Johari apartments is an iconic structure located along Chania Avenue, Hurlingham just stone’s throw away from Yaya center. It’s in close proximity to educational institutes, shopping destinations, and better connectivity. Other features • Constant fresh water supply and solar water heater. • Play area, parking space for 2 cars with extra parking space for visitors. • High-speed elevator. • Perimeter wall surrounding the compound. • State of the art swimming pool and gymnasium on the terrace. • Access to the area by public means. • 24-hour security. • Backup generator. • A clean compound. Call: 0787017149 Analysis According to the latest residential index, apartment prices grew 4.3% Kilimani and 5.8% in Upper Hill over the past year 1 year, suggesting a price growth of about 5% on average for the area. In essence, an investor who bought this property for KSh. 21M would end up with a property valued at KSh. 22.05M. Going rents for similar properties in Hurlingham are currently at about KSh. 150,000 to be conservative. This implies a rental yield of 8.4% in addition to capital appreciation. In total that would be a gain in the region of of 5.7%. High end residential markets are currently constrained but apartments are seeing steady growth, not a bad investment moving forward.
