Silicon Valley Estate, Lekki: (Full Review + Price List)

Silicon Valley Estate, Lekki: Full Details With Complete Breakdown + Price List

Overview

Silicon Valley Estate, located in Lekki, Lagos State, Nigeria, is a modern residential estate situated off Alpha Beach Road and Ologolo Road, near the new coastal road. This gated community is designed to offer a serene and secure living environment with proximity to key landmarks such as Lekki Phase 1, Novare Mall (Shoprite), and the Lekki Conservation Centre. The estate caters to families, professionals, and investors seeking contemporary homes in one of Lagos’ most sought-after areas. Silicon Valley Estate features a variety of properties, including flats and duplexes, with robust infrastructure like 24-hour power and security. Properties typically hold a Certificate of Occupancy (C of O) or Governor’s Consent, though due diligence is advised to verify titles given past land disputes in Lekki.

Property Features

Silicon Valley Estate offers residential properties with modern amenities, focusing on flats and duplexes. Below is a detailed breakdown of the estate’s offerings based on available information.

Residential Properties

  • Location: Off Alpha Beach Road and Ologolo Road, Lekki, Lagos
  • Property Types:
    • 2-bedroom flats
    • 4-bedroom fully detached duplexes
    • Short-let duplexes (furnished)
  • Key Features:
    • All rooms ensuite with modern sanitary wares and water heaters
    • Fully fitted kitchens with appliances (oven, microwave, gas cooker)
    • Spacious living areas with POP ceilings
    • Ample parking space (up to 4–6 cars for duplexes)
    • 24-hour electricity with central generator backup
    • Clean water supply
    • Well-designed drainage system to prevent flooding
    • Interlocked roads and walkways
    • 24-hour security with corporate guards and CCTV surveillance
    • 24-hour maintenance and cleaning services
    • High-speed Wi-Fi, smart TVs, Netflix, and YouTube (for short-let properties)
  • Estate Amenities:
    • Gated and secure environment
    • Standard security measures
    • Good road accessibility
    • Serene and organized layout
  • Nearby Landmarks:
    • Lekki Phase 1: ~10–15 minutes drive
    • Novare Mall (Shoprite): ~15–20 minutes drive
    • Lekki Conservation Centre: ~10 minutes drive
    • Lagos Business School: ~15 minutes drive
    • Victoria Island: ~30–50 minutes drive (depending on traffic)
  • Sources: Nigeria Property Centre, PropertyPro.ng

Land for Development

  • Availability: No current listings for residential or commercial land in Silicon Valley Estate were found. However, comparable estates in Lekki offer plots ranging from 300–600 sqm.
  • Features (based on similar estates):
    • Dry and firm land, suitable for immediate construction
    • Fully fenced with C of O or Governor’s Consent
    • Access to estate infrastructure
  • Note: Interested buyers should contact agents for potential unlisted land availability.
  • Source: Nigeria Property Centre

Estate Infrastructure

  • Roads: Interlocked roads with easy access from Alpha Beach Road and Ologolo Road
  • Power: 24-hour electricity with dedicated transformer and generator backup
  • Water: Clean water supply (specifics on treatment plant unavailable)
  • Drainage: Efficient drainage system to ensure a flood-free environment
  • Security: Gated community with 24-hour corporate security and CCTV
  • Maintenance: 24-hour cleaning and maintenance services
  • Sources: Nigeria Property Centre

Price List

Pricing for properties in Silicon Valley Estate varies based on type, furnishing, and features. Below is a detailed price list based on available listings and comparable properties in Lekki. Prices are subject to change, and prospective buyers or renters should contact agents for current figures.

Houses for Sale

  • 2-Bedroom Flat:
    • Price: ₦55,000,000
    • Features: Ensuite rooms, fitted kitchen, tenant-occupied (inspections available), standard security, Governor’s Consent
    • Example: Spacious 2-bedroom flat off Alpha Beach Road, priced at ₦55,000,000 (Haven Spring Properties Limited, 08034843483)
    • Source: Nigeria Property Centre
  • 4-Bedroom Fully Detached Duplex:
    • Price: ₦185,000,000
    • Features: Ensuite rooms, spacious compound, neatly used, fitted kitchen, C of O
    • Example: 4-bedroom detached duplex in Silicon Valley Estate, Ologolo, priced at ₦185,000,000 (Jabisco Development Company Limited, 08060278440)
    • Source: Nigeria Property Centre
  • Payment Plans:
    • Flexible plans: 3–12 months interest-free (based on similar Lekki estates like Horizon Estates)
    • Initial deposit: ~20% (e.g., ₦5,000,000–₦20,000,000)
    • Mortgage options: Up to 15–25 years at ~6%–16% interest via National Housing Fund (NHF) or banks
    • Source: Nigeria Property Centre

Houses for Rent

  • 4-Bedroom Fully Detached Terrace House:
    • Rent: ₦6,500,000–₦7,000,000 per annum
    • Additional Fees:
      • Service Charge: ₦400,000–₦500,000 per annum
      • Refundable Caution Deposit: ₦500,000
      • Agency Fee: 10% of total rent (₦650,000–₦700,000)
      • Legal Fee: 10% of total rent (₦650,000–₦700,000)
    • Features: Ensuite rooms, constant power, 24-hour security, maintenance services, fitted kitchen
    • Examples:
      • ₦6,500,000 per annum: 4-bedroom terrace on Alpha Beach Road (Prestanfalls Limited, 08026689012)
      • ₦7,000,000 per annum: 4-bedroom terrace with similar amenities (Prestanfalls Limited, 08026689012)
    • Source: Nigeria Property Centre
  • Average Rent: ₦7,000,000 per annum for houses in Silicon Valley Estate
    • Source: Nigeria Property Centre

Short-Let Houses

  • Furnished Duplex (unspecified bedrooms):
    • Rent: ₦85,000 per day
    • Features: Fully furnished, free Wi-Fi, well-equipped kitchen, 24/7 electricity, security, smart TVs with Netflix and YouTube
    • Example: Executive furnished duplex on Ologolo Road (Ocean Pyramids Apartment, 07010109444)
    • Source: Nigeria Property Centre

Other Properties

  • 5-Bedroom Detached Duplex + Penthouse:
    • Price: ₦48,000,000
    • Features: Ensuite rooms, penthouse, spacious compound, C of O (specific details limited)
    • Note: This listing appears unusually low-priced compared to market trends (e.g., ₦185,000,000 for a 4-bedroom duplex). Buyers should verify authenticity to avoid potential scams.
    • Example: 5-bedroom detached duplex at Silicon Estate, Lekki (PropertyPro.ng)
    • Source: PropertyPro.ng
  • No Listings Found:
    • 1-bedroom flats, 1-bedroom houses, 5-bedroom houses, semi-detached bungalows, detached bungalows, plazas/malls, or land for rent/sale
    • Interested parties should contact agents for unlisted options.
    • Source: Nigeria Property Centre

Investment Potential

Silicon Valley Estate benefits from Lekki’s status as a prime real estate market:

  • High ROI: Properties in Lekki yield 20%–30% annual returns through rental income or resale, driven by demand from professionals and expatriates.
  • Strategic Location: Proximity to Lekki Phase 1, Novare Mall, and the new coastal road enhances accessibility.
  • Infrastructure Growth: Projects like the Lekki Free Trade Zone, Lekki International Airport, and Fourth Mainland Bridge are expected to boost property values.
  • Lifestyle Appeal: Close to recreational spots (e.g., Lekki Conservation Centre, Alpha Beach) and commercial hubs, ideal for short-term rentals (Airbnb).
  • Flood Mitigation: Efficient drainage systems ensure a flood-free environment.
  • Sources: Nigeria Property Centre

Due Diligence

Given past land disputes in Lekki, such as the 2023 demolition of Signature Villa Estate due to drainage encroachment, thorough due diligence is essential:

  • Title Verification: Confirm C of O or Governor’s Consent through the Lagos State Land Registry or Surveyor General’s Office. Listings with only a Deed of Assignment require extra scrutiny.
  • Developer Background: Verify the reputation of developers or agents (e.g., Haven Spring Properties, Jabisco Development) through reviews or past projects.
  • Environmental Checks: Ensure properties are not on government-acquired land or near drainage channels to avoid demolition risks.
  • Surveyor Services: Engage a registered surveyor to chart coordinates and verify documents at the Surveyor General’s Office.
  • Warning: The ₦48,000,000 listing for a 5-bedroom duplex appears suspiciously low and may indicate a scam. Always verify with multiple sources.
  • Sources: Nigeria Property Centre, PropertyPro.ng

How to Proceed

To purchase or rent in Silicon Valley Estate, follow these steps:

  1. Contact Agents:
    • Haven Spring Properties Limited: 08034843483
    • Prestanfalls Limited: 08026689012
    • Ocean Pyramids Apartment: 07010109444
    • Jabisco Development Company Limited: 08060278440
    • Marketbooy Realty: 08075000582
    • Sources: Nigeria Property Centre
  2. Verify Titles: Use a property lawyer or surveyor to confirm C of O or Governor’s Consent at the Lagos State Land Registry or Surveyor General’s Office.
  3. Schedule Inspections: Arrange physical or virtual tours with 24-hour notice. Avoid agents charging excessive viewing fees (recommended max: ₦5,000).
  4. Explore Payment Plans: Inquire about 3–12 month interest-free plans or mortgage options (6%–16% interest for 15–25 years via NHF or banks).

Conclusion

Silicon Valley Estate in Lekki offers modern living with a serene environment and strong investment potential. Properties range from ₦55,000,000 for 2-bedroom flats to ₦185,000,000 for 4-bedroom duplexes, with rentals at ₦6,500,000–₦7,000,000 per annum and short lets at ₦85,000 per day. The estate’s 24-hour power, security, and proximity to Lekki Phase 1 make it attractive for residents and investors. However, due diligence is critical to verify titles and avoid risks, especially with suspiciously low-priced listings like the ₦48,000,000 5-bedroom duplex. Contact verified agents for the latest pricing and inspections.

Disclaimer: Prices and availability are subject to change. Always verify details with the property management or authorized agents before making financial commitments.

bornbyai

Protected by CleanTalk Anti-Spam