ventulation, middle cost finishes, parking | |||
|
5 |
http://goo.gl/maps/XlyQU |
350 |
2 bdm |
15800 |
70 |
225.7143 |
70 |
Poor light, ventilation, minimum parking | |||
| 1bd |
10800 |
40 |
270 |
80 |
|||||||
| bedsitter |
7000 |
20 |
350 |
100 |
|||||||
|
6 |
http://goo.gl/maps/9zjtA |
450 |
2 bd |
14000 |
60 |
233.3333 |
80 |
good light, ventilation, parking | |||
|
7 |
http://goo.gl/maps/kWo0l |
130 |
2bd |
15000 |
60 |
250 |
100 |
good light, ventilation, parking, high cost finishes. | |||
| 1bd |
10000 |
30 |
333.3333 |
100 |
|||||||
| bedsitter |
7000 |
20 |
350 |
100 |
|||||||
| Analysis. | |||||||||||
| Apartments that have poor light, ventilation and no parking have the lowest occupation rate. In one apartment, we found that a 1 and 2 bdmed unit have been unoccupied for the last 3 years. | |||||||||||
| Apartments with good design, good finishes and ample parking had the highest occupancy rates. There were no vacant houses . | |||||||||||
| The proposed design has the best cost per rent, at kes 400 per m2, compared to the others. | |||||||||||
| The closest to match the proposed profitability are the bedsitters renting at kes 7,000, with kes 350 per m2. | |||||||||||
| The proposed design is an improvement of a bedsitter since the bedspace will be private from the living area, hence justifying kes 8000 rent. | |||||||||||
| 1 bedroomed units also have good returns at kes 333 per m2. | |||||||||||
| The 2 dedroomed units have been consructed too many, hence stiff competition, resulting in lower rental prices, hence less profitable. | |||||||||||
| Most 2 bedroomed units had an average of 80% occupancy with low rents . | |||||||||||
| Most bedsitters had 100% occupancy. | |||||||||||
| http://classifieds.capitalfm.co.ke/property/residential-property-to-rent/flats-appartments-to-rent/africa/ke/nairobi/nairobi/bedsitter-to-let-rongai-211721.html | |||||||||||
| The above bedsitter is renting for kes 8000 and is 200m form tarmac and has 100% ocupancy rate. | |||||||||||
| http://www.buyrentkenya.com/bedsitter-to-let-tumaini-flats-for-rent-in-nairobi-ongata-rongai-8000-kshs-in-kenya-2013~adv3989.htm | |||||||||||
| The above link shows bedsitters being rented out for kes 8000. The bedsitters are currently at 100% occupancy and the rate has since been hiked upwards to kes 9,000 | |||||||||||
| http://www.wanasoko.com/post.php?postid=71474 | |||||||||||
| The above link shows somenone looking to rent a bedsitter in Rongai, showing the high demand and low supply of the same. | |||||||||||
| From the above, we can observe that bedsitter rents are rising while 2 bedroomed rents are going lower. Bedsitter rents give the best return . | |||||||||||
|
14166.67 |
|||||||||||
Francis Gichuhi Kamau, Architect.
info@a4architect.com
Leave a Reply