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

Overview

Ajao Estate in Lekki, Lagos State, Nigeria, appears to be a misnomer in the context of the Lekki area, as most references to “Ajao Estate” point to a well-known residential area in Isolo, near Murtala Muhammed International Airport, approximately 55 km from Lekki. However, some property listings suggest properties in or near Ajao Estate, Isolo, are marketed with a “Lekki style” or located in areas like Canoe, Oke-Afa, or Atlantic View Estate, which are closer to Lekki or emulate its aesthetic. This article focuses on properties in Ajao Estate, Isolo, with references to Lekki-style developments or nearby estates, as no specific residential estate named “Ajao Estate” exists in Lekki based on available data. Ajao Estate, Isolo, is a well-planned residential and commercial area known for its proximity to the airport, accessibility via major highways (e.g., Lagos-Ibadan Expressway, Oshodi-Apapa Expressway), and a peaceful environment. Properties typically hold a Certificate of Occupancy (C of O) or Governor’s Consent, but due diligence is critical due to past land disputes in Lagos.

Property Features

Ajao Estate, Isolo, and nearby areas like Canoe, Oke-Afa, and Atlantic View Estate offer a variety of residential and commercial properties, including duplexes, flats, and land. Below is a detailed breakdown based on available listings.

Residential Properties

Location: Ajao Estate, Isolo, off Airport Road, with some listings in Canoe, Oke-Afa, or Atlantic View Estate (closer to Lekki, ~15–20 km from Lekki Phase 1)
Property Types:
- 2-bedroom apartments
- 3-bedroom flats and terraced duplexes
- 4-bedroom duplexes (semi-detached and detached)
- 5-bedroom detached duplexes
- 6-bedroom detached duplexes
- Blocks of flats (e.g., 4–6 units of 2- and 3-bedroom flats)
Key Features:
- All rooms ensuite with modern sanitary wares
- Fully fitted kitchens with cabinets, heat extractors, and appliances
- Spacious living areas with POP ceilings and tiled floors
- In-built wardrobes and biometric entrance doors (select units)
- Ample parking (8–15 cars for larger properties)
- 24-hour security with private guards, CCTV, and electric fencing (select estates)
- Interlocked compounds and good drainage systems
- Prepaid meters for electricity (select properties)
- Proximity to Murtala Muhammed International Airport (~6 minutes drive)
Estate Amenities (varies by property/estate):
- Gated community with security personnel
- Children’s playground and swimming pool (e.g., Atlantic View Estate)
- CCTV coverage and solar power (select properties)
- Serene environment with street lighting
Nearby Landmarks:
- Murtala Muhammed International Airport: ~6 minutes drive
- Jhalobia Recreation Park: ~5–10 minutes drive
- National Theatre: ~20 minutes drive
- Lekki Conservation Centre: ~~55 km (~~1 hour drive to Lekki)
- Lekki Phase 1: ~~55 km (~~1 hour 10 minutes drive during rush hour)
Sources: Nigeria Property Centre, PropertyPro.ng, Trovit

Land for Development

Sizes Available: 400–951.805 sqm
Features:
- Dry and firm land, suitable for residential or commercial development
- Titles: C of O, Registered Conveyance, or Deed of Assignment with Survey
- Fenced plots with gatehouses (select listings)
- Access to paved roads and basic infrastructure
Examples:
- 400 sqm in Chivita, Ajao Estate: Electric fence, 5 minutes to Airport Road
- Full plot (120×60) in Canoe, near Ajao Estate: Receipt and Survey
Sources: Nigeria Property Centre, Trovit

Estate Infrastructure

Roads: Paved and interlocked roads with access via Airport Road, Oshodi-Apapa Expressway, and Lagos-Ibadan Expressway
Power: PHCN supply with prepaid meters; generator backup in some estates
Water: Borehole or well water (no central treatment plant noted)
Drainage: Good drainage systems in most estates, reducing flood risk
Security: Gated communities with private security, community vigilance, and nearby police stations
Maintenance: Resident-managed or estate-managed (varies by property)
Sources: Nigeria Property Centre, ShowPostCodes

Price List

Pricing for properties in Ajao Estate, Isolo, and nearby areas (e.g., Canoe, Oke-Afa, Atlantic View Estate) varies based on type, size, and features. Below is a detailed price list based on available listings. Prices are subject to change, and prospective buyers or renters should contact verified agents for current figures.

Houses for Sale

2-Bedroom Apartment:
- Price: ₦45,000,000–₦65,000,000
- Features: Ensuite rooms, fitted kitchen, wardrobes, biometric entrance, 2 parking spaces, Governor’s Consent
- Example: 2-bedroom apartment in Ajao Estate, Airport Road, ₦45,000,000 (Temzyuniversalhomes, 09035825191)
3-Bedroom Flat/Terraced Duplex:
- Price: ₦120,000,000–₦200,000,000
- Features: Ensuite rooms, BQ (select units), POP ceilings, visitors’ toilet, all-round tiles, Governor’s Consent
- Examples:
  - ₦120,000,000: Block of 4 units of 3-bedroom flats on half plot, Ajao Estate (Trovit)
  - ₦200,000,000: 2 units of 3-bedroom terraced duplexes with 2-room BQ, Habeedeen Wahab Close, Ajao Estate (Gui Integrated Concept Limited, 08032222501)
4-Bedroom Duplex:
- Price: ₦140,000,000–₦250,000,000
- Features: Lekki-style detached/semi-detached duplex, ensuite rooms, BQ, gatehouse, C of O
- Examples:
  - ₦140,000,000: 4-bedroom duplex with BQ and gatehouse, Oke-Afa, near Ajao Estate (Trovit)
  - ₦250,000,000: Newly built 4-bedroom duplex with 2 mini-flats, Airport Road, Ajao Estate (PropertyPro.ng)
5-Bedroom Detached Duplex:
- Price: ₦220,000,000–₦300,000,000
- Features: Ensuite rooms, 2 living rooms, BQ, gatehouse, 10–15 car parking, C of O
- Examples:
  - ₦220,000,000: 5-bedroom duplex with mini-flat setback, Ajao Estate (Finepro Properties, +2349065858847)
  - ₦300,000,000: 5-bedroom duplex with large compound, Ajao Estate, Airport Road (Trovit)
6-Bedroom Detached Duplex:
- Price: ₦250,000,000
- Features: Ensuite rooms, 700 sqm land, C of O
- Example: 6-bedroom detached duplex, Ajao Estate, Anthony, Lagos (TOS Property Services)
Block of Flats:
- Price: ₦250,000,000–₦320,000,000
- Features: 4–6 units of 2- and 3-bedroom flats, 650–930 sqm land, C of O
- Examples:
  - ₦250,000,000: Block of 4 units of 4-bedroom flats, Ajao Estate (The Home Properties, 07034194181)
  - ₦320,000,000: Block of 6 units of 3-bedroom flats and 2 units of 2-bedroom flats, Osolo Way, Ajao Estate (Provident Homes And Realtor, 08038228643)
Average Price: ₦180,000,000 (ranges from ₦70,000,000 to ₦400,000,000)
Payment Plans:
- Flexible plans: 3–12 months interest-free with initial deposit (e.g., ₦10,000,000–₦50,000,000)
- Mortgage options: Up to 15–25 years at ~6%–16% interest via National Housing Fund (NHF) or banks
Sources: Nigeria Property Centre, PropertyPro.ng, Trovit

Houses for Rent

1-Bedroom Apartment:
- Rent: ₦1,500,000–₦2,000,000 per annum (estimated based on similar areas)
- Features: Fully equipped kitchen, air-conditioning, free Wi-Fi, private parking
- Example: 1-bedroom apartment, Ajao Estate, 1.2 miles from airport (Booking.com)
3-Bedroom Flat:
- Rent: ₦2,500,000–₦3,500,000 per annum (estimated based on similar areas)
- Additional Fees:
  - Agency Fee: 10% (₦250,000–₦350,000)
  - Legal Fee: 10% (₦250,000–₦350,000)
  - Caution Fee: ₦200,000–₦300,000
- Source: Nigeria Property Centre
Average Rent: ₦2,000,000 per annum (based on Isolo market trends)
規定

Commercial Properties

188-Room Luxury Hotel:
- Price: ₦7,500,000,000 (~$5,000,000 USD)
- Features: Functioning 5-star hotel with bar, restaurant, conference rooms, swimming pool, gym, Italian marble, 2 generators, 8,900 sqm land, C of O
- Example: Ajao Estate, Airport Road (1st Star Properties Nigeria, 07016640999)
Payment Plans: Available, buyer takes immediate possession
Source: Nigeria Property Centre

Land for Sale

Full Plot (120×60, ~669 sqm):
- Price: ₦100,000,000–₦105,000,000
- Features: Secure estate in Canoe, near Ajao Estate, Receipt and Survey
- Example: Canoe, Oke-Afa, ₦105,000,000 asking, ₦100,000,000 net (Nigeria Property Centre)
400 sqm Plot:
- Price: Not specified, estimated ₦60,000,000–₦80,000,000
- Features: Electric fence, Chivita, Ajao Estate, 5 minutes to Airport Road
- Source: Trovit
Payment Plans:
- 0–6 months interest-free
- 6–12 months with initial deposit (e.g., ₦10,000,000)
Source: Nigeria Property Centre

Investment Potential

Ajao Estate, Isolo, offers moderate investment potential due to its proximity to the airport and accessibility:

ROI: Properties yield 15%–25% annual returns through rental income or resale, lower than Lekki’s 20%–30% due to its distance from Lagos’ prime business districts.
Strategic Location: 6-minute drive to Murtala Muhammed International Airport, ideal for business travelers and hotel investments.
Infrastructure Growth: Proximity to major highways (Oshodi-Apapa, Lagos-Ibadan Expressway) supports accessibility, though less impact from Lekki-specific developments like the Free Trade Zone or new airport.
Lifestyle Appeal: Suitable for short-term rentals (e.g., Airbnb) due to airport proximity and recreational spots like Jhalobia Park.
Flood Risk: Good drainage systems in most estates mitigate flooding, a key advantage over some Lekki areas.
Sources: Nigeria Property Centre, ShowPostCodes

Due Diligence

Given Lagos’ history of land disputes, such as the 2023 Signature Villa Estate demolition in Lekki, thorough due diligence is critical:

Title Verification: Confirm C of O or Governor’s Consent through the Lagos State Land Registry or Surveyor General’s Office. Listings with only Receipts and Surveys (e.g., Canoe land) require extra scrutiny.
Developer/Agent Background: Verify agents like Finepro Properties (+2349065858847), Gui Integrated Concept (08032222501), or Provident Homes (08038228643) through reviews or past projects.
Environmental Checks: Ensure properties are not on government-acquired land or flood-prone areas.
Surveyor Services: Engage a registered surveyor to chart coordinates and verify documents at the Surveyor General’s Office.
Sources: Nigeria Property Centre, PropertyPro.ng

How to Proceed

To purchase or rent in Ajao Estate or nearby areas, follow these steps:

Contact Agents:
- Finepro Properties: +2349065858847
- Gui Integrated Concept Limited: 08032222501
- Provident Homes And Realtor: 08038228643
- The Home Properties: 07034194181
- Temzyuniversalhomes: 09035825191
- 1st Star Properties Nigeria: 07016640999
- Sources: Nigeria Property Centre, PropertyPro.ng, Trovit
Verify Titles: Use a property lawyer or surveyor to confirm C of O or Governor’s Consent at the Lagos State Land Registry.
Schedule Inspections: Arrange physical or virtual tours with 24-hour notice. Avoid excessive viewing fees (recommended max: ₦5,000).
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

Ajao Estate, Isolo, while not in Lekki, offers “Lekki-style” properties in nearby areas like Canoe, Oke-Afa, and Atlantic View Estate, with prices ranging from ₦45,000,000 for 2-bedroom apartments to ₦320,000,000 for blocks of flats, and land at ₦100,000,000–₦105,000,000. Its proximity to the airport (~6 minutes) and major highways makes it ideal for business travelers and short-term rentals, though its investment returns (15%–25%) are lower than Lekki’s. Robust security, good drainage, and C of O titles enhance appeal, but thorough title verification is essential due to Lagos’ history of land disputes. Contact verified agents for current pricing and inspections.

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

Ajao Estate, Lekki: (Full Review + Price List)