Comprehensive Review of Grace Court Estate, Lekki, Lagos

Introduction

Grace Court Estate, located in the vibrant Lekki corridor of Lagos, Nigeria, is a developing residential estate aimed at providing affordable luxury living. Positioned in Ibeju Lekki, specifically in the Eluju area before Eleko Beach Road, it is distinct from other estates like Sparklight Grace Court or Amazing Grace Gardens Phase 1, which are referenced in some sources but are separate entities. This article provides a detailed breakdown of Grace Court Estate, including its location, infrastructure, amenities, property types, pricing, and suitability for residents and investors, based on available information.

Location and Accessibility

Location: Grace Court Estate is situated in Eluju, Ibeju Lekki, Lagos, near Eleko Beach Road, in a fast-growing area known for significant infrastructural developments such as the Dangote Refinery, Lekki Deep-Sea Port, and Lekki International Airport. It is approximately 5–10 minutes from the Lekki-Epe Expressway, offering connectivity to key Lagos hubs.
Travel Time:
- To Victoria Island: Approximately 1 hour to 1 hour 30 minutes during rush hour (6:30 AM – 8:30 AM).
- Off-peak travel to Victoria Island: About 45–50 minutes.
Road Network:
- Main Road: The Lekki-Epe Expressway is tarred and in excellent condition, providing smooth access to the estate’s vicinity.
- Estate Roads: Developing, with ongoing construction of interlocked roads. Some areas may still have unpaved or partially completed roads.
Public Transport: Proximity to the Lekki-Epe Expressway ensures access to public transport options, including buses and ride-hailing services. Nearby transport hubs facilitate commuting.
Navigation: The estate is gated, with security checkpoints at the entrance to ensure controlled access.

Infrastructure

Drainage:
- A comprehensive drainage system is planned to mitigate flooding, a common issue in Lekki. However, as the estate is still developing, some areas may lack fully implemented drainage channels.
Electricity: The estate is expected to feature underground electricity and solar-powered street lighting, though reliance on the public grid (Eko Electricity Distribution Company) may require residents to use generators or inverters for consistent power.
Road Layout: The estate is designed with a planned layout, including good road networks, though some internal roads are still under construction. The layout aims to support both residential and commercial plots.
Security: Features include 24/7 security with surveillance cameras, perimeter fencing, and gated access, ensuring a safe environment for residents.

Amenities and Facilities

Proposed Amenities:
- Recreational areas and kiddies’ zones.
- Sports facilities (specifics not fully detailed in available data).
- Modern gym and game center.
- Solar-powered street lighting.
- Dedicated estate management building.
Nearby Amenities:
- Shopping: AGMART, Dannymart Supermarket, La Paz Mall, and open-air markets like Akodo and Akara for daily needs.
- Recreation: Proximity to Awolowo Museum, Private Beach, La Campagne Tropicana Resort, Lakowe Lakes and Golf Resort, and Lufasi Nature Park.
- Education: Guided Treasures Nursery and Primary School, Flourish Hall International School, and Albesta Academy are nearby, providing quality education options.
- Dining and Leisure: Comfort Lounge, Bar Classique, and Wind Lounge offer dining and nightlife options.
Residents’ Association: A central management authority is planned to oversee maintenance, security, and waste management, with service charges to be determined upon completion of infrastructure.

Property Types and Features

Grace Court Estate offers a mix of residential and commercial land plots, with some developed properties like terrace duplexes. The estate is designed to cater to luxury living with modern urban conveniences.

Property Types:
- Residential land plots (400 sqm, 600 sqm).
- Commercial land plots (600 sqm).
- 3-Bedroom Terrace Duplexes with Boys’ Quarters (BQ) in estates like Amazing Grace Court.
Features (based on similar estates and available data):
- Ensuite rooms with high-quality tiles.
- Fitted kitchens with modern appliances.
- Smart lock doors and CCTV surveillance.
- Laundry spaces, POP fittings, and ceiling-height windows.
- Wiring for inverters, washing machines, AC, and cable TV.
- Spacious living and dining areas.
Titles: Properties typically come with a Registered Survey and Deed of Assignment, with some offering Excision or Certificate of Occupancy (C of O) in process.

Price List (As of Available Data)

Pricing for Grace Court Estate and similar estates in Ibeju Lekki varies based on plot size, type, and development stage. Below is a detailed price list compiled from relevant sources, reflecting market trends in the area. Prices are subject to change, and buyers should verify with agents.

Land for Sale:
- Residential Plots:
  - 400 sqm: ₦2,000,000
  - 600 sqm: ₦3,000,000
- Commercial Plots:
  - 600 sqm: ₦4,000,000
- Documentation Fees:
  - Survey Fee: ₦300,000
  - Development Fee: Often included in the plot price or specified separately (e.g., ₦1,500,000 in similar estates).
- Title: Registered Survey and Deed of Assignment; Excision or C of O in process for some plots.
Developed Properties for Sale:
- 3-Bedroom Terrace Duplex with BQ (e.g., Amazing Grace Court 1):
  - Price: Not explicitly listed but estimated at ₦40,000,000–₦60,000,000 based on similar properties in Ibeju Lekki.
  - Features: 24/7 security, 24/7 power supply, gym, CCTV, estate intercom, water supply, and parking spaces.
- 2-Bedroom Luxury Apartment (e.g., David’s Grace Court 2, Abraham Adesanya):
  - Pre-Launch Price: ₦55,000,000
  - Features: Ensuite rooms, smart lock doors, swimming pool, gym, solar-powered street lighting.
For Rent:
- 4-Bedroom Terrace Duplex with BQ (e.g., Grace Garden Estate, Orchid Road):
  - Rent: ₦4,000,000 per annum
  - Caution Fee: ₦500,000
  - Legal Fee: ₦400,000
  - Agency Fee: ₦400,000
Investment Returns: High appreciation potential due to ongoing developments like the Lekki Free Trade Zone and Deep-Sea Port, with expected annual returns of 20%–30% for investors.

Demographics and Suitability

Residents: Targets middle-income earners, young professionals, families, and investors seeking affordable luxury in a developing area. The estate is ideal for those working in Lekki or Ibeju Lekki’s industrial and commercial hubs.
Lifestyle: The serene environment and proximity to beaches and resorts cater to residents seeking a blend of tranquility and urban access. The estate’s developing nature may appeal to those comfortable with ongoing construction.
Suitability:
- Ideal for investors due to high property appreciation driven by nearby infrastructure projects.
- Suitable for first-time homebuyers seeking affordable luxury with flexible payment plans (e.g., 12–24 months).
- Less ideal for those requiring fully completed amenities or immediate urban conveniences, as the estate is still developing.

Pros and Cons

Pros:
- Strategic location near major developments (Dangote Refinery, Lekki Deep-Sea Port).
- Affordable pricing compared to central Lekki estates like Lekki Phase 1.
- High investment potential with rapid property appreciation.
- Planned modern amenities and secure environment.
- Flexible payment plans for land and properties.
Cons:
- Developing infrastructure may result in incomplete roads or drainage in some areas.
- Distance from central Lagos may be a drawback for daily commuters.
- Limited current amenities within the estate compared to established areas like Lekki Phase 1.
- Dependence on generators/inverters due to inconsistent public power supply.

Comparison to Neighboring Estates

Rating: 3.5/5 compared to estates like Lekki Gardens or Amen Estate, due to its developing status but strong investment potential.
Competitive Edge: More affordable land and property prices than estates like Northern Foreshore or Horizon Estates, with similar luxury promises and proximity to major developments.

Investment Potential

Appreciation: Ibeju Lekki’s growth as a commercial and industrial hub ensures rapid property value appreciation, with land prices expected to rise post-infrastructure completion.
Rental Demand: Strong demand from professionals and expatriates working in nearby industrial zones supports high rental yields.
Commercial Opportunities: Commercial plots allow for businesses like supermarkets or offices, catering to the growing population.

Contact Information

For inquiries or to arrange a site visit, contact:

TPI Homes & Properties Limited (for Gracias Court Scheme 1, similar estate): in**@**********om.ng
Neighbourhood Review: in**@*****************ew.com, +234-8132257106
General Inquiries for Amazing Grace Gardens Phase 1: Contact via lagoslandforsale.com or local agents like Dealclinchers Homes Limited (+234-7031239008).

Conclusion

Grace Court Estate in Eluju, Ibeju Lekki, offers an affordable entry into Lagos’ booming real estate market, with land plots starting at ₦2 million and developed properties like 3-bedroom terrace duplexes estimated at ₦40–60 million. Its strategic location near major infrastructural projects, combined with planned modern amenities, makes it a compelling choice for investors and homebuyers seeking value appreciation and luxury living. However, its developing status means some infrastructure, like roads and drainage, is still in progress. Prospective buyers should verify titles (e.g., Excision, C of O) and inspect properties to ensure alignment with their needs.

Disclaimer: Prices and availability are based on data from 2018–2024 and may have changed due to market dynamics. Always consult real estate agents for current pricing and property status. This review focuses on Grace Court Estate in Ibeju Lekki and does not cover unrelated properties like Grace Court in Chennai or Singapore.