Kangundo Road Plots: Many people get surprised by the practical applications of raw land, but there is a vast world of opportunity out there for those seeking to become landowners.
This post covers some of the simplest and most common ways to put raw land into profitable use. This will help you understand how versatile and profitable it can be and spark interest in the various ways that land can be used.
Buying land for speculation is one of the simplest things you can do with a one-eighth acre (50×100) plot. For example, the value of Kangundo Road property has increased over the years. Many investors have reaped the huge returns but are now on track to double their money.
The rise in migration of Nairobi residents to Joska, Kamulu and Malaa has also been on a high making the area appreciate at a rate of 20% per annum. A good example is a 50×100 plot in Malaa in 2019 was going for Ksh899,000 while in 2021 the same plot is fetching for Ksh1,400,000. The rates are bound to keep increasing.
Land is one of the biggest challenges facing farmers in Africa and Kenya. However, if you have 1/8th acre piece of land, there are various types of small-scale farming that you can do. Examples include:
- Mushroom farming: They do not require a huge area of land. Since button mushrooms do not grow tall, they can be cultivated on an 1/8th acre. It is enough to set up an incubation house. Having 600 bags in one cropping room, you can get close to one tonne of button mushrooms averaging ksh600/kg translating to a total of ksh700,000. Mushrooms can be supplied to supermarkets, hotels, households and can also be imported.
- Green chili and capsicum farming- Chilies and capsicum grow best in warm and humid conditions. The area should receive about 6-8 hours of sunlight. They do not require as much water as other plants. It takes the seeds 2 to 4 months to grow and produce fruit. An 1/8th acre plot can produce at least 150kg per produce selling for ksh 50/= per kg.
Poultry involves keeping of chicken, which can be indigenous (Kienyeji), layers, or broilers. Improved indigenous breeds are also available. In Kenya, chicken eggs are consumed more than meat. The appropriate structures can fit in a 1/8th acre and yield good profit. The market price for the indigenous (Kienyeji) chicken is around Ksh1,000 and Ksh500 for the broiler chicken depending on the size of the bird.
BOREHOLE WATER SUPPLY
Most developers in Kenya have been forced to rely on ground water to attract investors due to the non-availability of water in their areas. This has led to increased ground water exploitation. The cost of drilling a borehole ranges from Ksh1.2 million to Ksh3 million depending on the complexity of the work and the location of the drilling company.
On Kangundo road, borehole water is necessary and most common because clean water is not available. This makes it a good business venture to drill an industrial borehole and supply within the area.
The biggest advantage of owning a rental home is that you will receive a monthly income stream from the rental property. Furthermore, as the owner of the property, you will benefit from an increase in the property value over time as a result of changing market demands in the area, even if the property itself does not change.
Sweat equity is likely to add additional value to the property as you maintain and upgrade it. Not only will this allow you to charge more for rent, it will also increase the value of the property itself, especially on Kangundo Road where demand is growing.