Victoria Crest Estate, Lekki: (Full Review + Price List)

Victoria Crest Estate, Lekki: Full Details With Complete Breakdown + Price List

Overview

Victoria Crest Estates, developed by Nedcomoaks Limited under its Victoria Crest Homes brand, are a series of serviced mini-housing estates located along Orchid Hotel Road, immediately after the 2nd Lekki Toll Gate in Lekki, Lagos State, Nigeria. The estates include Victoria Crest I, II, III, IV, and Victoria Crest Luxury Apartments in Ajiran, near Pinnock Beach Estate. Known for affordability and luxury, they cater to middle- and high-income families working in Lekki or Victoria Island. The estates feature modern infrastructure, including 24/7 power in VCE III and Apartments, and are strategically positioned near landmarks like Chevron Headquarters and Lekki Conservation Centre. Properties typically hold a Certificate of Occupancy (C of O) or Governor’s Consent, but due diligence is critical due to past land disputes in Lekki, such as the 2023 Signature Villa Estate demolition.

Property Features

Victoria Crest Estates offer a range of residential properties, primarily terraced and detached duplexes, with some apartments in the Luxury Apartments segment. Below is a detailed breakdown based on available information.

Residential Properties

  • Location: Orchid Hotel Road, after 2nd Lekki Toll Gate (VCE I–IV); Ajiran, near Pinnock Beach Estate (Luxury Apartments), Lekki, Lagos
  • Property Types:
    • 2-bedroom terraced duplexes
    • 3-bedroom terraced duplexes
    • 4-bedroom terraced and semi-detached duplexes
    • 4-bedroom fully detached duplexes with BQ
    • 5-bedroom detached duplexes with BQ
    • 3-bedroom apartments (Luxury Apartments in Ajiran)
  • Key Features:
    • All rooms ensuite with glass-encased shower cabinets and therapeutic shower units
    • Fully fitted kitchens with appliances (cooker, oven, microwave, heat extractor, washing machine in select units)
    • Spacious living rooms with Italian marble tiles, POP ceilings, and aesthetic light fittings
    • Fitted wardrobes, walk-in closets, and Turkish security doors
    • Ample parking (3–5 cars for duplexes)
    • 24/7 power in VCE III and Luxury Apartments; 15–21 hours in VCE I and II
    • Central water treatment plant with filtration systems
    • Interlocked compounds and well-channeled drainage
    • Inverters (e.g., 2.5kVA), solar batteries, or generators in select units
    • High-grade fixtures and fittings (e.g., jacuzzi, water heaters)
  • Estate Amenities:
    • Communal swimming pool
    • Fully equipped gym
    • Children’s playground and soccer pitch
    • 24/7 armed security with CCTV and access control (non-residents require host approval)
    • Centralized waste management and trash pick-up
    • Standard fitness center and massive play areas
    • Street lighting and paved roads
  • Nearby Landmarks:
    • Chevron Nigeria Headquarters: ~5–10 minutes drive
    • Lekki Conservation Centre: ~10 minutes drive
    • Novare Lekki Mall (Shoprite): ~10–15 minutes drive
    • Mega1 Mall (movie theaters): ~10 minutes walk
    • Victoria Island: ~30 minutes (off-peak), 40–85 minutes (rush hour)
    • Pinnock Beach Estate (Luxury Apartments): Adjacent
  • Sources: Nigeria Property Centre, PropertyPro.ng, Neighbourhoodreview.com, victoriacresthomes.ng

Land for Development

  • Availability: Limited listings for land within Victoria Crest Estates; most offerings focus on built properties.
  • Sizes Available: 300–600 sqm (based on comparable estates like Imagine Estate nearby)
  • Features:
    • Dry, sand-filled land suitable for residential development
    • Titles: C of O or Governor’s Consent
    • Access to estate infrastructure (roads, drainage, power)
  • Examples (estimated from nearby estates):
    • 300 sqm: ₦25,000,000–₦30,000,000
    • 600 sqm: ₦50,000,000–₦60,000,000
  • Sources: Nigeria Property Centre, PropertyPro.ng

Estate Infrastructure

  • Roads: Interlocked estate roads (very good condition); Orchid Hotel Road has some bad sections
  • Power: Central power generating unit as backup to PHCN; 24/7 electricity in VCE III and Luxury Apartments, 15 hours (weekdays) and 21 hours (weekends) in VCE I and II
  • Water: Central water treatment plant with industrial boreholes
  • Drainage: Well-designed drainage system, minimizing flooding
  • Security: Gated community with 24/7 uniformed security, CCTV, and generated access codes
  • Waste Management: Centralized trash pick-up by estate management
  • Service Charge: ₦28,000 monthly (covers security, waste management, environmental services)
  • Sources: Neighbourhoodreview.com, victoriacresthomes.ng

Price List

Pricing for properties in Victoria Crest Estates varies by phase, type, and features. Below is a detailed price list based on available listings. Prices are subject to change, and prospective buyers or renters should contact verified agents for current figures.

Houses for Sale

  • 2-Bedroom Terraced Duplex:
    • Price: ₦45,000,000–₦60,000,000 (sold out in VCE IV)
    • Features: Ensuite rooms, fitted kitchen, 24/7 security, Governor’s Consent
    • Example: 2-bedroom terrace, VCE IV, ₦45,000,000 (victoriacresthomes.ng)
    • Average Price: ₦50,000,000
  • 3-Bedroom Terraced Duplex:
    • Price: ₦63,000,000–₦95,000,000
    • Features: Ensuite rooms, BQ, fully fitted kitchen, swimming pool, gym, C of O
    • Examples:
      • ₦63,000,000: VCE IV Waterview Experience, Orchid Road (PropertyPro.ng)
      • ₦95,000,000: Corner 3-bedroom terrace with 24/7 power, VCE (Dream Crest Facility Management, 07033600155)
    • Average Price: ₦80,000,000
  • 4-Bedroom Terraced Duplex:
    • Price: ₦49,000,000–₦140,000,000
    • Features: Ensuite rooms, fitted kitchen, swimming pool, gym, Governor’s Consent or Deed
    • Examples:
      • ₦49,000,000: Distress sale, VCE IV, Chevron Drive (PrivateProperty.com.ng)
      • ₦100,000,000: Well-maintained terrace, VCE, Orchid Road (Leeward Properties, +2348022990214)
      • ₦140,000,000: VCE V, Harrison Road behind VGC (Deyemmitte Global Concepts, 08050720371)
    • Average Price: ₦100,000,000
  • 4-Bedroom Semi-Detached/Detached Duplex:
    • Price: ₦100,000,000–₦250,000,000
    • Features: Ensuite rooms, BQ, swimming pool, gym, C of O or Governor’s Consent
    • Examples:
      • ₦100,000,000: 4-bedroom semi-detached, VCE (lekesanniandassociates.com.ng)
      • ₦250,000,000: 4-bedroom detached with BQ, Buena Vista Estate near VCE (17 Three Digital Realtors, 08068958046)
    • Average Price: ₦175,000,000
  • 5-Bedroom Detached Duplex:
    • Price: ₦155,000,000–₦165,000,000
    • Features: Ensuite rooms, BQ, laundry room, gym, Italian marble, 5-car parking, C of O
    • Example: ₦165,000,000: 5-bedroom detached with BQ, VCE, Orchid Road (Emmy Properties, 07061562146)
    • Average Price: ₦160,000,000
  • 3-Bedroom Apartment (Luxury Apartments, Ajiran):
    • Price: ₦50,000,000
    • Features: Ensuite rooms, BQ, elevator, swimming pool, lounge, CCTV, C of O
    • Example: VCE Luxury Apartments, Ajiran (Realex Marketplace, +2347069652227)
    • Average Price: ₦50,000,000
  • Payment Plans:
    • Flexible plans: 18–24 months with 20%–50% initial deposit (e.g., ₦10,000,000–₦25,000,000)
    • Mortgage options: 15–25 years at ~6%–16% interest via National Housing Fund (NHF) or banks
  • Average House Price: ₦206,964,754 (PropertyPro.ng)

Houses for Rent

  • 2-Bedroom Terraced Duplex:
    • Rent: ₦4,500,000 per annum
    • Additional Fees:
      • Agency Fee: 10% (₦450,000)
      • Legal Fee: 10% (₦450,000)
      • Service Charge: ₦45,000 monthly (₦540,000 annually)
      • Caution Fee: ₦450,000
    • Features: Fitted kitchen, water heater, walk-in shower, swimming pool, gym
    • Example: VCE, Orchid Road (Dafeva Homes, +2349013915325)
  • 3-Bedroom Terraced Duplex:
    • Rent: ₦4,500,000–₦7,000,000 per annum
    • Additional Fees:
      • Agency Fee: 10% (₦450,000–₦700,000)
      • Legal Fee: 10% (₦450,000–₦700,000)
      • Service Charge: ₦600,000 annually (excluding diesel deposit)
      • Caution Fee: ₦1,000,000
    • Examples:
      • ₦4,500,000: VCE, Orchid Road (Provident Homes And Realtor, 08038228643)
      • ₦5,000,000: VCE IV, Orchid Road (Wolfe Realtors Nigeria, 08106003837)
      • ₦7,000,000: Fully furnished, VCE IV Waterview, Orchid Road (Aniefiok Holdings, 08146053752)
    • Average Rent: ₦7,000,000 per annum
  • 4-Bedroom Terraced Duplex:
    • Rent: ₦5,000,000–₦10,000,000 per annum
    • Additional Fees:
      • Agency Fee: 10% (₦500,000–₦1,000,000)
      • Legal Fee: 10% (₦500,000–₦1,000,000)
      • Service Charge: ₦600,000–₦1,000,000 annually
      • Caution Fee: ₦500,000–₦1,000,000
    • Example: ₦10,000,000: Atlantic Nominees Estate near VCE, Orchid Road (Nigeria Property Centre)
  • 3-Bedroom Apartment:
    • Rent: ₦1,200,000–₦1,600,000 per annum
    • Additional Fees:
      • Agency Fee: 10% (₦120,000–₦160,000)
      • Legal Fee: 10% (₦120,000–₦160,000)
      • Service Charge: ₦28,000 monthly (₦336,000 annually)
      • Caution Fee: ₦100,000–₦200,000
    • Example: ₦1,600,000: Adjacent VCE, Agungi (Cicero Services, 07034273200)
  • Sources: Nigeria Property Centre, PropertyPro.ng, epicrents.com

Short-Let Houses

  • 3-Bedroom Terraced Duplex:
    • Rent: ₦100,000–₦150,000 per day
    • Features: Fully furnished, Wi-Fi, Netflix, DSTV, inverter, pool, gym
    • Example: VCE IV Waterview, Orchid Road, ₦120,000/day (Airbnb)
  • Additional Fees:
    • Caution Fee: ₦100,000–₦200,000 (refundable)
    • Agency Fee: Varies by platform
  • Sources: Airbnb

Investment Potential

Victoria Crest Estates offer strong investment potential due to their affordability and strategic location:

  • ROI: Properties yield 15%–25% annual returns through rental income or resale, competitive within Lekki’s market.
  • Strategic Location: Proximity to Chevron, Mega1 Mall, and Lekki Conservation Centre supports rental demand from professionals and families.
  • Infrastructure Growth: Developments like the Lekki Free Trade Zone, proposed Lekki International Airport, and Fourth Mainland Bridge are expected to boost property values.
  • Lifestyle Appeal: Child-friendly amenities (playground, soccer pitch) and short-let potential (e.g., Airbnb) enhance appeal.
  • Flood Mitigation: Effective drainage systems reduce flooding risks, a key advantage in Lekki.
  • Sources: Neighbourhoodreview.com, victoriacresthomes.ng

Due Diligence

Given past land disputes in Lekki, thorough due diligence is essential:

  • Title Verification: Confirm C of O or Governor’s Consent through the Lagos State Land Registry or Surveyor General’s Office. Listings with only Deeds require extra scrutiny.
  • Agent Background: Verify agents like Emmy Properties (07061562146), Leeward Properties (+2348022990214), or Wolfe Realtors (08106003837) through reviews or past projects.
  • Environmental Checks: Ensure properties are not on government-acquired land or flood-prone areas.
  • Surveyor Services: Engage a registered surveyor to chart coordinates and verify documents.
  • Warning: Distress sales (e.g., ₦49,000,000 4-bedroom terrace) may indicate issues; verify authenticity.
  • Sources: Nigeria Property Centre, PropertyPro.ng

How to Proceed

To purchase or rent in Victoria Crest Estates, follow these steps:

  1. Contact Agents:
    • Emmy Properties: 07061562146
    • Leeward Properties: +2348022990214
    • Wolfe Realtors Nigeria: 08106003837
    • Provident Homes And Realtor: 08038228643
    • Aniefiok Holdings: 08146053752
    • Property Hub Naija: +2349059227043
    • Dafeva Homes: +2349013915325
    • Deyemmitte Global Concepts: 08050720371
    • Dream Crest Facility Management: 07033600155
    • Realex Marketplace (Luxury Apartments): +2347069652227
    • Short-let bookings: Airbnb (airbnb.com)
  2. Verify Titles: Use a property lawyer or surveyor to confirm C of O or Governor’s Consent at the Lagos State Land Registry.
  3. Schedule Inspections: Arrange physical or virtual tours with 24-hour notice. Inspection fee: ₦5,000 (Property Hub Naija).
  4. Explore Payment Plans: Inquire about 18–24 month plans with 20%–50% initial deposit or mortgage options (6%–16% interest for 15–25 years via NHF or banks).
  • Sources: Nigeria Property Centre, PropertyPro.ng, victoriacresthomes.ng

Conclusion

Victoria Crest Estates, located along Orchid Hotel Road and in Ajiran, offer affordable luxury with 2–5 bedroom properties priced from ₦49,000,000 to ₦250,000,000 for sale, ₦1,200,000 to ₦10,000,000 per annum for rent, and ₦100,000 to ₦150,000 per day for short lets. With 24/7 power in VCE III and Luxury Apartments, amenities like pools, gyms, and playgrounds, and proximity to Chevron and Mega1 Mall, the estates are ideal for families and investors. However, thorough title verification is critical due to Lekki’s history of land disputes. Contact verified agents or Airbnb for current pricing and inspections.

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

bornbyai

Protected by CleanTalk Anti-Spam