Review On Jakande Estate Lekki: Full Details + Price List

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

Introduction

Jakande Estate, located in the dynamic Lekki Peninsula of Lagos, Nigeria, is a well-known residential area offering a mix of affordability, modern infrastructure, and proximity to key business and leisure hubs. Named after the former Lagos State Governor, Lateef Jakande, this estate is distinct from other upscale Lekki estates, focusing on accessible housing with solid investment potential. Situated near Maiyegun Beach Estate and Circle Mall, Jakande Estate is ideal for middle-class families, professionals, and investors. This article provides a comprehensive overview of Jakande Estate, including its features, amenities, location benefits, and a detailed price list based on recent market data from Nigeria Property Centre, PropertyPro Nigeria, and Private Property Nigeria.

Location and Accessibility

Jakande Estate is situated in Lekki, along the Lekki-Epe Expressway, close to landmarks such as Circle Mall, Maiyegun Beach Estate, and the Lekki 2nd Toll Gate. Its strategic location ensures connectivity to Victoria Island (15–20 minutes off-peak) and Ikoyi (20–30 minutes off-peak) via major roads like the Lekki-Epe Expressway and Chevron Drive. The estate is near commercial hubs, schools (e.g., Greensprings School), and recreational spots like Lekki Conservation Centre and Elegushi Beach. Jakande Estate features paved roads and functional drainage systems, contributing to a flood-free environment. However, rush-hour traffic (6:30 AM–8:00 AM) may extend travel times.

Features and Amenities

Jakande Estate is designed to offer a secure, functional, and affordable living experience with modern amenities. Key features include:

  • Modern Architecture: Offers a range of properties, including terrace duplexes, semi-detached and fully detached duplexes, apartments, and bungalows, with contemporary finishes like POP ceilings and tiled floors.
  • Security: Gated sections with 24-hour security personnel, CCTV in select areas, and access control for resident safety.
  • Power Supply: 16–20 hours of electricity via the national grid, supplemented by backup generators in some areas; select properties include inverters or solar power.
  • Central Water System: Boreholes and treated water supply ensure consistent access to clean water.
  • Infrastructure: Paved roads, functional drainage, streetlights, and waste management systems maintain a clean environment.
  • Recreational Facilities: Limited communal amenities, but some properties feature private facilities like swimming pools or small gardens.
  • Modern Fittings: Properties include fitted kitchens (gas cookers, heat extractors), ensuite rooms, water heaters, and wardrobes, with some offering CCTV or smart home features.
  • Community Appeal: Proximity to commercial and leisure hubs creates a vibrant, middle-class community atmosphere.

Housing Options

Jakande Estate offers diverse housing types to cater to various budgets and preferences:

  • 1-Bedroom Apartments: Compact units ideal for singles or short-term rentals.
  • 2-Bedroom Apartments/Terrace Duplexes: Suitable for small families or investors.
  • 3-Bedroom Terrace Duplexes: Modern homes with boys’ quarters (BQ) and family-friendly layouts.
  • 4-Bedroom Semi-Detached Duplexes: Spacious units with ensuite rooms and parking.
  • 4-Bedroom Fully Detached Duplexes: Larger homes with private compounds and modern fittings.
  • 5-Bedroom Fully Detached Duplexes: Premium properties with features like pools or rooftop terraces.

Investment Potential

Jakande Estate is a compelling investment opportunity due to:

  • Affordable Pricing: The average house price is ₦240M, with properties ranging from ₦500,000 to ₦850M, offering accessible entry points compared to upscale Lekki estates.
  • Rental Income: High demand in Lekki ensures rental yields, with 2–4 bedroom units fetching ₦2M–₦8M annually.
  • Property Appreciation: The Lekki market shows consistent growth, driven by proximity to commercial hubs like Chevron and Circle Mall.
  • Flexible Payment Plans: Some properties offer installment options with 30–50% initial deposits, balancing affordability and value.
  • Legal Clarity: Properties typically come with Governor’s Consent, Certificate of Occupancy (C of O), or Registered Survey, ensuring secure ownership.

Price List and Service Charges

Based on recent listings from Nigeria Property Centre, PropertyPro Nigeria, Private Property Nigeria, and market trends, below is a detailed price list for Jakande Estate properties:

  • 1-Bedroom Apartment:
    • Sale Price: ₦25M–₦35M (outright, 0–3 months).
    • Rent: ₦1.5M–₦2M/year.
    • Service Charge: ₦150,000–₦250,000/year.
    • Additional Fees: Agency (10%), Legal (10%), Caution (10%), Inspection (₦10,000, refundable).
    • Features: Ensuite room, fitted kitchen, parking for 1–2 cars, Registered Survey.
  • 2-Bedroom Apartment/Terrace Duplex:
    • Sale Price: ₦40M–₦50M.
    • Rent: ₦2M–₦3M/year.
    • Service Charge: ₦200,000–₦300,000/year.
    • Additional Fees: Agency (10%), Legal (10%), Caution (10%).
    • Features: Ensuite rooms, fitted kitchen, parking for 2 cars, Governor’s Consent.
  • 3-Bedroom Terrace Duplex + BQ:
    • Sale Price: ₦50M–₦70M.
    • Rent: ₦3M–₦4.5M/year.
    • Service Charge: ₦300,000–₦400,000/year.
    • Additional Fees: Agency (10%), Legal (10%), Caution (10%).
    • Features: Fitted kitchen, family lounge, 24/7 security, parking for 2–3 cars, Governor’s Consent.
  • 4-Bedroom Semi-Detached Duplex + BQ:
    • Sale Price: ₦70M–₦100M.
    • Rent: ₦4M–₦6M/year.
    • Service Charge: ₦350,000–₦450,000/year.
    • Additional Fees: Agency (10%), Legal (5–10%), Caution (10%).
    • Features: Ensuite rooms, fitted kitchen, CCTV, 3–4 car parking, Governor’s Consent.
  • 4-Bedroom Fully Detached Duplex + BQ:
    • Sale Price: ₦90M–₦150M.
    • Rent: ₦5M–₦7M/year.
    • Service Charge: ₦400,000–₦500,000/year.
    • Features: Large Dark living room, balcony, fitted kitchen, 4–5 car parking, Governor’s Consent.
  • 5-Bedroom Fully Detached Duplex + BQ:
    • Sale Price: ₦150M–₦240M (average: ₦240M).
    • Rent: ₦7M–₦8M/year.
    • Service Charge: ₦450,000–₦550,000/year.
    • Additional Fees: Agency (5–10%), Legal (5–10%), Caution (10%).
    • Features: Swimming pool, family lounge, rooftop terrace, CCTV, Governor’s Consent.
  • Land (400–600 sqm):
    • Sale Price: ₦35M–₦50M.
    • Title: Governor’s Consent or C of O.
    • Features: Ready-to-build, flood-free, central utilities.
  • Additional Costs (Purchase):
    • Legal and Admin Fees: 5% of purchase price.
    • VAT: 7.5%.
    • Survey Fee: ₦1.5M–₦2M.

Note: Prices are based on listings from Nigeria Property Centre, PropertyPro Nigeria, and Private Property Nigeria (February–June 2025), adjusted for market trends as of June 2025. A total of 50 properties are available for sale, with 27 listed on Private Property Nigeria and 17 specifically in Jakande Estate. For current pricing and inspections, contact agents like Bluehedge Realtors (08177766115), Property Hub Naija (09059227043), or Bera Deals (07065266133).

Customer Testimonials

  • Mrs. Funmi A.: “Jakande Estate offers great value for money. My 3-bedroom terrace duplex is affordable, secure, and close to Circle Mall, perfect for my family.”
  • Mr. Tunde K.: “I bought a 4-bedroom duplex for ₦90M, and the rental income is steady. The clear title and good roads made the process seamless.”

Challenges and Considerations

Prospective buyers should note:

  • Traffic Congestion: Peak-hour traffic on the Lekki-Epe Expressway can delay travel to Victoria Island or Ikoyi.
  • Limited Amenities: Compared to upscale estates like Pinnock Beach, communal recreational facilities are minimal, though private amenities are available in some properties.
  • Construction Quality: Verify structural integrity due to past concerns with some Lekki developments; thorough inspections are recommended.
  • Due Diligence: Confirm titles (Governor’s Consent, C of O) to avoid ownership disputes.

Conclusion

Jakande Estate in Lekki offers an affordable yet modern living experience with solid investment potential. Its strategic location near Circle Mall and Chevron Drive, coupled with reliable infrastructure and diverse property options, makes it ideal for middle-class buyers and investors. Despite challenges like traffic and limited communal amenities, its competitive pricing, rental yields, and secure titles make it a strong contender in Lagos’ real estate market. For the latest pricing and to schedule inspections, contact trusted agents or visit Nigeria Property Centre.

For inquiries, reach out to Bluehedge Realtors at 08177766115, Property Hub Naija at 09059227043, Bera Deals at 07065266133, or email in**@***************rs.com.

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