The cost of buying a house in Lekki, Lagos, can vary significantly depending on the exact location within the Lekki area, the type of property, and its size. Here’s a breakdown of the price ranges for different types of properties in Lekki:
1. Lekki Phase 1
- 2 to 3-Bedroom Apartments: Typically priced between ₦40 million to ₦80 million.
- 4 to 5-Bedroom Houses: Prices range from ₦100 million to ₦250 million, depending on the size and luxury level.
- Luxury Properties/Detached Houses: High-end properties or luxury villas in Lekki Phase 1 can go for anywhere from ₦250 million to over ₦500 million.
2. Lekki Phase 2
- 2 to 3-Bedroom Apartments: Usually range from ₦30 million to ₦60 million.
- 4 to 5-Bedroom Homes: These typically cost between ₦80 million to ₦150 million.
- Luxury Homes: High-end homes can range from ₦200 million to ₦400 million or more.
3. Lekki Gardens/Ikate
- 2 to 3-Bedroom Apartments: Prices here range from ₦25 million to ₦50 million.
- Detached Homes: These can cost anywhere from ₦70 million to ₦150 million, depending on location and size.
- Luxury Homes: High-end properties in this area may cost ₦150 million to ₦350 million or higher.
4. Victoria Island (adjacent to Lekki)
- Since Victoria Island is close to Lekki, homes here tend to be on the more expensive side.
- 2 to 3-Bedroom Apartments typically start from ₦50 million and can go up to ₦100 million or more for more luxurious units.
- Detached Homes/Villas can be priced between ₦200 million and ₦500 million+, depending on the specific location and amenities.
Factors Affecting Price:
- Proximity to major roads and commercial hubs: The closer the property is to places like Lekki-Epe Expressway or the Lekki Free Trade Zone, the more expensive it tends to be.
- Property Type and Luxury: Villas and large detached homes with modern amenities and features like swimming pools, security, and advanced infrastructure will cost significantly more than regular apartments or semi-detached homes.
- Development Stage: Newly developed estates or properties in more developed areas tend to have higher prices compared to properties in emerging parts of Lekki.
Conclusion:
Lekki remains one of the most desirable locations in Lagos, and property prices can vary widely based on location, size, and luxury features. If you are considering purchasing a home in Lekki, it’s essential to research the area, determine your budget, and consult with a local real estate agent to help you find a property that fits your needs.