Runda Mumwe Plot Prices – Sizes, and Everything You Need to Know

Runda Mumwe Plot Prices – Sizes, and Everything You Need to Know

Runda Mumwe is one of the most sought-after and prestigious residential areas in Nairobi, Kenya. Nestled between the affluent neighborhoods of Runda, Gigiri and Muthaiga, Runda Mumwe is a private gated community developed by Home Afrika and offers luxury living just 15 minutes from Nairobi’s CBD.

In this article, we take an in-depth look at everything you need to know about Runda Mumwe plots – from pricing and sizes to amenities, developer information, location, and more. Whether you’re considering purchasing land in Runda Mumwe or just interested in learning about one of Nairobi’s premier development projects, read on for key details.

Overview of Runda Mumwe

Runda Mumwe is located in the greater Runda area, off Kiambu Road between Muthaiga and Ridgeways. It sits on 78 acres of prime land situated close to international schools, shopping malls, restaurants, hospitals and the UN complex.

The project was launched in 2015 by Home Afrika, one of Kenya’s leading real estate developers. It consists of 295 plots set amidst lush greenery, nature trails and recreational parks. Infrastructure like tarmacked roads, water, electricity and security surveillance are already in place.

Runda Mumwe is designed as a low-density, high-end residential community. Homeowners can build customized family homes on spacious plots. An exclusive country club with sports and leisure amenities like swimming pools, gym and tennis courts is also planned within the development.

Runda Mumwe plot sizes

Runda Mumwe offers plots in different sizes to suit varying needs and budgets:

– 1/8 acre (approx. 0.05 hectares or 500 sqm)
– 1/4 acre (approx. 0.1 hectares or 1000 sqm)
– 1/2 acre (approx. 0.2 hectares or 2000 sqm)
– 1 acre (approx. 0.4 hectares or 4000 sqm)

The quarter-acre and half-acre plots are the most popular and commonly available options. The larger one-acre plots are premium offerings suited for people wanting to build expansive family homes and compounds.

1/8 acre plots have mostly sold out, but you may still find a few available on resale. The smaller plot sizes allow buyers on tighter budgets to get a footing in Runda Mumwe.

Runda Mumwe Plot Prices

As a high-end development with luxurious amenities, plot prices at Runda Mumwe are premium. Prices range from KES 20 million for 1/8 acre plots to KES 80 million for 1 acre plots, depending on size and location.

Here is an overview of current Runda Mumwe plot prices as of 2023:

– 1/8 acre – KES 20M to 25M
– 1/4 acre – KES 35M to 45M
– 1/2 acre – KES 50M to 65M
– 1 acre – KES 70M to 80M

Plot prices have steadily appreciated over the years, rising by 100-150% from initial launch prices. Demand remains strong as Runda Mumwe is one of the most prestigious upcoming developments in Kenya with a prime location.

Prices also depend on the specific location and positioning of the plot within the community. Corner plots and plots closer to amenities like the country club or main gate tend to command higher prices.

It’s important to note that the quoted prices are just for the land. Home construction costs are extra as per your custom home design.

Runda Mumwe plot amenities

What makes Runda Mumwe so attractive to high-end home buyers is the exclusive lifestyle amenities and facilities. Key amenities include:

– 24/7 manned security and CCTV surveillance

– Tarmacked roads, footpaths and covered drainage

– Green parks and nature trails

– Country club with gym, swimming pools, sports facilities

– Clubhouse, multi-purpose hall and recreation center

– Convenience shopping center

– Adequate water and sewerage infrastructure

– Street lighting and underground power supply

– High-speed fiber optic cabling

– Children’s play areas and jungle gym

– Perimeter wall with electric fencing

The country club is under construction but will offer exceptional leisure and sports amenities exclusive to Runda Mumwe residents and their guests. With a central park and community feel, the development is ideal for family living.

Runda Mumwe plot developers  – Home Afrika

Runda Mumwe is being developed by Home Afrika Communities Ltd, part of the Home Afrika group. Home Afrika is one of the leading real estate developers in Kenya with a strong track record of premium residential and commercial projects.

Other notable projects by Home Afrika include Migaa Golf Estate, Home Afrika Gardens, Amani Ridge the Place and Home Afrika Mall. The company is listed on the Nairobi Securities Exchange and has solid financial backing.

Home Afrika’s brand and reputation for delivering high-quality master-planned communities has helped attract buyers and investment to Runda Mumwe. The project is being undertaken in phases with the final completion expected in the next 3-5 years.

Runda Mumwe plot Location and Accessibility

A major attraction of Runda Mumwe is its prime location in the heart of Runda, one of Nairobi’s most exclusive suburbs. It enjoys easy accessibility to the city center, Westlands, UN complex, international schools, shopping malls and restaurants.

Key highlights about Runda Mumwe’s location:

– Located off Kiambu Road between Muthaiga and Ridgeways
– 10km from Nairobi CBD, 15-20 minute drive
– 5km from Westlands hub
– Close to Village Market, Rosslyn Riviera, Thika Road Mall
– Nearby international schools like GEMS, IB, Brookhouse, Braeburn
– Quick access to Limuru Road and Northern Bypass
– Close proximity to Karura Forest, Arboretum parks

The development enjoys serene, leafy surroundings while still ensuring convenience to amenities, job centers and leisure spots around Nairobi.

Who is Buying Plots at Runda Mumwe?

Runda Mumwe appeals to high-net-worth individuals, expatriate families, business executives and investors seeking an exclusive residential address in Nairobi.

Given the premium pricing, the development predominantly targets Kenya’s elite market segment. Typical buyers include:

– Successful business owners
– Senior corporate executives
– Diplomats and expatriates
– Overseas investors and diaspora Kenyans
– High-earning professionals
– Established families looking to upgrade

The luxurious development with full amenities is ideal for those prioritizing a convenient, safe and prestigious community to call home in Nairobi.

Many buyers are investing at Runda Mumwe to construct their dream home within a master-planned neighborhood or to benefit from expected capital appreciation over the long-term.

Why Invest in a Runda Mumwe Plot?

Purchasing land at Runda Mumwe represents an attractive opportunity, both for building a home and as an investment:

Prime Runda location – Owning a piece of one of Nairobi’s most coveted addresses.

Excellent amenities – Access to exclusive lifestyle facilities and security.

Ideal for custom homes – Build your family home on spacious plots.

Strong capital growth – Significant price appreciation expected due to demand.

Developer reputation – Backed by trusted developer Home Afrika.

Lease rental income – Plots can generate rental income if not constructing immediately.

Living in Runda Mumwe provides the prestige of belonging to an elite community with like-minded neighbors and a high standard of living. As Runda continues to be preferred by wealthy Kenyans, the development offers long-term prospects for buyers.

Frequently asked questions about plots for sale in Runda Mumwe

What sizes of plots are available for sale at Runda Mumwe? 

Runda Mumwe offers plots in different sizes – 1/8 acre, 1/4 acre, 1/2 acre and 1 acre plots. The quarter-acre and half-acre sizes are the most popular and commonly available.

What are current Runda Mumwe plot prices? 

Plot prices at Runda Mumwe range from KES 20M for 1/8 acre to KES 80M for a 1 acre plot. Prices depend on size, location and positioning. Quarter-acre plots cost KES 35M-45M while half-acre plots are KES 50M-65M currently.

Where can I find Runda Mumwe plots for sale? 

The best places to find Runda Mumwe plots for sale are directly via the developer Home Afrika, on property listing sites like Property24 Kenya, and through real estate agents familiar with the development.

 Where is Runda Mumwe located in Nairobi?

Runda Mumwe is located off Kiambu Road in between Muthaiga and Ridgeways in the greater Runda area, about 10km from Nairobi CBD.

What amenities are offered at Runda Mumwe? 

Amenities include security, tarmacked roads, a country club, gym, pools, play areas, convenience shop, ample water/power infrastructure, and more.

 Who are the developers behind Runda Mumwe?

Runda Mumwe is being developed by Home Afrika Communities Ltd, part of the Home Afrika group, a leading real estate developer in Kenya.

What are people saying in Runda Mumwe plot reviews?

Reviews praise Runda Mumwe’s location, amenities, developer reputation and potential for home building and capital appreciation. Some concerns raised are the high prices and completion timelines.

How does the process work for buying a plot in Runda Mumwe? 

The process involves selecting a plot, sale agreement signing, processing payments per the payment plan, handle transfers and recevining title deed. Lawyer input ensures proper documentation.

 What are the pros and cons of investing in Runda Mumwe plots? 

Pros include prime location, luxury amenities, reputed developer, capital growth. Cons are high prices, partial completeness, lack of resale data so far.

 What financing options are available for Runda Mumwe plots?

Financing can be obtained via banks, mortgage finance companies and SACCOs. Home Afrika also offers internal flexible payment plans up to 24 months.

What are the closing costs for buying a Runda Mumwe plot?

Closing costs include legal fees (~1-2% of purchase price), title search, stamp duty (~4% of price), and title transfer charges which total around KES 500,000-700,000.

What are the taxes and fees payable on Runda Mumwe plots?

Applicable taxes and fees include capital gains tax if reselling, annual land rates, property management fees, country club membership fees, etc.

What legal requirements are there for purchasing Runda Mumwe plots?

The key requirements are sale agreements, ID copies, KRA PIN, title searches, stamp duty payments and title transfers to ensure proper ownership.

 What is the resale value outlook for Runda Mumwe plots? 

Strong capital appreciation of 100-150% from initial purchase prices is expected as demand remains high in the prime Runda area.

What are the current property market trends for Runda Mumwe?

Demand and activity remains strong with rising prices. Completion timelines are slower than expected. Overall a promising luxury development in a high-growth Nairobi region.

 What is the future outlook for investing in Runda Mumwe plots?

The long-term outlook remains positive as Runda consolidates as a preferred residential area for high-net-worth Kenyans and expatriate families seeking security, amenities and convenience.

What risks does Runda Mumwe present for investors? 

Key risks are timeline uncertainties, lack of development track record so far, potential oversupply at the luxury end, and post-completion dependencies on management.

What opportunities does Runda Mumwe present for investors? 

Opportunities include capital gains from price appreciation, rental income potential, pride of owning in an exclusive address, and benefitting from Runda’s strong growth.

Conclusion

Runda Mumwe offers investors, families and developers a chance to be part of an exclusive residential community within a prime location. The combination of luxury amenities, sizes, prices and developer reputation makes it one of Nairobi’s most sought-after upcoming projects.

If you have the budget, Runda Mumwe plots represent an opportunity to secure your own piece of land in Nairobi’s most prestigious suburb. The development offers an aspirational lifestyle as well as strong investment upside. Contact Home Afrika or local real estate agents to learn more and identify available plots that match your requirements.