Part with Sh407,272 per month and get a three floored house that has four en suite bedrooms, a massive living room and the prettiest kitchen you’ll probably ever see in your life among other outstanding features/CFM BUSINESS
Located in Runda Palms, Kiambu Road, the residence is part of the 14-houses in a new gated community dubbed Hidden Creek.
What you get:
The living rooms for starters are spacious and offer a lot of promise for future occupants. Cream walls standing on greyish floors and big sized windows meet your eye. A fireplace sits at the corner of the living room with a picture placed nearby, making it an ideal room for family time.
On its own, the kitchen is bound to be your favourite room in all the houses. As the hub of all homes, the kitchens in the all the 14 houses are modern, practical and elegant at the same time. They include a built-in pantry, have both open and closed shelves and embrace open space and simplicity all at once.
You can also easily notice the tiled kitchen floors that seem durable and easy to clean. The kitchen cabinets are smooth, sleek and can host as much cutlery and utensils as one can dare to have.
The bathrooms are equally glorious. They have a tub and a shower cubicle to suit the owner’s mood of the day. They are also highly efficient. From proper lighting, smaller textured tiles on the floor and thought out plumbing, anyone is bound to love the bathrooms in the houses. They also come with cabinets that could be used to store medicine and other key bathroom essentials.
Outside the bathroom and neighbouring the master bedroom is a walk-in closet. It contains a mega-sized wardrobe, several separate drawers and a shoe rack.
The master bedroom is probably the best part of the house. It contains large windows that allow natural lighting in, and offers a great view of outside. The bedrooms also have textured walls that come in spectacular colour combinations to spice up the bedroom from the usual.
The entire house contains four en-suite bedrooms, a kitchen and a living room and a dining room spread across three floors including a basement. It also has a domestic squatter room attached to the house, a laundry room and two gazeboes. The houses range from 400 square metres to 480 square metre. Outside lies a spacious garage fit for about two vehicles, a shared jogging track and evergreen grass ideal for outdoor activities.
The gated community is housed in a three acre piece of land.
The Project:
Owned by five individuals from five families, and represented by five directors, the project came to be by coincidence.
“Each of us owned a piece of land on the Runda Palms property. We individually wanted to do something with the property. But after consultative meetings and having seen a similar model elsewhere, we decided to join hands and start the Hidden Creek gated community project as a team,” explained James Wachira, Hidden Creek’s Chairman.
Their choice of constructing a gated community was informed by the fact that there were no houses of that kind along the Kiambu Road area. They therefore saw the opportunity brought by the several embassies and international organizations that needed to have their staff housed in high-end homes.
Undertaking the project went smoothly because one of the directors is a practicing contractor while his wife is a gifted interior designer.
It however was not as easy as it was on paper. For starters, they required a huge amount of funds as such a project would be costly.
Second, bring together all these minds and agreeing on the design and how to undertake the project was an issue.
“Luckily, one of the directors had dealt with Kenya Women Finance Trust who loaned us about Sh350million, returnable in eight to 10 years. Additionally, we delegated wisely, which sort out the initial time taken to agree on the planning.”
Wachira goes on to explain that taking the loan was a huge necessity as with the kind of houses they wanted to establish, doing it without external funding would have been almost impossible.
Of the 14 houses, one director has six houses as he had two plots on the property, another has three houses, another has two, another with two and the last one had one house.
Hence to the house’s monthly rent will cost between US$4,000 equivalent to Sh407, 272. Although the houses are rentals in nature, Wachira said that the selling price is between Sh65 million and Sh70 million.
“We know that these houses are not available to the everyday Kenyan. Our target market therefore is UN staff workers, embassies’ staff members, dignitaries and anyone looking to live in such a spacious house,” Wachira explained.
KWFT’s Operations Director Antony Chege said that the bank was more than willing to fund the project due to its viability. He added that although the return would not be immediate, the Hidden Creek project was good enough to put their money in, making it one of the banks top projects of their last financial year.
“We are therefore asking prospective borrowers to not be scared of borrowing from us as we are ready to support all sorts of businesses,” he said.
Going forward from the Hidden Creek project, the five directors stated that they are looking forward to venture into other projects as a group. Asked on their secret of maintaining the harmony during the undertaking of the project, Wachira said that respecting other people’s opinion, communicating amicably and understanding all the parties was key.
