South Pointe Estate, Lekki: (Full Review + Price List)

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

Overview

South Pointe Estate, located along Orchid Hotel Road in the Chevron area of Lekki, Lagos State, Nigeria, is a serviced residential estate developed by the Gran Imperio Group in 2014 as part of their Essential Homes Housing Scheme. Spanning 3 hectares and completed in 180 days, this upscale yet affordable estate targets middle-income earners while offering modern facilities and a serene environment. The estate comprises approximately 150 units of single to 4-bedroom bungalows and terraced duplexes, making it ideal for families and professionals. Situated near key landmarks like the Lekki Conservation Centre and Circle Mall, South Pointe is accessible via the diversion at Lekki Conservation Park, before the Chevron toll gate. The estate holds a Governor’s Consent as its title document, ensuring legal security, though due diligence is recommended due to past land disputes in Lekki.

Property Features

South Pointe Estate offers a range of residential properties with modern amenities designed for comfort and functionality. Below is a detailed breakdown of the estate’s offerings based on available information.

Residential Properties

  • Location: Orchid Hotel Road, Chevron, Lekki, Lagos
  • Property Types:
    • 2-bedroom terraced bungalows
    • 3-bedroom bungalows
    • 4-bedroom terraced and semi-detached bungalows
  • Key Features:
    • All rooms ensuite with modern sanitary wares
    • Fully fitted kitchens with gas cooker, extractor, and appliances
    • Air conditioners installed in all rooms and living areas (select units)
    • Stylish POP ceilings with upgraded finishes
    • Security doors and protectors
    • Spacious compounds with adequate parking (for residents and visitors)
    • 24-hour electricity via estate generators and PHCN supply
    • 24-hour clean treated water supply
    • Efficient underground drainage system to prevent flooding
    • Interlocked roads and walkways
    • 24/7 armed security with CCTV surveillance
    • Well-landscaped environment with flowers and green areas
  • Estate Amenities:
    • Swimming pool
    • Gym and children’s playground
    • Astro-turf football pitch
    • Tennis court
    • Bar/lounge within the estate
    • Supermarket
    • Centralized waste management system
    • Street lighting
  • Nearby Landmarks:
    • Lekki Conservation Centre: ~5 minutes drive
    • Circle Mall: ~15 minutes drive
    • Orchid Hotel: ~1–2 minutes drive
    • Chevron Headquarters: ~5 minutes drive
    • Victoria Island: ~25 minutes drive (off-peak)
  • Sources: Nigeria Property Centre, Neighbourhoodreview.com

Land for Development

  • Availability: No current listings for land sales were found in South Pointe Estate. Comparable estates in Lekki offer plots of 300–600 sqm.
  • Features (based on similar estates):
    • Dry and firm land, suitable for immediate construction
    • Fully fenced with Governor’s Consent or C of O
    • Access to estate infrastructure (roads, drainage, electricity)
  • Note: Contact agents for potential unlisted land availability.
  • Source: Nigeria Property Centre

Estate Infrastructure

  • Roads: Interlocked roads from Lekki-Epe Expressway to the estate; well-maintained internal roads
  • Power: Guaranteed 12 hours daily electricity (7 AM–7 PM) via estate generators, supplemented by reliable PHCN supply
  • Water: 24-hour clean treated water supply via central water treatment plant
  • Drainage: Efficient underground drainage system, ensuring a flood-free environment
  • Security: Gated estate with armed security, CCTV, and strict access control
  • Waste Management: Centralized waste management system
  • Recreation: Swimming pool, gym, football pitch, tennis court, children’s playground
  • Monthly Service Charge: ₦25,000 (covers waste management, security, water supply)
  • Sources: Neighbourhoodreview.com

Price List

Pricing for properties in South Pointe Estate varies based on type, furnishing, and condition. Below is a detailed price list based on available listings and comparable properties in Lekki. Prices are subject to change, and prospective buyers or renters should contact verified agents for current figures.

Houses for Sale

  • 2-Bedroom Terraced Bungalow:
    • Price: ₦38,000,000–₦70,000,000
    • Features: Fully furnished (select units), ensuite rooms, fitted kitchen, swimming pool, gym, football pitch, 24-hour power, Governor’s Consent
    • Examples:
      • ₦38,000,000: Distress sale, 2-bedroom corner piece terrace bungalow (Gillards Property, 08148228564)
      • ₦60,000,000: Unfurnished 2-bedroom terrace bungalow, C of O (Kcglobal Homes, 08025660928)
      • ₦65,000,000: Fully furnished 2-bedroom terrace bungalow (Omat’s Prime Limited, 08165712463)
      • ₦70,000,000: Fully furnished 2-bedroom terrace bungalow, professional fee 5% (Heritageglobalproperty, 08028111215)
  • 3-Bedroom Bungalow:
    • Price: ₦25,000,000–₦65,000,000
    • Features: Ensuite rooms, swimming pool, gym, bar, wardrobes, guest toilet, 12-hour power, classy kitchen cabinet, Governor’s Consent
    • Examples:
      • ₦25,000,000: 3-bedroom bungalow, basic finishes (PrivateProperty.ng)
      • ₦40,000,000: 3-bedroom bungalow, standard finishes (Aloda Limited, 08168064058)
      • ₦65,000,000: 3-bedroom bungalow (carcass) (Heights Of Splendour Ltd, +2348129971339)
  • 4-Bedroom Bungalow:
    • Price: ₦58,000,000
    • Features: Carcass, ensuite rooms, fitted kitchen, access to estate amenities, Global C of O
    • Example: 4-bedroom carcass bungalow (Kcglobal Homes, 08025660928)
  • Payment Plans:
    • Flexible plans: 3–12 months interest-free with initial deposit (e.g., ₦5,000,000–₦10,000,000)
    • Mortgage options: Up to 15–25 years at ~6%–16% interest via National Housing Fund (NHF) or banks
    • Source: Nigeria Property Centre
  • Average Price: ₦65,000,000 (ranges from ₦58,000,000 to ₦70,000,000)
    • Source: Nigeria Property Centre

Houses for Rent

  • 4-Bedroom Terrace Bungalow:
    • Rent: ₦3,500,000–₦7,000,000 per annum
    • Additional Fees:
      • Service Charge: ₦65,000–₦71,000 monthly
      • Caution Fee: 5%–10% (₦175,000–₦700,000)
      • Agency Fee: 10% (₦350,000–₦700,000)
      • Legal Fee: 10% (₦350,000–₦700,000)
    • Features: Ensuite rooms, air conditioners in all rooms and parlor, fitted kitchen, 24-hour security, access to estate amenities
    • Examples:
      • ₦3,500,000 per annum: 4-bedroom terrace with AC, monthly service charge ₦65,000 (Mapida Homes, 07068359300)
      • ₦3,500,000 per annum: 4-bedroom bungalow, monthly service charge ₦71,000 (Ahomes, 08087887878)
      • ₦7,000,000 per annum: Newly renovated 4-bedroom bungalow with AC (Big River Properties And Logistics, 07062746651)
  • Shared Apartment (Room):
    • Rent: ₦1,500,000–₦1,800,000 per annum
    • Additional Fees:
      • Legal Fee: ₦160,000
      • Caution Fee: ₦200,000
      • Service Charge: TBD
    • Features: Furnished (except bed), fully fitted kitchen, inverter, 24-hour power
    • Example: Shared apartment in South Pointe Estate (Kcglobal Homes, 08025660928)
  • Average Rent: ₦3,500,000 per annum for houses in Lekki
    • Source: Nigeria Property Centre

Short-Let Houses

  • 3-Bedroom Bungalow:
    • Rent: ₦100,000 per day
    • Additional Fees:
      • Caution Fee: ₦50,000
      • Agency Fee: Not specified
    • Features: Fully furnished, access to estate amenities
    • Example: Fully furnished 3-bedroom bungalow (Kcglobal Homes, 08025660928)

Investment Potential

South Pointe Estate offers significant investment opportunities due to its location and amenities:

  • High ROI: Properties in South Pointe have shown strong appreciation, with 4-bedroom bungalows purchased for ₦18,950,000 in 2014 resold for ₦26,000,000 in 2016 (45% appreciation in 2 years). Current market trends suggest 20%–30% annual returns through rental income or resale.
  • Strategic Location: Proximity to Chevron Headquarters, Lekki Conservation Centre, and Circle Mall ensures high demand from professionals and expatriates.
  • Infrastructure Growth: Developments like the Lekki Free Trade Zone, Lekki International Airport, and Fourth Mainland Bridge are expected to boost property values.
  • Lifestyle Appeal: Amenities like swimming pools, sports facilities, and a bar/lounge make it attractive for short-term rentals (e.g., Airbnb).
  • Flood Mitigation: The estate’s underground drainage system ensures a flood-free environment, a key advantage in Lekki.
  • Sources: Neighbourhoodreview.com

Due Diligence

Given past land disputes in Lekki, such as the 2023 demolition of Signature Villa Estate due to drainage encroachment, thorough due diligence is critical:

  • Title Verification: Confirm Governor’s Consent or C of O through the Lagos State Land Registry or Surveyor General’s Office. Listings with Global C of O (e.g., 4-bedroom carcass) require extra scrutiny.
  • Developer Background: Verify the reputation of Gran Imperio Group and agents like Kcglobal Homes or Omat’s Prime Limited through reviews or past projects.
  • Environmental Checks: Ensure properties are not on government-acquired land or near drainage channels to avoid demolition risks.
  • Surveyor Services: Engage a registered surveyor to chart coordinates and verify documents at the Surveyor General’s Office.
  • Warning: Listings like the ₦25,000,000 3-bedroom bungalow appear unusually low compared to the average ₦65,000,000. Verify authenticity to avoid scams.
  • Sources: Nigeria Property Centre, Neighbourhoodreview.com

How to Proceed

To purchase or rent in South Pointe Estate, follow these steps:

  1. Contact Agents:
    • Kcglobal Homes: 08025660928
    • Omat’s Prime Limited: 08165712463
    • Heights Of Splendour Ltd: +2348129971339
    • Aloda Limited: 08168064058
    • Gillards Property: 08148228564
    • Heritageglobalproperty: 08028111215
    • Mapida Homes: 07068359300
    • Big River Properties And Logistics: 07062746651
    • Sources: Nigeria Property Centre
  2. Verify Titles: Use a property lawyer or surveyor to confirm Governor’s Consent or C of O at the Lagos State Land Registry or Surveyor General’s Office.
  3. Schedule Inspections: Arrange physical or virtual tours with 24-hour notice. Avoid agents charging excessive viewing fees (recommended max: ₦5,000).
  4. Explore Payment Plans: Inquire about 3–12 month interest-free plans or mortgage options (6%–16% interest for 15–25 years via NHF or banks).

Conclusion

South Pointe Estate on Orchid Hotel Road, Lekki, offers an affordable yet upscale living experience with modern amenities and strong investment potential. Properties range from ₦38,000,000 for 2-bedroom terraced bungalows to ₦70,000,000 for furnished units, with rentals at ₦3,500,000–₦7,000,000 per annum and short lets at ₦100,000 per day. The estate’s 24-hour power, flood-free drainage, and proximity to Chevron and Lekki Conservation Centre make it ideal for residents and investors. However, due diligence is essential to verify titles and avoid risks, especially with suspiciously low-priced listings like the ₦25,000,000 bungalow. Contact verified agents for the latest pricing and inspections.

Disclaimer: Prices and availability are subject to change. Always verify details with the property management or authorized agents before making financial commitments.

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