Victory Park Estate, Lekki: (Full Review + Price List)

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

Overview

Victory Park Estate is a prestigious gated residential community located in Osapa London, Lekki, Lagos, Nigeria. Developed through a joint venture between Grant Properties Limited and four banks (Skye Bank Plc, Sterling Bank Plc, Wema Bank Plc, and Unity Bank Plc), this high-class estate spans a significant area behind Femi Okunnu Estate, offering a serene and secure environment. Known for its modern infrastructure, recreational facilities, and proximity to key commercial hubs like Circle Mall and Victoria Island, Victory Park Estate is ideal for affluent families, professionals, and investors. This article provides a comprehensive breakdown of properties and land available, including pricing, amenities, and investment potential.

Location

  • Address: Victory Park Estate, Osapa London, Lekki, Lagos, Nigeria.
  • Neighborhood Highlights:
    • Proximity: Approximately 12 minutes from Victoria Island, 10–15 minutes from Lekki Phase 1, and 5 minutes from Jakande via Lekki-Epe Expressway. Close to Circle Mall (5-minute drive) and Elegushi Beach.
    • Landmarks: Behind Femi Okunnu Estate, near Pinnock Beach Estate, Cowrie Creek Estate, and Shoprite (Circle Mall). Other nearby amenities include Lekki Conservation Centre (10 minutes) and Lagos Business School.
    • Accessibility: Accessible via Femi Okunnu Road or Jakande Road off Lekki-Epe Expressway. Internal roads are interlocked, with effective drainage systems. External traffic at Jakande can be heavy during rush hours (6–9 AM, 4:30–10 PM).
    • Surroundings: Surrounded by upscale estates like Pinnock Beach, Femi Okunnu, and Friends Colony, with proximity to schools (e.g., Supreme House Montessori), malls, and recreational facilities.

Property and Land Types

Victory Park Estate offers a mix of residential properties and land parcels, catering to various preferences:

  • Residential Properties:
    • 4-Bedroom Detached/Semi-Detached Duplex: Includes 1–2 room boys’ quarters (BQ), fitted kitchens, and spacious compounds.
    • 5-Bedroom Detached/Semi-Detached Duplex: Luxury units with swimming pools, cinemas, and smart home features in premium listings.
    • 2-Bedroom Maisonette: Available in nearby estates, used as a benchmark for rentals.
  • Land:
    • Sizes: 450 sqm, 480 sqm, 550 sqm, 624 sqm, 900 sqm, and 1,000 sqm.
    • Purpose: Residential plots for custom homes or mixed-use developments in select areas.

Amenities

Victory Park Estate is designed with high-end facilities, ensuring a premium living experience:

  • Security:
    • 24/7 gated access with restricted entry; visitors must call hosts for approval.
    • CCTV surveillance and professional security personnel for safety.
  • Infrastructure:
    • Interlocked roads with robust drainage systems to prevent flooding.
    • Well-maintained environment with ample green areas and landscaping.
  • Utilities:
    • Constant electricity supply via estate transformers and EKDC connection.
    • Clean water from industrial boreholes and water treatment plants.
    • Central sewage and waste management systems.
  • Community Features:
    • Recreational facilities including a swimming pool, gym, tennis court, and children’s playground.
    • Green areas for jogging and leisure, fostering a serene ambiance.
  • Property Features:
    • Fitted kitchens with gas cookers, electric ovens, microwaves, and heat expellers.
    • All rooms ensuite with walk-in closets, balconies, bathtubs, and showers.
    • Smart home automation, cinemas, and pools in high-end units.
    • Ample parking (up to 12 cars in premium duplexes) and interlocked compounds.
  • Management:
    • Managed by Grant Properties and estate associations, ensuring upkeep.
    • Annual service charge: Approximately ₦600,000–₦1,200,000 (₦50,000–₦100,000 monthly), covering security, power, water, and maintenance (indicative, based on similar estates).

Price List

Pricing for properties and land in Victory Park Estate varies based on size, features, and market conditions. Below is a detailed price list based on available listings as of June 2025 (subject to verification with agents):

  • Properties for Sale:
    • 4-Bedroom Detached Duplex:
      • Price: ₦200,000,000–₦250,000,000.
      • Details: Ensuite rooms, 1-room BQ, fitted kitchen, interlocked compound (indicative, based on similar estates like Northern Foreshore).
      • Title: Certificate of Occupancy (C of O).
    • 5-Bedroom Detached/Semi-Detached Duplex:
      • Price: ₦125,000,000–₦620,000,000.
      • Details:
        • ₦125,000,000 (new, pool, 1-room BQ, Rosemond Hills, PID: EWMK95684).
        • ₦500,000,000 (semi-detached, pool, cinema, BQ, Consent, @homes_assu1, reduced from ₦620,000,000).
        • ₦550,000,000 (detached, pool, cinema, 12-car parking, Spc Estate Chariots, 08108271226).
      • Features: Ensuite rooms, 2 sitting rooms, fitted kitchen, water treatment, balconies, smart features in premium units.
      • Title: C of O, Governor’s Consent.
    • Average House Price: ₦450,000,000 (PropertyPro.ng, December 2024).
    • Cheapest House: ₦60,000,000; Most Expensive: ₦1,000,000,000.
  • Properties for Rent:
    • 2-Bedroom Maisonette (Nearby Benchmark):
      • Rent: ₦90,000–₦105,000/day (short-let, indicative from Northern Foreshore’s Maven Flats).
      • Features: Furnished, WiFi, Netflix, 24-hour power.
    • 5-Bedroom Detached Duplex:
      • Rent: ₦14,000,000 per annum (Jakande, Lekki, Spc Estate Chariots, 08108271226).
      • Total Package: ₦18,200,000 (rent: ₦14,000,000, agency: 10%, legal: 10%, caution: ₦1,000,000, service: ₦1,200,000).
      • Features: Fitted kitchen, POP ceilings, self-compound, 24-hour security.
  • Land for Sale:
    • 450 sqm:
      • Price: ₦45,000,000 (distress sale, 2019, market value ₦55,000,000, Mash Incorporated).
      • Title: C of O, New Survey, Deed of Assignment.
    • 480 sqm:
      • Price: ₦240,000,000 (Future Homes, 08033389765).
      • Title: C of O.
    • 550 sqm:
      • Price: Not specified; indicative ₦250,000,000–₦275,000,000 (TPI Homes, 2020).
      • Title: C of O.
    • 624 sqm:
      • Price: ₦220,000,000 (indicative, PrivateProperty.com.ng).
      • Title: C of O.
    • 900 sqm:
      • Price: ₦90,000,000 (distress sale, 2019, Mash Incorporated).
      • Title: C of O, New Survey, Deed of Assignment.
    • 1,000 sqm:
      • Price: Not specified; indicative ₦400,000,000–₦450,000,000 (TPI Homes, 2020).
      • Title: C of O.
  • Additional Costs:
    • Agency Fees: 5–10% for sales, 10% for rentals.
    • Legal Fees: 5–10% for documentation, 10% for rentals.
    • Service Charge: ₦600,000–₦1,200,000 p.a. (indicative).
    • Caution Deposit: ₦50,000–₦1,000,000 for rentals.

Note: Prices are subject to change. Contact agents like Rosemond Hills (PID: EWMK95684), Future Homes (08033389765), or Spc Estate Chariots (081082644) for updates.

Investment Potential

  • Rental Income:
    • 5-bedroom duplexes yield ₦14,000,000 annually, offering 5–7% returns on a ₦500,000,000–₦620,000,000 investment.
    • Short-lets for similar properties (e.g., 2-bedroom maisonettes) fetch ₦90,000–₦105,000/day, ideal for high occupancy near Circle Mall.
    • Demand from professionals and families ensures consistent rental income.
  • Capital Appreciation:
    • Properties and land appreciate by 20–30% annually due to proximity to Lekki Phase 1 and developments like Lekki Free Trade Zone and the proposed airport.
    • Example: A 480 sqm plot at ₦240,000,000 could reach ₦300,000,000–₦360,000,000 in 2–3 years.
  • Resale Value:
    • Premium 5-bedroom homes with duplexes (₦500,000,000–₦620,000,000) with pools and cinemas attract high-net-worth buyers, ensuring strong resale potential.

Comparison with Nearby Estates

  • Pinnock Beach Estate (Osapa):
    • 500 sqm Land: ₦350,000,000–₦550,000,000; 5-Bedroom Duplex: ₦1,500,000,000.
    • Features: Beachfront access, but higher prices and farther from Victoria Island.
  • Northern Foreshore Estate (Chevron):
    • 5-Bedroom Duplex: ₦150,000,000–₦700,000,000; Rent: ₦13,000,000 p.a.
    • Features: 24-hour power, tennis courts, but no beach proximity.
  • Cowrie Creek Estate (Ikate):
    • 800 sqm Land: ₦750,000,000; less recreational focus than Victory Park.

How to Purchase or Rent

  1. Contact Agents:
    • Reach out to verified agents like:
      • Rosemond Hills: Contact via PrivatePropertyNg (PID: EWMK95684).
      • Future Homes: 08033389765 (land, duplexes).
      • Spc Estate Chariots: 081082644 (rentals, duplexes).
      • @homesengu1 (X handle for premium duplexes).
    • 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 Femi Okunnu Road or Jakande Road.
  • 3. Due Diligence:
    • Verify titles (C of O, Governor’s Consent, Deed of Assignment) through land registry search.
    • Engage a lawyer to review documents for no encumbrances.
  • 4. Payment Options:
    • Sales: Outright payment is standard; some listings may be negotiable (e.g., ₦620,000,000 reduced to ₦500,000,000).
    • Rentals: Annual payment required; 2-year leases may offer discounts.
  • 5. Documentation:
    • Obtain C of O, Governor’s Consent, or Deed of Assignment.
    • Pay agency (5–10%), legal (5–10%), and service charges (₦600,000–₦1,200,000 p.a.).

Clarification

  • Victory Park Estate: Located in Osapa London, Lekki, behind Femi Okunnu Estate, not to be confused with Victory Park in Ikate Elegushi (a mixed-use development by Indigem Homes).
  • Development Status: Fully developed with infrastructure like interlocked roads, 24-hour power, and recreational facilities.
  • No Flats for Rent: Current focus is on duplexes and land; maisonette rentals are indicative from nearby estates.

Conclusion

Victory Park Estate, Osapa London, Lekki, offers a luxurious lifestyle with 4–5 bedroom duplexes (₦125,000,000–₦620,000,000), rentals (₦14,000,000 p.a.), and land (₦45,000,000–₦450,000,000). With 24-hour power, security, and amenities like pools and tennis courts, it competes with Pinnock Beach and Northern Foreshore. Its proximity to Victoria Island and 20–30% annual appreciation make it ideal for investors and residents. Contact agents like Future Homes (08033389765) or Spc Estate Chariots (081082644) 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.

bornbyai

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