Oral Estate Lekki: Full Details With Complete Breakdown

Oral Estate Lekki: Full Details With Complete Breakdown

Oral Estate is a prestigious and rapidly developing residential estate located in the heart of Lekki, Lagos, Nigeria, just off the Lekki-Epe Expressway near the Chevron Tollgate. Known for its serene environment, modern infrastructure, and strategic proximity to major business and lifestyle hubs, it has become a top choice for professionals, families, and investors seeking luxury living in Lagos. This article provides a comprehensive overview of Oral Estate, detailing its location, features, property types, pricing, infrastructure, investment potential, and challenges, based on the latest available data from web sources and posts on X as of June 25, 2025.

Overview of Oral Estate

Oral Estate, established in the early 1990s by Chief Ephraim Ademola Oluwatayo, is a gated community in Lekki’s Eti-Osa Local Government Area, named after the founder’s hometown in Osun State. Unlike centrally planned estates, it features individually developed properties, resulting in a mix of architectural styles. Its proximity to the Lekki-Epe Expressway and major business districts like Victoria Island and Ikoyi, combined with its serene coastal setting, makes it a sought-after location for upscale living. The estate’s development aligns with Lekki’s transformation into a hub for luxury real estate, driven by infrastructure projects like the Lekki Free Trade Zone, Lekki Deep Sea Port, and the proposed Lekki International Airport.

Detailed Breakdown of Oral Estate

1. Location

  • Address: Abiola Apooyin Street, Oral Estate, off Lekki-Epe Expressway, near Chevron Tollgate, Ikota, Lekki, Lagos.
  • Proximity:
    • 10 minutes from Victoria Island, Lagos’ financial hub.
    • Close to Chevron Nigeria Limited headquarters, Circle Mall, and The Palms Shopping Mall.
    • Near recreational spots like Lekki Conservation Centre, Nike Art Gallery, and Elegushi Beach.
    • Adjacent to estates like Ikota Villa Estate and Chevy View Estate.
  • Accessibility:
    • Accessible via the Lekki-Epe Expressway, a 49.5-kilometer arterial road upgraded through a $85 million African Development Bank loan in 2008.
    • Travel time to Victoria Island: 25 minutes off-peak, 30–75 minutes during rush hour (6:30 AM–8:00 AM).
    • Ride-hailing services like Uber and Bolt are readily available, and the estate is walkable from nearby bus stops.

2. Features and Infrastructure

Oral Estate offers a high standard of living with modern amenities tailored for comfort and security:

  • Security:
    • Gated community with 24-hour security, including guards and CCTV surveillance.
    • Unrestricted entry with checks on pedestrians and motorists for safety.
  • Road Network:
    • Main estate roads are interlocked and well-maintained; some street roads are also interlocked, while others are tarred.
    • Good drainage systems reduce flooding risks, though heavy rains can strain external drainage along the expressway.
  • Utilities:
    • 24-hour electricity in many properties, often supplemented by inverters, Mikano generators, or estate-managed power (e.g., 12 hours daily from 7 PM to 7 AM).
    • Clean borehole water or treated water supply, with some properties featuring water treatment facilities.
  • Amenities:
    • Landscaped gardens and green spaces for recreation.
    • Proximity to schools (e.g., Greensprings School, Lagos Business School), hospitals (e.g., Lagoon Hospital), and shopping malls (e.g., The Palms, Circle Mall).
    • Nearby leisure spots include Lekki Conservation Centre and Elegushi Beach.
  • Property Design:
    • No uniform building specifications, allowing diverse architectural styles (detached/semi-detached duplexes, terraces, apartments).
    • High-end properties feature biometric locks, smart lighting, inbuilt speakers, and luxury fittings like Spanish porcelain tiles and Turkish beds.

3. Property Types and Pricing

Oral Estate offers a variety of properties, including apartments, duplexes, and bare land, catering to different budgets and preferences. Below is a detailed breakdown based on recent listings:

  • For Sale:
    • 2-Bedroom Flat:
      • Price: ₦65 million (brand new, near Chevron Tollgate).
      • Features: Spacious living room, modern sanitary wares, solid security doors, fitted kitchen, water treatment.
    • 4-Bedroom Semi-Detached Duplex:
      • Price: ₦55 million (without BQ), ₦180 million (with BQ, CCTV, inbuilt speakers, jacuzzi).
      • Average Price: ₦230 million; range: ₦120 million–₦450 million.
      • Features: Ensuite rooms, fitted kitchen, pantry, carport for 4–7 cars.
    • 4-Bedroom Detached Duplex with BQ:
      • Price: ₦260 million–₦325 million (negotiable).
      • Features: Fully furnished, inverter, mini bar, Turkish beds, smart TVs, swimming pool, waterfall, 2–3 car parking, stamped concrete floor, luxury lighting, biometric locks.
    • 5-Bedroom Detached House:
      • Price: Not specified, but typically ₦300 million–₦450 million based on market trends.
      • Features: Fully automated, double-door refrigerator, washing machine, pool, walk-in closet, chandelier, spacious kitchen.
    • Bare Land:
      • Price: Not listed in recent data, but previously sold plots indicate ₦40 million–₦100 million depending on size (e.g., 600 sqm).
      • Title: Governor’s Consent or Certificate of Occupancy (C of O).
  • For Rent:
    • Studio Apartment:
      • Rent: ₦1 million–₦2.5 million per annum.
      • Additional Charges: 10% agency, 10% legal, 10% caution, ₦570,000–₦692,000 service charge, ₦60,000–₦90,000 monthly for electricity/diesel.
    • Shared Apartment Rooms:
      • Rent: ₦150,000–₦250,000 per month (furnished).
      • Charges: ₦50,000–₦100,000 agency/caution, ₦5,000 inspection fee.
    • 2-Bedroom Apartment:
      • Rent: ₦2.5 million per annum.
      • Charges: Same as studio (10% agency/legal/caution, ₦570,000 service charge, ₦70,000 monthly electricity).
    • 3-Bedroom Apartment:
      • Rent: ₦2 million–₦3 million per annum.
      • Charges: 10% agency/legal/caution, ₦450,000–₦692,000 service charge, ₦60,000–₦90,000 electricity/diesel.
    • 4-Bedroom Semi-Detached Duplex:
      • Rent: ₦15 million per annum (fully furnished with BQ).
      • Total Package: ₦19.5 million (including 10% agency/legal/caution).
      • Average Rent: ₦2.65 million; range: ₦550,000–₦18 million.
  • Commercial Properties:
    • Limited availability, typically shops or office spaces, with prices starting at ₦2 million per annum for rent or ₦50 million for sale.
  • Payment Plans:
    • Some developers offer seller financing or flexible payment plans for purchases (e.g., 6–12 months with 50% initial deposit).
    • Rentals often require upfront payment for 1–2 years, with additional charges paid annually or monthly.

4. Investment Potential

Oral Estate is a high-value investment due to its prime location and robust real estate market:

  • High ROI:
    • Average house price: ₦230 million, with values appreciating due to Lekki’s population growth and infrastructure development.
    • Rental yields are strong, with 4-bedroom duplexes fetching ₦15 million–₦18 million annually, offering 6–8% returns.
    • Bare land purchased for ₦40 million–₦100 million can double in value within 5–7 years if developed or resold.
  • Strategic Location:
    • Proximity to Victoria Island (10 minutes), Lekki Free Trade Zone, and the proposed Lekki International Airport (20–30 minutes) drives demand.
    • Lekki’s projected population growth to over 3.4 million residents fuels housing needs.
  • Secure Titles:
    • Properties typically come with Governor’s Consent or C of O, minimizing ownership disputes.
  • Rental Demand:
    • High demand from professionals and expatriates working in nearby business districts like Chevron and Victoria Island.
    • Studio and 2-bedroom apartments are popular among young professionals, while duplexes attract families.
  • Seller Financing:
    • Some developers offer discounts for early payments or flexible plans, enhancing affordability.
  • Flood-Free Advantage:
    • Good drainage systems ensure minimal flooding, unlike other parts of Lekki during heavy rains.

5. Lifestyle and Community

  • Target Audience: Professionals, expatriates, and affluent families seeking a secure, upscale environment.
  • Community Vibe:
    • Serene and family-friendly, ideal for morning jogs, walks, and children’s play in parks.
    • Quiet at night, with access to vibrant nightlife in Lekki Phase 1 or Victoria Island (10–15 minutes away).
  • Nearby Amenities:
    • Education: Greensprings School, Lagos Business School, and other reputable institutions within 10–15 minutes.
    • Healthcare: Lagoon Hospital and Evercare Hospital nearby.
    • Shopping and Leisure: The Palms Shopping Mall (20,000+ sqm with 70+ retail outlets), Circle Mall, and restaurants offering diverse cuisines.
    • Recreation: Lekki Conservation Centre (canopy walkway), Nike Art Gallery, and Elegushi Beach for relaxation and fun.
  • Connectivity:
    • High-speed internet from providers like MTN, Airtel, and Spectranet.
    • Nearby hotels like Protea Hotel and Eko Hotels for visitors.

6. Comparison with Nearby Estates

Oral Estate competes with other upscale estates along the Lekki-Epe Expressway:

  • Chevy View Estate (Chevron Drive):
    • Similar luxury focus, with 300 sqm bare land at ₦160 million (higher than Oral’s land prices).
    • More uniform infrastructure but closer to commercial hubs like Circle Mall.
  • Ikota Villa Estate (Adjacent):
    • Similar non-uniform development, but less premium branding than Oral Estate.
    • Prices for 4-bedroom duplexes range from ₦150 million–₦200 million, slightly lower than Oral’s high-end properties.
  • Lekki Phase 1:
    • More upscale and vibrant, with higher property prices (e.g., ₦300 million+ for duplexes).
    • Offers better nightlife but less serene than Oral Estate.
  • Amen Estate 2 (Eleko):
    • Farther from Lekki’s core, with advanced amenities like 24-hour power and centralized sewage.
    • 4-bedroom duplexes priced at ₦295 million, comparable to Oral’s high-end properties.

7. Challenges and Considerations

  • Traffic Congestion:
    • Lekki-Epe Expressway faces heavy traffic during rush hours, with delays of up to 75 minutes to Victoria Island.
    • Ongoing road expansions may improve connectivity in the future.
  • Flooding Risks:
    • While Oral Estate’s drainage is effective, external roads like the expressway may flood during heavy rains, as seen in July 2019.
  • High Costs:
    • Property prices (₦65 million–₦450 million) and rental costs (₦1 million–₦18 million) are suited for high-income earners.
    • Additional charges (e.g., service fees, electricity) add 20–30% to rental costs.
  • Non-Uniform Development:
    • Lack of centralized planning results in varied property designs, which may affect aesthetic consistency.
  • Service Charges:
    • Annual service charges (₦450,000–₦692,000) and monthly electricity/diesel costs (₦60,000–₦90,000) can strain budgets.

8. Recommendations for Buyers and Investors

  • Due Diligence:
    • Verify titles (Governor’s Consent or C of O) through the Lagos State Lands Registry.
    • Conduct physical inspections with trusted agents to confirm property conditions. Contact agents like Wincovers Properties (+234 810 325 4940) or Odih Global Property (+234 703 589 5274).
  • Investment Strategy:
    • Purchase bare land for development or resale to capitalize on Lekki’s growth.
    • Invest in rental properties like 2–3-bedroom apartments for steady income from professionals.
    • Consider seller financing for duplexes to spread costs.
  • Timing:
    • Act quickly to secure properties at current prices, as demand drives frequent increases.
  • Infrastructure Focus:
    • Prioritize properties with 24-hour power, water treatment, and good drainage to avoid common Lekki challenges.

Broader Context: Lekki-Epe Expressway Real Estate

The Lekki-Epe Expressway is a key driver of Lagos’ real estate market, with Oral Estate benefiting from its proximity to the Chevron Tollgate and major infrastructure projects. Lekki’s population growth, projected to exceed 3.4 million residents, and developments like the Lekki Free Trade Zone and proposed Lekki International Airport ensure long-term value appreciation. However, challenges like traffic congestion and incomplete road expansions beyond Abraham Adesanya junction require careful consideration. Oral Estate’s blend of luxury, accessibility, and investment potential makes it a standout in this dynamic corridor.

Conclusion

Oral Estate is a premier residential destination in Lekki, offering a mix of luxury apartments, duplexes, and bare land for diverse buyers and investors. With property prices ranging from ₦65 million to ₦450 million and rentals from ₦550,000 to ₦18 million, it caters to high-income earners seeking a serene yet accessible lifestyle. Its modern infrastructure, secure environment, and proximity to business and leisure hubs enhance its appeal. While challenges like traffic and high costs exist, strategic investments in Oral Estate promise high returns due to Lekki’s growth trajectory. For inquiries or inspections, contact reputable agents via platforms like PropertyPro Nigeria or Nigeria Property Centre for verified listings.

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