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

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

Overview

Spring Valley Estate, located in Lekki, Lagos State, Nigeria, is a modern residential estate situated along the Lekki-Epe Expressway, near Sangotedo and close to Novare Lekki Mall (Shoprite). This gated community offers a serene and secure environment, ideal for families, professionals, and investors seeking affordable yet contemporary living in Lekki’s rapidly developing corridor. The estate primarily features apartments and short-let accommodations, with proximity to key landmarks like the Lekki Conservation Centre and Lagos Business School. Spring Valley Estate is noted for its accessibility and basic amenities, though it is not as fully serviced as some high-end Lekki estates. Properties typically hold a Governor’s Consent or Deed of Assignment, but due diligence is essential to verify titles given past land disputes in Lekki.

Property Features

Spring Valley Estate focuses on residential apartments, particularly suited for short-term stays and rentals. Below is a detailed breakdown of the estate’s offerings based on available information.

Residential Properties

  • Location: Off Lekki-Epe Expressway, near Sangotedo, Lekki, Lagos
  • Property Types:
    • 1-bedroom apartments
    • 2-bedroom apartments
    • Short-let homestays (furnished apartments)
  • Key Features:
    • Air-conditioned units with ensuite rooms
    • Fully equipped kitchens with oven, microwave, and utensils
    • Dining area and spacious living room
    • Flat-screen TVs with PS4 gaming consoles (select units)
    • Free high-speed Wi-Fi and free private parking
    • Modern sanitary wares and water heaters
    • Non-smoking property with basic security measures
    • Clean water supply (borehole and septic tank system)
    • Good road access from Lekki-Epe Expressway
  • Estate Amenities:
    • Free private parking
    • Basic security with gated access
    • Serene environment
    • Proximity to shopping and recreational hubs
  • Nearby Landmarks:
    • Novare Lekki Mall (Shoprite): ~10 minutes drive
    • Sangotedo Community Market: ~10 minutes drive
    • Lekki Conservation Centre: 12 km (15–20 minutes drive)
    • Nike Art Gallery: 22 km (30 minutes drive)
    • Lagos Business School: ~15–20 minutes drive
    • Victoria Island: ~30–50 minutes drive (depending on traffic)
  • Sources: Hotel.com.au, springvalleyestatelekki.hotelmix.co.uk

Land for Development

  • Availability: No current listings for land sales were found in Spring Valley Estate. 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 Governor’s Consent or C of O
    • Access to basic infrastructure (roads, electricity)
  • Note: Contact agents for potential unlisted land availability.
  • Source: Nigeria Property Centre

Estate Infrastructure

  • Roads: Paved roads with easy access from Lekki-Epe Expressway
  • Power: Electricity supply via PHCN; residents may provide generator backup
  • Water: Borehole water with septic tank storage (no central treatment plant noted)
  • Drainage: Basic drainage system; flood control may be limited compared to premium estates
  • Security: Gated community with basic security personnel
  • Maintenance: Resident-managed maintenance (no centralized estate management noted)
  • Sources: Hotel.com.au, Neighbourhoodreview.com

Price List

Pricing for properties in Spring Valley Estate is primarily focused on apartments for sale or short-let rentals, with limited data on other property types. 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

  • 1-Bedroom Apartment:
    • Price: ₦30,000,000–₦40,000,000 (based on comparable Lekki apartments)
    • Features: Ensuite room, fitted kitchen, basic security, Governor’s Consent
    • Note: No specific 1-bedroom listings found; prices estimated from nearby estates.
    • Source: Nigeria Property Centre
  • 2-Bedroom Apartment:
    • Price: ₦50,000,000–₦70,000,000 (based on comparable Lekki apartments)
    • Features: Ensuite rooms, fitted kitchen, dining area, free parking, Governor’s Consent
    • Example: 2-bedroom apartment in Spring Valley Estate, 300 sqm, no specific price listed (springvalleyestatelekki.hotelmix.co.uk)
    • Source: springvalleyestatelekki.hotelmix.co.uk
  • Payment Plans:
    • Flexible plans: 3–12 months interest-free (based on similar estates like Horizon Estates)
    • Initial deposit: ~20% (e.g., ₦5,000,000–₦10,000,000)
    • 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

  • No Long-Term Rental Listings Found:
    • Estimated Rent: ₦1,500,000–₦3,000,000 per annum for 1–2 bedroom apartments (based on similar Lekki estates)
    • Additional Fees (estimated):
      • Agency Fee: 10% (₦150,000–₦300,000)
      • Legal Fee: 10% (₦150,000–₦300,000)
      • Caution Fee: ₦100,000–₦200,000
      • Service Charge: TBD (resident-managed)
    • Source: Nigeria Property Centre

Short-Let Houses

  • 1-Bedroom Apartment (Homestay):
    • Rent: ₦50,000–₦70,000 per day
    • Features: Fully furnished, air-conditioned, free Wi-Fi, PS4, flat-screen TV, kitchen with oven, free parking
    • Example: 1-bedroom homestay at Spring Valley Estate (Hotel.com.au)
    • Source: Hotel.com.au
  • 2-Bedroom Apartment (Homestay):
    • Rent: ₦70,000–₦100,000 per day
    • Features: Fully furnished, air-conditioned, free Wi-Fi, dining area, kitchen with oven, free parking
    • Example: 2-bedroom homestay at Spring Valley Estate (Hotel.com.au)
    • Source: Hotel.com.au
  • Additional Fees:
    • Caution Fee: ₦50,000–₦100,000 (refundable)
    • Agency Fee: Not specified
    • Source: Hotel.com.au

Investment Potential

Spring Valley Estate offers moderate investment opportunities due to its location and affordability:

  • ROI: Properties in Lekki yield 15%–25% annual returns through rental income or resale, slightly lower than premium estates due to limited amenities.
  • Strategic Location: Proximity to Novare Lekki Mall and Sangotedo Community Market ensures accessibility to commercial hubs.
  • Infrastructure Growth: Developments like the Lekki Free Trade Zone, Lekki International Airport, and Fourth Mainland Bridge are expected to drive property value appreciation.
  • Lifestyle Appeal: Ideal for short-term rentals (e.g., Airbnb) due to proximity to tourist spots like Lekki Conservation Centre and Santa Cruz Private Beach (~5 km).
  • Flood Risk: Limited flood control compared to estates with advanced drainage systems; buyers should assess drainage during rainy seasons.
  • Sources: Nigeria Property Centre, Neighbourhoodreview.com

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 critical:

  • Title Verification: Confirm Governor’s Consent or C of O 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 through reviews or past projects.
  • Environmental Checks: Ensure properties are not on government-acquired land or in flood-prone areas, as Spring Valley’s drainage system may be basic.
  • Surveyor Services: Engage a registered surveyor to chart coordinates and verify documents at the Surveyor General’s Office.
  • Sources: Nigeria Property Centre

How to Proceed

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

  1. Contact Agents:
    • General inquiries: Nigeria Property Centre (in**@*******************re.com)
    • Local agents for Lekki properties: Marketbooy Realty (08075000582), Kcglobal Homes (08025660928)
    • Short-let bookings: Hotel.com.au or springvalleyestatelekki.hotelmix.co.uk
    • Sources: Nigeria Property Centre, Hotel.com.au
  2. Verify Titles: Use a property lawyer or surveyor to confirm Governor’s Consent or C of O 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

Spring Valley Estate in Lekki offers affordable residential options, primarily 1- and 2-bedroom apartments, with prices ranging from ₦30,000,000–₦70,000,000 for sales and ₦50,000–₦100,000 per day for short lets. Its proximity to Novare Lekki Mall and Lekki Conservation Centre, along with basic amenities like free parking and Wi-Fi, makes it suitable for short-term stays and modest investments. However, limited infrastructure (e.g., basic drainage, no central water treatment) and the need for title verification due to Lekki’s history of land disputes require careful due diligence. Contact verified agents or booking platforms 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.

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