Pinnock Beach Estate, Lekki: (Full Review + Price List)

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

Overview

Pinnock Beach Estate, developed by UPDC Plc, a subsidiary of UACN Property Development Company, is a prestigious beachfront gated community located in Osapa London, Lekki, Lagos, Nigeria. Spanning approximately 84 hectares, this luxurious estate, initiated in 2004 and completed in 2008, is renowned for its serene environment, high-end properties, and direct access to the Atlantic Ocean, offering breathtaking views and a cool sea breeze. Situated off Femi Okunnu Road (Shoprite/Circle Mall Road), it attracts high-net-worth individuals, celebrities like Don Jazzy, and expatriates seeking exclusivity and security. This article provides a comprehensive breakdown of properties and land available in Pinnock Beach Estate, including pricing, amenities, and investment potential.

Location

  • Address: Pinnock Beach Estate, Osapa London, off Femi Okunnu Road, Lekki, Lagos, Nigeria.
  • Neighborhood Highlights:
    • Proximity: 15 minutes from Lekki Phase 1, 20–30 minutes from Victoria Island, and 10 minutes from Ajah via Lekki-Epe Expressway. Close to Circle Mall (under reconstruction, 5-minute drive) and Elegushi Beach.
    • Landmarks: Near Mobil/Eterna Filling Station, Femi Okunnu Housing Estate, and Castle Rock Avenue. Other attractions include Lekki Conservation Centre (10 minutes), Lagos Business School, and Novare Mall/Shoprite.
    • Accessibility: Accessible via Lekki-Epe Expressway at the 4th Roundabout or Femi Okunnu Road, with well-paved internal roads and a gated entrance. Ride-hailing services (Uber, Bolt) are readily available, though external traffic at Jakande can be heavy during rush hours (6–9 AM, 4:30–10 PM).
    • Surroundings: Adjacent to estates like Cowrie Creek, Victory Park, and Friends Colony, with proximity to commercial hubs, schools (Supreme House Montessori, Nimah International), and recreational spots.

Property and Land Types

Pinnock Beach Estate offers a mix of high-end residential properties and limited land parcels, designed for luxury living:

  • Residential Properties:
    • 3-Bedroom Maisonette/Apartment: Ensuite rooms, ideal for rentals or small families, often with boys’ quarters (BQ).
    • 4-Bedroom Detached/Semi-Detached Duplex: Features 1–2 room BQ, fitted kitchens, and spacious compounds.
    • 5-Bedroom Detached Duplex: Premium units with swimming pools, cinemas, gyms, elevators, and smart home automation.
    • 6-Bedroom Detached Duplex: Fully furnished, spacious homes with 1–2 room BQ, pools, and rooftop terraces.
  • Land:
    • Sizes: High-density plots (703–960 sqm), low-density plots (513 sqm), and custom sizes (500–1,110 sqm).
    • Purpose: Residential plots for detached houses (low-density) or 6–7 unit apartments (high-density).

Amenities

Pinnock Beach Estate is fully serviced with world-class infrastructure, setting a benchmark for luxury estates in Lekki:

  • Security:
    • 24/7 armed police and corporate security personnel at gated entry/exit points.
    • CCTV surveillance, access-control systems, and regular patrols for enhanced safety.
  • Infrastructure:
    • Asphaltic concrete-finished roads with reinforced U-shaped stormwater drainage and culverts.
    • Well-landscaped environment with lush greenery, reserved green areas, and boundary retaining walls.
  • Utilities:
    • 24-hour power supply via dedicated transformers and EKDC connection, supplemented by individual generators (e.g., 20 KVA).
    • Potable water from industrial boreholes with treatment plants.
    • Central sewage and waste management systems.
  • Community Features:
    • Recreational facilities including tennis courts, mini soccer fields, and children’s playgrounds.
    • Beachfront access with over 1 km of pristine shoreline for relaxation and water sports.
    • Designated green spaces and parks for jogging and leisure.
  • Property Features:
    • Fully fitted kitchens with built-in appliances (microwaves, ovens, gas cookers).
    • Ensuite rooms with walk-in closets, Jacuzzis, and luxury sanitary wares.
    • Smart home automation, inbuilt audio systems, and bulletproof biometric doors in premium units.
    • Swimming pools, cinemas, gyms, elevators, and rooftop terraces in high-end duplexes.
  • Management:
    • Managed by UPDC Plc, ensuring professional maintenance and high standards.
    • Annual service charge: ₦865,000–₦1,500,000 (₦72,083–₦125,000 monthly), covering security, power, water, and waste management.

Price List

Pricing for properties and land in Pinnock Beach Estate varies based on size, features, and location within the estate. Below is a detailed price list based on available listings as of June 2025 (subject to verification with agents):

  • Properties for Sale:
    • 3-Bedroom Maisonette with BQ:
      • Price: ₦103,000,000 (off-plan, was ₦120,000,000, Resawe Homes, 08052955715).
      • Features: Newly built, all ensuite, interlocked streets, family lounge, balconies.
      • Title: Governor’s Consent.
      • Payment Plan: 30% initial deposit, balance over 18 months.
    • 4-Bedroom Detached Duplex:
      • Price: ₦450,000,000–₦950,000,000.
      • Details:
        • ₦450,000,000 (smart home, furnished, rooftop sit-out, pool, 20 KVA generator, Aceintel, aceintelng.com).
        • ₦950,000,000 (fully detached, cinema, pool, inbuilt speakers, Interiorscapes, 08168587007).
      • Features: Ensuite rooms, 1–2 room BQ, fitted kitchen, 24-hour security.
      • Title: Governor’s Consent.
    • 5-Bedroom Detached Duplex:
      • Price: ₦300,000,000–₦1,500,000,000.
      • Details:
        • ₦300,000,000 (distressed, 500 sqm, Rosemond Hills, 09098586908).
        • ₦450,000,000 (500 sqm, 2 units available, Future Homes, 08033389765).
        • ₦480,000,000 (smart home, pool, cinema, gym, 635 sqm, Siaca Royalle, +2347025004779).
        • ₦650,000,000 (gym, cinema, pool, Wrix-way Properties, 09065544257).
        • ₦690,000,000 (700 sqm, 2-room BQ, Grace First Properties, 08081182285).
        • ₦1,400,000,000 (pool, cinema, rooftop terrace, 1,110 sqm, Michael Adekojo, 08092806691).
        • ₦1,500,000,000 (pool, 2 BQ, gym, office, cinema, elevator, K.A & Co., 09037628062).
      • Features: Smart automation, bulletproof doors, 5–10 car parking, CCTV.
      • Title: Governor’s Consent, C of O.
    • 6-Bedroom Detached Duplex:
      • Price: ₦500,000,000–₦1,500,000,000.
      • Details:
        • ₦500,000,000 (fully furnished, 500 sqm, pool, 10 KVA inverter, Divention Properties, 08032443481).
        • ₦1,500,000,000 (waterfront, jetty, elevator, 2 kitchens, K.A & Co., 09037628062).
      • Features: Ensuite rooms, 1–2 room BQ, dual sitting rooms, large pool, solar panels.
      • Title: Governor’s Consent.
    • Average House Price: ₦450,000,000 (PropertyPro.ng, June 2025).
  • Properties for Rent:
    • 3-Bedroom Apartment with BQ:
      • Rent: ₦10,000,000 per annum.
      • Details: Serviced, total package ₦13,865,000 (rent: ₦10,000,000, agency: ₦1,000,000, legal: ₦1,000,000, caution: ₦1,000,000, service: ₦865,000, Michael Adekojo, 08092806691).
      • Features: Ensuite rooms, fitted kitchen, 24-hour power, clean water.
    • 5-Bedroom Detached Duplex:
      • Rent: ₦18,000,000 per annum.
      • Details: Spacious, clean water, CCTV, total package ₦22,600,000 (agency: 10%, legal: 10%, caution: 10%, Michael Adekojo, 08164276682).
      • Features: Ensuite rooms, fitted kitchen, BQ, stamped concrete floor.
  • Land for Sale:
    • High-Density Plots (703–960 sqm):
      • Price: ₦281,200,000–₦384,000,000 (₦400,000 per sqm, ownahome.ng).
      • Details: Suitable for 6–7 unit apartments.
      • Title: Deed of Assignment, Governor’s Consent.
    • Low-Density Plots (513 sqm):
      • Price: ₦179,550,000 (₦350,000 per sqm, ownahome.ng).
      • Details: Suitable for detached houses or 2 semi-detached units.
      • Title: Deed of Assignment, Governor’s Consent.
    • 500 sqm:
      • Price: ₦350,000,000–₦550,000,000 (Aceintel, aceintelng.com; LinkedIn, 2023).
      • Details: Centrally located, ideal for custom homes.
      • Title: Governor’s Consent.
    • Average Land Price: ₦136,648,065 (PropertyPro.ng, March 2025).
  • Additional Costs:
    • Agency Fees: 5–10% for sales, 10% for rentals.
    • Legal Fees: 5–10% for documentation, 10% for rentals.
    • Service Charge: ₦865,000–₦1,500,000 p.a., covering utilities and maintenance.
    • Caution Deposit: ₦50,000–₦1,000,000 for rentals.

Note: Prices are subject to change. Contact agents like Michael Adekojo (08092806691), K.A & Co. (09037628062), or Future Homes (08033389765) for updates.

Investment Potential

  • Rental Income:
    • 3-bedroom apartments yield ₦10,000,000 annually, offering 6–8% returns on a ₦103,000,000 investment.
    • 5-bedroom duplexes fetch ₦18,000,000 p.a., with short-lets potential at ₦150,000–₦200,000/day near Elegushi Beach.
    • High demand from expatriates and corporate clients ensures consistent rental income.
  • Capital Appreciation:
    • Land appreciates by 30–50% annually due to beachfront location and Lekki’s growth (e.g., Lekki Free Trade Zone, Coastal Road). A 500 sqm plot at ₦350,000,000 could reach ₦450,000,000–₦525,000,000 in 2–3 years.
    • Properties like 5-bedroom duplexes (₦300,000,000–₦1,500,000,000) benefit from high demand and exclusivity.
  • Resale Value:
    • Premium duplexes with features like elevators and jetties (₦1,400,000,000–₦1,500,000,000) attract affluent buyers, ensuring strong resale potential.

Comparison with Nearby Estates

  • Cowrie Creek Estate (Ikate):
    • 800–850 sqm Land: ₦750,000,000; 5-Bedroom Duplex: ₦750,000,000.
    • Features: Serene, but less beachfront access than Pinnock.
  • Northern Foreshore Estate (Chevron):
    • 5-Bedroom Duplex: ₦150,000,000–₦700,000,000; Rent: ₦13,000,000–₦15,000,000 p.a.
    • Features: 24-hour power, tennis courts, but no oceanfront.
  • Victory Park Estate (Jakande):
    • 624 sqm Land: ₦220,000,000; 4-Bedroom Duplex: ₦200,000,000.
    • Features: Affordable, but fewer luxury amenities.

How to Purchase or Rent

  1. Contact Agents:
    • Reach out to verified agents like:
      • Michael Adekojo & Company: 08092806691 (duplexes, apartments).
      • K.A & Co.: 09037628062 (premium duplexes).
      • Future Homes: 08033389765 (5-bedroom duplexes).
      • Resawe Homes: 08052955715 (maisonettes).
    • Check listings on Nigeria Property Centre (nigeriapropertycentre.com) or PropertyPro.ng.
  2. Site Inspection:
    • Schedule visits (Monday–Saturday, 8:00 AM–8:00 PM, 2-hour notice) via Femi Okunnu Road or Lekki-Epe Expressway.
  3. Due Diligence:
    • Verify titles (Governor’s Consent, C of O, Deed of Assignment) through land registry search.
    • Engage a lawyer to review documents and confirm no encumbrances.
  4. Payment Options:
    • Sales: Outright payment preferred; off-plan units (e.g., ₦103,000,000 maisonette) offer 18-month plans with 30% deposit.
    • Rentals: Annual payment; 2-year leases may offer discounts.
  5. Documentation:
    • Obtain Governor’s Consent, C of O, or Deed of Assignment.
    • Pay agency (5–10%), legal (5–10%), and service charges (₦865,000–₦1,500,000 p.a.).

Clarification

  • Pinnock Beach Estate: Located in Osapa London, Lekki, not Lekki Phase 1, though accessible via Jakande Road. Distinct from Pinnock Prime Estate, a newer adjacent development.
  • Development Status: Fully developed with 40% built-up, featuring asphaltic roads, drainage, and beachfront access. Phase 3 includes 79 housing units (detached houses, semi-detached duplexes, apartments).
  • Ownership: Developed by UPDC Plc, not Prebendal Services Limited, despite initial collaboration.

Conclusion

Pinnock Beach Estate, Osapa London, Lekki, epitomizes luxury coastal living with 3–6 bedroom properties (₦103,000,000–₦1,500,000,000), rentals (₦10,000,000–₦18,000,000 p.a.), and land (₦179,550,000–₦550,000,000). Boasting 24-hour power, security, and beachfront access, it rivals Cowrie Creek and Northern Foreshore. With 30–50% annual appreciation and high rental yields, it’s ideal for investors and affluent residents. Contact agents like Michael Adekojo (08092806691) or K.A & Co. (09037628062) 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.

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