Top 10 Estates in Lekki: (Full Details + Price List)

Top 10 Estates in Lekki: Full Details With Complete Breakdown + Price List

Introduction

Lekki, a vibrant peninsula in Lagos, Nigeria, is renowned for its upscale residential estates, offering luxury, modern infrastructure, and proximity to business and leisure hubs. Situated east of Lagos State, Lekki is bordered by the Atlantic Ocean to the south, Lagos Lagoon to the north, and Victoria Island and Ikoyi to the west, making it a prime location for affluent residents and investors. This article ranks the top 10 estates in Lekki based on location, infrastructure, amenities, security, and value for money, providing detailed breakdowns and price lists derived from recent market data and trends.

Selection Criteria

Estates are evaluated based on:

  • Location: Proximity to business districts (Victoria Island, Ikoyi), commercial hubs, and recreational spots.
  • Infrastructure: Quality of roads, drainage, and power supply.
  • Amenities: Availability of recreational facilities, water systems, waste management, and smart home features.
  • Security: Gated access, CCTV, and 24/7 security personnel.
  • Value for Money: Property prices, rental yields, and appreciation potential.

Top 10 Estates in Lekki

1. Victoria Garden City (VGC)

  • Location: Off Lekki-Epe Expressway, near Ajah.
  • Description: The largest and most exclusive estate in Lekki, spanning approximately 200 hectares. Home to high-profile residents, including Nigeria’s Vice President, VGC is the gold standard for luxury living with well-planned residential, commercial, and public areas.
  • Amenities: Fully serviced with central water, sewage treatment, 24/7 security, 24-hour electricity, recreational facilities, shopping plaza, and restaurants.
  • Price List:
    • 4-Bedroom Detached Duplex: ₦200M–₦300M (sale), ₦10M–₦12M/year (rent).
    • 5-Bedroom Mansion: ₦400M–₦600M (sale), ₦15M–₦20M/year (rent).
    • Service Charge: ₦600,000–₦800,000/year.
  • Investment Potential: High appreciation due to elite status; strong rental demand.

2. Pinnock Beach Estate

  • Location: Chevron Drive, Lekki Phase 1.
  • Description: A luxurious waterfront estate with stunning Atlantic Ocean views, home to celebrities and affluent residents. Known for top-tier infrastructure and 24-hour power.
  • Amenities: Recreational centers, streetlights, waste management, 24/7 security, central water supply, oceanfront access.
  • Price List:
    • 5-Bedroom Detached Mansion: ₦500M–₦800M (sale), ₦12M–₦15M/year (rent).
    • 400 sqm Plot: ₦160M–₦180M.
    • Service Charge: ₦600,000/year.
  • Investment Potential: Elite location ensures high ROI and rental yields.

3. Northern Foreshore Estate

  • Location: Chevron, Lekki Phase 1.
  • Description: A serviced estate built in 2006 with 206 residential buildings, expanded by 360 units in 2008. Offers 24-hour electricity and excellent infrastructure, 10–15 minutes from Victoria Island.
  • Amenities: Good drainage, paved roads, 24-hour electricity, treated water, 24/7 security, greenery, recreational centers.
  • Price List:
    • 4-Bedroom Detached Duplex: ₦150M–₦200M (sale), ₦8M–₦10M/year (rent).
    • Service Charge: ₦500,000/year.
  • Investment Potential: High appreciation; ideal for professionals due to location.

4. Carlton Gate Estate

  • Location: Chevron Drive, Lekki.
  • Description: A medium-sized (40 hectares), well-planned estate with a serene environment, good road layout, and proximity to Circle Mall.
  • Amenities: Central management for security, roads, streetlights, waste management, gardening, playground maintenance, trees, and green areas.
  • Price List:
    • 4-Bedroom Terrace Duplex: ₦80M–₦100M (sale), ₦4M–₦6M/year (rent).
    • 5-Bedroom Detached Duplex: ₦200M–₦250M (sale), ₦10M–₦12M/year (rent).
    • Service Charge: ₦450,000/year.
  • Investment Potential: Strong rental demand; good value for luxury.

5. Friends Colony Estate

  • Location: Agungi, Lekki.
  • Description: A fully serviced, fenced estate with 24-hour electricity and a serene environment. Close to supermarkets and Circle Mall.
  • Amenities: Water treatment, central sewage, good drainage, gym, pool (membership-based), 24/7 security, streetlights, waste management.
  • Price List:
    • 4-Bedroom Terrace Duplex: ₦80M–₦100M (sale), ₦4M–₦5M/year (rent).
    • Service Charge: ₦294,000/year (₦24,500/month).
  • Investment Potential: Affordable luxury with steady appreciation.

6. Goshen Beach Estate

  • Location: Ikate-Elegushi, near 3rd Roundabout.
  • Description: A family-friendly estate with duplex-heavy layouts, well-constructed drainage, and a serene environment. No central power but flood-free.
  • Amenities: Playground, interlocked roads, 24/7 security, restricted entry.
  • Price List:
    • 4-Bedroom Detached Duplex: ₦120M–₦150M (sale), ₦6M–₦8M/year (rent).
    • Service Charge: ₦450,000/year.
  • Investment Potential: High demand for family homes; good appreciation.

7. Atlantic View Estate

  • Location: Alpha Beach Road, before Chevron Roundabout.
  • Description: Offers ocean views, well-paved roads, and a nice layout. More affordable than peers like Chevy View Estate.
  • Amenities: Streetlights, good drainage, playground, 24/7 security, no central power (streetlights powered by estate generator).
  • Price List:
    • 4-Bedroom Semi-Detached Duplex: ₦45M–₦50M (sale), ₦2M–₦2.5M/year (rent).
    • 5-Bedroom Detached Duplex: ₦50M–₦60M (sale), ₦2.5M–₦3M/year (rent).
    • Service Charge: ₦300,000/year.
  • Investment Potential: Excellent value for money; steady appreciation.

8. Idado Estate

  • Location: Lekki-Epe Expressway, near Chevron.
  • Description: A community-driven estate with diverse housing (duplexes, bungalows, apartments) developed by individuals, not a single firm.
  • Amenities: Security and waste management by residents’ association, good drainage, no central water or power (individual boreholes, generators).
  • Price List:
    • 4-Bedroom Semi-Detached Duplex: ₦150M (sale), ₦8M/year (rent).
    • 5-Bedroom Detached Mansion: ₦280M–₦550M (sale), ₦12M/year (rent).
    • Service Charge: ₦400,000–₦600,000/year.
  • Investment Potential: Variety in housing; strong rental yields.

9. Hampton Bay Estate

  • Location: Spar Road, Ikate-Elegushi.
  • Description: An 8.4-hectare estate with smart homes, ocean proximity, and luxury amenities like elevators and cinemas.
  • Amenities: Central power, water, sewage, 24/7 security, recreational facilities, smart home systems.
  • Price List:
    • 5-Bedroom Detached Mansion: ₦500M–₦800M (sale), ₦12M–₦15M/year (rent).
    • 400 sqm Plot: ₦160M–₦180M.
    • Service Charge: ₦500,000–₦600,000/year.
  • Investment Potential: High ROI due to elite location and features.

10. Periwinkle Lifestyle Estate

  • Location: Lagoon District, Lekki Phase 1.
  • Description: A luxury estate with lush green areas and modern facilities, catering to high-class residents.
  • Amenities: Recreational centers, 24/7 security, central water supply, flood control measures.
  • Price List:
    • 4-Bedroom Terrace Duplex: ₦90M–₦120M (sale), ₦4.5M–₦6M/year (rent).
    • 5-Bedroom Detached Duplex: ₦200M–₦250M (sale), ₦10M–₦12M/year (rent).
    • Service Charge: ₦500,000/year.
  • Investment Potential: High-end market with strong ROI.

Additional Costs (All Estates)

  • Legal and Admin Fees: 5% of purchase price.
  • VAT: 7.5%.
  • Survey Fee: ₦1.5M–₦2M.
  • Inspection Fee: ₦10,000 (often refundable).

Challenges and Considerations

  • Flood Control: Lekki’s waterlogged terrain poses flooding risks; estates like Goshen Beach and Hampton Bay prioritize drainage.
  • Traffic Congestion: Peak-hour traffic on the Lekki-Epe Expressway can delay travel to Victoria Island or Ikoyi.
  • Construction Quality: Verify structural integrity due to past concerns with some Lekki developments; thorough inspections are advised.
  • Due Diligence: Confirm titles (Governor’s Consent, C of O) to avoid disputes.
  • Service Charges: Annual fees (₦200,000–₦800,000) may increase with added amenities.

Conclusion

Lekki’s top 10 estates, from the exclusive VGC to the affordable Atlantic View, offer a spectrum of luxury, security, and investment potential. With modern amenities, strategic locations, and high ROI, these estates cater to diverse needs in Lagos’ thriving real estate market. Despite challenges like traffic and flood risks, their robust infrastructure and clear titles make them prime choices. For current pricing and inspections, contact agents like Bera Deals (07065266133), Bluehedge Realtors (08177766115), or visit Nigeria Property Centre.

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