****LOCATION ****

UPI: 1/03/02/03/3352 - SABAGANGA VILLAGE, NYANZA CELL, GATENGA SECTOR, KICUKIRO DISTRICT, KIGALI CITY.

CONSULTANT: Eng. Jean Pierre NDAYISENGA

CERTIFIED VALUER

Phone: + 25 07 88 30 17 95 /07 83 54 42 55/0728544254

December, 2013

PROPERTY VALUATION REPORT OWNER: BIKORIMANA François

P a g e | 2

VALUATION SUMMARY

Valuation report no: NDJP/KT/Fra/12/2013 Date: 30/12/2013

Property

Identification

Category of Property Residential

The intended use Residential

Location

Plot number: 3352

UPI: 1/03/02/03/3352

Plot Area: 792 sqm

Location: SABAGANGA VILLAGE, NYANZA CELL, GATENGA SECTOR, KICUKIRO DISTRICT, KIGALI CITY.

Photos are attached.

Physical

conditions of the

property

The property is in the following conditions:

The property is located in NYANZA CELL, near the

road SONATUBE – NYAMATA. It is also not far from

Kicukiro centre.

Land is surrounding by residential properties.

Lease contract documents have been issued to this

property.

Ownership

Ownership is by Title deed- 20 years lease contract

Owned by: BIKORIMANA Francois.

VALUATION SUMMARY

Current Value of

Property

Seven Millions Four hundred and Five thousand Two hundred Rwandan Francs

(7, 405, 200 Rwf)

Approved by Valuer:

Eng. Jean Pierre NDAYISENGA

P a g e | 3

INTRODUCTION

Objective of this property valuation

As requested by Mr. BIKORIMANA Francois to carry out survey/Valuation of his property in plot no 3352 - SABAGANGA VILLAGE, NYANZA CELL, GATENGA SECTOR, KICUKIRO DISTRICT, KIGALI CITY. On 28th December, 2013, Eng. Jean Pierre NDAYISENGA, certified Valuer assisted by Eng. Vianney NTIBAZIYAREMYE conducted the site/field survey to gather with the client for data collection leading to this final report.

BIKORIMANA Francois needs to know the current value for this Property to be used as Bank Guaranty/ Mortgage. Therefore this valuation report establishes:

The Current Value of Residential Land.

THE VALUER

Name: Eng. Jean Pierre NDAYISENGA

Professional status: Certified Valuer

Institute of Real Property Valuers registration number: IRPV/084/2012

Registration number in Certified Valuers Register: RC/IRPV/084/2012

Address:

Tel: + 25 07 88 30 17 95 /07 83 54 42 55/ 0728 544254

Email: jpinday@gmail.com

P a g e | 4

PROPERTY DETAILS

Name of property owner: BIKORIMANA Francois

Location: SABAGANGA VILLAGE, NYANZA CELL, GATENGA SECTOR, KICUKIRO DISTRICT,

KIGALI CITY.

Plot number: 3352

Plot Area: 792 sqm

Ownership papers: 20 years lease contract.

ANALYSIS

Valuation methods

This valuation is governed by gazetted law N°17/2010 of 12/05/2010 which establishes and

organizes the profession of real property valuation in Rwanda.

Adopting the valuation methods stipulated in the law the relevance of each method is tested in

favor of the property in question as follows:

Comparable prices method

Argument

Many plots have similar physical conditions similarities. However there are enough comparable sales records for the last 6 months.

Conclusion

Comparable prices method suits the aim of this valuation.

Comparison of land values countrywide as an alternative land valuation method,

P a g e | 5

THE FOLLOWING IS THE ACTUAL SITUATION:

№ Development determinant Yes No

1. Is there tarmac main road √

2. Are there tertiary tarmac roads √

3. Is there storm water drainage facility in the

interior of the area

√

4. Is there waste water drainage facility in the area √

5. Is there power supply line √

6. Is there water supply line √

7. Are there fire hydrant terminals √

8. Is there fiber optic line √

9. Is public transport adequate √

10. Is there a shopping center √

11. Is there accessible nursery school in the area √

12. Is there accessible secondary school in the area √

13. Is there accessible university in the area √

14. Is there big number job provider (factory, hotel,

market etc.)

√

15. Are there sporting/ exercises facilities (gym etc.) √

16. Is there children play ground √

17. Is there a modern market √

P a g e | 6

VALUATION

I. Plot/ Land

1 Parcel Area 792 Sqm

2 Unit Price/Sqm 9,350 Rwf

Current Value 7,405,200 Rwf

TOTAL VALUE: 7, 405, 200 Rwf.

TOTAL VALUE IN WORDS:

Seven Millions Four hundred and Five thousand Two hundred Rwandan Francs (7, 405, 200 Rwf)

P a g e | 7

DESCRIPTIVE PHOTOS

P a g e | 8

P a g e | 9