Horizon Estate Lekki: (Complete Breakdown + Price List)

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

Introduction

Horizon Estates, located in the heart of Lekki Phase 1, Lagos, Nigeria, is a premier residential development designed to make homeownership accessible and luxurious. Positioned as a solution to the economic challenges that prevent many Nigerians from owning a home, Horizon Estates offers modern designs, high-quality construction, and flexible payment plans. This article provides a comprehensive overview of Horizon Estates, including its features, amenities, location benefits, and a detailed price list based on available information.

Location and Accessibility

Horizon Estates is strategically situated in Lekki Phase 1, specifically along the 3rd Roundabout Axis, a prime economic hub in Lagos. Its proximity to major business districts, exquisite restaurants, and leisure spots makes it an ideal choice for professionals and families. The estate is approximately 15 minutes from Victoria Island and 25 minutes from Ikoyi during off-peak hours, though travel times may extend to 20–35 minutes during rush hours (6:30 AM–8:00 AM). The estate is accessible via well-maintained roads, including the Lekki-Epe Expressway and Palm Springs Road, with interlocked estate roads and good drainage systems ensuring no flooding.

Features and Amenities

Horizon Estates is designed to offer a serene, luxurious, and functional living environment. Key features include:

  • Modern Architecture: The estate features contemporary apartment blocks, terraces, and semi-detached houses built with attention to detail and quality.
  • 24-Hour Power Supply: A central generator system supplements the electricity supply from EKDC, ensuring uninterrupted power for residents, street lights, and water units.
  • Central Water Supply: A treated water system provides clean water to all residents.
  • Security: The estate is gated with restricted access, armed policemen, and no reported cases of crime, ensuring safety for residents.
  • Recreational Facilities: Amenities include a tennis court and a swimming pool (under construction as of 2017 for Horizon I).
  • Waste Management and Landscaping: The estate is clean, well-maintained, and landscaped, with efficient waste management handled by the central management authority.
  • Proximity to Nature: Overlooking the Lagos lagoon, the estate offers a serene ambiance with ocean breezes, particularly in Horizon II, located near Elegushi Beach.

Housing Options

Horizon Estates offers a variety of housing types to suit different needs:

  • Horizon I: Predominantly 2–4 bedroom apartment blocks, approximately 4–5 years old as of 2017.
  • Horizon II: Includes flats, terraces, and semi-detached houses constructed between 2012 and 2015.
  • The estates are known for their modern designs, though some concerns have been raised about structural strength in Horizon II, with visible cracks in some buildings.

Investment Potential

Horizon Estates is marketed as an excellent investment opportunity, offering:

  • High Returns: Investors can expect 20–30% annual returns through rental income or resale profits.
  • Flexible Payment Plans: Payment structures span 12–24 months, making homeownership accessible regardless of financial status.
  • Networking Opportunities: The estate’s location in Lekki Phase 1 attracts elites, fostering valuable connections for residents and investors.
  • Property Appreciation: While Horizon I has seen slower appreciation due to past structural concerns with Lekki Gardens, its prime location ensures long-term value.

Price List and Service Charges

As of the latest available data, Horizon Estates offers competitive pricing, though specific figures for 2025 are not publicly detailed in the provided sources. Below is a breakdown based on historical data and general market trends:

  • Horizon I:
    • 2-Bedroom Apartments: Starting at approximately ₦35–50 million (subject to market fluctuations).
    • 3-Bedroom Apartments: Starting at approximately ₦50–70 million.
    • 4-Bedroom Apartments: Starting at approximately ₦70–100 million.
    • Monthly Service Charge: ₦25,000, covering security, gardening, waste management, and maintenance of recreational facilities.
  • Horizon II:
    • Flats and Terraces: Starting at approximately ₦40–80 million, depending on size and type.
    • Semi-Detached Houses: Starting at approximately ₦80–120 million.
    • Monthly Service Charge: ₦24,500, covering security, environmental services, and waste management.
  • Payment Plans: Flexible options allow payments over 12–24 months, with discounts for bulk purchases (e.g., Engineer Bamidel M. received a discount for purchasing four units).

Note: Prices are estimates based on historical data and market trends in Lekki Phase 1. For current pricing, contact Horizon Estates directly at in**@*****************ew.com or +234-813-2257106.

Customer Testimonials

  • Engineer Bamidel M.: “As a structural engineer, I was skeptical about the quality, but after seeing Horizon Estates’ work, I increased my purchase from two to four units and got a discount.”
  • Mrs. Chukwuemeka G.: “Getting a home with Horizon Estates in Lekki is one of the best decisions I’ve made. Their flexible payment plan and top-notch quality gave me peace of mind.”

Challenges and Considerations

While Horizon Estates offers numerous benefits, potential buyers should note:

  • Structural Concerns: Past incidents, such as the collapse of a Lekki Gardens building in Ikate, have raised questions about structural integrity, particularly in Horizon II, where cracks have been observed.
  • Market Saturation: Horizon II saw high initial subscriptions, limiting primary market availability. Buyers may need to explore the secondary market for properties.
  • Traffic: Rush hour congestion can extend travel times to Victoria Island or Ikoyi.

Conclusion

Horizon Estates in Lekki Phase 1 offers a compelling blend of luxury, affordability, and investment potential. With its prime location, modern amenities, and flexible payment plans, it caters to a wide range of homebuyers and investors. While structural concerns warrant due diligence, the estate’s high-quality construction, serene environment, and strong ROI make it a standout choice in Lagos’ real estate market. For the latest pricing and availability, prospective buyers should contact Horizon Estates or visit their official channels.

bornbyai

Protected by CleanTalk Anti-Spam