5-bedroom Detached House
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Property Description
5-Bedroom Detached House Central Lekki Residents Estate, Lekki Phase 1
420 SQM Land 430+ SQM Cumulative Floor Area C of O Title
₦850 Million ₦2.02 Million per SQM (Land)
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Property Overview
- Location: Central Lekki Residents Estate, Lekki Phase 1, Lagos.
- Land Size: 420 SQM.
- Floor Area: Approx. 430+ SQM (Ground, First, Penthouse floors).
- Title: Certificate of Occupancy (C of O).
- Asking Price: ₦850,000,000.
- Price per SQM (Land): ₦2,023,810.
- Status: Completed, fully detached luxury home.
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Key Highlights
- Premium Lekki Phase 1 Address: Central Lekki Residents Estate is a well-established, high-demand residential enclave within Lekki Phase 1, offering security, planned layout, and proximity to key amenities.
- Strong Title Security: C of O provides a bankable, transferable title---rare and highly valued in this corridor.
- Substantial Floor Area: 430+ SQM of developed space across three floors offers generous proportions for luxury living.
- Fully Loaded Specification: 5 ensuite bedrooms, gym, study, BQ, gatehouse, water gantry, and inverter room---no additional development cost.
- Immediate Occupation: Ready-to-move-in condition; ideal for discerning owner-occupier or high-yield corporate lease.
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Market Context
The asking price of ₦2.02 million per SQM (land) reflects the premium for a completed, C of O-titled luxury home in core Lekki Phase 1. Comparable vacant land in this micro-location currently trades between ₦1.8M--₦2.2M per SQM, while completed homes of this specification typically list between ₦900M--₦1.1B+.
This pricing positions the property competitively for a quick, distressed-motivated transaction, offering significant value relative to replacement cost.
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Property & Lifestyle Snapshot
- Configuration: 5 bedrooms all ensuite Living/dining Family lounge Anteroom Study Gym + bathroom Kitchen/store BQ Gatehouse Water storage & gantry Inverter
- Estate: Gated, secured, well-maintained infrastructure.
- Use Case:
- Owner-occupier: Premium family home with immediate possession.
- Investor: Strong rental potential to expatriate and C-suite tenants (projected yield: 6--9%).
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Ideal For: High-net-worth individuals, corporate executives, and discerning investors seeking a title-secure, move-in-ready luxury home in one of Lekki's most established estates---priced below current market replacement value.
Property Details
| Property Ref: 3338174 | Added On: 11 Feb 2026 | Last Updated: 11 Feb 2026 |
| Market Status: Available | Type: Detached Bungalow | Bedrooms: 5 |
Interesting Facts
Who'd have guessed that Lekki Phase 1, one of Lagos' most luxurious neighbourhoods, was formerly a slum?
Leisure and Shopping
There are several types of shopping malls in Lekki Phase 1 if you want to go shopping. Restaurants, game centres, retail boutiques, cinemas, and other amenities are available at some malls.
Popular Estates
Lekki Phase 1 is a prime location for luxury estates because it is a well-planned residential government scheme. There are a number of private estates within its walls. Almost all of them are gated to ensure the safety of their occupants.
Day Life
Due to Lekki's affluent residents, the area has a lot of social hotspots. Weekends are usually jam-packed with visitors from all over who want to unwind after a long week at work. If you're looking to have a great time in Lekki Phase 1, you're definitely covered.
Night Life
Do you want to chill with the ‘Lekki Big Boys & Girls’? Then go nighttime exploring in Lekki Phase 1. Lagos is known as the city that never sleeps, and the residents of Lekki understand the assignment. They are always willing to show up at the local bars and clubs.
Schools
Aside from entertainment and recreation, Lekki Phase 1 provides quality education to its residents. It is home to some of Lagos State's most prestigious schools.
Read the full area guide for Lekki Phase 1, Lekki, Lagos.
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Disclaimer
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No 60 Chris Idowu Street Ejigbo Isolo, Isolo, Lagos, Nigeria
0803 XXXX Show Phone
08036503218
Registered 6 months ago
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