Lekki Gardens Estate, Lekki (Breakdown + Price List)

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

Overview

Lekki Gardens Estate is a prominent residential development located in Ajah, Lekki, Lagos, Nigeria, along the Lekki-Epe Expressway. Developed by Lekki Gardens Estate Limited, a leading property investment firm, the estate spans multiple phases (Phase 1 to 5) across approximately 10 hectares. Known for offering affordable luxury homes, it caters to middle- and high-income earners, including civil servants, oil workers, entrepreneurs, and professionals. The estate features modern infrastructure, a serene environment, and gated security, making it a popular choice for residents and investors seeking high returns in Lagos’ thriving real estate market.

Location and Accessibility

  • Location: Situated in Ajah, Lekki, after Abraham Adesanya Roundabout and near Lagos Business School. Neighboring estates include Crown Estate, Sapphire Gardens, and Fountain Springville, with Victoria Garden City (VGC) a 10-minute drive away.
  • Accessibility:
    • Approximately 1 hour to Lekki Phase 1 and 1–2 hours to Victoria Island during rush hour (6:30 AM–8:30 AM), with off-peak travel taking 45–60 minutes.
    • The Lekki-Epe Expressway is a well-tarred primary route, but traffic congestion is common during peak hours. Estate roads are interlocked or tarred with effective drainage systems.
    • Entry is restricted to residents, with non-residents requiring host confirmation at the gate.
  • Strategic Advantage: Proximity to the Lekki Free Trade Zone, Lekki Deep Sea Port, proposed Lekki Airport, and the Fourth Mainland Bridge drives high property appreciation. The estate’s location near commercial hubs like Novare Mall Shoprite enhances its appeal.

Infrastructure and Amenities

  • Gated Community: Secured with 24/7 security personnel, CCTV surveillance, and strict visitor protocols requiring host clearance. The estate is noted for safety, with no reported crime incidents.
  • Road Network: Well-maintained, interlocked, or tarred roads with deep drainage channels, ensuring a flood-free environment despite Sangotedo’s waterlogged terrain.
  • Utilities:
    • Electricity: Central power generation provides electricity from 4 PM to 9 AM on weekdays and ~20 hours on weekends, billed at ₦50 per kilowatt via prepaid meters. EKDC connection is available, reducing reliance on generators.
    • Water Supply: Centralized water treatment plant supplies clean, treated water to all units.
    • Waste Management: Managed by the estate authority, with regular collection, street cleaning, and fumigation included in service charges.
  • Recreational Facilities: Limited to green areas; no extensive amenities like swimming pools or sports courts are noted, unlike some neighboring estates.
  • Commercial Facilities: A shopping complex near Abraham Adesanya Roundabout, developed by HFP, provides access to retail and services.
  • Service Charges (estimated, based on similar estates in Ajah):
    • Annual service charge: ₦180,000–₦400,000.
    • Agency/legal fees: 10% each of annual rent.
    • Caution fee: ₦500,000 (refundable).
  • Nearby Amenities: Novare Mall Shoprite, Lagos Business School, Greensprings School, Readington Schools, Einsteins Preparatory School, and Elegushi Beach (20–30 minutes’ drive).

Property Types and Features

  • Property Types: Primarily 3- and 4-bedroom terrace duplexes, semi-detached and detached duplexes, and residential plots. Some phases include bungalows and apartments.
  • Features:
    • 3-Bedroom Terrace Duplex:
      • All en-suite bedrooms, fitted kitchen with appliances (hob, oven, extractor), guest toilet, and parking for 2–3 cars.
      • Features like POP ceilings, sanitary wares, and tiled floors in newer units.
    • 4-Bedroom Terrace/Semi-Detached Duplex with BQ:
      • En-suite bedrooms, spacious living/dining areas, family lounge, and 1–3-room boys’ quarters (BQ).
      • Fully fitted kitchens, balconies, and parking for 4–6 cars. Some units include CCTV and inbuilt speakers.
    • 5-Bedroom Detached Duplex:
      • Luxury finishes, large compounds, and additional amenities like jacuzzis in master suites.
    • Residential Plots:
      • Sizes: 600 sqm and up.
      • Suitable for custom builds, with titles like Certificate of Occupancy (C of O).
  • Title: Certificate of Occupancy (C of O), Governor’s Consent, or Deed of Assignment, ensuring secure ownership.

Note: Past concerns about structural quality (e.g., a 2016 building collapse) have been raised, but recent developments emphasize improved construction standards. Buyers should verify structural integrity.

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 by phase, property condition, and market trends.

For Sale

  • Houses:
    • 3-Bedroom Terrace Duplex:
      • ₦40,000,000–₦70,000,000 (e.g., Phase 4, ₦70M fully fitted; Phase 2, ₦58M semi-finished).
      • Carcass: ₦38,000,000 (requires ~₦10M–₦15M to finish).
    • 4-Bedroom Terrace Duplex:
      • ₦47,000,000–₦120,000,000 (e.g., Phase 2, ₦47M carcass; ₦120M furnished).
    • 4-Bedroom Semi-Detached Duplex with BQ:
      • ₦78,000,000–₦90,000,000 (e.g., Phase 2, ₦78M brand new).
    • 5-Bedroom Detached Duplex with BQ:
      • ₦100,000,000–₦380,000,000 (e.g., ₦100M in Phase 2).
    • Average House Price: ₦62,500,000 (range: ₦28,000,000–₦380,000,000).
  • Residential Plots:
    • 600 sqm: ₦15,000,000–₦30,000,000 (C of O, varies by phase).
    • Payment Plans:
      • Outright: 5%–10% discount within 30–60 days.
      • 6–12 months: 20%–30% initial deposit, balance spread interest-free.
  • Additional Fees: 5% agency fee on sales; finishing costs for carcass properties (~₦2M–₦15M).

For Rent

  • Houses:
    • 3-Bedroom Terrace Duplex: ₦2,000,000–₦3,500,000 per annum.
    • 4-Bedroom Terrace/Semi-Detached Duplex: ₦3,500,000–₦5,000,000 per annum.
    • Total Package Example (4-Bedroom): Rent (₦4,000,000) + Service Charge (₦400,000) + Agency (₦400,000) + Legal (₦400,000) + Caution (₦500,000) = ₦5,700,000 first-year total.
    • Average Rental Price: ₦2,700,000 (range: ₦300,000–₦50,000,000).
  • Apartments/Flats: Limited availability; contact agents for details.

Investment Potential

  • Advantages:
    • High property appreciation (20%–30% annual ROI), with examples like a ₦59.99M Osborne unit sold for ₦118M in under 2 years, yielding ₦116.03M profit.
    • Strong rental demand from professionals and expatriates ensures high yields.
    • Affordable pricing compared to Lekki Phase 1 (e.g., ₦47M vs. ₦230M for terraces) attracts middle-income investors.
    • Secure titles (C of O) and proximity to developments like the Lekki Free Trade Zone drive value growth.
  • Challenges:
    • Rush-hour traffic (1–2 hours to Victoria Island) may deter some residents.
    • Past structural concerns require due diligence on newer properties.
    • Limited recreational facilities compared to estates like Fara Park.
  • Outlook: Lekki Gardens’ affordability, modern infrastructure, and strategic location promise strong returns, making it a top choice in Ajah’s real estate market.

Nearby Estates and Developments

  • Crown Estate, Abraham Adesanya Estate, Sapphire Gardens, Royal Gardens, and Fountain Springville.
  • Proximity to Novare Mall Shoprite, Lagos Business School, and Abraham Adesanya Roundabout.

Contact Information

For inquiries or property viewings:

  • Lekki Gardens Estate, Ajah:
    • Lekki Gardens Limited: in**@**********ns.com, 07001239008.
    • Heric Oni Resources Ltd: 08023641257 (e.g., ₦47M terrace).
    • Breathing Space: 07057302511 (e.g., ₦70M 3-bedroom).
    • Neighbourhood Review: +234-8132257106, in**@*****************ew.com.
  • Note: Verify agent credentials and inspect properties physically before payments to avoid scams.

Conclusion

Lekki Gardens Estate in Ajah, Lekki, offers affordable luxury living with modern infrastructure, 24-hour security, and reliable utilities. Its strategic location near Abraham Adesanya Roundabout and major developments like the Lekki Free Trade Zone ensures high investment potential, with 20%–30% annual ROI. Despite past structural concerns, newer phases emphasize quality, making it ideal for middle-income buyers and investors. 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.

bornbyai

Protected by CleanTalk Anti-Spam