Millennium Estate, Lekki: Full Details with Complete Breakdown and Price List

Overview

Millennium Estate, located in the upscale Lekki Phase 1 and Oniru areas of Lagos, Nigeria, is a prestigious gated residential community known for its luxury, security, and prime location. Positioned off Admiralty Way and near Fatai Arobieke Street, the estate offers a serene environment with proximity to major business hubs, shopping malls, and recreational facilities. Managed by reputable developers, Millennium Estate is ideal for high-net-worth individuals, families, and investors seeking premium real estate in one of Lagos’ most sought-after neighborhoods. This article provides a comprehensive breakdown of land and properties for sale in Millennium Estate, including plot sizes, amenities, pricing, and investment potential.

Location

Address: Millennium Estate, off Admiralty Way, Lekki Phase 1, and Oniru, Eti-Osa, Lagos, Nigeria.
Neighborhood Highlights:
- Lekki Phase 1: A well-planned residential government scheme, formerly a slum, now one of Lagos’ most luxurious areas with high-end estates, restaurants, and malls like The Palms Shopping Mall (4 km southwest) and Novare Mall/Shoprite.
- Oniru: Adjacent to Victoria Island, a commercial hub, with proximity to landmarks like the British International School and Eleganza Biro Plaza (2.41 km away).
- Accessibility: Close to Lekki-Epe Expressway, 10–15 minutes from Victoria Island, and near attractions like Nike Art Gallery (2.5 km south) and Banana Island (3 km west).
- Surroundings: Near Zeina Suites, This Present House, and other gated estates like Crown Court Estate and Goshen Beach Estate.

Land and Property Types

Millennium Estate offers a mix of land and built properties for residential and commercial use:

Land:
- Sizes: Large plots, e.g., 3,610 sqm (corner piece, suitable for high-rise buildings).
- Purpose: Ideal for custom luxury homes, apartment complexes, or commercial developments.
Built Properties:
- 4-Bedroom Semi-Detached Duplex: Includes boys’ quarters (BQ), guest chalet, and modern finishes.
- 4-Bedroom Terrace Duplex: Features spacious layouts, fitted kitchens, and ample parking.
- 5-Bedroom Detached/Semi-Detached Duplex: Includes BQ, swimming pool, and premium amenities.
- 2-Bedroom Flats: Serviced apartments with fitted kitchens and wardrobes.
- Apartments and Studios: Available in nearby Millennium Apartments and Studios, offering short- and long-term stay options.

Amenities

Millennium Estate is equipped with top-tier infrastructure to ensure a luxurious and secure living experience:

Security:
- 24/7 gated access with security personnel and CCTV surveillance.
- Secured parking and perimeter fencing.
Infrastructure:
- Paved roads with interlocked surfaces.
- Well-designed drainage system to prevent flooding.
- Underground power cables for reliable electricity.
Utilities:
- Industrial borehole with water treatment plant for clean water supply.
- Central sewage system.
- Streetlights for safety and aesthetics.
Community Features:
- Landscaped green areas and serene ambiance.
- Proximity to recreational facilities like pools, gyms, and children’s play areas (available in some sections or nearby Millennium Apartments).
- Access to nearby amenities like The Palms Shopping Mall, cinemas, and restaurants.
Additional Services:
- 24-hour estate security and management services.
- Self-serviced power options (residents provide generators in some cases, with monthly service charges).

Price List

Pricing for land and properties in Millennium Estate varies based on size, type, and location. Below is a detailed price list based on available data as of June 2025 (prices are subject to verification with agents or developers):

Land:
- 3,610 sqm (Corner Piece):
  - Price: ₦700,000,000 (with approval for high-rise buildings, Registered Conveyance title).
  - Notes: Open to nearest offer; suitable for commercial or residential high-rise.
Built Properties (Lekki Phase 1):
- 4-Bedroom Semi-Detached Duplex:
  - Price: ₦73,000,000 (negotiable, includes 2-bedroom guest chalet, industry borehole, water treatment plant).
  - Title: Governor’s Consent.
- 2-Bedroom Flat (Serviced):
  - Rent: ₦3,500,000 per annum (service charge: ₦1,000,000 p.a., legal/agency fees: 10% each).
  - Features: Fitted kitchen, wardrobes, all rooms ensuite.
Built Properties (Oniru):
- 4-Bedroom Terrace Duplex:
  - Price: ₦120,000,000–₦150,000,000 (11 units, includes BQ, ACs, cooker, fridge, washing machine, swimming pool, gym).
  - Title: Governor’s Consent or Certificate of Occupancy.
- 5-Bedroom Semi-Detached Duplex:
  - Price: ₦500,000,000 (672 sqm land, includes 2-room BQ, garden, children’s playground, water treatment plant).
  - Rent: ₦11,000,000–₦15,000,000 per annum (service charge: ₦1,500,000 p.a., caution deposit: ₦500,000).
  - Title: Certificate of Occupancy.
Additional Costs:
- Agency Fees: 5–10% of purchase or rental price.
- Legal Fees: 5–10% for documentation (Deed of Assignment, Governor’s Consent, or Certificate of Occupancy).
- Service Charge: ₦15,000–₦1,000,000 monthly (varies by property, self-serviced power in some cases).

Note: Prices are indicative and may fluctuate. Contact verified agents (e.g., Chime & Partners: 08141649051, Kmoyo Empire: +2348088044183) or check platforms like PropertyPro.ng or PrivateProperty.com.ng for current listings.

Investment Potential

Rental Income:
- 2-bedroom flats yield ₦3,500,000–₦5,000,000 annually, while 4–5 bedroom duplexes fetch ₦7,000,000–₦15,000,000 per year, offering 5–8% rental yields.
- Short-let opportunities (e.g., via Airbnb at Millennium Apartments) are lucrative due to proximity to business and leisure hubs.
Capital Appreciation:
- Land and properties in Lekki Phase 1 and Oniru appreciate by 20–30% annually due to high demand and infrastructure development.
- Example: A 3,610 sqm plot at ₦700,000,000 could see significant value growth with high-rise development.
Resale Value:
- Completed properties like 4-bedroom duplexes sell for ₦120,000,000–₦500,000,000, reflecting strong demand for luxury homes in Millennium Estate.

Comparison with Nearby Estates

Horizon Estates (Lekki Phase 1):
- 4-Bedroom Duplex: ₦150,000,000–₦200,000,000.
- Amenities: 24-hour power, swimming pools, similar to Millennium but with more flexible payment plans.
Pinnock Beach Estate (Osapa):
- 600 sqm Land: ₦240,000,000.
- Features: Beachfront views, higher price point than Millennium’s built properties.
Oral Estate (near Chevron Tollgate):
- 600 sqm Land: ₦90,000,000–₦120,000,000.
- More affordable but less central than Millennium Estate.

How to Purchase

Contact Agents or Developer:
- Reach out to verified agents like Chime & Partners (08141649051), Kmoyo Empire (+2348088044183), or Anthrust Properties (08034973331).
- Check listings on PropertyPro.ng, PrivateProperty.com.ng, or Nigeria Property Centre.
Site Inspection:
- Schedule a visit (Monday–Saturday, 8:00 AM–8:00 PM, 2-hour notice) to view plots or properties.
- Location reference: Fatai Idowu Arobieke Street or BIS Drive, Maroko, Lagos.
Due Diligence:
- Verify titles (Governor’s Consent, Certificate of Occupancy, or Registered Conveyance) via land registry search.
- Engage a lawyer to review Deed of Assignment and ensure no encumbrances.
Payment Options:
- Outright Payment: Preferred for discounts and immediate allocation.
- Installment Plans: Limited availability, typically 3–6 months for land, up to 12 months for off-plan properties.
Documentation:
- Obtain Governor’s Consent, Certificate of Occupancy, or Registered Conveyance.
- Pay applicable fees (agency, legal, and estate levies).

Clarification

Millennium Estate (Lekki Phase 1/Oniru): Distinct from Millennium Estate in Gbagada, Lagos, which focuses on terrace and detached duplexes (e.g., 4-bedroom terrace at ₦220,000,000–₦280,000,000).
Millennium Apartments and Studios: A separate hospitality-focused property at 14B Adewale Kolawole Crescent, offering short/long-term stays, not for sale but relevant for rental comparisons.
Development Status: Fully developed with operational infrastructure, unlike newer estates in Ibeju-Lekki.

Conclusion

Millennium Estate in Lekki Phase 1 and Oniru offers a prime opportunity for luxury living and investment in one of Lagos’ most affluent areas. With land prices starting at ₦700,000,000 for large plots and built properties ranging from ₦73,000,000 to ₦500,000,000, the estate caters to high-end buyers and investors. Its strategic location, robust amenities, and 20–30% annual appreciation make it a compelling choice. For current pricing, inspections, or inquiries, contact trusted agents or visit PropertyPro.ng or PrivateProperty.com.ng. Always conduct thorough due diligence to ensure a secure purchase.

Disclaimer: Prices and availability are subject to change. Verify all details with the developer or licensed real estate agents before proceeding.

Millennium Estate Lekki: (Full Review and Price List)