The popularity of gated estates and communities in Lagos is on the rise. The city of Lagos is known to have numerous gated estates, which offer residents a secure and luxurious lifestyle.
These estates are typically surrounded by walls or fences and often have manned security gates, CCTV cameras, and other security measures to keep residents and their assets safe.
The estates in Lagos are also known for their top-notch facilities, such as parks, swimming pools, gyms, playgrounds, and shopping centers.
Many of these estates also have their own schools, hospitals, and other facilities, making them self-contained communities.
In this article, we will be taking an in-depth look at one of the famous estates in Lagos State, Nigeria, the Crown Estate, located in Sangotedo.
We will examine the estate’s location, amenities, infrastructure, and housing options, as well as provide a comprehensive overview of everything Crown Estate has to offer.
- Overview Of Crown Estate
- Location and Accessibility of Crown Estate
- Features and Amenities of Crown Estate
- The Real Estate Market In Crown Estate
- Housing Options In Crown Estate
- Community and Lifestyle In Crown Estate
- Cost Of Living In Crown Estate
- Pros and cons Of Living In Crown Estate
- Investment Opportunities In Crown Estate
- Related Topics
Overview Of Crown Estate
Crown Estate is a well-planned residential estate located in the Lekki Peninsula area of Lagos, Nigeria.
It spans a vast area of land and is divided into several sections, each with its own set of amenities and infrastructure.
It has become a popular choice for those seeking a comfortable and secure residential community in Lagos, offering a range of amenities and facilities for a convenient and enjoyable living experience.
One of the things that makes Crown Estate attractive is its location. The estate is situated in an affluent neighborhood along the Lekki-Epe Expressway, which is one of the major highways in Lagos.
It provides its residents easy access to different parts of the city. The estate is also close to a number of commercial areas, including Victoria Island and Ikoyi, as well as a number of hospitals, schools, and other important institutions.
A notable feature of the estate is its 24-hour security system, which is put in place to ensure the safety and security of residents and their properties.
The estate also has clean and well-maintained roads, drainage systems, and power supplies, providing a comfortable living experience for residents.
Crown Estate offers a range of housing options, from detached and semi-detached houses to apartments and duplexes. There are different options to satisfy different needs.
The houses in this estate all have modern architecture and stylish finishes that add to the general aesthetic of the estate.
The estate also has several recreational and relaxation facilities that both children and adults can enjoy, such as playgrounds, gardens, and sports fields, providing opportunities for leisure and relaxation.
Location and Accessibility of Crown Estate
The major selling points of Crown Estate are its location and accessibility, which provide inhabitants with a pleasant and comfortable lifestyle with quick access to necessities and transportation to other areas of Lagos.
Crown Estate is located in the Lekki Peninsula area of Lagos, Nigeria. It is situated in the Sangotedo area, along the Lekki-Epe expressway, and is adjacent to the Novare Mall (also known as Shoprite Sangotedo).
Because of its strategic location, the residents of this estate have easy access to a variety of amenities, such as retail malls, grocery stores, dining establishments, and entertainment venues.
Crown Estate is easily accessible by road and has good transportation links to other areas of Lagos. It is just a few minutes away from the Lekki-Epe expressway, which connects to the mainland and other areas of the city.
It is also conveniently close to Lagos Island and Victoria Island, two of Lagos’ most important business and commercial centers.
The proximity of the estate to the expressway also makes it easy for residents to commute to work or travel around Lagos.
Follow Google Map directions on Crown Estate
Features and Amenities of Crown Estate
Crown Estate is a gated community with strict and effective security protocols that ensure the safety of residents and their properties. The estate is monitored 24/7 by trained security personnel who patrol the area and monitor access to the estate.
The estate also has access control rules put in place to avoid unauthorized access that could compromise the safety of the estate. All the security measures provide residents with a safe and secure environment to live in.
2. Green Spaces
Crown Estate has numerous green spaces and parks that are well-maintained and provide a serene environment for residents to relax and enjoy nature. The lush gardens and parks also add to the aesthetic of the estate making it a beautiful and serene place to live.
These green spaces provide a peaceful and refreshing area for residents to relax and enjoy nature. It is also a good place to spend time with family, take a walk, or even meditate.
3. Recreational Facilities
The estate has several recreational facilities, including tennis and basketball courts, a football pitch, a swimming pool, and a gym.
These facilities allow residents to stay active and healthy without having t leave the estate. It also fosters a sense of community among residents and encourages social interaction.
5. Shops and Restaurants
Although Crown Estate is primarily residential, it has a small commercial center that caters to the needs of its residents.
It has several shops and restaurants with a mix of local and international cuisine located within the estate, making it easy for residents to access basic necessities and enjoy a variety of cuisines.
The estate has a well-planned and well-developed infrastructure, including good road networks, reliable electricity, and water supply.
This ensures that residents enjoy a comfortable and convenient lifestyle. The estate’s modern infrastructure and facilities make it an attractive residential community in Lagos, offering a high standard of living to its residents.
7. Housing Options
Crown Estate offers a range of housing options, including detached houses, semi-detached houses, and apartments. This allows residents to choose a home that suits their lifestyle and budget.
8. Community Spirit
Crown Estate has a strong sense of community spirit, with residents coming together for various activities and events. This fosters a friendly and welcoming environment for all residents.
The Real Estate Market In Crown Estate
The estate is a desirable location for individuals wishing to invest in the Lagos real estate market because of its location, modern infrastructure, and green areas.
The tremendous potential for return on investment (ROI) is one of the most important benefits of investing in Crown Estate.
The estate’s location on the Lekki Peninsula, a rapidly developing area in Lagos, makes it an excellent choice for those looking to invest in a high-growth market.
Also read: Top 20 Real Estate Marketing Ideas To Increase Sale In 2023
Property values in Crown Estate are anticipated to increase dramatically over the next few years as demand for real estate in Lagos continues to increase, making it a potentially profitable investment opportunity.
The estate provides a variety of housing options, from budget-friendly apartments to upscale duplexes.
This variety of housing options ensures that there is something for every budget and lifestyle, from first-time homebuyers to high-net-worth individuals.
The top-notch amenities and infrastructure are another benefit of investing in this estate. The estate’s well-kept roads, dependable electricity, and water supply, and round-the-clock security make for a comfortable and secure living environment for its residents.
An estate is a great option for families and adults wishing to lead an active lifestyle because it also features a variety of recreational amenities, such as parks, playgrounds, and sports facilities.
Housing Options In Crown Estate
Crown Estate offers a range of housing options to accommodate various lifestyles and price ranges. Each type of home in the Crown Estate has certain advantages and traits of its own.
While some have features like gardens, swimming pools, and entertainment areas, others have more space and privacy.
The estate also offers a variety of pricing options, making it affordable for people of different income levels.
Here are a few of the housing options in the estate:
- Detached Houses: These are single-family homes with lots of room and privacy. They come in many designs and sizes, and they are excellent for families.
- Semi-Detached Houses: These houses share a common wall with their neighbor but have separate entrances and outdoor spaces. They are a good choice for anyone who wants to live in a community while maintaining some level of privacy.
- Terraced Houses: These are multi-level houses that share common walls on both sides. They are perfect for anyone looking for more cheap living options that don’t sacrifice space.
- Apartments: Crown Estate also offers apartments for those who prefer a low-maintenance lifestyle. These flats are available in various sizes and can accommodate lone individuals, couples, or small families.
- Duplexes: These are two-story houses that are often semi-detached or attached to other units. They offer ample space and privacy and are ideal for larger families.
Community and Lifestyle In Crown Estate
The lifestyle at Crown Estate is one of luxury and convenience. With round-the-clock security and restricted access to the neighborhood, the estate provides its residents with a feeling of exclusivity and privacy.
Crown Estate is a close-knit neighborhood where people can create lasting connections and take part in a variety of social activities and events.
The Crown Estate lifestyle places a strong focus on open areas and the beauty of nature. The estate has a range of parks and recreational areas, including a central park with a lake and fountains, as well as several smaller parks and playgrounds scattered throughout the community.
Crown Estate places emphasis on accessibility and convenience, and this shows in the lifestyle of its residents.
The estate is situated on the Lekki Peninsula, one of Lagos’ wealthiest and fastest-growing neighborhoods.
It is also conveniently located near major highways and roads, making it simple to access other areas of the city.
Crown Estate offers a variety of amenities to fulfill the needs of its inhabitants. Inside the estate, there are a number of shopping malls, supermarkets, restaurants, and cafés serving a wide range of cuisines.
The estate is somewhat of a self-contained community, as it has all the amenities residents could possibly need, including medical facilities, schools, and other essential services.
Cost Of Living In Crown Estate
The cost of living in Crown Estate is generally higher than in other parts of Lagos due to the high-end nature of the estate and the premium facilities available to residents.
The cost of living in the Crown Estate varies depending on several factors, including the type of housing, the size of the property, and the amenities available.
A two-bedroom apartment at Crown Estate can cost between 2.5 million and 4 million per year to rent, while a three-bedroom apartment can cost between 3.5 million and 6 million per year.
Depending on the size and location of the property, the price to purchase a home in Crown Estate can range from 50 million to 300 million.
The cost of living in Crown Estate might also include expenses for utilities, groceries, and transportation in addition to housing prices.
A monthly transportation pass in Lagos can cost around ₦3,000 to ₦5,000, while groceries for a family of four can cost around ₦150,000 to ₦250,000 per month.
Utility bills, including electricity, water, and internet, can add up to ₦50,000 to ₦100,000 per month.
Pros and cons Of Living In Crown Estate
- Convenience: One of the major benefits of living in the Crown Estate is convenience. When choosing a place to live, one of the best decisions you can make is to pick a place where you can easily obtain necessities. This will make it simpler and more comfortable for you to live while still getting things done on schedule.
- Save more: Saving more money is an additional benefit of living in a location with easy access to everything. If you reside in Crown Estate, you won’t need to travel far or spend extra money on gas.
- Security: Crown Estate provides 24-hour security with trained personnel and secure gates, providing a safe and secure living environment.
- Prime Location: The Estate is situated in a prime location on the Lekki Peninsula, close to major business districts, shopping centers, and entertainment venues.
- Beautiful Scenery: Crown Estate is surrounded by greenery and waterways, offering stunning views of the Lagos Lagoon and the Atlantic Ocean. It is a very beautiful estate.
- Excellent Infrastructure: The estate has a well-maintained road network, reliable electricity supply, and access to high-speed internet, making it a convenient place to live and work.
- Recreational Facilities: Crown Estate features a range of recreational facilities, including a private beach, parks, playgrounds, and sports facilities.
- High Cost of Living: Living in Crown Estate can be expensive, with higher costs for housing, amenities, and services compared to other parts of Lagos.
- Traffic Congestion: Like many parts of Lagos, Crown Estate can experience heavy traffic congestion during peak hours, making it difficult to commute.
- Limited Housing Options: The estate has limited housing options, with most properties being luxury apartments, townhouses, or villas, which may not be affordable for everyone.
- Power Outages: Despite having a reliable electricity supply, Crown Estate can still experience power outages due to issues with the national power grid or local maintenance.
- Lack of Public Transport: Crown Estate does not have a well-developed public transport system, making it necessary to own a private vehicle or rely on ride-sharing services for transportation.
Investment Opportunities In Crown Estate
Crown Estate in Lagos, Nigeria, offers a range of investment opportunities for those interested in the real estate market.
The estate is a popular choice for real estate investment due to its prime location on the Lekki Peninsula, which is known for its rapid growth and development.
Some of the investment opportunities available in Crown Estate include:
1. Property purchase
Investors can buy residential or commercial buildings in Crown Estate, to generate income either through rental income or capital appreciation.
Also read: How To Start Investing In Rental Properties In 2023
The estate offers a variety of housing options, including apartments, townhomes, and detached homes, with different price points to suit various budgets.
2. Property development
For those with experience in property development, Crown Estate offers the chance to construct and market properties.
The estate has a high demand for modern, well-designed homes, and there is potential to make a good return on investment by developing properties that meet this demand.
3. Land acquisition
Investors can also acquire land in Crown Estate and hold it for future development or sell it at a later date.
Also read: Land Excision: Meaning, Risks, And Benefits (2023)
As the estate continues to grow and develop, land prices are likely to appreciate, making it a potentially lucrative investment.
4. Short-term rentals
With the estate’s proximity to popular tourist attractions, short-term rentals such as vacation rentals and serviced apartments can be a profitable investment option.
Crown Estate is a popular destination for visitors to Lagos, and investors can leverage this demand to generate rental income.
In conclusion, Crown Estate is a high-end residential estate on Lagos Island that offers a range of modern infrastructure and amenities to its residents, including quality education, and security.
The estate has a high property value, making it a desirable investment for those interested in real estate.
However, the high cost of living and limited availability of affordable housing make it inaccessible to some people.
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