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Cost of Buying Land in Eldoret, Kenya (Popular Estates/Areas)

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Eldoret town is fast becoming a go-to place when it comes to investments in real estate.

The town is currently the fifth most populated urban area in Kenya, after Nairobi, Mombasa, Nakuru and Ruiru – making it among the top destinations to invest in.

Eldoret town is the capital of Uasin Gishu County and has a lot of room for expansion – another reason you should bring in your investment.

When it comes to the issue of the cost of buying land in Eldoret, there are different things that will determine how much you will need to pay.


Some of the determinants of the cost of land are proximity to a town, how developed the area is, closeness to a major road and anticipated future development in the area.

It is good to note that a majority of parcels of land available for sale in Eldoret town are in the hands of speculators – these are people/companies that buy land when the price is low and look to cash in when the prices go up.

For this reason, prices of land available for sale in Eldoret and its environs do not reflect the current state of the economy as players in the industry don’t apply rules of the market.

So what’s the cost of buying land in residential estates in Eldoret?

Kimumu

This is an estate located along the Eldoret-Iten road. Kimumu is a good area for an individual/company looking to invest in commercial rentals.

An eight (1/8) piece of land in this estate goes for between Ksh1 million and Ksh2.5 million.

Annex

Located along the Eldoret-Nakuru highway, Annex is an estate considered a mature area where you are likely not to get returns on the land you buy here.

A 1/8 plot in this estate will cost you between Ksh1.5 million to Ksh2 million.

Kipkenyo

If you are looking for a place to call home within Eldoret town – then Kipkenyo estate is your best bet.

Land in this estate is relatively cheap compared to other areas as a 1/8 plot goes for between Ksh550,000 to Ksh1 million.

¼ plot will cost you between Ksh800,000 to Ksh1.6 million in Kipkenyo.

Kipkorgot

Located about 7 kilometres from Eldoret CBD, Kipkorgot is ideal for putting up a home although residentials will also work because of the Rift Valley Technical Training Institute (RVTTI) located near it.

A 1/8 is valued at between Ksh1 million to Ksh1.5 million.

Illula

It is an estate that is a bit far from the Eldoret CBD – about 8-12 kilometres. Illula is a sparsely populated area and has attracted the middle class in society.

The area is witnessing developments of late, thanks to the Eldoret-Elgeyo Boarder tarmac road that was constructed about 2 years ago.

1/8 plots in this estate go for between 1 million and Ksh1.8 million.

Kapseret – Airport

Kapseret towards Eldoret international airport is an area that has arguably the most expensive plots – which cannot be justified.

An acre piece of land that touches on the Eldoret-Kapsabet road costs between Ksh10 million to Ksh15 million.


Cheplasgei/Cheptiret

Located along Eldoret-Nakuru highway, pieces of land that are near the tarmac road are valued at around Ksh10 million for an acre.

Land prices in the area among others bordering the ongoing construction of the Eldoret bypass are also liked to rise in the near future.

The 32-kilometre bypass starts at Cheplasgei to Kapseret then ends at Maili Tisa (Leseru).


Elgon View

Elgon View estate is categorized as an area for homeowners and a minimum piece of land you can buy is capped at an acre which goes for Sh15 million – on the lower side.

If you are looking to invest in a plot within the Eldoret CBD, prices would range from Ksh100 million to Ksh150 million for a 50by100 plot with an old structure.

Baoriat Agencies is committed to helping you find the best place for you to settle in Eldoret town. We walk you through the entire process of acquiring your own property in Eldoret until it has been transferred into your hands.

To learn more about buying a property in Eldoret, 

Call 0721-554937

WhatsApp  https://wa.me/0721-554937  

Email evekibet@gmail.com or 

Visit us at  Juma Hajee Building room number 16, Eldoret town 

Follow our Facebook Page Boariat Agencies for the latest deals.

Comments

  1. AnonymousJune 28, 2022 at 11:29 AM

    I need a plot in ngeria junction how much is it

    ReplyDelete
  2. AnonymousNovember 3, 2022 at 6:45 PM

    Hi, I would like land in chepkanga?

    ReplyDelete
  3. Baoriat AgenciesNovember 8, 2022 at 3:24 PM

    Thank you for your time and for visiting our blog, you can reach Us on 0721554937
    we also want to know the size of land you need in Chepkanga and distance of the road of Iten.

    ReplyDelete

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