Jakande Estate, Lekki: Full Details and Breakdown

Jakande Estate, Lekki: Full Details and Breakdown

Overview

Jakande Estate, located in the Ilasan area of Lekki, Lagos, Nigeria, is a historic low-cost housing estate developed during the administration of Alhaji Lateef Jakande, the first civilian governor of Lagos State (1979–1983). Named in his honor by residents, the estate was part of a visionary initiative to provide affordable housing for low- and middle-income earners, particularly civil servants and those displaced from areas like Maroko in 1990. Spanning the Lekki Peninsula in the Eti-Osa Local Government Area, Jakande Estate is primarily residential with some commercial activity, offering a mix of original low-cost flats, bungalows, and newer luxury developments. Despite its initial allure as a serene and affordable community, the estate faces challenges like deteriorating infrastructure and flooding, though its strategic location and ongoing developments make it a notable area in Lekki.

Location and Accessibility

  • Address: Jakande Estate, Ilasan, Lekki, Lagos, Nigeria.
  • Strategic Location: Situated in Lekki Phase 2, near the Lekki-Epe Expressway, Jakande Estate is accessible via Jakande First Roundabout. It is bounded by upscale neighborhoods like Lekki Phase 1, Osapa London, Agungi, and Ilasan, and is close to business districts such as Victoria Island and Ikoyi (15–20 minutes’ drive).
  • Proximity to Amenities: The estate is near Circle Mall, Lekki Conservation Centre (3.3 miles), Elegushi Private Beach, and Landmark Beach, enhancing its appeal for residents and visitors. The proposed Lagos-Calabar Coastal Highway alignment is set to improve connectivity further.
  • Challenges: Some roads within the estate have potholes, and the road linking to nearby Beachgate Hotel is reported to be in poor condition. Flooding is a concern due to Lekki’s low-lying terrain, particularly in older sections of the estate.

Developer Information

  • Lagos State Government (Jakande Administration): Under Alhaji Lateef Jakande, the government constructed over 30,000 low-cost housing units across Lagos, including Jakande Estate in Ilasan, Lekki. These estates were funded by increasing tenement rates in affluent areas like Victoria Island and Lekki, as well as fees for lottery and gaming licenses.
  • Purpose: Designed to provide affordable housing for low-income earners, civil servants, and Maroko evictees displaced in 1990 due to urban development. The estate was not reserved for political affiliates but was accessible through public announcements.
  • Legacy: Jakande’s housing program remains unmatched, with estates like Ilasan, Oke-Afa, and Abesan named after him by residents. His administration’s vision transformed Lagos into a modern city, with estates strategically located in serene outskirts.

Property Types and Features

Jakande Estate offers a mix of original low-cost housing and newer luxury developments, catering to both budget-conscious residents and investors seeking high-end properties. Below is a breakdown of property types:

1. Original Low-Cost Housing (Flats and Bungalows)

  • Description: Two- and three-bedroom flats in two-storey buildings and small bungalows, built in the early 1980s for low-income earners, including Maroko evictees. These units were initially priced at ₦5,800–₦7,000 (mortgage-based), with bungalows costing around ₦100,000 in the 1980s.
  • Features:
    • Basic designs with functional layouts.
    • Some units remain incomplete or dilapidated, with rough facades and minimal maintenance.
    • Community-built facilities like markets, mosques, and churches in Ilasan.
  • Current Condition: Many flats suffer from neglect, with issues like broken sewage systems, stagnant water, and poor drainage, leading to unhealthy living conditions. Some residents wade through flooded areas in rain boots.
  • Price:
    • Historical: ₦5,800–₦7,000 for flats, ₦100,000 for bungalows (1980s).
    • Current: Limited data on sales of original units, but newer developments dominate the market.

2. Newer Luxury Developments

  • Description: Modern estates like Maiyegun Beach Estate, Northern Foreshore Estate, and Arcadia Grove Estate have emerged within or near Jakande, offering duplexes, apartments, and land for sale.
  • Property Types:
    • 4-Bedroom Terrace Duplex: Off-plan or completed units with boys’ quarters (BQ), priced at ₦220,000,000–₦285,000,000. Features include fully fitted kitchens, modern fixtures, 24/7 security, and access to estate amenities like pools and gyms.
    • 5-Bedroom Detached/Semi-Detached Duplex: Priced at ₦150,000,000–₦700,000,000 (e.g., in Pinnock Beach Estate). Features include spacious living areas, CCTV, central sound systems, and luxury finishes.
    • 2- and 3-Bedroom Apartments: Fully furnished flats in estates like Northern Foreshore, priced at ₦125,000,000–₦135,000,000. Features include elevators, bulletproof doors, and smart home systems.
    • Land: Plots in Maiyegun Beach Estate and other areas, starting at ₦350,000–₦500,000 per sqm for 500–2,000 sqm. Titles include Certificate of Occupancy (C of O) or Governor’s Consent.
  • Rental Prices:
    • 2-bedroom apartment: ₦8,500,000–₦9,000,000/year (unfurnished/furnished).
    • 4-bedroom terrace/semi-detached duplex: ₦12,000,000–₦13,000,000/year (service charge: ₦960,000–₦1,600,000, agency/legal fees: 10% each).
    • 5-bedroom detached duplex: ₦15,000,000/year in estates like Pinnock Beach.
  • Short-Let: 2- and 3-bedroom apartments range from ₦75,000–₦180,000/day, popular for tourists and expatriates.

3. Oasis Estate by Arkland Properties

  • Description: A newer serviced plot development in Jakande, offering 500 sqm plots for residential and commercial use.
  • Features: Flat topography, high-standard infrastructure, and flexible architectural designs. Ideal for custom-built luxury homes.
  • Price: Not specified, but comparable plots in the area start at ₦350,000/sqm.

Estate Amenities and Infrastructure

Jakande Estate’s original infrastructure was robust for its time but has deteriorated significantly. Newer developments within the area offer modern amenities:

  • Original Amenities (1980s):
    • Good drainage and sewage systems, health centers, schools, markets, mosques, churches, and sports fields.
    • Ilasan Jakande Primary School, Junior and Senior Secondary Schools (built by Chevron Plc), and a health center.
  • Current Challenges:
    • Dilapidated sewage systems and poor drainage, leading to stagnant water and health hazards.
    • No Lagos State Water Corporation supply; residents rely on boreholes or private water sources.
    • Unpaved roads, uncompleted buildings, and illegal structures like kiosks.
  • Newer Estates’ Amenities:
    • 24/7 security, power supply, and treated water in estates like Maiyegun Beach and Northern Foreshore.
    • Communal facilities: swimming pools, gyms, clubhouses, mini-marts, and playgrounds.
    • Private beach access in Maiyegun Beach Estate.
  • Commercial and Social Hubs:
    • Jakande Market: A hub for perishable and non-perishable goods near the First Gate bus stop.
    • Circle Mall: A modern shopping mall with supermarkets and eateries, opposite Maiyegun Beach Estate.
    • Eateries and Lounges: Chicken Republic, 3.0 Lounge, Princess Bar, Iya Alaje Bar, and Beachgate Hotel offer dining, entertainment, and event spaces.
    • Schools: RubyGold British School (nearby), Ilasan Senior Secondary School, Gbara Junior Secondary School, and private institutions like Chrisland Schools.
    • Healthcare: Godson Clinic & Maternity Hospital and St. Kizito’s Clinic.

Pricing and Investment Details

  • Average Property Prices:
    • Houses for sale: ₦240,000,000–₦258,422,939 (newer developments).
    • Most expensive: ₦1,000,000,000 (luxury duplexes in Pinnock Beach Estate).
    • Cheapest: ₦500,000 (smaller plots or older units).
    • Land: ₦350,000–₦500,000/sqm for 500–2,000 sqm plots.
  • Rental Prices:
    • Average: ₦3,000,000/year for older flats; ₦8,500,000–₦15,000,000/year for newer duplexes/apartments.
    • Short-let: ₦75,000–₦180,000/day for furnished apartments.
  • Investment Potential:
    • Affordable housing for corporate workers on tight budgets, given proximity to Victoria Island and Ikoyi.
    • High ROI in newer estates due to demand for luxury rentals and short-lets, especially near Circle Mall and beaches.
    • Flexible payment plans (e.g., 50% initial deposit, balance over 12 months) for off-plan properties.
  • Titles: Certificate of Occupancy, Governor’s Consent, or Deed of Assignment for newer properties; older units may have allocation letters from the 1980s.

Challenges and Considerations

  • Infrastructure Decay: The original Jakande Estate suffers from neglected facilities, including broken sewage systems, flooding, and littered environments, earning it the nickname “Small London” now turned squalor.
  • Security Concerns: As an open estate, it lacks gated security, with reported incidents of robbery and criminal activities.
  • Demolition Threats: In March 2024, the Lagos State Task Force demolished illegal structures and shanties around Jakande Estate for the Lagos-Calabar Coastal Highway project, raising fears of further evictions among residents.
  • Eviction Fears: Residents, particularly Maroko evictees, suspect covert plans by the Lagos State Government and developers to displace them for high-end developments, with no clear communication.
  • Price Increases: Planned renovations by the Lagos State Government may drive up property prices, reducing affordability.

Awards and Recognition

  • Jakande’s Legacy: Alhaji Lateef Jakande’s housing program is celebrated for providing over 30,000 units, a record unmatched by any Lagos governor. The estates were a landmark achievement for low-income housing.
  • Community Efforts: Ilasan residents built communal facilities like markets and religious centers, reflecting resilience despite government neglect.

Recent Developments

  • Demolition (March 2024): The Lagos State Government cleared illegal structures around Jakande Estate and Maiyegun for the Lagos-Calabar Coastal Highway, sparking controversy and protests over lack of humanitarian support for affected residents.
  • Proposed Renovations: The Lagos State Ministry of Physical Planning and Urban Development plans to remodel distressed buildings, though no specific timeline for Jakande Estate has been confirmed.
  • New Estates: Developments like Oasis Estate and Maiyegun Beach Estate are transforming parts of Jakande into upscale hubs with private beach access and modern infrastructure.

Why Choose Jakande Estate?

  • Affordability: Original flats remain a budget-friendly option for workers needing proximity to business districts.
  • Strategic Location: Close to Lekki’s commercial and recreational hubs, with access to beaches and malls.
  • Investment Potential: Newer developments offer high ROI for rentals and short-lets, appealing to investors.
  • Community Resilience: Despite challenges, residents have sustained communal facilities like schools and markets.

Contact Information

  • Real Estate Agents:
    • Innerworkings Investments Ltd: +2348063531327
    • Top Notch Real Estate: +2349162868982
    • House Of Davanni: +2348051280014
    • Mercihome Properties: +2347032562319
    • Boyol Properties & Investment Limited: +2348120081009
  • General Inquiries: Contact the Lagos State Ministry of Physical Planning and Urban Development or local agents for property details.

Conclusion

Jakande Estate in Lekki, originally a beacon of affordable housing, reflects a complex blend of historical significance and modern challenges. While the original low-cost flats suffer from neglect, flooding, and eviction fears, newer developments like Maiyegun Beach and Northern Foreshore Estates are revitalizing the area with luxury properties and high investment potential. Its proximity to Lekki’s business and leisure hubs makes it appealing for budget-conscious residents and investors alike. However, prospective buyers or renters should verify property titles, assess infrastructure conditions, and stay updated on government plans for renovations or demolitions. For the latest details, contact verified agents or visit the estate for inspections.

Disclaimer: Prices, availability, and government plans are subject to change. Verify details with authorized agents or the Lagos State Government before making decisions.

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