Chevron Estate Lekki: Full Details With Complete Breakdown

Chevron Estate, also known as Chevy View Estate, is a prominent residential development located along Chevron Drive, off the Lekki-Epe Expressway in Lekki, Lagos, Nigeria. This upscale gated community is strategically positioned in the heart of Lekki’s highbrow area, making it a prime choice for luxury living and real estate investment. This article provides a comprehensive overview of Chevron Estate, detailing its location, features, pricing, infrastructure, investment potential, and broader context within the Lekki real estate market as of June 25, 2025. The information is sourced from web data and recent posts on X for accuracy and relevance.

Overview of Chevron Estate

Chevron Estate is situated in the Ajah axis of Lekki, a rapidly developing corridor along the Lekki-Epe Expressway. Its proximity to commercial hubs, corporate offices (including Chevron Nigeria Limited), and lifestyle amenities makes it highly desirable for professionals, families, and investors. The estate is known for its serene environment, modern infrastructure, and secure setting, catering to those seeking a blend of luxury and convenience in Lagos’ bustling real estate market.

Detailed Breakdown of Chevron Estate

1. Location

Address: Chevron Drive, off Lekki-Epe Expressway, Ajah, Eti-Osa Local Government Area, Lagos.
Proximity:
- Close to major landmarks such as Lekki Conservation Centre, Victoria Island (15-20 minutes’ drive), and Ikoyi.
- Near commercial hubs like Chevron Nigeria Limited headquarters and Circle Mall.
- Accessible via the Lekki-Epe Expressway, a 49.5-kilometer arterial road connecting Lekki to Epe.
Accessibility:
- Well-connected to other parts of Lagos via the expressway, though traffic congestion around Abraham Adesanya junction can cause delays.
- Ongoing road expansion projects aim to improve connectivity, but the stretch beyond Abraham Adesanya remains incomplete, impacting travel to farther areas like Epe.

2. Features and Infrastructure

Chevron Estate is designed as a premium gated community with features tailored for modern living:

Security:
- 24-hour security with CCTV surveillance and trained personnel.
- Gated entrance with controlled access to ensure resident safety.
Road Network:
- Paved roads within the estate, with interlocked stones for durability.
- Well-planned layout for easy navigation and aesthetic appeal.
Utilities:
- Stable electricity supply, often supplemented by estate-managed power systems.
- Drainage systems to mitigate flooding, a common issue in Lekki during heavy rains.
- Centralized water supply in some sections, though many residents rely on boreholes.
Amenities:
- Green spaces and landscaped areas for recreation.
- Proximity to schools, hospitals, shopping malls (e.g., Circle Mall, Novare Mall), and recreational facilities like Lekki Conservation Centre.
Building Approvals:
- Approved for luxury duplexes, typically up to two floors, ensuring uniformity in architectural design.
- Soil tests conducted to confirm land suitability for construction.

3. Property Types and Pricing

Chevron Estate primarily offers residential plots and developed properties, with a focus on luxury homes such as duplexes and terraced houses. Below is a breakdown of available options based on recent data:

Bare Land:
- Size: 300 sqm (with driveway).
- Price: ₦160 million (net price, all-inclusive, covering estate development levy and Omonile development levy).
- Title: Governor’s Consent, ensuring secure ownership.
Developed Properties:
- 4-Bedroom Fully Detached Duplex:
  - Price: Approximately ₦200 million to ₦250 million, depending on finishes and additional features like a Boys’ Quarters (BQ).
  - Features: Modern architecture, spacious interiors, and premium fittings.
- 3-Bedroom Terrace Houses:
  - Price: Approximately ₦120 million to ₦150 million.
  - Features: Compact yet luxurious, ideal for smaller families or young professionals.
Commercial Plots:
- Limited availability, with prices starting at ₦200 million for larger plots (e.g., 500 sqm).
- Suitable for small-scale commercial developments like offices or retail spaces.
Payment Plans:
- Most transactions require outright payment, though some developers may offer short-term installment plans (e.g., 3-6 months) with an initial deposit of 50% or more.
- Prices are subject to change due to high demand and market trends.

4. Investment Potential

Chevron Estate is a high-value investment opportunity due to its location and infrastructure:

High ROI:
- The estate’s proximity to commercial and corporate hubs ensures consistent demand for residential properties.
- Property values in Lekki have historically appreciated, with average house prices in Ajah reaching ₦180 million and land prices averaging ₦280 million, per recent market data.
- Bare land purchased at ₦160 million can yield significant returns if developed or resold within 2-3 years.
Strategic Location:
- Close to major infrastructure projects like the Lekki Free Trade Zone, Lekki Deep Sea Port, and the proposed Lekki International Airport (20-30 minutes’ drive).
- Benefits from Lagos’ projected population growth, expected to make it one of the world’s most populous cities by 2100, driving housing demand.
Secure Title:
- Governor’s Consent provides legal assurance, reducing risks of ownership disputes.
Rental Income:
- High demand for rentals in Lekki, with 4-bedroom duplexes fetching ₦5 million to ₦8 million annually, offering attractive yields for investors.
Challenges:
- Traffic congestion on Lekki-Epe Expressway can affect accessibility, particularly during peak hours.
- Flooding risks during heavy rains, though the estate’s drainage systems help mitigate this.

5. Lifestyle and Community

Target Audience: Professionals, expatriates, and affluent families seeking a secure, upscale living environment.
Community Vibe: Quiet, family-friendly, and conducive to networking due to the presence of corporate professionals.
Nearby Amenities:
- Education: Top schools like Greensprings School and Lagos Business School are within a 10-15 minute drive.
- Healthcare: Private hospitals like Lagoon Hospital and Evercare Hospital are easily accessible.
- Shopping and Leisure: Circle Mall, Novare Mall, and restaurants along Lekki-Epe Expressway cater to lifestyle needs.
- Recreation: Lekki Conservation Centre and nearby beaches offer recreational activities.

6. Comparison with Nearby Estates

Chevron Estate stands out among other estates along Lekki-Epe Expressway due to its prime location and established infrastructure. Here’s a brief comparison:

Fara Park Estate (Eti-Osa, Lekki):
- Larger plots available (e.g., 20,000 sqm for ₦1.5 billion).
- More suited for large-scale commercial or residential developments.
- Similar title (Deed of Assignment) but less focus on luxury residential living.
Amen Estate 2 (Eleko):
- Offers advanced amenities like 24-hour power and centralized sewage.
- Priced higher for developed properties (e.g., ₦295 million for a 4-bedroom duplex).
- Farther from Lekki’s commercial core, reducing accessibility compared to Chevron Estate.
Lekki Aviation Town (Ibeju Lekki):
- More affordable (e.g., ₦25 million for 300 sqm).
- Focuses on future growth near the proposed Lekki International Airport, but less developed than Chevron Estate.

7. Challenges and Considerations

Traffic Congestion:
- The Lekki-Epe Expressway experiences heavy traffic, particularly around Abraham Adesanya junction, where a 20-minute journey can take up to 4 hours during peak periods.
- Ongoing road expansion projects may alleviate this in the future.
Flooding:
- While Chevron Estate has drainage systems, heavy rains can cause flooding in surrounding areas, as seen in July 2019 along the expressway.
Cost of Living:
- High property prices and maintenance costs make the estate suitable for high-income earners or investors.
Market Volatility:
- Rapid price increases due to demand may outpace some investors’ budgets, requiring early commitment.

8. Recommendations for Buyers and Investors

Due Diligence:
- Verify property titles through the Lagos State Lands Registry to confirm Governor’s Consent.
- Conduct physical inspections with reputable agents to ensure land or property conditions match descriptions.
Investment Strategy:
- Purchase bare land for development or resale to capitalize on value appreciation.
- Consider rental properties for steady income, given high rental demand in Lekki.
Timing:
- Act quickly to secure plots at current prices, as demand in Chevron Estate drives frequent price hikes.
Agent Contacts:
- Engage trusted real estate firms like Sureland Realtors (+234 901 509 4850) or check listings on PropertyPro Nigeria and Nigeria Property Centre for verified properties.

Broader Context: Lekki-Epe Expressway Real Estate

The Lekki-Epe Expressway is a key driver of Lagos’ real estate boom, fueled by infrastructure projects like the Lekki Free Trade Zone, Lekki Deep Sea Port, and the proposed Lekki International Airport. Chevron Estate benefits from its proximity to Lekki’s commercial core, unlike newer estates in Ibeju Lekki or Eleko, which rely on future developments for growth. The expressway’s upgrades, funded by a $85 million African Development Bank loan in 2008, have enhanced connectivity, though challenges like tolling controversies and incomplete expansions persist. With Lagos’ population projected to exceed 3.4 million residents in the Lekki Peninsula, demand for premium estates like Chevron will continue to rise.

Conclusion

Chevron Estate, or Chevy View Estate, is a standout choice for luxury living and investment along the Lekki-Epe Expressway. Its strategic location, modern infrastructure, and secure environment make it ideal for professionals, families, and investors seeking high returns. With bare land priced at ₦160 million and developed properties ranging from ₦120 million to ₦250 million, the estate offers diverse options for buyers. However, potential investors should account for challenges like traffic and flooding while conducting thorough due diligence. As Lekki continues to grow as a commercial and residential hub, Chevron Estate remains a prime opportunity for sustainable wealth creation.