Platinum Estate, Ibeju-Lekki: Full Details with Complete Breakdown and Price List
Introduction
Platinum Estate, developed by A2W Estates Ltd., is a residential real estate project located in Orofun, along the Eleko-Akodo highway in Ibeju-Lekki, Lagos. This estate aims to provide affordable land for residential development in one of Lagos’ fastest-growing regions, known for its proximity to major economic and infrastructural projects. With a focus on accessibility and future growth, Platinum Estate is an attractive option for investors and those looking to build their dream homes.
Location
Platinum Estate is situated in Orofun, Ibeju-Lekki, along the Eleko-Akodo highway, a strategic location within Lagos’ emerging economic corridor. Ibeju-Lekki is renowned for its proximity to transformative projects that are driving real estate demand in the area.
Neighborhood Highlights
The estate benefits from its proximity to key landmarks and developments, including:
- Proposed Lekki International Airport: Enhancing connectivity and property value.
- Lekki Deep Sea Port: A major maritime hub boosting trade and economic activity.
- Lekki Free Trade Zone: A center for industrial and commercial investments.
- Dangote Refinery and Fertilizer Plant: Africa’s largest refinery, creating jobs and economic growth.
- La Campagne Tropicana Beach Resort: A popular recreational destination.
- Lekki Beach Golf Resorts: Adding to the area’s appeal for luxury and leisure.
These developments position Platinum Estate as a prime investment opportunity in a region poised for significant growth.
Features and Amenities
Platinum Estate is designed to provide basic infrastructure to support residential development. The developer, A2W Estates Ltd., commits to delivering the following amenities:
- Perimeter Fencing: For security and boundary definition.
- Earth Roads: Basic road network for accessibility within the estate.
- Transformer and National Grid Connection: To ensure electricity supply.
- Drainage System: To mitigate flooding, a common concern in Ibeju-Lekki.
- Electric Poles and Strings: For power distribution within the estate.
These features aim to create a functional and secure environment for residents and investors, with plans for further development as the estate grows.
Property Details
Platinum Estate offers residential plots for sale, with the following specifications:
- Plot Size: Approximately 500–648 square meters (residential plots).
- Title: Global Survey and Deed of Assignment, ensuring legal ownership.
- Price: ₦4,500,000 per plot (outright payment, as of available data).
Pricing Breakdown
The following table outlines the pricing structure and associated costs for plots in Platinum Estate:
| Item | Details |
|---|---|
| Plot Size | 500–648 sqm (varies based on allocation) |
| Price per Plot | ₦4,500,000 (outright payment; subject to review) |
| Development Levy | ₦1,500 per sqm (e.g., ₦900,000 for a 600 sqm plot) |
| Allocation Fee | ₦50,500 per plot (subject to review) |
| Survey Fee | To be confirmed with developer (varies based on plot size) |
| Documentation | Included in initial payment (Contract of Sale, Receipt, Letter of Allocation) |
| Title | Global Survey and Deed of Assignment |
| Payment Plan | Installment options available (details to be confirmed with developer) |
Note: If the allocated plot size differs from the stipulated size (e.g., less or more than 600 sqm), A2W Estates Ltd. adjusts the client’s account based on the purchase rate. Commercial plots are not currently available for sale. All fees and levies are subject to periodic review by the developer.
Additional Notes
- Development Levy: Payable after land payment completion, calculated per square meter to fund infrastructure (e.g., roads, drainage, electricity).
- Allocation Process: Paper allocation occurs after payment for land, documentation, survey, and development levy deposit. Physical allocation follows account reconciliation.
- Restrictions: Only residential buildings are permitted. Tenement-style houses (“Face-Me-I-Face-You”) and shops within residential plots are prohibited.
Investment Benefits
Platinum Estate offers several advantages for investors, particularly due to its location in Ibeju-Lekki:
- Affordable Entry Point:
- At ₦4,500,000 per plot, the estate is significantly more affordable than properties in central Lekki (e.g., Lekki Phase 1, where prices range from ₦160M–₦1.2B).
- Suitable for budget-conscious investors seeking long-term gains.
- High Appreciation Potential:
- Ibeju-Lekki’s proximity to projects like the Lekki Deep Sea Port and Dangote Refinery drives property value growth.
- Early investors in similar estates have seen substantial returns as the area develops.
- Strategic Location:
- Close to economic hubs and recreational facilities, making it attractive for future residents and tenants.
- Flexible Payment Plans:
- Installment options make it accessible to a broader range of buyers (specific terms to be confirmed with A2W Estates Ltd.).
- Secure Investment:
- The estate is free from government acquisition and adverse claimants, with clear documentation provided.
Comparison with Nearby Estates
To provide context, Platinum Estate is compared to other estates in Ibeju-Lekki, such as The Parliament Estate:
| Estate | Location | Plot Size | Price (Outright) | Title |
|---|---|---|---|---|
| Platinum Estate | Orofun, Ibeju-Lekki | 500–648 sqm | ₦4,500,000 | Global Survey, Deed of Assignment |
| The Parliament Estate | Bolorunpelu, Ibeju-Lekki | 300–600 sqm | ₦19.8M–₦37.5M | Not specified |
The Parliament Estate, located closer to the Lekki-Epe Expressway, offers more premium amenities (e.g., helipad, gym) but at a significantly higher price point. Platinum Estate provides a more budget-friendly option for investors prioritizing affordability over luxury amenities.
How to Purchase
To acquire a plot in Platinum Estate, follow these steps:
- Contact A2W Estates Ltd.:
- Reach out to the developer for inquiries and site inspections. Contact details: in**@********es.com or call +234 706 126 9008.
- Schedule a Site Inspection:
- Visit the estate to verify the land and proposed infrastructure.
- Verify Documentation:
- Confirm the Global Survey and Deed of Assignment to ensure legal ownership.
- Make Payment:
- Pay ₦4,500,000 outright or opt for an installment plan. Additional fees (development levy, survey, allocation) apply post-land payment.
- Complete Documentation:
- Receive a Contract of Sale, Receipt, Letter of Allocation, and Global Survey upon payment completion.
- Allocation:
- Paper allocation follows payment of land, documentation, survey, and development levy. Physical allocation occurs after account reconciliation.
Caution: Verify all transactions with A2W Estates Ltd. and check with the Lagos State Land Registry to confirm the property’s status. Avoid dealings with unofficial agents to prevent fraud.
Challenges and Considerations
Prospective buyers should be aware of the following:
- Underdeveloped Infrastructure:
- As a developing estate, some amenities (e.g., roads, electricity) may be basic or under construction, requiring patience from investors.
- Fee Reviews:
- Development levy, survey, and allocation fees are subject to periodic review, potentially increasing costs.
- Flood Risk:
- Ibeju-Lekki’s waterlogged terrain requires robust drainage systems, which the developer promises but should be verified during inspections.
- Payment Default Risks:
- Failure to complete payments may result in plot revocation, with refunds subject to resale and a 30% administrative charge.
- Market Risks:
- While Ibeju-Lekki is a high-growth area, real estate investments carry market risks that should be evaluated.
Conclusion
Platinum Estate in Orofun, Ibeju-Lekki, offers an affordable opportunity to invest in Lagos’ rapidly developing real estate market. With residential plots priced at ₦4,500,000 and a strategic location near major projects like the Lekki Deep Sea Port and Dangote Refinery, the estate is well-positioned for significant appreciation. Its basic infrastructure, clear title, and flexible payment options make it accessible to a wide range of buyers.
For the latest pricing, payment plans, and availability, contact A2W Estates Ltd. directly and conduct due diligence to ensure a secure investment. Platinum Estate is a compelling choice for those looking to capitalize on Ibeju-Lekki’s growth while building their future in a promising community.
Contact Information
- Developer: A2W Estates Ltd.
- Phone: +234 706 126 9008
- Email: in**@********es.com
- [su_button target="blank" style="soft" background="#e70003" size="9" radius="5" icon="icon: link" desc="𝚌𝚕𝚒𝚌𝚔 𝚑𝚎𝚛𝚎"]VISIT WEBSITE[/su_button] www.a2westates.com
- Source: A2W Estates Ltd. (accessed June 2025)
Disclaimer: Prices, fees, and availability are subject to change. Buyers should verify all details with the developer and conduct independent checks to avoid risks.