When it comes to real estate, one of the most common plot sizes you'll encounter is the 50x100 feet lot, also known as a 12 decimal plot in some regions. This size offers a substantial area for a variety of residential or commercial developments.
But how much does a plot of this size actually cost in different locations? Let’s dive into the specifics and explore the factors that influence the price of a 50x100 plot in several preferred locations.
Understanding Plot Size: 50x100 and 12 Decimals.Before we get into the numbers, let's clarify what we mean by a 50x100 plot and 12 decimals.
- 50x100 Plot: This is a rectangular piece of land with dimensions of 50 feet by 100 feet, totaling 5,000 square feet.
- 12 Decimals: In land measurement terms, especially in countries using the decimal system for real estate, 12 decimals equal approximately 5,227 square feet.
For simplicity, we will consider them roughly equivalent, keeping in mind that there might be slight variations depending on the exact measurement system used in different regions.
Location, Location, Location.The price of a 50x100 plots can vary dramatically based on its location. Click on any of the sample fast-growing locations below from various districts to gain a perspective on the current market prices for 50x100 plots of land:
To find your prefered location, I advise that you go directly to the Real Estate Database (RED) at
www.RealEstateDatabase.net and then use the “Search boxes” at the top section of the website to select a Property category (eg: For sale), Property usage (eg: Residential), Property type (eg: Residential land) and Property location (eg: Gayaza or Naalya or Kitende, etc), and then click the search button.
... you will get property listing results from different agents (arranged in order of price) from which you can choose the one that fits your budget/taste.
Once you identify the exact property that fits your needs then you can immediately contact the agent whose contact details are displayed on the property.
Factors Influencing Plot Prices.
Several factors influence the price of a 50x100 plots or a 12 decimal plots:
- Location and Neighborhood: Central locations with good infrastructure, amenities, and security command higher prices.
- Zoning Regulations: Commercially zoned plots are often more expensive than residential ones due to their potential for higher returns.
- Economic Factors: Local economic conditions, including employment rates and economic growth, impact real estate prices.
- Infrastructure Development: Proximity to transportation hubs, schools, hospitals, and recreational facilities boosts land value.
- Market Demand: Areas experiencing high demand due to population growth or urban development will see higher land prices.
Conclusion.
Investing in a 50x100 or 12 decimal plot can be a lucrative decision, but it's essential to consider the location and associated factors. Whether you're looking at a bustling metropolis like Kira or an emerging market like Kulambilo, understanding the nuances of the local real estate market will help you make an informed investment. Always conduct thorough research or consult with a local real estate expert to get the most accurate and up-to-date information before making your purchase.
By considering these factors and examining different regions, you can gain a clearer picture of what to expect when investing in a 50x100 plot in your preferred location. Happy investing!
Kind Regards
Julius Czar
Author: Julius Czar
Company: Zillion Technologies Ltd
Mobile: +256705162000 / +256788162000
Email: Julius@RealEstateDatabase.net
Website: www.RealEstateDatabase.net
App: Install the RED Android App
Follow me on: Twitter, LinkedIn, Facebook.