Review On Horizon Cyberville Estate Lekki: Full Details

Horizon Cyberville Estate Lekki: Full Details With Complete Breakdown + Price List

Introduction

Horizon Cyberville Estate, nestled in the vibrant Ikate-Elegushi area of Lekki, Lagos, Nigeria, is a luxurious, technology-driven residential development by Horizon Estates. Designed to offer a blend of modern comfort, smart home features, and proximity to the Atlantic Ocean, this estate caters to discerning homeowners and investors. With its prime location and high-quality infrastructure, Horizon Cyberville is positioned as a top choice for contemporary luxury living. This article provides a comprehensive overview of the estate, including its features, amenities, location benefits, and a detailed price list based on available data.

Location and Accessibility

Horizon Cyberville Estate is located off Nike Art Gallery Road, Ikate-Elegushi, near Victoria Bay 3 Estate and close to Elegushi Beach. Its strategic position in Lekki Phase 1 ensures easy access to major business hubs, with Victoria Island approximately 10–15 minutes away and Ikoyi 20–25 minutes during off-peak hours. The estate is accessible via the Lekki-Epe Expressway and well-maintained roads like Palm Springs Road. Key landmarks include Nike Art Gallery (5 minutes) and Elegushi Beach (5-minute walk). The estate features interlocked paved roads and efficient drainage systems, ensuring a flood-free environment. Rush-hour traffic (6:30 AM–8:00 AM) may extend travel times.

Features and Amenities

Horizon Cyberville is a fully automated, gated community emphasizing smart technology and luxury. Key features include:

  • Smart Home Technology: Homes are equipped with advanced automation systems for lighting, security, and appliances, offering customizable living options.
  • Modern Architecture: Properties range from apartments to duplexes, designed with high-quality materials and contemporary aesthetics.
  • 24/7 Security: Perimeter fencing, CCTV cameras, 24-hour security personnel, intercoms, and doorbells ensure resident safety.
  • Reliable Power Supply: 16–24 hours of electricity via EKEDC, supplemented by estate generators, with some units offering constant power.
  • Central Water System: Treated water supply ensures consistent access to clean water.
  • Infrastructure: Interlocked roads, streetlights, waste management, and landscaped environments enhance functionality and appeal.
  • Recreational Facilities: Plans for communal amenities like swimming pools, tennis courts, and recreational parks, with some properties featuring private pools.
  • Ocean Views: Select units offer stunning views of the Atlantic Ocean, adding to the serene ambiance.
  • Proximity to Nature: The estate’s waterfront location near Elegushi Beach provides a tranquil living experience.

Housing Options

Horizon Cyberville offers a variety of housing types to suit diverse preferences:

  • 1-Bedroom Apartments: Compact, furnished units ideal for singles or investors.
  • 2-Bedroom Apartments: Spacious units with modern fittings, suitable for small families.
  • 3-Bedroom Terrace Duplexes: Well-finished homes with boys’ quarters (BQ) and sea views.
  • 4-Bedroom Maisonette Duplexes: Luxury units, available as carcasses or finished, with ocean views and premium features.
  • 5-Bedroom Semi-Detached Duplexes: Two-story homes with expansive spaces and high-end finishes.

Investment Potential

Horizon Cyberville is a compelling investment opportunity due to:

  • High ROI: Past projects by Lekki Gardens, a related developer, saw over 150% ROI, with duplexes rising from ₦15 million in 2013 to over ₦50 million today.
  • Property Appreciation: The Lekki Phase 1 market shows consistent value growth, with 4-bedroom duplexes averaging ₦45 million in similar estates.
  • Rental Income: Strong demand in Ikate-Elegushi ensures high rental yields, with 3-bedroom terraces fetching ₦7–12 million annually.
  • Flexible Payment Plans: Options for installments (e.g., 50% initial deposit) make purchases accessible.
  • Elite Community: Proximity to Lekki’s affluent residents offers networking opportunities.

Price List and Service Charges

Based on recent listings from Nigeria Property Centre, X posts, and market trends, below is a detailed price list for Horizon Cyberville properties:

  • 1-Bedroom Furnished Apartment (Ikate, Horizon Extension):
    • Rent: ₦4,500,000–₦5,000,000 per annum.
    • Service Charge: ₦540,000 per annum.
    • Additional Fees: Agency (10%), Legal (10%), Caution (₦500,000).
    • Features: Fully furnished, sea view, short-let allowed, 2nd floor.
  • 2-Bedroom Apartment (Horizon 2 Extension, Ikate):
    • Rent: ₦5,000,000 per annum.
    • Service Charge: Not specified.
    • Additional Fees: Agency (10%), Legal (10%), Caution (10%).
    • Features: Spacious, secure estate, off Christ Embassy Road.
  • 3-Bedroom Apartment (Horizon Cyberville, Nike Art Gallery Road):
    • Rent: ₦7,000,000 per annum.
    • Service Charge: ₦430,000 per annum.
    • Additional Fees: Agency (10%), Legal (10%), Caution (10%).
    • Features: 3rd floor, 16 hours power, beside Victoria Bay 3.
  • 3-Bedroom Terrace Duplex + BQ (Horizon Cyberville, Ikate):
    • Rent: ₦5,500,000–₦12,000,000 per annum (corner piece: ₦12,000,000).
    • Service Charge: ₦500,000–₦550,000 per annum.
    • Additional Fees: Agency (10%), Legal (10%), Caution (10%).
    • Features: Sea view, fitted kitchen, 24/7 security, 16 hours power, parking.
  • 4-Bedroom Maisonette Duplex (Carcass, Horizon Cyberville):
    • Sale Price: ₦135,000,000 (outright, 0–3 months) or ₦150,000,000 (installments).
    • Initial Deposit: 50% (₦67,500,000–₦75,000,000).
    • Features: Ocean view, secured community, expected completion Q2 2025, near Elegushi Beach.
  • 4-Bedroom Maisonette + BQ (Finished, Horizon Cyberville):
    • Rent: ₦11,000,000–₦12,000,000 per annum (2-year upfront).
    • Service Charge: ₦550,000 per annum.
    • Additional Fees: Agency (10%), Legal (10%), Caution (10%).
    • Features: Fully furnished, swimming pool, sea view, 24/7 security.
  • 5-Bedroom Semi-Detached Duplex:
    • Sale Price: ₦180,000,000–₦250,000,000 (estimated, based on market trends).
    • Features: Luxury finishes, spacious compound, smart home systems.
  • Additional Costs (Purchase):
    • Legal and Admin Fees: 5% of purchase price.
    • VAT: 7.5%.
    • Survey Fee: ₦1,500,000–₦2,000,000.

Note: Prices are based on Nigeria Property Centre, X posts (June 2024–2025), and market trends for Lekki Phase 1. For current pricing, contact agents like Heritage Global Consultant (08028111215) or Aloda Limited (08168064058).

Customer Testimonials

  • Engineer Bamidel M.: “As a structural engineer, I was skeptical about Horizon’s claims, but their quality convinced me to buy four units instead of two, with a discount!”
  • Mrs. Chukwuemeka G.: “Horizon Cyberville gave me peace of mind with its flexible payment plan and top-notch quality. It’s one of my best decisions.”
  • Mr. Wale A.: “The ocean view and smart home features in my 4-bedroom maisonette are unmatched. The estate’s security is top-tier.”

Challenges and Considerations

Prospective buyers should note:

  • Construction Timelines: Some units (e.g., 4-bedroom maisonettes) are sold as carcasses with completion expected in Q2 2025, requiring buyers to finish interiors.
  • Traffic Congestion: Peak-hour traffic along the Lekki-Epe Expressway can delay travel to Victoria Island or Ikoyi.
  • Due Diligence: Verify titles (e.g., Governor’s Consent, C of O) and inspect structural quality, given past concerns with some Lekki developments.
  • Service Charges: Annual fees (₦430,000–₦550,000) may increase based on amenities added.

Conclusion

Horizon Cyberville Estate in Lekki’s Ikate-Elegushi area offers a unique blend of luxury, smart technology, and investment potential. With its ocean views, modern infrastructure, and proximity to Elegushi Beach, it appeals to those seeking a serene yet connected lifestyle. Despite challenges like traffic and construction timelines, its high ROI, flexible payment plans, and elite community make it a standout in Lagos’ real estate market. For the latest pricing and inspections, contact Horizon Estates or trusted agents.

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