2 bedroom Rental units for sale in Namugongo Wakiso Uganda, code: 179724
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This property presents an amazing opportunity for investors looking to capitalize on rental income. Located in Sonde, Namugongo road, wakiso district, this property comprises of 5 rental units on a private Mailo land title of 14 decimals. Each of the 5 units has a sitting room, 2 bedrooms, bathroom/toilet, and kitchen/ store.
These rental units are situated in a very convenient location and are easily accessible by roads throughout sonde, making it an ideal investment. The property also boasts a variety of amenities such as a parking lot, a paved compound, a veranda, a balcony, a porch, a perimeter wall, a septic tank, a tv cable, a water tank, ceramic tiles, and bright paints.
The asking price for this property is a very competitive 210,000,000 shillings which promises to generate a total income of 1.8 million shillings. This is an incredibly lucrative deal for anyone looking to invest and earn income from rental units.
This property is a great investment that is sure to yield high returns for anyone looking to maximize their profits.
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🏚️Balcony
📡Cable TV
🔶Ceramic tiles
🚘Lots of parking
🚿Out door shower
💠Paved compound
🏘️Playground
🏚️Porch
🕳️Septic tank
🏞️Specious compound
🚪Store
🏡Veranda
🚧Wall fence
🚰Water tank
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100+ RELATED PROPERTIES
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WHAT DOES THE LAW SAY ABOUT SECURITY DEPOSIT FRÓM THE TENANT.
Renting a property involves various legal aspects to protect both landlords or property managers and tenants. One crucial element is the security deposit, a sum of money paid by the tenant to secure the performance of their obligations during the tenancy. In this blog post, we'll delve into the legalities surrounding tenant security deposits, focusing on the key provisions outlined in The Landlord and Tenant Act 2022.1. Limitations on the Amount of Security Deposit.According to the law, a landlord is permitted to request a security deposit, but with specific limitations. Notably, a landlord cannot demand more than one security deposit, and the amount should not exceed the equivalent of one month's rent or one-twelfth of the annual rent, whichever is less. These restrictions are in place to ensure that tenants are not burdened with excessive upfront costs.2. Terms and Conditions for Withholding the Security Deposit.It is imperative for landlords to communicate the terms and conditions g
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UGANDA'S ONLINE LAND SEARCH PORTAL (UGNLIS): SIMPLIFYING LAND TRANSACTIONS.
The Ministry of Lands, Housing, and Urban Development launched the National Land Information System of Uganda (UgNLIS), a pivotal initiative in the National Development Plan. Since 2010, this system has revolutionized land management through the digitalization of land documents and the implementation of computerized systems.
This online search and verification portal allows you to instantly access information about a land title, including its authenticity and any associated transactions. Whether you are in Uganda or abroad, you can use the portal. You can access the Portal via https://ugnlis.mlhud.go.ug. Overview of the National Land Information System.The Public Portal of the National Land Information System provides users with comprehensive services, including access to information on Titles and Parcels in the National Land Information System Databases and tracking the progress of land transactions submitted to the Land Registry. This initiative is designed to offer instant
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WHAT DOES IT TAKE TO HAVE A SWIMMING POOL AT YOUR HOME?
Imagine stepping into your backyard on a scorching summer day and taking a refreshing dip in your own private oasis – a swimming pool! Having a swimming pool at home is a dream for many, but it's not just about luxury and relaxation. It requires careful planning, preparation, and ongoing maintenance. In this blog, we will explore the essential factors you need to consider to turn your dream of having a swimming pool at home into a reality.
1. Space and Layout
The first step towards having a swimming pool at home is determining the available space and layout. The size and shape of the pool depend on your yard's dimensions and the purpose of the pool – whether it's for family recreation, exercise, or aesthetic enhancement. Additionally, you must consider the local building codes and regulations related to pool construction and safety.
2. Budgeting
Building a swimming pool involves a significant financial investment. Besides the construction costs, you should also accoun
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THE COMMON TRICKS AND TACTICS THAT TENANTS PLAY.
Being a landlord or property manager can be a challenging job. While many tenants are responsible and respectful, there are always a few who try to take advantage of the system. In this blog, we will explore some of the common tricks tenants play in the rental world. By understanding these tactics, landlords and property managers can be better prepared and equipped to handle such situations.
False References:
One of the tricks some tenants employ is providing false references to create a positive impression during the application process. They may provide the contact information of friends or family members who pretend to be previous landlords, giving glowing recommendations that are entirely fabricated. To counter this, it's essential to verify references by conducting thorough background checks and speaking directly with past landlords.
Subletting without Consent:
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MORNING MARKET BRIEF - SATURDAY, DECEMBER 28, 2024
Introduction: Welcome to the Daily Morning Market Brief, your daily guide to the pulse of the Uganda's real estate market. Never begin your day without reading or listening to a Daily Morning Brief, Situation Report, Market Overview, or Status Report from the Real Estate Database (RED), or you risk missing crucial insights into the local real estate market. Overview: Uganda's real estate market is currently experiencing a period of steady growth. Properties in prime locations like Kampala, Entebbe, and Jinja are seeing an increase in demand. The market is driven by both local and foreign investors, attracted by the country's stable economy and growing population.Snapshot: Rental properties in urban areas like Kampala and Mbarara are in high demand. With the increasing urbanization, the need for both residential and commercial properties is on the rise. Update: New areas are emerging as real estate hotspots. Areas like Kira, Mukono, and Gulu are witnessing considerable development, sugg
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I WOULD LIKE TO JOIN REAL ESTATE, WHÈRE DO I START?
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Whether you're interested in buying and selling properties, managing rentals, or investing in developments, there’s a specific niche that suits your interests. This guide is designed to help you navigate and discover the different facets of the real estate world. 1. Real Estate Agency / Brokerage.
Starting as a real estate agent (or broker, or realtor) is one of the most common entry points into the real estate industry, largely due to its low cost of entry and the extensive exposure it offers. As a real estate agent, you will assist clients in buying, selling, or renting properties, earning commission on each successful transaction.To become a real estate agent in Uganda, you typically need to gather properties (commonly known as listings) fo
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SHOWCASING SOLD PROPERTIES ON THE REAL ESTATE DÁTABASE (RED) USING THE SOLD OUT FLYER.
Closing a real estate deal is always a significant milestone. At the Real Estate Database (RED), we believe in celebrating these successes while ensuring that our listings remain up-to-date and reflective of the current market. If you've successfully closed a deal for a property on RED, it’s essential to follow the correct procedure to showcase your accomplishment using an in built flyer and keep our platform streamlined for potential buyers. Step-by-Step Guide to Updating Your Listings. Close the Deal.When you finalize a sale, it's crucial to ensure all necessary updates are made to the property listing. This involves not only acknowledging the successful closure but also maintaining accurate records on the RED platform.Update Your ListingsAdmin Account.To properly reflect the sale, you must log in to your ListingsAdmin account. Here’s where you can manage your property listings effectively:
Select the Property: Locate the property that has been sold.
Check the “
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HOW TO DETECT OVERPRICED HOMES
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Research the Market: Before you start your home search, it's essential to have a clear understanding of the current market conditions. Look at the prices of similar homes in the same neighborhood, and compare them to the asking price of the home you're interested in. If the asking price is significantly higher than the average price of other homes in the area, it's possible that the home is overpriced.
Check the Home's Features: The price of a home depends on many factors, including its location, size, and features. If the
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HOW TECHNOLOGY IS HELPING US SURVIVE NOW AND THRIVE LATER.
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Virtual Tours and Open Houses
One of the most significant challenges facing the real estate industry during the pandemic has been the inability to hold in-person tours and open houses. However, technology has made it possible to conduct virtual tours and open houses, allowing buyers to view properties from the safety of their own homes.
Virtual tours and open houses have become increasingly popular, and they provide a convenient and efficient way for buyers to view properties without having to leave thei
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ENTER YOUR DETAILS BELOW AND SPARTA WILL CALL YOU BACK REGARDING THE PROPERTY WITH CODE# 179724
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INSTALLMENT PAYMENT INQUIRY FORM
Please fill out the inquiry form below with all required details. You will receive a response from Goldmine Finance within 48 hours, advising you on installment payment options for your preferred property based on the information provided.
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