Investment Property in Thika

Investment Real Estate in Thika

Investment Property in Thika
Investment Property in Thika

Thika property investment can be a worthwhile venture if you are selective with the areas you choose to invest in. If not, you could find that your investment suffers due to low rental yields, dwindling demand, and slow property price growth in many parts of Thika .

Get Our Latest List of Investment Property in Thika

Search Map of Thika Investment Real Estate

Thika (pronounced [ˈθika]) is an industrial town and a major commerce hub in Kiambu County, Kenya, lying on the A2 road 42 kilometres (26 mi), Northeast of Nairobi, near the confluence of the Thika and Chania Rivers. Although Thika town is administratively in Kiambu County, the greater Thika area comprising such residential areas such as Bendor estate, Maporomoko, Thika Greens, Thika Golden Pearl, Bahati Ridge, Thika Sports Club, among others, are within Murang’a County. Thika has a population of 279,429 (as of the 2019 National Census) which is growing rapidly, as is the entire greater Nairobi area. Its elevation is approximately 1,631 metres (5,351 ft).

Thika is home to the Chania Falls, Fourteen Falls on the Athi River and the Thika Falls. Ol Donyo Sabuk National Park lies to the southeast. The town has a railway station with limited passenger service as only cargo trains operate, although there are plans to extend the proposed light rail system to Thika.

The town was the headquarters of Thika West district following the split of the larger Thika district (created in 1994) into five districts: Thika East and Thika West, Ruiru, Gatundu and Gatanga. It was the seat of the South Central regional commissioner (deputy Provincial Commissioner) for Central Province appointed by then president Mwai Kibaki in 2009 who was in charge of the larger Kiambu, Thika and Murang’a districts. However, under Kenya’s new constitution, which recognizes only the 47 districts in existence before 1992 as semi-autonomous counties, Thika town falls under Kiambu County while some residential areas of Thika are in Murang’a county. Although Kiambu Town is expected to be the new county headquarters, Thika Town remains as the main commercial center as well as the seat of the Thika Sub-county of the Kiambu County. It is the sixth most developed urban centre in Kenya.

The Flame Trees of Thika (Memories of an African Childhood) is a book by Elspeth Huxley, later adapted for television by Euston Films for Thames Television. It describes the life of English settlers in the “White Highlands” in Edwardian times.

Get Our Latest List of Investment Property in Thika

The financial stability of Thika has translated into a real estate market that rewards forward planning and a willingness to look beyond areas of traditional affluence.

Buy to Rent in Thika

Renting out your Thika buy-to-rent investment property can grow wealth and income.

Whatever your goals with investment property in Thika are – preparation is key.

  • Set goals based on how much rental yield will be required and the local rental yield rates in Thika and be prepared to change your initial outlook.
  • Thoroughly research the Thika location with a special emphasis on fringe areas outside the main Thika metropolis that may be valued lower than their better-known neighbors. Rental yields of around 5% are still attainable in certain areas of Thika.
  • Ensure that your target investment property in Thika appeals to professionals. This is a demographic that ensures maximum income and low voids.
  • Finding and vetting suitable tenants is a job ideally left to the professionals. Working with an established letting agent such as Physis Realty with local knowledge and experience of property legislation will give you the best chance of success.
  • You may think that managing your Thika properties yourself is an easy option, but are these savings justifiable when you run into Thika red tape? Physis Realty Thika office in downtown provides you with peace-of-mind and leaves you time to plan your next move in the growing Thika buy-to-rent sector.

With our expert guidance, investing in Thika provides the secure knowledge that your money is working harder than it would in a local Thika bank and that future generations of your family will be left with substantial capital growth assets.

We are always happy to advise on buying investment property in Thika, where we have been established for over 35+ years. Physis Realty has been a firm fixture in the Thika property market through good times and bad. Our experts have seen it all and our portfolios continue to outperform.

Flipping Investment Property in Thika

Flipping property in Thika

Flipping property is when we advise clients to buy a Thika property below market value, renovate it and then make a profit by selling it at a higher price, all within a few months, and often before the Thika market has a time to react to the renovation.

The Flipping Strategy in Thika

Investment property flipping in Thika is a simple strategy. You find a property that is in need of renovation from our list and purchase it for a low price. These type of Thika real estate investments are sometimes referred to by professionals as ‘distressed’ Thika real estate.

What is distressed Thika property:

  • Thika property in need of renovation
  • Thika real estate with a change of purpose and use
  • Oversold Thika property
  • Bank repossessions in Thika

Put simply, long term investors in Thika purchase the property, renovate it and make it a lot more attractive to potential buyers.

Calculate profit that you make from Thika investment property flipping:

Final Selling Price less Cost of Purchase less Costs = Profit

Here is an example:

Thika property purchase price: $220,000

Renovation costs: $20,000

Other costs: $25,000

Property sale price: $400,000

Profit: $135,000

Experienced property developers in Thika use a minimum profit value of 22% when looking at potential Thika projects. The reason for this is because there are lots that can go wrong in Thika property flipping and working on a potential margin of 22% should still leave a good margin of error.

Luxury Property in Thika

For luxury property investors hoping to add a superb property in Thika to their luxury real estate investment portfolio, Physis Realty is a trusted partner.

Click Here for the Physis Realty Facebook Page

A world leader in luxury real estate with a portfolio comprising some of the most sought-after real estate in Thika, Physis Realty caters particularly to high net-worth individuals and families. A luxury real estate investment in Thika should be entrusted to only the highest-quality agency.

Get Our Latest List of Investment Property in Thika

Compare listings

Compare