10/06/2026
PROPOSED APARTMENT DEVELOPMENT – PRELIMINARY FEASIBILITY & RENTAL PROJECTIONS
Based on the architectural renders provided, this appears to be a modern mid-rise apartment block with approximately 4 floors (Ground + 3 Upper Floors) featuring spacious units, balconies, rooftop amenities, and a contemporary façade.
1. Estimated Land Size Required
100X100 SqFt. To comfortably accommodate the building, parking, landscaping, access roads, and setbacks
2. Estimated Number of Units
From the renders, the building could comfortably accommodate:
* 4 Units per Floor
* 4 Floors
* Total: Approximately 16 Apartments
Alternatively:
* 3 Units per Floor
* Total: 12 Luxury Apartments
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3. Suggested Unit Mix
Option A – Premium Family Apartments
* 16 × 3 Bedroom Units
* Approx. 140–170 sqm each
Option B – Mixed Development
* 8 × 2 Bedroom Units
* 8 × 3 Bedroom Units
This generally appeals to a wider tenant market.
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4. Rental Projections (Kenya Urban Market)
Depending on location:
Location
2 Bedroom
3 Bedroom
Kiambu
KSh 45,000–70,000
KSh 65,000–100,000
Thika Road Corridor
KSh 55,000–80,000
KSh 80,000–120,000
Westlands/Kilimani
KSh 90,000–150,000
KSh 130,000–250,000
Ruaka/Ruiru
KSh 40,000–65,000
KSh 60,000–90,000
5. Projected Monthly Income
If configured as 16 Three-Bedroom Units:
Average Rent
Monthly Income
KSh 70,000
KSh 1,120,000
KSh 85,000
KSh 1,360,000
KSh 100,000
KSh 1,600,000
6. Projected Annual Gross Rental Income
* Conservative: KSh 13.44 Million
* Moderate: KSh 16.32 Million
* Premium: KSh 19.20 Million
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7. Approximate Construction Cost (2026 Estimate)
For a development of this standard:
* Built-up area: 2,400–3,000 sqm
* Construction cost: KSh 55,000–75,000 per sqm
Estimated total development cost:
* KSh 132 Million – KSh 225 Million, excluding land, professional fees, financing costs, and statutory approvals.
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8. Investment Outlook
If built in a high-demand location with quality finishes and professional management, this development could generate:
* Gross monthly rental income: KSh 1.1M – 1.6M
* Gross annual rental income: KSh 13M – 19M
* Strong long-term capital appreciation due to its modern design and premium positioning.
At Halifax Construction, we don’t just design and build exceptional developments—we also make them achievable by offering up to 100% construction financing for qualifying projects.
If you’ve been waiting for the right time to invest in real estate, this could be your opportunity.
📞 Talk to us today: 0723004466
