Many people find living in an estate more convenient and low maintenance in comparison to a single home, apartment, or other housing options.
But buying property in an estate, especially an exclusive one, comes at a cost that may not be affordable for most people.
Lekki Gardens Estate is one of the most expensive residential estates in Lagos, Nigeria.
With its modern amenities, strategic location, and range of housing options, the estate has become a popular choice for people looking for high-quality and secure housing.
However, as with any real estate investment, it’s important to thoroughly evaluate the estate before making a decision to purchase or rent.
In this article, we will be taking a look at one of the popular estates in Lagos; the Lekki Gardens estate.
- Overview Of Lekki Gardens Estate
- Location And Accessibility Of Lekki Gardens Estate
- Infrastructure And Amenities Of Lekki Gardens Estate
- Housing Options In Lekki Gardens Estate
- Real Estate Market In Lekki Gardens Estate
- Lifestyle and Community in Lekki Gardens Estate
- Education In Lekki Gardens Estate
- Investment Opportunities In Lekki Gardens Estate
- Cost Of Living In Lekki Gardens Estate
- Lekki Gardens Estate House Listings
- Related Posts
Overview Of Lekki Gardens Estate
Lekki Gardens Estate is a residential real estate development in Lagos, Nigeria.
It is located in the Lekki Peninsula area, which is an affluent neighborhood that is rapidly growing and has become popular for its luxury housing developments, shopping malls, and entertainment centers.
Lekki Gardens Estate comprises several gated communities, each with its own set of amenities such as swimming pools, playgrounds, basketball courts, and green areas.
The estate is known for its well-maintained infrastructure, high level of security, and serene environment.
The estate has attractive, well-kept surroundings that are visually appealing.
The estates were built between 2012 and 2015, and the homes were offered using a pay-then-build strategy, whereby interested parties made their initial payments and received their homes within two years.
The estate offers a range of housing options, including flats, terraces, and detached houses.
The units are designed to cater to a variety of tastes and budgets, from affordable starter homes to luxurious mansions.
The estate is also known for its flexible payment plans, which make it possible for individuals to own a home without having to pay a large sum upfront.
There are a few noticeable cracks and fissures in some properties, even on the ground floor of duplexes, raising concerns about the buildings’ structural stability. However, there have been no major incidents so far.
The estates have strict security measures and a tight admission policy.
This restricts nonresidents from entering the estate, guests must first phone their host to arrange entry.
The estate has a central management organization that oversees garbage management, environmental cleanup and upkeep, and the continuous supply of water and electricity.
Location And Accessibility Of Lekki Gardens Estate
Lekki Gardens Estate is a well-located and accessible neighborhood in Lagos, which makes it attractive to both residents and investors. It is specifically located in Eti-Osa Local Government Area in Lagos State, Nigeria. If you are in areas near Lekki Garden Estate, click here to locate your surroundings.
It is situated in Lekki Peninsula, along the Lekki-Epe Expressway, which is one of the major roads connecting Lekki to other parts of Lagos.
The estate is also located near the Lekki Free Trade Zone, a special economic zone that has attracted a significant amount of investment in recent years.
In terms of accessibility, Lekki Gardens Estate is easily accessible from different parts of Lagos.
It is about a 20-25 minutes drive from Victoria Island, Ikoyi, and other upscale neighborhoods on Lagos island.
The estate is also close to basic amenities and commercial businesses, such as the Lekki Mall and Novare Mall, which offer a wide range of shopping, dining, and entertainment options.
Although most residents of Lekki gardens estate mostly make use of private vehicles for transportation, public transportation is readily available for residents of the estate.
There is a range of options including buses, taxis, and ride-hailing services such as Uber and Bolt.
The Lekki Phase 1 bus stop is located nearby, making it easy to connect to other parts of Lagos by public transportation.
Infrastructure And Amenities Of Lekki Gardens Estate
Lekki Gardens Estate is known for its high-quality infrastructure and amenities, which contribute to the overall comfort and convenience of its residents.
Here are some of the key features and facilities of the estate:
1. Roads and Electricity Supply
Lekki Gardens Estate has a good road system with well-paved, interlocked roads and a reliable electricity supply. The electricity in this estate is provided by the national power grid.
Electricity is available on the estate from 5 p.m. to 9 a.m. on weekdays and for about 20 hours on weekends thanks to a central power generation unit.
Residents are also allowed to use private generators or inverters as alternative power sources.
This ensures that residents have access to the constant power supply and can move around the estate with ease.
2. Water Supply and Sewage System
The estate has a reliable water supply system that provides clean and potable water to all residents.
Additionally, the estate has a well-maintained sewage system that ensures the efficient disposal of waste and promotes good sanitation practices.
The estate management authority is in charge of street cleaning, watering and pruning flowers, and garbage management within the estate.
Residents will, however, have to pay for the utilities provided by the estate.
3. Recreational Facilities
Lekki Gardens Estate offers a range of recreational facilities for residents, including parks, playgrounds, and sports fields.
These facilities are well-maintained and provide residents with opportunities for outdoor activities and social interaction.
The estate has a very strict security system that includes surveillance cameras, security personnel, and access control measures.
There are armed security guards at the entrance of the estate and strict access restrictions.
Non-residents are not allowed onto the premises unless there is confirmation from the resident host.
This ensures the safety and security of residents and their property.
5. Shopping and Dining
Lekki Gardens Estate is located close to several supermarkets, fast food restaurants, shopping centers, and restaurants, such as the Lekki Mall and Novare Mall.
These offer a wide range of shopping, dining, and entertainment options for residents.
6. Public Amenities
Lekki gardens estate has basic amenities that residents might need either inside the estate or nearby.
There are health facilities, banks, and schools, among others.
Housing Options In Lekki Gardens Estate
There are various housing options available in Lekki gardens estate to suit the needs of a range of people.
Even though the majority of the homes in this estate are pricey, there are a number of plans available to help those with average incomes buy their ideal homes.
Installment payment plans are available for home fees.
Yet, this fact has no impact on the caliber of the houses or other properties that are offered in this estate.
The housing options available in Lekki Gardens Estate vary in size, style, and price, and there is something to suit every budget and lifestyle.
Some of the housing options available include detached houses, semi-detached duplexes, flats or apartments, duplexes, and terraced houses.
Detached houses are standalone houses that are not attached to any other building.
They are typically larger in size than attached buildings and apartments and offer more privacy.
Semi-detached houses, on the other hand, are attached to another house on one side. They are typically smaller in size than detached houses but are still ideal for smaller families.
Terraced houses are a more affordable housing option. They are houses attached to each other in a row. They are smaller in size and offer less privacy. Apartments are more suitable for individuals but can suit a small family. They are multi-unit buildings with several floors. and amenities such as security, a swimming pool, a gym, etc.
Duplexes are the best option for larger families. These are two-story buildings with separate entrances for the ground and upper floors. They offer more privacy and space than apartments. However, they are typically more expensive than other housing options.
Real Estate Market In Lekki Gardens Estate
The real estate market in Lekki Gardens Estate is quite active and competitive. It is a popular residential area in Lagos, Nigeria, and has experienced significant growth in recent years due to its strategic location, modern amenities, and high-quality housing options. It is a good option for investors as it is one of the desirable estates in Lagos state.
The real estate market in Lekki Gardens Estate is relatively stable as the demand for housing has remained high, particularly for newly built properties.
The variety of housing options available to cater to a range of budgets and preferences makes the estate more flexible to accommodate different demographics.
Also read: Top 20 Real Estate Marketing Ideas To Increase Sale In 2023
The cost of properties in Lekki Gardens Estate varies depending on the type of property, location, size, and level of finishing. Generally, properties in this estate are relatively expensive compared to other areas in Lagos due to the high demand and limited supply.
The real estate market in Lekki Gardens Estate is quite competitive, and buyers and investors are advised to work with reputable real estate agents who have extensive knowledge of the area to get the best deals.
It is also important to carry out due diligence and ensure that all necessary property documentation such as certificate of occupancy, deed of assignment, and legal requirements are met before purchasing any property in the estate.
Lifestyle and Community in Lekki Gardens Estate
The lifestyle of the estate’s residents is that of style and luxury.
Lekki Gardens Estate offers a comfortable and secure lifestyle with a range of amenities and facilities that cater to the needs of its residents.
The estate is well-landscaped with manicured lawns, trees, and flowers, which add to the beauty and ambiance of the environment.
The environment is very clean and serene with a good amount of vegetation used to beautify the roads and the front of the buildings.
The estate has recreational facilities such as a swimming pool, gym, tennis court, basketball court, children’s play area, and a clubhouse.
Also read: Top 20 Most Beautiful Houses In Lagos
These facilities provide opportunities for residents to socialize and engage in leisure activities.
They also host community events such as holiday parties, festivals, and other social gatherings, which provide opportunities for residents to meet and interact with their neighbors.
The residents of Lekki gardens estate are pleasant but tend to keep to themselves. There isn’t much socializing but there is still a sense of community.
The estate has a high level of security with 24-hour surveillance, armed guards, and CCTV cameras. This guarantees the safety and security of residents and their properties.
Education In Lekki Gardens Estate
Lekki Gardens Estate has a range of educational institutions that offers a range of educational options that cater to the needs of students at different levels.
The schools in the estate have a reputation for academic excellence and offer a range of facilities and extracurricular activities that promote holistic development.
Residents of the estate have easy access to these schools thereby providing access to high-quality education.
Here are some of the educational options available in the estate:
- Lekki British International School: This is a private co-educational school that offers the British National Curriculum to students from Nursery to A-levels. The school has a reputation for academic excellence and offers a range of extracurricular activities.
- Greensprings School: This is a private school that offers British and Nigerian curricula to students from Nursery to Year 13. The school has a range of facilities such as a library, science laboratories, and a sports complex.
- Corona Schools: Corona Schools is a group of private schools that offers British and Nigerian curricula. The schools provide a range of facilities such as a library, science and computer laboratories, and a sports complex.
- Early Years Montessori School: This is a private school that offers a Montessori-based curriculum to children between the ages of 2 and 6. The school has a range of facilities such as a library, music room, and outdoor play area.
Investment Opportunities In Lekki Gardens Estate
Lekki Gardens Estate is a rapidly growing and developing community, and there are several investment opportunities available for individuals and businesses.
Here are some investment opportunities in Lekki Gardens Estate:
1. Real Estate Investment
Real estate is a popular investment option in several parts of Lagos.
Lekki Gardens Estate is one of the most sought-after areas in the real estate industry, with a range of properties available for purchase.
Investing in real estate in this estate can yield high returns on investment, especially if the property is in a prime location and well-maintained.
Also read: How To Start Investing In Rental Properties In 2023
You could invest in a house/apartment, land, commercial building, or real estate investment trust (REIT).
Investing in a house in the Lekki gardens estate is a very good investment plan, your property is sure to appreciate after a couple of years and you can rent out the house to tenants for a steady stream of rental income.
2. Residential Rental Income
This is more like a continuation of the first point but not quite. The estate has a high demand for rental properties, and investing in rental properties specifically can provide a steady stream of income for investors.
Lekki Gardens Estate has a variety of housing options available, including apartments, duplexes, and standalone houses.
Apartments, flats, and duplexes are popular rental options in the estate. You can purchase any of these types of houses and lease them out.
3. Commercial Properties
There is a growing demand for commercial properties such as office spaces, co-working spaces, retail shops, and warehouses in Lekki Gardens Estate. Investing in commercial properties can yield high returns on investment.
4. Hospitality Industry
Investing in the hospitality industry is also a good investment plan if you are interested in owning hotels, restaurants, and other businesses that cater to travelers and tourists.
5. Retail Business
Starting a retail business is also a smart investment plan. There are not a lot of retail businesses such as supermarkets, convenience stores, and pharmacies in Lekki Gardens Estate so the demand for them is quite high.
Investing in retail businesses can provide a steady stream of income for real estate investors.
Cost Of Living In Lekki Gardens Estate
The cost of living in Lekki Gardens Estate can vary depending on several factors such as housing, transportation, food, and entertainment.
However, Lekki Gardens Estate is generally considered an upscale area, and as such, the cost of living can be relatively high compared to other areas in Lagos, Nigeria.
Housing is the most significant contributor to the cost of living in Lekki Gardens Estate, as the area boasts some of the most luxurious homes in Lagos.
The cost of renting a one-bedroom apartment can range from N500,000 to N1,500,000 per year, while a four-bedroom house can cost upwards of N10,000,000 per year.
Property purchase prices are also relatively high, with some properties costing tens of millions of naira.
Transportation costs in Lekki Gardens Estate can also be relatively high, especially for private transportation.
The cost of petrol is generally higher in Nigeria than in many other countries, which can contribute to higher transportation costs.
However, the area is well-served by public transportation, including buses and taxis, which can be more affordable options.
Food and entertainment costs in Lekki Gardens Estate can vary depending on individual preferences.
The area has a range of restaurants and entertainment options, catering to a diverse range of tastes and budgets.
Lekki Gardens Estate House Listings
There are various houses listed for sale in Lekki Gardens, the majority of which are 3-bedroom apartments that range from 40 million to 65 million naira. There are also lots of lands available for sale.
Visit PropertyPro to view various houses and lands for sale in Lekki Gardens Estate.
In conclusion, whether you are looking to invest or live in the Lekki gardens estate, it is a good choice.
It is a prime destination for real estate investment as well as a secure and affluent lifestyle in Lagos, Nigeria. It has modern infrastructure, top-notch security, and a range of amenities that cater to the needs of its residents and visitors.
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