Prime Location
Lavington is one of the biggest high-end suburbs in Nairobi which is located to the northwest of the city center. It is part of the Kilimani County assembly ward, which is in Dagoretti North Constituency, in Nairobi County. It is closely bordered by Riverside, Kileleshwa and Kilimani estates. It is located 4.7KM from the CBD and 24 KM from the Jomo Kenyatta International airport.
Although this suburb mainly features high end residential gated communities, it also has commercial and business areas, making it an ideal place for those looking for an urban living lifestyle. In the past few years, Lavington has undergone several developments which have led to the emergence of various infrastructures and industries that have greatly improved the social economic aspects of the suburb. Some of these features are covered in this article and are the reasons which make Lavington a great place for real estate investments.
Lavington is a well-established and upscale suburb. It is close to major business districts, shopping centers, and healthcare facilities, making it convenient for both residents and businesses.
High demand for real estate
The demand for quality residential and commercial real estate in Lavington is consistently high due to its reputation as an upscale and exclusive neighborhood. This demand has led to favorable rental yields and property appreciation. At the moment, on average, a 1-bedroom apartment in Lavington goes from KSH.60,000, 2 bedrooms from KES.80,000 and 3 bedrooms from KSH.100,000. The prices are in relation to the size of the apartment, amenities available and how old the apartment is since completion.
Stable property market
In the ever-fluctuating world of real estate, where uncertainty often reigns, Lavington stands tall as a beacon of stability and allure. Nestled in the heart of Nairobi, this neighborhood has carved a niche for itself by showcasing a property market that boasts an enviable track record of capital gain and highest ROI. Lavington has historically demonstrated stability in its property market, which is very appealing to investors seeking a reliable sanctuary offering long term investment reliability, with relatively lower market volatility.
Infrastructure
Lavington is seamlessly connected to major roads such as James Gichuru, Ngong Road, and Argwings Kodhek Road. This positively impacts property values and investment prospects. Its accessibility stands as a cornerstone to its attractiveness. Not only does this the daily commute for residents, but it also adds a layer of convenience that significantly enhances property values. Easy access to transportation routes is a hallmark of regions that experience sustained demand, making it an appealing prospect for investors eyeing a high return on investment (ROI).
Education and healthcare
A neighborhood’s value extends beyond its mere physical boundaries. Lavington shines as a testament to this fact, boasting prestigious schools and world class healthcare facilities within its borders. These institutions not only cater to the fundamental needs of education and health but also underscore the essence of community and family. Families are drawn to areas offering quality education and healthcare options. This consistent demand from families for apartments and homes in Lavington ensures a steady stream of potential buyers and renters, further bolstering the stability of the property market. Some of the prestigious schools in Lavington include the Riara School, Braeside school, Saint Austins Academy, the Grangeville academy and many others. A few of the Health centers include Lavington Paediatrics, AAR Healthcare, Getrude’s Children’s Hospital, Chiromo Hospital Group and St Francis Community Hospital.
Cultural and recreational facilities
Lavington offers a range of cultural and recreational amenities, such as art galleries, restaurants, malls and parks. This adds to the neighborhood’s appeal to residents and potential renters. Some of the shopping malls close to Lavington are the Lavington Mall, Quick Mart Lavington, Junction Mall, Westfield mall, Lavington Curve mall and Yaya Center.
Conclusion
Lavington’s growing real estate market, combined with its various attractions and proximity to hospitals, schools and major roads, makes it an ideal location for property investors. Whether you are looking for a home, or a property to buy and rent out, you can find the perfect investment opportunity in Lavington. Given the demand for housing in the area, you can expect great returns on your investment within the next couple of years.