Elf Estate Lekki (Complete Breakdown + Price List)

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

Overview

Elf Estate, also known as UPDC Estate, is a prestigious residential estate located in Lekki Phase 1, Lagos, Nigeria. Developed by UACN Property Development Company (UPDC) Plc, it is one of the older and more established estates in Lekki, offering a secure and serene environment for affluent residents and investors. Situated near Whitesands School and along the Lekki-Epe Expressway, Elf Estate is renowned for its strategic location, well-planned infrastructure, and proximity to Lagos’ key business and leisure hubs. The estate primarily caters to high-income families and professionals seeking luxury living in a gated community.

Location and Accessibility

  • Location: Elf Estate is located in Lekki Phase 1, off Edward Hotonu Street, near Whitesands School and close to the Lekki-Epe Expressway. It is adjacent to estates like Femi Okunnu Estate and Oriwu Estate, with landmarks such as Nike Art Gallery and Centro Lekki Mall nearby.
  • Accessibility:
    • Approximately 20–25 minutes to Victoria Island during off-peak hours and 45 minutes to 1 hour 30 minutes during rush hour (6:30 AM–8:00 AM).
    • The Lekki-Epe Expressway provides a well-tarred main route, with estate roads being paved and interlocked, ensuring smooth access.
    • Nearby amenities include Novare Mall Shoprite, Corona School, Lekki Conservation Centre, and recreational spots like Leisure Sports Park and Kos Lagos.
  • Strategic Advantage: Positioned in Lekki Phase 1, a prime area known for its opulent lifestyle, Elf Estate benefits from proximity to the Lekki Free Trade Zone, proposed Lekki Airport, Lekki Deep Sea Port, and the Fourth Mainland Bridge, enhancing its investment potential.

Infrastructure and Amenities

  • Gated Community: Elf Estate features a single entrance/exit with 24/7 security, including armed and unarmed guards, CCTV surveillance, and strict visitor clearance protocols.
  • Road Network: Fully interlocked roads within the estate with functional drainage systems, ensuring a flood-free environment. External roads, such as Edward Hotonu Street, are tarred and in good condition.
  • Utilities:
    • Electricity: Supported by EKDC with estate transformers, supplemented by residents’ generators/inverters. Some properties have prepaid meters.
    • Water Supply: Centralized water treatment plant providing clean, treated water.
    • Waste Management: Efficient waste collection managed by the estate authority.
  • Recreational Facilities: Limited to green areas and a community playground; the estate focuses on residential comfort rather than extensive recreational amenities.
  • Service Charges:
    • Annual service charge: ₦300,000–₦600,000 (varies by property type).
    • Additional fees (e.g., caution, agency, legal): 10% each of the annual rent.
  • Nearby Amenities: Proximity to Ikota Shopping Complex, The Lennox Mall, Blenco African Market, Elegushi Modern Market, and recreational spots like Hungrybelly Restaurant and Lekki Arts and Crafts Market.

Property Types and Features

  • Property Types: Elf Estate offers bungalows, detached and semi-detached duplexes, maisonettes, and apartments (including 2-bedroom flats).
  • Features (based on listings and similar properties in Lekki Phase 1):
    • Bungalows (3–4 bedrooms):
      • Spacious layouts with boys’ quarters (BQ), en-suite rooms, and modern sanitary wares.
      • Large compounds, high-quality tiles, POP ceilings, and guest toilets.
    • Duplexes (4–5 bedrooms):
      • All rooms en-suite with walk-in closets, fully fitted kitchens with appliances (microwave, heat extractor, oven).
      • Features like chandeliers, CCTV, inbuilt audio systems, and ample parking for 4–6 cars.
      • Some units include study rooms, family lounges, and stamped concrete floors.
    • Apartments (2-bedroom flats):
      • En-suite rooms, fitted kitchens, spacious living areas, and balconies.
      • Modern finishes with POP ceilings and high-quality tiles.
    • Maisonettes: 4-bedroom units with elevators, gyms, and swimming pools in select properties.
  • Title: Properties typically come with a Certificate of Occupancy (C of O) or Governor’s Consent, ensuring secure ownership.

Price List

Note: Prices are based on recent listings for Elf Estate and similar properties in Lekki Phase 1, as specific data for Elf Estate is limited. Prices may vary based on property condition, size, and market trends.

For Sale

  • Houses:
    • 4-Bedroom Bungalow with BQ: ₦800,000,000 (e.g., on 1,245 sqm, C of O, Oriwu Estate by Elf Estate).
    • 4-Bedroom Maisonette: ₦350,000,000 (features like fitted kitchen, gym, swimming pool, elevator).
    • 5-Bedroom Fully Detached Duplex: ₦350,000,000–₦520,000,000 (penthouse maisonette at ₦520,000,000).
    • Average Price: ₦800,000,000 (based on limited listings; range: ₦350,000,000–₦800,000,000).
  • Apartments:
    • 2-Bedroom Flats (4 Units on 1,245 sqm): ₦800,000,000 each (Oriwu Estate by Elf Estate).
    • 8 Units (12 x 2-Bedroom Flats + 2 x 1-Bedroom Flats): ₦1,500,000,000 (1,245 sqm, C of O).
  • Land:
    • 600–800 sqm Plots: ₦67,000,000–₦100,000,000 (e.g., Edward Hotonu Street near Elf Estate).
    • Average Price: ₦71,666,667 (range: ₦60,000,000–₦100,000,000).

For Rent

  • Houses:
    • 5-Bedroom Detached House with Mini-Flat BQ: ₦10,000,000–₦12,000,000 per annum (service charge: ₦500,000; agency/legal/caution: 10% each).
    • Total Package Example (5-Bedroom): Rent (₦12,000,000) + Service Charge (₦500,000) + Agency (₦1,200,000) + Legal (₦1,200,000) + Caution (₦1,200,000) = ₦16,100,000 first-year total.
  • Apartments:
    • 2-Bedroom Flat: ₦5,000,000–₦7,000,000 per annum (service charge: ₦500,000; agency/legal/caution: 10% each).
    • Total Package Example (2-Bedroom): Rent (₦5,000,000) + Service Charge (₦500,000) + Agency (₦500,000) + Legal (₦500,000) + Caution (₦500,000) = ₦7,000,000 first-year total.
  • Average Rental Price: ₦6,988,636 (range: ₦5,000,000–₦12,000,000 for similar properties in Lekki Phase 1).

Investment Potential

  • Advantages:
    • Prime location in Lekki Phase 1, near Whitesands School and major business hubs, ensures high demand for rentals and sales.
    • Secure titles (C of O, Governor’s Consent) reduce investment risks.
    • Proximity to developments like the Lekki Free Trade Zone, Lekki Deep Sea Port, and proposed Fourth Mainland Bridge boosts long-term appreciation.
    • High ROI potential, with examples like Lekki Gardens investors earning ₦116.03 million in under 2 years.
  • Challenges:
    • High property prices (e.g., ₦800,000,000 for bungalows) may limit affordability for some investors.
    • Limited listings suggest lower market visibility compared to newer estates like Lekki Foreshore or Ikate Elegushi.
  • Outlook: Elf Estate’s established status, robust infrastructure, and prime location make it a strong choice for luxury homebuyers and investors seeking stable rental income or capital gains.

Nearby Estates and Developments

  • Femi Okunnu Estate, Oriwu Estate, Prime Water View Estate, Lekki Foreshore Estate, and Cowrie Creek Estate.
  • Proximity to Nike Art Gallery, Centro Lekki Mall, and top schools like Whitesands School and Corona School.

Contact Information

For inquiries or property viewings:

  • Elf Estate, Lekki Phase 1:
    • Samos Investments Limited: 08023988959 (for ₦800,000,000 flats).
    • Walere Properties Link Enterprise: 09151687843 (for ₦1,500,000,000 mixed units).
    • Nigeria Property Centre: nigeriapropertycentre.com.
    • PropertyPro Nigeria: propertypro.ng.
  • General Inquiries: Lekki Gardens (in**@**********ns.com, 07001239008) for similar developments in Lekki Phase 1.
  • Note: Verify agent credentials and inspect properties physically before payments.

Conclusion

Elf Estate (UPDC Estate) in Lekki Phase 1 offers a luxurious and secure living experience with modern infrastructure, including interlocked roads, 24/7 security, and reliable utilities. Its strategic location near Whitesands School and the Lekki-Epe Expressway makes it ideal for high-income residents and investors. While property prices are premium, reflecting Lekki Phase 1’s upscale market, the estate’s secure titles and proximity to major developments ensure strong investment potential. Contact verified agents for the latest pricing and availability.

Disclaimer: Prices and availability are based on data as of June 25, 2025, and may vary. Verify details with estate agents or developers for accuracy.

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