Fountain Springville Estate, Lekki (Breakdown + Price List)

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

Overview

Fountain Springville Estate is a serviced, gated residential community located along Monastery Road, off the Lekki-Epe Expressway in Sangotedo, Lekki, Lagos, Nigeria. Developed by HFP Nigeria Limited, known for projects like Victoria Garden City (VGC) and Mayfair Gardens, the estate spans a well-planned area with approximately 40% of its land developed. It is designed for middle- and high-income families, offering a secure, serene environment with modern infrastructure, including 24-hour electricity and robust amenities. Its proximity to Novare Mall Shoprite and major economic hubs like the Lekki Free Trade Zone makes it a prime choice for residents and investors.

Location and Accessibility

  • Location: Situated in Sangotedo, Lekki, along Monastery Road, behind Novare Mall Shoprite. Nearby landmarks include Lagos Business School, Lufasi Nature Park, and Caleb British International School.
  • Accessibility:
    • Approximately 1 hour to Victoria Island during off-peak hours and 1 hour 20 minutes to 2 hours 20 minutes during rush hour (6:00 AM–8:30 AM).
    • The Lekki-Epe Expressway is a tarred, high-quality main route, though morning traffic can be heavy from Chevron to Ikate. Estate roads are interlocked with covered drainage systems.
    • Single gated entrance/exit with strict security protocols enhances safety.
  • Strategic Advantage: Sangotedo’s Monastery Road area is in high demand due to quality infrastructure and proximity to the Lekki Free Trade Zone, Lekki Deep Sea Port, proposed Lekki Airport, and the Fourth Mainland Bridge, boosting investment potential.

Infrastructure and Amenities

  • Gated Community: Features one entrance/exit manned by armed and unarmed security guards, including mobile police, with CCTV surveillance and visitor clearance requiring host confirmation. No reported crime occurrences within the estate.
  • Road Network: Interlocked central and street roads with covered drainage channels, ensuring a flood-free environment. Pedestrian walkways enhance accessibility.
  • Utilities:
    • Electricity: Estate-owned transformers provide stable power, supplemented by EKDC. Residents use generators/inverters for backup. Prepaid meters are used, with a one-time electricity connection fee of ₦1,050,000 post-construction.
    • Water Supply: Centralized water treatment plant supplies clean, treated water, with a one-time connection fee of ₦400,000 post-construction.
    • Waste Management: Handled by the estate management authority, with effective waste collection and regular fumigation included in service charges.
  • Recreational Facilities:
    • Two recreational parks with children’s playgrounds.
    • Well-landscaped, eco-friendly environment with green play areas.
  • Service Charges:
    • Annual service charge: ₦180,000, covering security, waste management, sanitation, and street lights.
    • Agency/legal fees: 10% each of annual rent.
    • Caution fee: ₦500,000 (refundable, varies by property).
  • Nearby Amenities: Novare Mall Shoprite, Joygold Mall, Lufasi Nature Park, Greensprings School, Corona School, and Lagos State Jubilee Homes (5–15 minutes’ drive).

Property Types and Features

  • Property Types: Primarily family duplexes (detached and semi-detached), bungalows, and residential plots for custom builds.
  • Features:
    • Detached Duplexes (4–5 bedrooms):
      • All en-suite bedrooms with walk-in closets, jacuzzis in master suites, and boys’ quarters (BQ).
      • Fully fitted kitchens with appliances (oven, extractor, cooker), spacious living areas, and parking for 4–6 cars.
      • Features like POP ceilings, Bluetooth central speakers, water heaters, and CCTV in luxury units.
    • Semi-Detached Duplexes (4 bedrooms):
      • En-suite rooms, fitted kitchens with modern fittings, family lounges, and BQ.
      • Spacious compounds with contemporary finishes like concrete stamp floors and shower cubicles.
    • Residential Plots:
      • Sizes: 400–1,140 sqm.
      • Suitable for custom-built duplexes or bungalows.
      • Titles: HFP Deed, Certificate of Occupancy (C of O), or Governor’s Consent.
  • Title: Secure ownership with C of O, Governor’s Consent, or HFP Deed of Assignment.

Price List

Note: Prices are based on listings from Nigeria Property Centre, PropertyPro Nigeria, and other sources, updated as of June 25, 2025. Prices vary based on property condition, size, and market trends.

For Sale

  • Houses:
    • 4-Bedroom Semi-Detached Duplex with BQ: ₦90,000,000 (533.986 sqm land, 3-bedroom BQ, brand new).
    • 5-Bedroom Fully Detached Duplex: ₦165,000,000 (fully fitted kitchen, jacuzzi, 6-car parking, global C of O).
    • Average House Price: ₦140,000,000 (range: ₦24,000,000–₦880,000,000 for Sangotedo properties).
  • Residential Plots:
    • 400 sqm: ₦22,000,000.
    • 470 sqm: ₦25,000,000 (HFP Deed).
    • 1,000 sqm: ₦85,000,000–₦130,000,000 (C of O).
    • 1,140 sqm: ₦280,000,000 (HFP Deed).
    • Average Land Price: ₦75,000,000 (range: ₦75,000,000–₦280,000,000).
    • Payment Plans:
      • Outright: 5%–10% discount within 30–60 days.
      • 6–12 months: 20%–30% initial deposit, balance spread interest-free (terms vary by seller).
  • Commercial Properties: Limited availability; contact agents for details.

For Rent

  • Houses:
    • 4-Bedroom Semi-Detached Duplex: ₦3,500,000–₦5,000,000 per annum (service charge: ₦180,000; agency/legal: 10% each; caution: ₦500,000).
    • Total Package Example (4-Bedroom): Rent (₦4,000,000) + Service Charge (₦180,000) + Agency (₦400,000) + Legal (₦400,000) + Caution (₦500,000) = ₦5,480,000 first-year total.
    • Average Rental Price: ₦2,500,000–₦5,000,000 per annum (Sangotedo trends).
  • Apartments/Flats: Limited listings; contact agents for availability.

Investment Potential

  • Advantages:
    • Sangotedo’s rapid growth, driven by the Lekki Free Trade Zone, Dangote Refinery, and Lekki Deep Sea Port, ensures high property appreciation (20%–30% annual ROI, as seen in Lekki Gardens with ₦116.2 million returns in under two years).
    • Affordable land prices (e.g., ₦22M for 400 sqm) offer high capital appreciation potential as Sangotedo develops.
    • 24-hour electricity, secure titles (C of O, HFP Deed), and modern amenities like recreational parks enhance rental demand.
    • Monastery Road’s quality infrastructure and proximity to Novare Mall increase desirability.
  • Challenges:
    • Rush-hour traffic (1.5–2 hours to Victoria Island) may deter some residents.
    • Flooding risks in Sangotedo are mitigated by covered drainage but require ongoing maintenance.
    • Limited current listings for houses and flats suggest high demand or low turnover.
  • Outlook: Fountain Springville’s robust infrastructure, strategic location, and HFP’s reputable development standards position it as a high-potential investment with strong rental yields and capital gains.

Nearby Estates and Developments

  • Emperor Estate, Crown Estate, Fara Park Estate, Diamond Estate, Pearl Gardens Estate, and Lagos State Jubilee Homes.
  • Proximity to Novare Mall Shoprite, Lufasi Nature Park, Greensprings School, and Lagos Business School.

Contact Information

For inquiries or property viewings:

  • Fountain Springville Estate, Sangotedo:
    • Transcend Homes & Properties Ltd: 08064491192 (land inquiries, ₦130M).
    • Oip Properties: 07061276409 (land inquiries, ₦280M).
    • Macroda Nigeria Ltd: Contact via Jiji.ng (₦85M land).
    • Neighbourhood Review Nigeria Ltd: +234-8132257106, in**@*****************ew.com.
  • General Inquiries: Lekki Gardens (in**@**********ns.com, 07001239008) for similar developments.
  • Note: Verify agent credentials and inspect properties physically before payments to avoid scams.

Conclusion

Fountain Springville Estate in Sangotedo, Lekki, offers a secure, family-friendly living experience with 24-hour electricity, interlocked roads, and modern amenities like recreational parks. Developed by HFP Nigeria, its strategic location behind Novare Mall Shoprite and proximity to the Lekki Free Trade Zone ensure high investment potential, with 20%–30% annual ROI. Affordable land and luxury duplexes cater to diverse needs, supported by secure titles and quality infrastructure. 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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