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

Overview

Mobolaji Johnson Estate, located in the prestigious Lekki Phase 1, Lagos, Nigeria, is a well-established, gated residential community named after the former Lagos State Governor, Mobolaji Olufunso Johnson. Situated along Adewunmi Adebimpe Drive, near the 2nd Roundabout off Lekki-Epe Expressway, the estate is renowned for its security, serene environment, and proximity to Victoria Island and other commercial hubs. As one of the earliest estates in Lekki Phase 1, it serves as a model for modern gated communities in the area, offering a mix of residential properties, including semi-detached duplexes, apartments, and limited land parcels. This article provides a detailed breakdown of properties and land for sale or rent in Mobolaji Johnson Estate, including pricing, amenities, and investment potential.

Location

Address: Adewunmi Adebimpe Drive, off Lekki-Epe Expressway, 2nd Roundabout, Marwa Bus Stop, Lekki Phase 1, Lagos, Nigeria.
Neighborhood Highlights:
- Proximity: 10–20 minutes from Victoria Island (10 minutes during rush hour via Lekki-Epe Expressway, 20 minutes off-peak via Oniru routes). Close to Ikoyi, Banana Island, and Lekki Phase 1 landmarks like The Palms Shopping Mall (4 km), Nike Art Gallery (2.5 km), and Novare Mall/Shoprite.
- Accessibility: Main entrance via 2nd Roundabout, with alternative access through Admiralty Way and Freedom Way (near Ikate). Well-connected to major roads, avoiding Lekki Tollgate traffic via Oniru routes.
- Surroundings: Adjacent to estates like Crown Court, Goshen Beach Estate, and Pinnock Beach Estate. Near Marwa Police Post, ensuring additional security.
- Environment: Serene, clean, and flood-free due to effective drainage channels, though narrow internal roads can be a drawback.

Property and Land Types

Mobolaji Johnson Estate primarily offers residential properties, with limited land available due to its fully developed status. Available property types include:

Residential Properties:
- 1-Bedroom Flats (Mini Flats): Self-contained units with shared kitchens in some cases, ideal for singles or small families.
- 3-Bedroom Semi-Detached Duplexes: Includes boys’ quarters (BQ), guest toilets, and spacious living areas. Often newly renovated with floral compounds.
- 4-Bedroom Semi-Detached Duplexes: Features 1–2 room BQ, fitted kitchens, 2 living areas, and parking for 4 cars. All rooms ensuite in premium units.
- 3-Bedroom Duplexes with Large BQ: Spacious units with modern finishes, suitable for families.
Land:
- Sizes: Limited availability, e.g., 450 sqm bare land and 500 sqm with demolishable structures.
- Purpose: Suitable for custom residential or small-scale commercial developments.

Note: No shops or commercial spaces are currently listed for sale or rent in the estate.

Amenities

Mobolaji Johnson Estate is a serviced estate with modern infrastructure and facilities:

Security:
- 24/7 security with uniformed guards, CCTV, and night patrols. Marwa Police Post adjacent to the estate gate enhances safety.
- Access code entry for visitors and secure parking spaces.
Infrastructure:
- Interlocked entrance roads and internal streets (though narrow, limiting to single-lane traffic).
- Effective drainage channels prevent flooding, unlike some parts of Lekki.
- Decent visitor parking near the entrance, though street parking can be challenging.
Utilities:
- Central generator connected to EKDC prepaid meters (₦34 per KWH), supplemented by resident generators and inverters.
- Borehole water supply (not centrally treated, some residents buy tank water).
- Waste management by Lagos State Waste Management Authority (LAWMA).
Community Features:
- Landscaped environment with decent sports facilities and pavements.
- Local amenities include restaurants, clinics, supermarkets, and schools (e.g., British International School, Corona School).
Management:
- Annual service charge: ₦60,000–₦65,000 (₦5,000–₦5,417 monthly), covering generator maintenance, fueling, streetlights, security, waste management, and general upkeep.
- Monthly service charge for duplexes: ₦200,000 (includes diesel deposit for power).

Price List

Pricing for properties and land in Mobolaji Johnson Estate varies based on size, condition, and title. Below is a detailed price list based on available listings as of June 2025 (subject to verification with agents):

Properties for Sale:
- 1-Bedroom Flat:
  - Price: ₦20,000,000 (3 units in a residential close, newly completed).
  - Title: Governor’s Consent.
  - Features: Power supply, 24-hour security, paved compound, borehole water treatment.
- 3-Bedroom Semi-Detached Duplex:
  - Price: ₦150,000,000 (distress sale, includes 2-room BQ, 300 sqm land).
  - Title: Global Certificate of Occupancy (C of O) and Deed of Sublease.
  - Notes: Land value alone at ₦900,000/sqm is ₦270,000,000, making this a bargain.
- 4-Bedroom Semi-Detached Duplex:
  - Price: ₦150,000,000–₦350,000,000 (average: ₦350,000,000).
  - Details:
    - ₦150,000,000 (distress sale, 300 sqm, 2–3 room BQ, Global C of O).
    - ₦280,000,000 (highly improved, 2-room BQ, good title).
    - ₦350,000,000 (2 units available, ensuite rooms, fitted kitchen, 2 living rooms, 24-hour security, access code entry).
  - Title: Certificate of Occupancy or Deed of Assignment.
  - Agency Fee: 5%.
Properties for Rent:
- 1-Bedroom Flat (Self-Contained):
  - Rent: ₦1,800,000 per annum (shared kitchen).
  - Service Charge: ₦1,200,000 p.a.
  - Additional Costs: Agency fee (10%), legal fee (10%).
- 3-Bedroom Duplex with Large BQ:
  - Rent: ₦8,500,000 per annum.
  - Service Charge: ₦200,000 monthly (includes diesel deposit, pay-as-you-go power).
- 4-Bedroom Semi-Detached Duplex:
  - Rent: ₦5,000,000–₦8,500,000 per annum (indicative, based on similar listings).
  - Features: 2-room BQ, 2 living areas, ensuite rooms, spacious compound for 4 cars.
  - Service Charge: ₦200,000 monthly.
  - Additional Costs: Agency fee (10%), legal fee (10%), caution deposit (₦500,000–₦800,000).
Land for Sale:
- 450 sqm (Bare Land):
  - Price: ₦220,000,000 (slightly negotiable, near 2nd Roundabout).
  - Title: Certificate of Occupancy.
- 500 sqm (with Demolishable Structure):
  - Price: ₦230,000,000 (Kingsley Emu Street, near estate).
  - Title: Lagos State Certificate of Occupancy.
- Agency Fee: 5–10%.
- Legal/Documentation Fees: 5–10% for Deed of Assignment or title processing.

Note: No shops or commercial properties are currently listed. Prices are subject to change; contact agents like Keland & Associates (09094293351), Kings Court Realtors (07089997733), or Vallecano Ventures (08027294775) for updates.

Investment Potential

Rental Income:
- 1-bedroom flats yield ₦1,800,000–₦2,500,000 annually, offering 5–10% returns on purchase price (e.g., ₦20,000,000 investment).
- 3–4 bedroom duplexes fetch ₦5,000,000–₦8,500,000 per year, ideal for high-income tenants.
Capital Appreciation:
- Land and properties in Lekki Phase 1 appreciate by 20–30% annually due to its prime location. Land valued at ₦900,000/sqm (e.g., ₦270,000,000 for 300 sqm) supports distress sales like ₦150,000,000 duplexes as bargains.
- Example: A ₦150,000,000 duplex on 300 sqm could resell for ₦280,000,000–₦350,000,000 after improvements.
Resale Value:
- 4-bedroom duplexes command ₦280,000,000–₦350,000,000, reflecting strong demand in Lekki Phase 1’s luxury market.

Comparison with Nearby Estates

Millennium Estate (Lekki Phase 1/Oniru):
- 3-Bedroom Flat: ₦33,000,000–₦120,000,000; Rent: ₦3,500,000–₦6,000,000 p.a.
- Features: Similar serviced amenities, more focus on flats than duplexes.
Pinnock Beach Estate (Osapa):
- 600 sqm Land: ₦240,000,000; 4-Bedroom Duplex: ₦400,000,000.
- Amenities: Beachfront views, higher price point.
Oral Estate (near Chevron Tollgate):
- 600 sqm Land: ₦90,000,000–₦120,000,000.
- More affordable but less central than Mobolaji Johnson Estate.

How to Purchase or Rent

Contact Agents:
- Reach out to verified agents like:
  - Keland & Associates: 09094293351 (land).
  - Kings Court Realtors: 07089997733 (rentals).
  - Vallecano Ventures: 08027294775 (sales).
  - Paul Osaji And Co: 08079792003 (rentals).
- Check listings on Nigeria Property Centre (nigeriapropertycentre.com) or PropertyPro.ng.
Site Inspection:
- Schedule visits (Monday–Saturday, 8:00 AM–8:00 PM, 2-hour notice) via Adewunmi Adebimpe Drive or 2nd Roundabout.
Due Diligence:
- Verify titles (Certificate of Occupancy, Global C of O, or Deed of Sublease) through land registry search.
- Engage a lawyer to review documents and confirm no encumbrances.
Payment Options:
- Sales: Outright payment preferred; distress sales (e.g., ₦150,000,000 duplex) slightly negotiable.
- Rentals: Annual payment required; 2-year leases may offer discounts.
- Land: Outright payment for immediate allocation.
Documentation:
- Obtain Certificate of Occupancy, Deed of Sublease, or Deed of Assignment.
- Pay agency (5–10%), legal (5–10%), and service charges (₦60,000–₦200,000 monthly).

Clarification

Location: Mobolaji Johnson Estate is in Lekki Phase 1, not Ikate or Oniru, though accessible via Ikate’s Freedom Way.
Development Status: A fully developed, older estate with well-maintained infrastructure, unlike newer estates in Ibeju-Lekki.
Naming: Named after Mobolaji Johnson, former Lagos Governor, not related to Mobolaji Johnson & Co (a chartered accounting firm).

Conclusion

Mobolaji Johnson Estate, Lekki Phase 1, is a secure and prestigious residential community offering 1-bedroom flats (₦20,000,000), 3–4 bedroom duplexes (₦150,000,000–₦350,000,000), and limited land parcels (₦220,000,000–₦230,000,000). With 24-hour security, reliable power, and proximity to Victoria Island, it’s ideal for high-income families and investors seeking 20–30% annual appreciation and rental yields of ₦1,800,000–₦8,500,000. Its narrow roads are a minor drawback, offset by excellent infrastructure and a serene environment. For current listings, contact agents like Keland & Associates or Kings Court Realtors and conduct due diligence to secure your investment.

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

Mobolaji Johnson Estate, Lekki: (Full Details + Price List)