West of the centre
Parklands
Family apartments around the schools, the temples and the General Mathenge corridor.
Parklands is one of the neighbourhoods SXERP works most carefully. Demand is local and specific: three bedrooms, a DSQ, parking that is actually a bay, and a building that is looked after. It is not a speculative studio market. Buyers compare Wambugu, Pramukh Shah and the streets off General Mathenge street by street.
- Sale asks
- Finished three-bedroom apartments commonly in the mid-twenties to mid-thirties of millions, depending on size and floor.
- Rents
- Family units often let from about KSh 150,000, with better stock above that.
- How to read the yield
- Price the service charge and the bay before you price the view.