Living the life in Lekki: how to become a Lekki Landlord.

From the N250m mansion in NICON Town to the N12m, 2 bedroom bungalow in Abraham Adesanya estate, the mini mansions of Chevvy View to the flats of Prime Waterview Estate, the N130m land of Lekki Phase 1 to the N700,000 per acre (!) in Solo-Orunmija Lekki has every type of property and land to suit each pocket. It even has Nigeria’s first golf course estate, It is extremely difficult to put out an article that will cover this ever increasing land mass (through sand filling new estates are being created and new roads open up new areas) but we serve up just a taster on how you can go about becoming a Lekki landlord.

Starting at the bottom end of the ladder (land under N5m), you will find from our listings that you are spoilt for choice. Exotic sounding names like Idasho, Eleran Igbe, Tagbati, Museyo sell plots well below the N1m mark. What is common to these areas is that they are some distance from Victoria Island and the infrastructure here is largely basic, at times non-existent. They however, have the potential for humongous capital gains, in a flat market as long as the purchaser makes sure of his title and takes possession (with vigilant diligence) on the land.
If your budget is in the N6m –N15m category, your choices open up in terms of land. Full plots of land in the Government estates of Lekki 2 and Abijo GRA are within this price range as well as estates in the relatively well developed areas of Ajah, Sangotedo and Badore. For developed property, you are still restricted to the 2 and 3 bedroom bungalows of Abraham Adesanya Estate, a government developed estate in the Ajah axis.  Notable within this price range are the 1 bed and 2 bed apartments in the Alpha Beach, Admiralty Homes Estate, which are going for between N13m – N16m.

Moving up your budget to between N16m – N25m, a wider range of developed property is available. Three bedroom bungalows at Oke Irah Ajah (near Badore) and at the HFP built Mayfair Gardens can be nought at the upper limits of this price range. There are also some duplexes at Sangotedo marketed at this price range. With land, you move closer to Victoria Island with land at Ikota and Lakeview Estate, both in the vicinity of Victoria Garden City in the N18m – N22m price range. Also land in the highbrow Cooperative Villa Ajah, comes within this price range. With land, you should be able to get plots at Agungi, Osapa London and some areas of Igbo Efon (locations before the second Toll gate within the N25m price range) Here also you can get a full plot at the upscale serviced Crown Estate in the vicinity of Abraham Adesanya Estate and Royal Gardens, Ajah

The N26m to N50m is the most competitive category. In terms of land, the upper end will see you getting half plots in Lekki Phase 1 (the right hand side) and in slightly lower than that will get you a full plot in the Ikate Elegushi axis which is immediately after Lekki 1. Infact, you should be able to afford land in all locations within the first to the second toll gates with the exception of Lekki Phase 1 (Lagoon side), NICON Town, Northern Foreshore and Charlton Gate estates. You may not be able to get land in these high end estates, but you can conveniently buy 3 bedroom flats there and in the case of Northern Foreshore, its 4 bedroom bungalows are retailed in the N40m range. Still on flats, the 3 bed and 4 bed flats of Safecourt and Prime water View, the prominent high rise estates in the Elegushi axis sell for between N30m and N40m. if you are not too keen on communal living, town houses, wings of duplex and detached houses are available from between N30m to the upper reaches of this range in the easily assessable areas of Osapa London, Agungi, Ikate, Chevvy View and Southern View estates – all within the first and second toll gates.
That is the story of property values in Lekki – as you move closer to Victoria Island, the land values rise, with the exception of estates with very high quality infrastructure like Victoria Garden City, Northern Foreshore, Charlton Gate and NICON Town whose values are well above the norm of their location. Lekki 1 with its commercial outlook and proximity to both Ikoyi and Victoria Island is an exceptional case as its infrastructure and ambience may not be up to the highbrow estates but location gives it an edge to be priced in the same bracket.

House Name	Description	NGN Price	**FF PRICE
Lolo	3 Bed Luxurious Flat all ensuite	30m	34m
Nze	4 Bed Mid Terrace House, No BQ	40m	45m
Nze	4 Bed End Terrace House, No BQ	43m	48m
Nze	4 Bed Mid Terrace House, with BQ	45m	50m
Nze	4 Bed End Terrace House, with BQ	48m	52m
Olori	4 Bed Semi Detached Villa, all ensuite with 2 room BQ	60m	65m
Iga	4 Bed Detached Villa, all ensuite with 2 room BQ	64m	70m
Iga	4 Bed Detached Villa, all ensuite with 2 room BQ - corner	66m	72m
Queen Amina	5 Bed S/Det. Mansion with a study and 2 room BQ	70m	76m
	5 Bed S/Det. Mansion with a study and 2 room BQ - corner	74m	80m
Agbala	5 Bed Det. Mansion with a study and 2 room BQ	85m	92m
Agbala	5 Bed Det. Mansion with a study and 2 room BQ - corner	87m	94m
Afin	7 Bed Det. Mansion with a study and 2 room BQ	110m	120m