Springville Estate Elegushi Lekki (Complete Price Guide)

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

Overview

Springville Estate, located in Ikate Elegushi, Lekki, Lagos, is a prestigious residential development offering modern living in a serene and secure environment. Developed by reputable real estate firms, this estate is designed to cater to families and investors seeking luxury, convenience, and accessibility. Positioned close to the Lekki-Epe Expressway, it provides easy access to key areas like Victoria Island, Ikoyi, and other parts of Lagos. The estate is known for its well-planned infrastructure, gated community, and top-notch amenities, making it a prime choice for high-end living in Lekki.

Note: There is also mention of Fountain Springville Estate in Sangotedo, Lekki, along Monastery Road, developed by HFP Nigeria Limited. This article primarily focuses on Springville Estate in Ikate Elegushi, but relevant details about Fountain Springville will be included where applicable to avoid confusion.

Location and Accessibility

  • Springville Estate, Ikate Elegushi:
    • Located in the heart of Ikate Elegushi, near Cowrie Creek Estate, Spar Shopping Complex, and other prominent estates like Lekki Gardens.
    • Proximity to Lekki-Epe Expressway ensures connectivity to major business and social hubs.
    • Approximately 1-hour drive to Victoria Island during off-peak hours and 1.5–2 hours during rush hour (6:00 AM–8:30 AM).
  • Fountain Springville Estate, Sangotedo:
    • Situated along Monastery Road, off Lekki-Epe Expressway, in Sangotedo, Lekki.
    • About 1-hour drive to Victoria Island off-peak and 2 hours during rush hour.

Both estates benefit from Lekki’s strategic position as a “Blue-Green Environment City,” with ongoing developments like a Free Trade Zone, airport, and seaport.

Infrastructure and Amenities

Springville Estate, Ikate Elegushi

  • Gated Community: Secured with restricted entry, CCTV surveillance, and 24-hour security personnel (armed and unarmed).
  • Road Network: Well-paved, interlocked roads with covered drainage systems to prevent flooding.
  • Utilities:
    • Central water supply with clean, treated water.
    • 24-hour electricity supported by estate transformers and supplemented by residents’ generators/inverters.
    • Pre-installed broadband internet and intra-community telecommunication systems.
  • Recreational Facilities: Includes green areas, community centers, and leisure spaces for family activities.
  • Waste Management: Efficient waste collection managed by the estate authority.
  • Nearby Amenities: Close to Lekki Arts and Crafts Market, Pearl Market, The Lennox Mall, Blenco African Market, Elegushi Modern Market, and recreational spots like Leisure Sports Park, Kos Lagos, and Hungrybelly Restaurant.

Fountain Springville Estate, Sangotedo

  • Gated Community: Single entrance/exit manned by armed and unarmed security guards, with visitor clearance protocols.
  • Road Network: Interlocked roads with good drainage channels, no flooding issues reported.
  • Utilities:
    • Central water supply system.
    • Electricity via EKDC, with estate transformers reducing outage risks; residents often use generators/inverters.
  • Recreational Facilities: Two recreational parks for residents.
  • Waste Management: Handled effectively by estate management.
  • Service Charges:
    • Annual service charge: ₦180,000.
    • Water connection fee: ₦400,000 (post-construction).
    • Electricity connection fee: ₦1,050,000 (post-construction).

Property Types and Features

Springville Estate, Ikate Elegushi

  • Property Types: Primarily detached and semi-detached duplexes, terrace duplexes, and apartments.
  • Features (based on similar estates in Ikate Elegushi):
    • 4–5 bedroom duplexes with boys’ quarters (BQ), often including:
      • Spacious living areas with high ceilings.
      • Fully fitted kitchens with modern appliances (microwave, heat extractor).
      • En-suite bedrooms with walk-in closets and luxury sanitary wares.
      • Balconies, rooftop terraces, and swimming pools in select units.
      • Smart home automation and CCTV surveillance in high-end units.
    • Apartments: 2–3 bedroom flats with features like elevators, 24-hour power, and fitted kitchens.
  • Title: Most properties come with a Governor’s Consent or Certificate of Occupancy (C of O).

Fountain Springville Estate, Sangotedo

  • Property Types: Family-oriented duplexes (detached and semi-detached).
  • Features:
    • Spacious layouts with 40% of the estate developed.
    • Good road and drainage networks.
    • Family-friendly environment with recreational parks.
  • Title: Governor’s Consent or Deed of Assignment.

Price List

Note: Prices for Springville Estate in Ikate Elegushi are based on recent listings for similar properties in the area, as specific price details for this estate are limited. Fountain Springville prices are directly sourced.

Springville Estate, Ikate Elegushi

  • Houses for Sale:
    • 4-Bedroom Semi-Detached Duplex: ₦280,000,000–₦400,000,000.
    • 5-Bedroom Fully Detached Duplex: ₦420,000,000–₦850,000,000 (with amenities like swimming pools, cinemas, and BQ).
    • Average Price: ₦150,000,000 (range: ₦100,000,000–₦935,000,000).
  • Apartments for Sale:
    • 2-Bedroom Apartment: ₦130,000,000–₦160,000,000 (fully serviced with swimming pool, elevator, 24-hour power).
    • Average Price: ₦25,000,000 (range: ₦55,000,000–₦240,000,000).
  • Land for Sale:
    • 550 sqm Bare Land: ₦152,000,000 (Spring Bay Estate, adjacent to Springville).
    • 800 sqm Plot: ₦400,000,000–₦650,000,000 (with C of O or Deed of Assignment).
    • Average Price: ₦650,000,000 (range: ₦280,000,000–₦3,360,000,000).
  • Houses for Rent:
    • 2-Bedroom Apartment: ₦4,500,000–₦6,000,000 per annum (service charge: ₦500,000–₦1,000,000; caution, agency, legal fees: 10% each).
    • 3-Bedroom Apartment: ₦6,000,000–₦8,000,000 per annum (service charge: ₦1,000,000–₦1,200,000).
    • 4-Bedroom Terrace Duplex: ₦8,500,000 per annum (service charge: ~₦32,000 monthly).

Fountain Springville Estate, Sangotedo

  • Service Charges (as of 2017):
    • Annual Service Charge: ₦180,000.
    • Water Connection Fee: ₦400,000.
    • Electricity Connection Fee: ₦1,050,000.
  • Property Prices: Specific sale or rental prices for Fountain Springville are not widely listed in recent data. However, based on similar estates in Sangotedo:
    • 4-Bedroom Duplex: ₦100,000,000–₦200,000,000.
    • 5-Bedroom Duplex: ₦150,000,000–₦300,000,000.
    • Land (600–800 sqm): ₦50,000,000–₦150,000,000 (depending on title and location).

Prices are subject to change based on market trends, property condition, and additional features. Contact estate agents or developers for the latest pricing.

Investment Potential

  • Springville Estate, Ikate Elegushi:
    • High demand due to proximity to Lekki-Epe Expressway and upscale neighborhoods like Cowrie Creek and Nicon Town.
    • Properties appreciate rapidly, with examples like Lekki Gardens investors earning significant profits (e.g., ₦116.03 million in under 2 years).
    • Ideal for luxury homebuyers and investors seeking rental income.
  • Fountain Springville, Sangotedo:
    • More affordable compared to Ikate Elegushi, making it attractive for middle- to upper-income buyers.
    • Monastery Road’s quality infrastructure and proximity to other estates enhance its appeal.

Nearby Estates and Developments

  • Ikate Elegushi: Cowrie Creek Estate, Richmond Pearl Estate, Seagate Estate, Earls’ Court, Bella Court III, and The Address Lekki.
  • Sangotedo: Other serviced estates along Monastery Road, offering similar infrastructure and affordability.

Contact Information

For detailed inquiries or property viewings:

  • Springville Estate, Ikate Elegushi:
    • Contact local estate agents like Boteam Nigeria Limited (07001239008) or Vallecano Ventures (08027294775).
    • Email: in**@**********ns.com (for similar developments).
  • Fountain Springville, Sangotedo:
    • Contact HFP Nigeria Limited or local agents for updated pricing and availability.
    • General inquiries: Nigeria Property Centre (nigeriapropertycentre.com).

Conclusion

Springville Estate in Ikate Elegushi offers a premium living experience with modern amenities, strategic location, and strong investment potential. Fountain Springville in Sangotedo provides a more affordable alternative with similar quality infrastructure. Both estates cater to different budgets and preferences, making them excellent choices for residents and investors in Lekki’s thriving real estate market. For the latest price lists and availability, contact reputable estate agents or developers directly.

Disclaimer: Prices and availability are based on available data as of June 25, 2025, and may vary. Always verify with estate agents or developers for current details.

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