Three Heights

  • Status: Construction
  • People Housed: 180
  • Country: Kenya
  • City: Nairobi
  • Partner: NACHU
  • Year Approved: 2016
Total Invested
KES 142,011,777
Average Sales Price
KES 1,824,652
Total Invested
$1,313,197
Average Sales Price
$19,205
Delivery of Homes
Total Expected
Completed
Basic
282
102
Cross Subsidy
22
2
Project Overview

Three Heights is the second phase of the site development for the Kangundo Road project. This phase is developed on a five acre of land, with residents coming from over 25 different housing cooperatives. All the houses are built on a plot size of 27 square metres, and equipped with water, sanitation and energy. All clients benefitting from the project were advanced with micro-mortgage loans by NACHU, to be paid back over 5 or 10 years.

104
Homes Completed
71 Homes Sold
36
Homes Occupied
104
Connected to Water and Sanitation
2
Nearest Employment Area
3
Nearest Health Centre
2
Nearest Primary School
2
Nearest Bus Stop
2
Nearest Market
2
Nearest Secondary School

Client Data

Displayed In
Client Monthly Household Incomes

Clients estimated to sit between 51st and 60th percentiles of incomes in Nairobi

Mean
82,000 KES
758 USD
40th percentile at year of occupancy KES 63,344
40th percentile at year of occupancy $586
Household Demographic Data
Household Size
5.00
Proportion Female
55.0
Proportion Children
48.0
Housing Information
Description Type Number Expected Number Completed Unit Size (m2) Sales Price
(Local Currency)
Monthly Cost
(Local Currency)
Loan Length (months)
2 rooms & wetcore, 27m2, 126m2 plot Basic 148 52 27 1684000 31347 60
3 rooms & wetcore, 37m2, 126m2 plot Basic 134 50 37 1980000 36857 60
4 rooms & wetcore, 51m2, 126m2 plot Cross Sub 22 2 51 - 44717 120
Finance Description Finance Source Deposit Interest Rate (%)
2 rooms & wetcore, 27m2, 126m2 plot NACHU 336,800 14.0
3 rooms & wetcore, 37m2, 126m2 plot NACHU 396,000 14.0
4 rooms & wetcore, 51m2, 126m2 plot NACHU 720,000 14.0

Project Finances

Displayed In

Investments — Reall to Affordable Housing Partners

Total Project Investments
KES 142,011,777
$ 1,313,197
Loans
KES 142,011,777
$ 1,313,197

Of KES 142,011,777 total investments, KES 72,764,863 was recycled funds from previous project payments

Of $1,313,197 total investments, $672,864 was recycled funds from previous project payments

Based on exchange rate on 31/12/2020

Funds Lent by Partners to Households
Funds Lent by Partners to Households
KES 49,206,000
$ 455,013
Funds Repaid by Households to Partner (to date)
Funds Repaid by Households to Partner (to date)
KES 19,654,477
$ 181,747

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Data last updated on 10/03/2021