Southern View Estate, Lekki: Full Details and Breakdown

Southern View Estate, Lekki: Full Details and Breakdown

Overview

Southern View Estate, located in the Chevron axis near Orchid Road, Lekki Phase 2, Lagos, Nigeria, is a modern, secure, and fully serviced residential estate. Positioned opposite Chevron Oil Company, it is part of Lekki’s growing real estate hub, offering a mix of affordable and luxury housing options, including duplexes, apartments, flats, and land. The estate is designed for families, professionals, and investors seeking a serene environment with proximity to Lekki’s commercial and recreational centers. Known for its well-planned infrastructure and communal self-help efforts, such as canal and road construction, Southern View Estate stands out as a middle-to-high-end residential community in Lagos.

Location and Accessibility

  • Address: Southern View Estate, Off Orchid Road, Chevron Toll Gate, Lekki Phase 2, Lagos, Nigeria.
  • Strategic Location: Situated along the Lekki-Epe Expressway near the second toll gate, the estate is approximately 15–20 minutes from Victoria Island and Ikoyi, with easy access to business districts and recreational hubs. It is close to landmarks like Circle Mall, Lekki Conservation Centre (3.3 miles), Elegushi Private Beach, and Chevron headquarters.
  • Accessibility: The estate is accessible via Orchid Road and Conservation Road, with proximity to Eleganza Bus Stop and Olugborogan. However, external roads, such as those connecting to the Lekki-Epe Expressway, are prone to flooding and require maintenance, though the estate’s internal roads are well-interlocked with effective drainage.
  • Nearby Amenities:
    • Shopping: Circle Mall, Oba Elegushi International Market, and The Palms Shopping Mall.
    • Schools: Whitesands School, Meadow Hall School, and Chrisland Schools.
    • Hospitals: Britannia Hospital and Niyot Medical Center.
    • Recreation: Elegushi Private Beach, Landmark Beach, and Lekki Conservation Centre.

Developer Information

  • Developer: Southern View Estate was developed through a collaboration between private developers and the Lagos State Government, with ongoing communal efforts by residents to enhance infrastructure. Specific developer details are limited, as the estate has evolved through secondary market transactions and resident-led initiatives.
  • Resident Contributions: Residents have funded significant infrastructure projects, including a multi-million-naira canal to combat flooding and interlocked roads, as the estate was once swampy and flood-prone.
  • Contact: No direct developer contact is publicly available. Prospective buyers or renters should contact verified real estate agents via platforms like Nigeria Property Centre, PropertyPro Nigeria, or Private Property Nigeria.

Property Types and Features

Southern View Estate offers a diverse range of properties, including duplexes, bungalows, apartments, flats, and land, catering to both budget-conscious and luxury buyers. Below is a detailed breakdown:

1. Detached and Semi-Detached Duplexes

  • Description: Modern 4- and 5-bedroom detached and semi-detached duplexes, often with a boys’ quarters (BQ), designed for families and investors. These are located in mini-estates within Southern View, offering contemporary designs and luxury finishes.
  • Features:
    • All rooms en-suite with fitted wardrobes and high ceilings.
    • Fully fitted kitchens with appliances (microwave, oven, gas cooker, smoke extractor).
    • Smart home features: CCTV, inbuilt Bluetooth speakers, and chandeliers.
    • Ample parking space, private balconies, and walk-in closets.
    • 24/7 security, water treatment plant, and central water supply.
    • Some units include personal cinemas, jacuzzis, and in-house inverters for uninterrupted power.
  • Price for Sale:
    • 4-bedroom semi-detached duplex: ₦42,000,000–₦95,000,000 (e.g., ₦42M with Registered Deed of Assignment, ₦95M fully furnished).
    • 5-bedroom detached duplex: ₦145,000,000 (e.g., off Conservation Road).
    • Average price: ₦130,012,185–₦249,750,000.
    • Most expensive: ₦1,000,000,000 (luxury units).
    • Cheapest: ₦20,000 (likely smaller units or land).
  • Price for Rent:
    • 4-bedroom semi-detached duplex with BQ: ₦3,500,000–₦6,000,000/year (self-serviced, service charge: ₦300,000–₦500,000, agency/legal: 10% each).
    • 5-bedroom detached duplex: ₦5,000,000–₦8,500,000/year (caution: ₦400,000–₦1,000,000).
    • Short-let: ₦90,000/day for a 4-bedroom detached duplex.
  • Title: Governor’s Consent, Registered Deed of Assignment, or Certificate of Occupancy (C of O).
  • Example: A 4-bedroom semi-detached duplex (₦60M) in Southern View Estate features a fitted kitchen, CCTV, jacuzzi, and 24/7 security.

2. Terrace Bungalows and Townhouses

  • Description: 3-bedroom terrace bungalows and townhouses, ideal for first-time buyers or investors, located near Orchid Road opposite Chevron.
  • Features:
    • All rooms en-suite with fitted kitchen cabinets and wardrobes.
    • Secured estate with football pitch, swimming pool, and recreational facilities.
    • Modern finishes, POP ceilings, and ample parking.
  • Price for Sale: ₦35,000,000 (distress sale, 3-bedroom terrace bungalow).
  • Price for Rent: Not widely listed, but comparable properties rent for ₦2,500,000–₦3,500,000/year.
  • Title: Governor’s Consent or C of O.
  • Example: A 3-bedroom terrace bungalow in a fully serviced estate with a football pitch, selling for ₦35M.

3. Apartments and Flats

  • Description: 1-, 2-, and 3-bedroom flats and studio apartments, ranging from budget-friendly self-contained units to luxury serviced flats, often in blocks of 6–12 units.
  • Features:
    • Fitted kitchens with cabinets, wardrobes, and appliances (microwave, fridge, washing machine).
    • Modern amenities: Wi-Fi, DSTV, smoke detectors, water heaters, and CCTV.
    • Serene, child-friendly environment with 24/7 security and water treatment plant.
    • Some units include jacuzzis in master bedrooms and shared facilities like pools and gyms.
  • Price for Sale:
    • 3-bedroom flat with BQ: ₦40,000,000–₦60,000,000 (e.g., Majiyagbe Street, Olugborogan).
    • 2 units of 4-bedroom flats: ₦50,000,000 for both.
  • Price for Rent:
    • Studio apartment/self-contained: ₦600,000–₦1,300,000/year (service charge: ₦20,000–₦300,000, agency/legal/caution: 10% each).
    • 2-bedroom penthouse: ₦3,000,000/year.
    • 3-bedroom flat: ₦2,000,000–₦2,200,000/year.
    • Shared apartment (master’s bedroom): ₦2,200, Counselors, investors, and real estate professionals seeking opportunities in Lagos’ dynamic property market.000/year.
  • Title: Governor’s Consent or C of O.
  • Example: A studio apartment at Southern View Estate rents for ₦1,200,000/year with a ₦150,000 service charge, featuring a fitted kitchen and 24/7 security.

4. Land

  • Description: Residential plots available for custom development, though less common in Southern View Estate compared to nearby areas like Lakowe.
  • Price: Not widely listed in Southern View, but comparable plots in Lekki Phase 2 start at ₦18,000,000 (e.g., Southern Estate, Lakowe, with C of O).
  • Title: Certificate of Occupancy (C of O).

Estate Amenities and Infrastructure

Southern View Estate is a fully serviced, gated community with modern infrastructure, enhanced by resident-led initiatives to address flooding and accessibility:

  • Security: 24/7 security with CCTV, gated access, and private guards, ensuring a safe environment.
  • Roads and Drainage: Residents have constructed multi-million-naira canals and interlocked roads to combat flooding, transforming the once-swampy estate. Hammed Kasumu road project cost ₦5,940,000 as of 2018.
  • Power: No central estate generator; residents rely on EKEDC and personal inverters/generators. A 300 KVA and 200 KVA transformer purchased by residents awaits installation due to high EKEDC fees.
  • Water: Central water supply with treatment plants in newer developments.
  • Recreational Facilities: Football pitch, swimming pools, and shared facilities in mini-estates.
  • Environment: Serene, child-friendly, with well-maintained roads and greenery.
  • Commercial Spaces: Nearby Circle Mall, supermarkets, and Eleganza Bus Stop for convenience.

Pricing and Investment Details

  • Average Property Prices:
    • Houses for sale: ₦130,012,185–₦249,750,000.
    • Flats for rent: ₦1,200,000/year (average).
    • Most expensive: ₦1,000,000,000 (luxury duplexes).
    • Cheapest: ₦20,000 (likely smaller units or shared spaces).
  • Rental Prices:
    • Average: ₦4,500,000/year for houses, ₦1,200,000/year for flats.
    • Short-let: ₦90,000/day for duplexes, ₦75,000–₦150,000/day for flats.
  • Investment Potential:
    • High ROI for rentals and short-lets due to proximity to Chevron, Circle Mall, and business districts.
    • Capital appreciation driven by Lekki’s real estate growth and infrastructure projects like the Lekki Deep-Sea Port and proposed Lagos-Calabar Coastal Highway.
    • Flexible payment plans for off-plan properties (e.g., 50% deposit, balance over 12 months).
  • Titles: Governor’s Consent, Registered Deed of Assignment, or C of O, ensuring secure ownership.

Awards and Recognition

  • Communal Self-Help: Residents’ efforts to build canals and roads have been praised as a model of community-driven development, transforming Southern View from a flood-prone area into a desirable estate.
  • Market Appeal: Recognized as a middle-to-high-end estate, attracting professionals and investors due to its proximity to Chevron and secure environment.

Challenges and Considerations

  • Power Supply: Lack of central power infrastructure and high EKEDC fees for transformer installation force reliance on personal generators, increasing living costs.
  • External Roads: Poor condition of roads connecting to the Lekki-Epe Expressway, prone to flooding, affects accessibility.
  • Flood History: While internal drainage has improved, the estate’s history of flooding requires ongoing maintenance.
  • Availability: Limited properties on the primary market; most are secondary market transactions, requiring verification of titles and agent credibility.

Recent Developments

  • Infrastructure Upgrades: Residents’ investment in canals and roads (₦5,940,000 for Hammed Kasumu road as of 2018) has significantly reduced flooding, making the estate more attractive.
  • New Listings: Recent properties include a 3-bedroom terrace bungalow (₦35M distress sale) and a 4-bedroom semi-detached duplex (₦95M, fully furnished).
  • Lagos-Calabar Coastal Highway: The proposed highway alignment may impact nearby areas, potentially improving connectivity but raising concerns about demolitions.

Why Choose Southern View Estate?

  • Affordable Luxury: Offers a mix of budget-friendly flats (₦600,000–₦1,300,000/year) and luxury duplexes, catering to diverse budgets.
  • Secure and Serene: Gated community with 24/7 security, CCTV, and a child-friendly environment.
  • Investment Potential: High rental yields and capital appreciation due to Lekki’s growth and proximity to Chevron and Circle Mall.
  • Community Efforts: Resident-funded infrastructure like canals and roads ensures a well-maintained estate.
  • Prime Location: 15–20 minutes from Victoria Island, with access to beaches, malls, and schools.

Contact Information

  • Real Estate Agents:
    • Danadel Solutions Ltd: +2349050857650 (self-contained, ₦700,000/year).
    • Skyrock Home Global Limited: +2348038328517 (4-bedroom duplex, ₦3,500,000/year).
    • Future Homes Properties: +2348033389765 (4-bedroom duplex, ₦60,000,000).
    • Jb Homes And Properties: +2348066501996 (studio apartment, ₦1,200,000/year).
    • Gracealtar Homes: +2348107230609 (3-bedroom flat, ₦2,200,000/year).
  • Note: Verify agent credentials, avoid excessive inspection fees (above ₦5,000), and confirm property titles before payments.

Conclusion

Southern View Estate in Lekki Phase 2 is a dynamic residential hub offering a blend of affordable and luxury housing options, from self-contained flats to high-end duplexes. Its strategic location near Chevron, resident-driven infrastructure improvements, and proximity to Lekki’s commercial and recreational centers make it ideal for families, professionals, and investors. Despite challenges like external road conditions and power supply issues, the estate’s secure, serene environment and high ROI potential make it a compelling choice. Prospective buyers or renters should verify titles (Governor’s Consent or C of O) and contact reputable agents for inspections and the latest listings.

Disclaimer: Prices and availability are subject to change. Verify details with authorized agents before making decisions.

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