developers of Greenpark

sales@superiorhomes.co.ke Athi River, Mombasa Road, Nairobi, Kenya
Tel: (254) 020 357 9100 Mob: 0724 253258 0708 195646

  • BOLT

The ‘BOLT’ Concept


BOLT-LOGOSuperior Homes prides itself in rolling out innovative products for Kenya’s growing real estate market.

The ‘BOLT’ model was conceptualized to give prospective home buyers an opportunity to buy a house in Greenpark over long term within 1-3 years with agreed deposit and equal monthly deposits. This concept is unique because you are able to buy your house at a fixed price over the agreed period without having to take up a bank mortgage. It looks to fill the gap for people who either due to nature of business cannot access mortgage loans, people who generally fear taking up loans and Diaspora clients who feel Kenya mortgage rates are high. The target group among others is clients who work on short contracts, business people and even Kenyans in the Diaspora.

Once a client identifies the house type of choice and the purchase price is agreed, they will then pay a deposit and a monthly calculation of the deposits worked out. The client will then select the particular plot 1 year before house completion and it’s expected by completion of the house then the client will pay off the remaining balance. The keys will then be handed over to the client.

Payment Plan over 12 Months

Example:
Current selling price now 13,590,000
Number of months 12
Deposit + top up deposit % 20
Max balloon payment % allowed 20
1yr BOLT Selling Price 14,242,320

 

Deposit On plot reservation 100,000.00 100,000
top up deposit to 10% within month 2 10 1,324,232
top up deposit to 20% within month3 10 1,424,232
installment 1 month 4 949,488
installment 2 month 5 949,488
installment 3 month 6 949,488
installment 4 month 7 949,488
installment 5 month 8 949,488
installment 6 month 9 949,488
installment 7 month 10 949,488
installment 8 month 11 949,488
installment 9 month 12 949,488
Balance Due on completion 2,848,464

 

Payment Plan over 24 Months

Example:
Current selling price now 13,590,000
Number of months 24
Deposit + top up deposit % 20
Max ballon payment % allowed 20
2yrs BOLT Selling Price 14,894,640

 

Deposit On plot reservation 100,000.00 100,000
top up deposit to 10% within month 2 10 1,389,464
top up deposit to 20% within month3 10 1,489,464
installment 1 month 4 425,561
installment 2 month 5 425,561
installment 3 month 6 425,561
installment 4 month 7 425,561
installment 5 month 8 425,561
installment 6 month 9 425,561
installment 7 month 10 425,561
installment 8 month 11 425,561
installment 9 month 12 425,561
installment 10 month 13 425,561
installment 11 month 14 425,561
installment 12 month 15 425,561
installment 13 month 16 425,561
installment 14 month 17 425,561
installment 15 month 18 425,561
installment 16 month 19 425,561
installment 17 month 20 425,561
installment 18 month 21 425,561
installment 19 month 22 425,561
installment 20 month 23 425,561
installment 21 month 24 425,561
Balance Due on completion 2,978,928

 

Payment Plan over 36 Months

Example:
Current selling price now 13,590,000
Number of months 36
Deposit + top up deposit % 20
Max balloon payment % allowed 20
3yrs BOLT Selling Price 15,546,960

 

Deposit On plot reservation 100,000.00 100,000
top up deposit to 10% within month 2 10 1,454,696
top up deposit to 20% within month3 10 1,554,696
installment 1 month 4 282,672
installment 2 month 5 282,672
installment 3 month 6 282,672
installment 4 month 7 282,672
installment 5 month 8 282,672
installment 6 month 9 282,672
installment 7 month 10 282,672
installment 8 month 11 282,672
installment 9 month 12 282,672
installment 10 month 13 282,672
installment 11 month 14 282,672
installment 12 month 15 282,672
installment 13 month 16 282,672
installment 14 month 17 282,672
installment 15 month 18 282,672
installment 16 month 19 282,672
installment 17 month 20 282,672
installment 18 month 21 282,672
installment 19 month 22 282,672
installment 20 month 23 282,672
installment 21 month 24 282,672
installment 22 month 25 282,672
installment 23 month 26 282,672
installment 24 month 27 282,672
installment 25 month 28 282,672
installment 26 month 29 282,672
installment 27 month 30 282,672
installment 28 month 31 282,672
installment 29 month 32 282,672
installment 30 month 33 282,672
installment 31 month 34 282,672
installment 32 month 35 282,672
installment 33 month 36 282,672
Balance Due on completion 3,109,392