Estates Along Lekki-Epe Expressway: Full Details With Complete Breakdown

The Lekki-Epe Expressway, a 49.5-kilometer arterial road connecting the Lekki and Epe districts in Lagos State, Nigeria, is a hub for real estate development, driven by its strategic location and proximity to major infrastructure projects like the Lekki Free Trade Zone, Lekki Deep Sea Port, and the proposed Lekki International Airport. This article provides a comprehensive overview of notable estates along this corridor, detailing their features, price ranges, investment potential, and infrastructure. It draws on available information from web sources and recent posts on X to present a clear picture of the real estate landscape as of June 25, 2025.

Overview of Lekki-Epe Expressway

The Lekki-Epe Expressway, first constructed in the 1980s under the administration of Lateef Jakande, has undergone significant upgrades through a Public-Private Partnership (PPP) model, with a $85 million loan from the African Development Bank in 2008. Despite challenges such as traffic congestion and tolling controversies, the expressway has catalyzed rapid development, making it one of West Africa’s fastest-growing corridors. The area hosts a mix of residential estates, commercial properties, and industrial developments, fueled by projects like the Dangote Refinery and the planned Lekki International Airport.

Key Estates Along Lekki-Epe Expressway

Below is a detailed breakdown of prominent estates along the Lekki-Epe Expressway, focusing on their location, features, pricing, and investment potential. The estates are organized by key areas such as Ajah, Ibeju Lekki, and Eleko, with specific examples drawn from recent data.

1. Chevy View Estate (Chevron Drive, Lekki)

Location: Chevron Drive, near Lekki-Epe Expressway, Ajah.
Features:
- Secured, gated estate with 24-hour security.
- Building approval for luxury duplexes (up to two floors).
- Infrastructure includes paved roads, drainage, and stable electricity.
- Estate development levy and Omonile development levy paid.
- Soil tests conducted for construction readiness.
Pricing:
- 300 sqm bare land with driveway: ₦160 million (net price, all-inclusive).
- Title: Governor’s Consent.
Investment Potential:
- Proximity to commercial hubs like Chevron makes it ideal for high-end residential living.
- Suitable for immediate development or resale due to pre-paid levies and approvals.
- High demand for luxury properties in this area ensures value appreciation.

2. Lekki Aviation Town (Ibeju Lekki)

Location: Yegunda Government Resettlement Scheme, opposite the proposed Lekki International Airport, Ibeju Lekki.
Features:
- Modern estate designed for residential and commercial use.
- Infrastructure includes perimeter fencing, gated entrance, good road network, drainage, streetlights, 24/7 security, and electrification.
- 100% dry land, eliminating the need for sand-filling.
Pricing:
- Residential Plots (as of June 2025):
  - 300 sqm: ₦25 million (outright, 0-3 months).
  - 500 sqm: ₦40 million (outright, 0-3 months).
  - 1000 sqm: ₦120 million (commercial plots).
- Initial Deposits: ₦5 million (300 sqm), ₦8 million (500 sqm), ₦12 million (1000 sqm).
- Payment Plan: 12-month installments with interest.
- Title: Certificate of Occupancy (C of O).
Investment Potential:
- Strategic location near the proposed Lekki International Airport ensures long-term value growth.
- High return on investment (ROI) due to rapid development in Ibeju Lekki.
- All-inclusive pricing (covering documentation and levies) simplifies investment.

3. Mega One Estate (Ibeju Lekki)

Location: Yegunda Scheme, 2 minutes from Lekki-Epe Expressway, facing the proposed Lekki International Airport.
Features:
- Premium estate with world-class infrastructure, including paved roads, drainage, and security systems.
- Designed for luxury living and investment.
- Close to major landmarks like the Lekki Free Trade Zone and Dangote Refinery.
Pricing:
- Flexible payment plan starting with ₦5 million initial deposit, balance spread over 12 months.
- Title: Certificate of Occupancy (C of O).
Investment Potential:
- High demand due to proximity to the airport and other infrastructure projects.
- Affordable pricing and flexible payment plans attract a wide range of investors.
- Projected population growth in Lagos (potentially the world’s most populous city by 2100) ensures rising real estate demand.
Note: Prices are subject to increase due to high demand, and early investment is recommended.

4. The Parliament Estate (Bolorunpelu, Ibeju Lekki)

Location: Bolorunpelu, adjacent to the proposed Lekki International Airport, along Lekki-Epe Expressway.
Features:
- Luxury estate with premium plots designed for modern living.
- Infrastructure includes 24/7 security, surveillance, good road network, and landscaping.
- Proximity to key destinations in Lagos.
Pricing:
- Prelaunch premium plots with all-inclusive pricing (land cost, legal fees, developmental levy).
- Title: Certificate of Occupancy (C of O).
Investment Potential:
- Strategic location near the airport boosts property value.
- Exclusive estate appealing to high-net-worth individuals and families.
- Secure title ensures peace of mind for investors.

5. Itunu City Estate (Aiyetoro, Eleko, Ibeju Lekki)

Location: Aiyetoro, opposite the proposed Lekki International Airport, along Lekki-Epe Expressway.
Features:
- Large-scale development promoting relaxation, innovation, and lifestyle.
- Mixed-use estate for commercial and residential purposes.
- Infrastructure includes sustainable urban planning, drainage, and security.
Pricing:
- Plots starting at ₦21 million (specific sizes not detailed in available data).
- Title: Not specified, but typically C of O for estates in this area.
Investment Potential:
- Focus on sustainability and balanced city planning attracts eco-conscious investors.
- Proximity to the airport and rapid development in Eleko ensures high ROI.
- Suitable for both immediate development and long-term investment.

6. Tiwa Garden Phase 2 (Eleran Igbe, Ibeju Lekki)

Location: Eleran Igbe Bus Stop, Lekki-Epe Expressway, Ibeju Lekki.
Features:
- Fast-developing estate tailored for comfort and lifestyle.
- Infrastructure includes paved roads, security, and proximity to commercial hubs.
Pricing:
- 300 sqm: ₦21 million.
- 500 sqm: ₦35 million.
- Initial Deposit: ₦3 million, with 12-month payment plan.
- Title: Certificate of Occupancy (C of O).
Investment Potential:
- Ideal for building or flipping due to the fast-developing nature of the area.
- Affordable initial deposit makes it accessible to a broad investor base.
- High ROI potential due to ongoing infrastructure developments.

7. Amen Estate 2 (Eleko, Ibeju Lekki)

Location: Eleko, off Lekki-Epe Expressway.
Features:
- Fully serviced estate with 24-hour power supply, centralized clean water, and sewage management.
- No individual soakaways, ensuring a cleaner environment.
- Gated and secure with modern amenities.
Pricing:
- 4-bedroom fully detached house with 1-room BQ: ₦295 million.
Investment Potential:
- High-end estate appealing to affluent buyers seeking luxury living.
- Reliable infrastructure (24-hour electricity and water) enhances livability.
- Proximity to Eleko’s emerging commercial areas supports value growth.

8. Ajayi Apata Estate (Eti-Osa, Lekki)

Location: Next to Fara Park Estate, along Lekki-Epe Expressway, Eti-Osa Local Government Area.
Features:
- Secured estate with partly paved access roads (interlocked stones).
- Large land sizes suitable for commercial or residential development.
Pricing:
- 20,000 sqm (2 hectares): ₦1.5 billion.
- Title: Perfected Deed of Assignment from Lagos State Government.
Investment Potential:
- Ideal for large-scale developers due to the expansive land size.
- Proximity to highbrow areas like Victoria Island and Lekki enhances commercial potential.
- Secure title ensures investment safety.

General Real Estate Trends Along Lekki-Epe Expressway

Price Range:
- Houses: ₦19 million (cheapest) to ₦1.2 billion (most expensive), with an average of ₦205 million in Lekki and ₦180 million in Ajah.
- Land: ₦6.5 million (cheapest) to ₦1.5 billion (most expensive), with an average of ₦280 million in Ajah.
Property Types: Includes duplexes, bungalows, townhouses, mansions, flats, commercial spaces, and bare land. Gated estates dominate due to security and infrastructure benefits.
Titles: Most estates offer Certificate of Occupancy (C of O) or Governor’s Consent, ensuring secure ownership.
Infrastructure: Common features include 24/7 security, paved roads, drainage systems, streetlights, and electrification. Some estates, like Amen Estate 2, offer advanced amenities like centralized water and sewage systems.
Challenges:
- Traffic congestion, especially around roundabouts like Abraham Adesanya, can result in significant delays (e.g., a 20-minute journey taking up to 4 hours).
- Incomplete road expansion beyond Abraham Adesanya Estate junction limits accessibility to Epe.
- Flooding during heavy rains due to drainage blockages, as seen in July 2019.

Investment Opportunities

Growth Drivers:
- Proximity to major projects like the Lekki Free Trade Zone, Lekki Deep Sea Port, Dangote Refinery, and the proposed Lekki International Airport.
- Lagos’ projected population growth to over 3.4 million residents and 1.9 million non-residents in the Lekki Peninsula, driving housing demand.
- The area’s designation as a “Blue-Green Environment City” enhances its appeal for sustainable development.
ROI Potential:
- Estates like Lekki Aviation Town and Mega One Estate are marketed for their high ROI due to strategic locations and infrastructure development.
- Early investors in fast-developing areas like Eleko and Ibeju Lekki are already seeing impressive returns.
Payment Flexibility: Many estates offer installment plans (e.g., 12-18 months) with initial deposits as low as ₦3 million, making investment accessible.

Recommendations for Investors

Due Diligence:
- Verify property titles (C of O or Governor’s Consent) to avoid disputes.
- Inspect properties physically before making payments, as advised by real estate platforms.
Focus Areas:
- Ibeju Lekki and Eleko for high-growth potential due to proximity to the airport and industrial projects.
- Ajah for established, high-end residential estates like Chevy View and Amen Estate 2.
Timing:
- Invest early in prelaunch estates like The Parliament or Mega One to benefit from lower prices before inevitable increases.
Infrastructure Considerations:
- Prioritize estates with robust infrastructure (e.g., drainage, electricity) to mitigate issues like flooding and power outages.
- Be aware of traffic challenges and choose locations with better access roads.

Conclusion

The Lekki-Epe Expressway is a prime real estate corridor, offering a range of estates catering to diverse budgets and preferences. From luxury developments like The Parliament and Amen Estate 2 to affordable investment opportunities like Tiwa Garden Phase 2 and Lekki Aviation Town, the area is poised for significant growth. Investors and homeowners can capitalize on flexible payment plans, secure titles, and proximity to major infrastructure projects. However, challenges like traffic congestion and incomplete road expansion require careful consideration. By conducting thorough due diligence and focusing on high-growth areas, investors can secure profitable and sustainable returns in this dynamic region.