MAMUKA VALUERS (MANAGEMENT) LIMITED

Get The True Value of Your Property — Fast & Accurate

PROPERTY VALUATION

Whether you’re selling, insuring, borrowing, or planning an investment, you need a valuation you can trust. Our licensed valuers deliver clear, certified reports that are accepted by banks, buyers, insurers, and investors across Kenya.

Company Background

Mamuka Valuers (Management) Limited was incorporated in 1990 and part of Mamuka Group of Companies
set up in 1981. The company mainly deals with Property Management, Property Sales, Property
Valuations and Estate Agency.

Contact Details Of Our Head Office

Location : Ruprani House, First Floor, Moktar Daddah Street opposite Jevanjee Gardens, Nairobi City.
Address : P.O. Box 45564-00100 Nairobi.
Telephone : Office Mobile: 0722-812794

Contacts Details of Nyahururu Town Branch

Location : Chaphi Investment House, 3rd Floor, Room No. 137, Koinange Street.
Address : P.O. Box 801, Nyahururu.
Telephone : 0729377958

Contacts Details of Nakuru Town Branch

Location : Grey House, First Floor, Room No. 3
Address : P.O. Box 13654, Nakuru.
Telephone : 0723308059

Contacts Details of Naivasha Town Branch

Location : Jostas Building, 1 st floor opposite post office.
Address : P.O. Box 1124, Naivasha
Telephone : 0723130010

Main Contacts

Valuer, Nicholas Njogu Ndege - 0722291709/0733633578

Valuer, Julius Maina - 0723130010

Authorized Signatories

Either: 
- Valuer, G.G. Muchiri - Tel: 0722514805
- Valuer, Nicholas Njogu Ndege - Tel: 0722291709/0733633578

The above signatories are Registered and Practicing Valuers under the Valuers Registration
Board. They are also covered by a Professional Indemnity Cover of Kshs. 200,000,000/=
(Kenya Shillings Two Hundred Million only).

Geographical Scope

The Head Office which is located in Nairobi covers the following geographical areas.

- Kiambu County
- Muranga County
- Kirinyaga County
- Kajiado County
- Embu County
- Machakos County

The Nakuru and Naivasha Town Branch covers the following geographical areas:-

- Nakuru County
- Narok County
- Kericho County
- Uasin Gishu County
- Kisii County
- Transmara County
- Baringo County

The Nyahururu Town Branch covers the following geographical areas:-

- Nyandarua County
- Laikipia County
- Nyeri County
- Meru County
- Isiolo County
- Marsabit County
- Samburu County

We also confirm that, throughout the past years we have been undertaking valuation inspections
in different parts of Kenya such as in Kisumu, Kitale, Homabay, Kilifi, Malindi, Taita Taveta,
Garissa upon agreed disbursement/mileage with the clients.

Our Valuation Methodology

POLICY ON TURN AROUND TIME
Day 1- We receive instructions from the bank and immediately we contact the client.
Day 2- Book searches/map and inspection done the same day.
Day 3-Prepare draft and final valuation report, raise fee note invoice and deliver the report to the
bank.
NB – In most cases where we have copy of title/leases and the client is available almost
immediately, the turn around time is 3days from date of instructions.


VALUATION METHODOLOGY
Our valuation methodology include:-
1. Sales Comparison
This method is based on analysis of direct sales of similar properties or vacant plots within the
Estate/area/village or in the neighbourhood.

2. Cost Approach
The method estimates value of the property on the basis of the value of land plus depreciated
cost of replacing the existing development. The replacement cost is based on the current
prevailing cost of building per square meter/feet in the construction industry.

The value of vacant land/ plot is obtained from comparable sales of similar plots in the neighbourhood.
Therefore the estimated value by cost approach is the value of vacant land plus the depreciated
replacement cost of the building(s).

3. Income Capitalization Method

This is based upon the net annual rental income receivable or estimated stream of net rental
income. The market value is derived from capitalizing the annual productivity by a suitable YP
(Years Purchase) or estimated stream of net rental income. The market value is derived from capitalizing the annual productivity.

Types of Properties for Valuation

We undertake all types of valuation for mortgage purposes as hereunder:-

(a) Residential properties which include:-

  • Developed residential houses e.g. bungalows, maisonettes, flats, apartments among other major valuations of residential bungalows at Guango Estate, Muchatha Kiambu District.
  • Vacant residential plots.

(b) Commercial properties which include:-

  • Developed commercial within cities, towns and urban area in Kenya.
  • Vacant commercial plots.

(c) Industrial properties which include:-

  • Developed industrial properties such as go downs, light industrial building, medium industrial building among others.
  • Major valuation of plant and machinery.
  • Bhachu Industries in Nairobi Industrial Area.
  • May Feeds/Flour Industry at Thika Industrial Area.
  • Muthithi Flour Millers at Muthithi Trading Centre, Murang’a South District.
  • Among other medium and Light Industrial properties in Nairobi City, Mombasa City, Thika Town, Kisii Town etc.

(d) Agricultural Properties in the rural areas:-

  • Major valuation – valuation of wheat/barley farms at Kisima, Timau in Meru District.
  • Tree Plantations at Kirima Settlement Scheme, Nyandarua North District.
  • Mbogu Tuu plantation along Garisa Road.

(e) Specialised valuations which include:-

  • Valuation of Petrol Stations e.g. Millenium Petrol Station at Kamiti Road, Nairobi.
  • Valuation of Private Primary School/Secondary School e.g. St. Austin Schools in Nairobi and Mombasa.
  • Sabasaba Preparatory School at Sabasaba Town, Murang’a South District.
  • Naivasha Silver Spring Hotel – Naivasha Town.


The above only attempts to highlight a few of the bulky valuations done in our portfolio
register which we have received instructions from various branches of financial institutions countrywide. It is again not exhaustive, since we have not listed other minor valuations done all over the country under the above geographical scope.

Our Established Clients

- Equity bank (K) Ltd
- Co-operative bank Ltd-Jacob Branch manager Gikomba – 0722918595
- Family bank Ltd- Jeremiah -Manager (DRU)– 0731274758
- Credit bank-Sammy-branch manager-Industrial area-0721593722
- Maruti Sacco- (Naivasha)-chairman-Mwaura
- Telkom Kenya Limited
- Inades International Limited ( Machakos)
- Kenya Young Men Christian Association (KYMCA)
- International Livestock Research Institute (ILRI) at Kabete Head Office and Kapiti
Ranch.
- Assumption Sisters
- Platinum Holdings-CEO-Mbao-0725733862
- Guango Ltd-CEO- Kigathi-0722523661
- Safety Surveyors CEO-Kigo-0722140814
- Public Trustee – Mr Ken – Tel- 0724880001
- Business Rent Tribunal
- Aristocrats – Mr. Karim the C.E.O – Tel -0722516792
- Ramco Investment –Shah- CEO-Tel-0733764444
- Essential Mountain links- Mr Nyuguto – Tel -4445360
- Meghji Premchard- Mr. Mkesh Shah- Tel- 2221930
- Kahawa West PCEA Parish
- ACK Kanyariri parish Kikuyu
- ACK St. Emanuel Kikuyu
- Among others

Valuation Fees & Pricing

We charge valuation fees as per the scale provi ded by the Valuers Act Cap 532 of the Laws of Kenya under Section 25, the Valuers (forms and fees) (amendment) Rules, 2011.

Disbursements are only charged depending on the nature of the job given and usually moderate. Our fees are based on the current open market value of the property/assets.

First - Ksh. 5,000,000/= @ 1.0%
Residual @ 0.25%
Subject to 16% V.A.T

Disbursement
The list includes:
a) Cost of searches from Land Registry as per the ministry charges.
b) Cost of maps /mutation from surveyor office as per the ministry charges.
c) Transport: Where the client provide transport, we do not charge but where we provide transport we charge at a rate of Ksh.35 per km or thereabout.

Fees Policy
1. Upon receive of instructions from the bank, we usually contact the client to know each other better.
2. Thereafter we ask for some deposit of e.g Ksh.5000/= to facilitate booking of search at Land Registry and map at Land Surveyor office, the balance take care of the transport cost if transport is provided by ourselves.
3. After the completion of the report the client is advice to pay the balance in our office or a transfer to our bank account as we deliver the report to the bank.

Professional Indemnity
We hold an indemnity cover of Kshs.200,000,000/= (Kenya Shillings Two Hundred Million).

We have however maintained a high degree of professionalism over the years of our practice
over the years we have not had any reason/occasion to invoke the same.

Professional Consultants
1. Rtd. Justice Robert Mutitu of Mutitu Thiong’o Advocates
2. Eng. J. M. Macharia of Machiri Limited
3. Peter Kibaara Mbugi – BSC MSC. Agricultural (Canada)
4. Loice W. Gachara – ACCA, B.Com (Hons) B.A. Applied Accounting.
5. Lawyer, Patrick Muchiri of Muchiri Gachara & Co. Advocates.

Know Your Property’s True Worth

Know where you stand — and make decisions with confidence