Industry News
Nairobi’s Most Expensive Home Up for Sale
The property is expected to appeal to high net worth international buyers.
A country house in Karen, an affluent suburb of Nairobi, is set to become the most expensive property ever sold in Kenya after it went on the market for a staggering Sh565 million.
Sitting on 10 acres on Kikenni Road, in Langata Mukoma Estate, the 6-bedroom Hogmead residence boasts an impressive front hall with a sweeping staircase, six large ensuite bathrooms, an outside sitting room, a fireplace, a bar, and six garden staff rooms.
If the sale goes through, the house, which is listed on Knight Frank’s website, will net Sh23 million for the Kenya Revenue Authority in the form of stamp duty.
Ben Woodhams, managing director of Knight Frank said: “It is a big property, the quality is very high-end and it overlooks the Giraffe Sanctuary.”
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The property is expected to appeal to high-net-worth international buyers with pockets deep enough to get a foothold in one of Nairobi’s most exclusive suburbs.
Previous owners of the Hogmead, — Andy and Caragh Roberts; and Fuzz and Bimbi Dyer – had converted the house into a 12-room hotel whose main room cost Sh42,000 a night.
Market watchers suggest that the unique sale may have been prompted by the massive decline in tourism in the wake of rising insecurity and terrorist attacks in the country.