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Why this property is valued at ₦1 Billion
Prime Address -- Ikeja GRA
1) Ikeja GRA is one of Lagos' most exclusive and tightly held residential districts. Property supply here is extremely limited, while demand from executives, expatriates, and corporate tenants remains consistently high.
2) Land Value Dominance
A significant portion of the price reflects land value alone. In Ikeja GRA, serviced residential land trades at premium rates due to location, infrastructure, and zoning restrictions. Replacement cost today would be substantially higher.
3) Architectural & Construction Quality
This is a purpose-built luxury residence, not a speculative build. The design, structural integrity, finishing quality, spatial planning, and mechanical installations are executed to premium standards suitable for long-term ownership.
4) Low-Density, Secure Living
Being within a gated estate offers controlled access, enhanced security, and environmental order---key considerations for high-net-worth buyers.
5) Luxury Lifestyle Components
Features such as a swimming pool, spacious en-suite rooms, high ceilings, fitted kitchen, sound systems, and ample parking position the home firmly in the luxury residential category, not mid-market housing.
Title Security
The presence of Deed, Survey, and Global Certificate of Occupancy significantly reduces legal risk and enhances the property's institutional value and bankability.
Investment & Ownership Potential
Strong Capital Appreciation
Properties in Ikeja GRA historically appreciate steadily due to limited supply and zoning controls. Over time, well-built homes in this axis tend to outperform broader residential markets.
High Rental Yield Potential
The property is suitable for:
Corporate leases
Expatriate tenants
Diplomatic or executive residences
Annual rental values in Ikeja GRA justify the capital outlay for income-focused buyers.
Long-Term Asset Preservation
This is the type of asset that holds value across market cycles. Even in slow markets, premium properties in prime GRAs remain liquid compared to secondary locations.
Legacy & Prestige Ownership
Beyond returns, ownership in Ikeja GRA carries status, security, and generational value---qualities that cannot be replicated in emerging locations.
Summary
This property is priced at ₦1 Billion not just for the building itself, but for location security, land scarcity, construction quality, legal certainty, and long-term value preservation. It is suited for buyers who think in terms of asset quality and future value, not just initial cost.
| Property Ref: 3262683 | Added On: 21 Dec 2025 | Last Updated: 21 Dec 2025 |
| Market Status: Available | Type: Detached Duplex | Bedrooms: 5 |
| Bathrooms: 5 | Toilets: 6 | Furnishing: Furnished |
Surprisingly, Ikeja GRA was designed for residential life but has since become very commercialised. A lot of the "old monies" of Lagos’ mainland still live in Ikeja GRA, and yes, they still golf at the Ikeja Golf club. Lagos has many government buildings and offices. Many government executives picked Ikeja GRA because of its convenient commute. Ikeja GRA is one of Lagos's safest areas due to the government's presence.
Ikeja GRA has all the amenities its inhabitants need, so they never have to leave their comfort zone. Marriott, Radisson Blu, and BON Hotel Ikeja are nearby hotels. Prince Ebeano supermarket and pharmacy has all your normal and hard-to-find groceries.
Ikeja GRA has a lot of beautiful and well-constructed estates with great ambience and value for every dime spent to either rent or buy a house in the area. Some of the popular estates in Ikeja GRA include Orchid court, Millennium estate, Integrity Estate, Lonens Gardens, Greenlife Estate, Grapevine Estate, and Peace Court, amongst others.
Ikeja GRA is an area always bustling with activities at any time of the day. One does not have to travel far to the Island to unwind as they are all available in Ikeja GRA. Ikeja GRA has places like Ocean basket, Jevinik Place, La Mango Restaurant and Lounge, The Place, Metro Park, and The Orchid Bistro.
Nightlife in Ikeja GRA comes alive with top nightclubs like Rumors Night Club, Cubana Night Club, The Crescendo Lounge and Bar, Pose 24/7 Club, Sandra’s bar, and The Cave nightclub among others
Education is a set of activities that are meant to help people reach certain goals, like passing on knowledge, skills, and character traits. In a bid to achieve these goals for the residents of Ikeja GRA, a lot of schools, government and private, including missionary and Islamic-inspired schools, were established within Ikeja GRA so residents wouldn't have to cross Ikeja GRA to be schooled. These schools have international recognition and operate at high standards.
Read the full area guide for Ikeja GRA, Ikeja, Lagos.
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