Suburban estates
Karen
Large gardens and a market that prices the land and the address more than the rent.
Karen is where Nairobi still sells houses with gardens you can see from the road. Buyers are families, diplomats and owners who want a compound, not a yield. Stock ranges from older bungalows on half an acre to finished contemporary houses well above KSh 100 million. The work is in the title, the beacons and what the outbuildings actually are.
- Sale asks
- Family villas often ask from about KSh 35 million. Finished estates run to KSh 150 million and beyond.
- Rents
- A strong house can let from roughly KSh 200,000 to KSh 700,000 a month.
- How to read the yield
- Gross yields on prime houses are often nearer 4–6%. You are buying scarcity.