Oniru Estate, Lekki: (Full Review + Price List)

Oniru Estate, Lekki: Full Details with Complete Breakdown and Price List

Overview

Oniru Estate, often referred to as the Victoria Island Extension, is a highbrow residential and commercial neighborhood in Lagos, Nigeria, developed under the oversight of the Oniru Royal Family and private developers like Deluxe Residences and Grenadines Homes. Located between Victoria Island and Lekki Phase 1, this modern estate spans from Sandfill bus stop to the Ikate area, bordering the Atlantic Ocean to the south. Known for its serene environment, stable power supply, and top-notch security, Oniru Estate is a hub for luxury real estate, attracting affluent individuals, expatriates, and corporate clients. This article provides a comprehensive breakdown of properties and land available, including pricing, amenities, and investment potential.

Location

  • Address: Oniru Estate, Oniru, Victoria Island (VI), Lagos, Nigeria.
  • Neighborhood Highlights:
    • Proximity: 10 minutes from Eko Hotel, 5–10 minutes from Lekki Phase 1, 10 minutes from Ikoyi, and 15–20 minutes from Victoria Island’s core via Lekki-Epe Expressway or Coastal Road. Close to The Palms Shopping Mall (5-minute drive) and Four Points by Sheraton.
    • Landmarks: Near Oniru Market, Landmark Boulevard, and The Art Hotel Oniru. Other attractions include Oniru Beach, Lagos Business School, and Lekki Conservation Centre (15 minutes).
    • Accessibility: Accessible via Lekki-Epe Expressway (right-hand side from Sandfill) or Oniru New Market Road. Internal roads are paved, but some access roads (e.g., near Oniru Market) require repairs due to flooding during rainy seasons. Ongoing road construction may cause minor delays.
    • Surroundings: Adjacent to upscale areas like Lekki Phase 1, Ikate, and Old Ikoyi, with proximity to commercial hubs, hospitals, and leisure spots like Oniru Beach and Palms Mall.

Property and Land Types

Oniru Estate offers a diverse range of residential and commercial properties, including off-plan and completed units, as well as limited land parcels:

  • Residential Properties:
    • 2-Bedroom Flat/Apartment: Ensuite rooms, ideal for singles or small families, often with swimming pools and gyms.
    • 3-Bedroom Flat/Apartment: Includes boys’ quarters (BQ) in premium listings, suitable for families or short-lets.
    • 4-Bedroom Terrace/Semi-Detached Duplex: Features 1–2 room BQ, fitted kitchens, and private lounges.
    • 5-Bedroom Detached Duplex: Luxury units with swimming pools, cinemas, rooftop terraces, and smart home automation.
    • 7-Bedroom Detached House: Spacious homes with 2-room BQ, ideal for large families or corporate use.
  • Commercial Properties:
    • Office Spaces: Serviced units (200–561 sqm) with centralized AC, elevators, and ample parking.
  • Land:
    • Sizes: 7000 sqm (commercial barewaterfront land), smaller residential plots (500–1,000 sqm, indicative).
    • Purpose: Residential for custom homes or commercial for offices/retail.

Amenities

Oniru Estate is designed for luxury living with robust infrastructure and modern facilities:

  • Security:
    • 24/7 gated access with CCTV surveillance, armed police, and corporate security personnel.
    • Access-controlled gates, though some residents note restricted entry after 8 PM, requiring use of main gates.
  • Infrastructure:
    • Paved, interlocked roads with sidewalks, though some external roads need drainage upgrades.
    • Well-planned layouts with minimal flooding, drying within hours during rains.
  • Utilities:
    • 24-hour power supply via EKDC and estate generators (pay-as-you-go for electricity, ₦34–₦50 per KWH).
    • Clean water from industrial boreholes and water treatment plants.
    • Central sewage and waste management, though waste disposal near Oniru Market needs improvement.
  • Community Features:
    • Recreational facilities including swimming pools, gyms, children’s playgrounds, and sports arenas.
    • Proximity to Oniru Beach, The Palms Mall, and Oniru Market for shopping and leisure.
    • Planned amenities like a new mall with escalators and elevators (under construction).
  • Property Features:
    • Fully fitted kitchens with appliances (microwaves, ovens, refrigerators).
    • Ensuite rooms with walk-in closets, Jacuzzis, and luxury sanitary wares.
    • Smart home automation, inbuilt speakers, CCTV, and elevators in premium units.
    • Ample parking (3–5 cars), balconies, rooftop terraces, and stamped concrete floors.
  • Management:
    • Managed by private developers and estate associations, ensuring maintenance.
    • Annual service charge: ₦865,000–₦3,750,000, covering security, power, and amenities (excluding electricity in some cases).

Price List

Pricing for properties and land in Oniru Estate varies based on type, size, and features. Below is a detailed price list based on available listings as of June 2025 (subject to verification with agents):

  • Properties for Sale:
    • 3-Bedroom Ground Floor Apartment:
      • Price: ₦330,000,000 (Ocean Crest Haven, fully serviced, Ticino Group, 08138504813).
      • Features: Ensuite rooms, fitted kitchen, 24-hour power, swimming pool, gym.
      • Title: Governor’s Consent.
    • 4-Bedroom Terrace Duplex:
      • Price: ₦520,000,000–₦550,000,000.
      • Details:
        • ₦520,000,000 (new, BQ, pool, C of O, Adidax Properties, 09027377243).
        • ₦550,000,000 (ensuite rooms, gym, pool, Arab Space Realty, 7066927609).
      • Features: Fitted kitchen, balconies, CCTV, 3 parking spaces, water treatment.
      • Title: C of O, Governor’s Consent.
    • 5-Bedroom Detached Duplex:
      • Price: ₦460,000,000–₦950,000,000.
      • Details:
        • ₦460,000,000 (pool, BQ, Tos Property Services, 08038592381).
        • ₦900,000,000 (pool, gym, cinema, rooftop, Apple Properties, 08025286152).
        • ₦950,000,000 (rooftop lounge, high ceiling, Praise Real Estate, 08081182285).
      • Features: Ensuite rooms, smart automation, 5-car parking, CCTV, elevator.
      • Title: C of O, Governor’s Consent.
    • Average House Price: ₦450,000,000 (range: ₦25,000,000–₦3,500,000,000, Nigeria Property Centre).
  • Properties for Rent:
    • 2-Bedroom Flat (No BQ):
      • Rent: ₦10,000,000 per annum.
      • Details:
        • ₦10,000,000 (serviced, Godson Ilodianya Close, Elizadebiyil.t.d, 08168653778).
        • ₦10,000,000 (furnished, Wealth-crown Properties, 09034334658).
      • Total Package: ₦13,500,000–₦15,000,000 (rent: ₦10,000,000, service: ₦1,500,000–₦1,600,000, agency: 10%, legal: 10%, caution: 10%–₦5,000,000).
      • Features: Fitted kitchen, swimming pool, gym, 24-hour power.
    • 3-Bedroom Flat (With/Without BQ):
      • Rent: ₦15,000,000–₦18,000,000 per annum.
      • Details:
        • ₦15,000,000 (no BQ, pool, gym, Newyork Homes, 08032709251).
        • ₦18,000,000 (furnished, BQ, elevator, Olajide Properties, 08022263801).
      • Total Package: ₦18,100,000–₦22,250,000 (service: ₦1,600,000, agency: 10%, legal: 10%, caution: ₦1,000,000).
      • Features: Ensuite rooms, 5G internet, DSTV, swimming pool.
    • 4-Bedroom Terrace House:
      • Rent: ₦12,000,000–₦15,000,000 per annum.
      • Details:
        • ₦12,000,000 (BQ, Kadassah And Company, 08168898847).
        • ₦15,000,000 (no BQ, Newyork Homes, 08032709251).
      • Total Package: ₦16,250,000–₦20,750,000 (service: ₦3,500,000–₦3,750,000, agency: 10%, legal: 10%, caution: ₦2,500,000).
      • Features: Ensuite rooms, fitted kitchen, playground, 24-hour security.
    • 3-Bedroom Apartment (Short-Let):
      • Rent: ₦200,000 per day (Reforma Integrated Services, 07043406562).
      • Features: 24/7 power, WiFi, Netflix, PS4, swimming pool.
    • Average House Rent: ₦4,500,000 per annum (PropertyPro.ng, May 2025).
  • Commercial Properties for Rent:
    • Office Spaces (200–561 sqm):
      • Rent: ₦130,000 per sqm per annum (Tedd Properties, 07026090684).
      • Service Charge: ₦100,000 per sqm (includes power).
      • Total Package: Varies by size (e.g., 200 sqm: ₦36,000,000 p.a., including service, agency, legal, caution at 10%).
      • Features: Centralized AC, elevator, interlocked floor, 24-hour power.
  • Land for Sale:
    • 7000 sqm (Waterfront):
    • 500–1,000 sqm (Indicative):
      • Price: ₦200,000,000–₦400,000,000 (estimated, based on nearby Lekki Phase 1).
      • Title: C of O, Governor’s Consent.
  • Additional Costs:
    • Agency Fees: 5–10% for sales, 10% for rentals.
    • Legal Fees: 5–10% for sales, 10% for rentals.
    • Service Charge: ₦865,000–₦3,750,000 p.a., varies by property.
    • Caution Deposit: ₦50,000–₦5,000,000 for rentals.

Note: Prices are subject to change. Contact agents like Ticino Group (08138504813), Adidax Properties (09027377243), or Newyork Homes (08032709251) for updates.

Investment Potential

  • Rental Income:
    • 3-bedroom flats yield ₦15,000,000–₦18,000,000 annually, offering 5–6% returns on a ₦330,000,000 investment.
    • 4-bedroom terraces fetch ₦12,000,000–₦15,000,000 p.a., with short-lets at ₦200,000/day for high occupancy near Oniru Beach.
    • Office spaces (200 sqm at ₦130,000/sqm) generate ₦26,000,000 p.a., appealing to corporate tenants.
  • Capital Appreciation:
    • Properties appreciate by 20–30% annually due to Oniru’s proximity to Victoria Island, Lekki Phase 1, and ongoing developments like Paramount Twin Towers and Eko Atlantic.
    • Example: A ₦520,000,000 terrace could resell for ₦650,000,000–₦700,000,000 in 2–3 years.
  • Resale Value:
    • Premium 5-bedroom duplexes (₦900,000,000–₦950,000,000) with features like elevators and rooftop terraces attract high-net-worth buyers, ensuring strong resale potential.

Comparison with Nearby Estates

  • Lekki Phase 1:
    • 4-Bedroom Terrace: ₦520,000,000–₦550,000,000; Rent: ₦15,000,000 p.a.
    • Features: Similar luxury, but more commercial activity and traffic.
  • Northern Foreshore Estate (Chevron):
    • 5-Bedroom Duplex: ₦150,000,000–₦700,000,000; Rent: ₦13,000,000 p.a.
    • Features: 24-hour power, but no beachfront access.
  • Pinnock Beach Estate (Osapa):
    • 500 sqm Land: ₦350,000,000–₦550,000,000; 5-Bedroom Duplex: ₦1,500,000,000.
    • Features: Beachfront, but farther from Victoria Island.

How to Purchase or Rent

  1. Contact Agents:
    • Reach out to verified agents like:
      • Ticino Group: 08138504813 (apartments, duplexes).
      • Adidax Properties: 09027377243 (terraces).
      • Newyork Homes: 08032709251 (rentals).
      • Tos Property Services: 08038592381 (duplexes).
    • Check listings on Nigeria Property Centre (nigeriapropertycentre.com) or PropertyPro.ng.
  2. Site Inspection:
    • Schedule visits (Monday–Saturday, 8:00 AM–8:00 PM, 2-hour notice) via Oniru New Market Road or Lekki-Epe Expressway.
  3. Due Diligence:
    • Verify titles (C of O, Governor’s Consent, Deed of Assignment) through land registry search.
    • Engage a lawyer to review documents and confirm no encumbrances.
  4. Payment Options:
    • Sales: Outright payment preferred; off-plan units (e.g., Paramount Twin Towers) offer 12–24 month plans.
    • Rentals: Annual payment; 2-year leases may offer discounts.
  5. Documentation:
    • Obtain C of O, Governor’s Consent, or Deed of Assignment.
    • Pay agency (5–10%), legal (5–10%), and service charges (₦865,000–₦3,750,000 p.a.).

Clarification

  • Oniru Estate: An extension of Victoria Island, not Lekki Phase 1, though often associated with Lekki due to proximity. It includes sub-areas like Oniru Private Estate and Ocean Crest Haven.
  • Development Status: A mix of completed (467 units) and pipeline projects (818 units), with ongoing developments like Paramount Twin Towers and The View.
  • Flooding Concerns: Minimal within the estate, but external access roads near Oniru Market may flood during heavy rains, drying quickly.

Conclusion

Oniru Estate, Victoria Island Extension, Lagos, offers a luxurious lifestyle with 2–5 bedroom properties (₦330,000,000–₦950,000,000), rentals (₦10,000,000–₦18,000,000 p.a.), and prime land (up to ₦10,000,000,000). With 24-hour power, security, and amenities like pools and gyms, it rivals Lekki Phase 1 and Pinnock Beach. Its central location, 20–30% annual appreciation, and high rental yields make it ideal for investors and affluent residents. Contact agents like Ticino Group (08138504813) or Adidax Properties (09027377243) and conduct due diligence to secure your investment.

Disclaimer: Prices and availability are subject to change. Verify all details with licensed real estate agents before proceeding.

bornbyai

Protected by CleanTalk Anti-Spam