Houses in Nigeria: Sunshine Estate, Oko Oba Scheme, Lagos

Sunshine Estate sits side by side with Maplewood Estate along the new Oko-Oba road in. While plots of land in Maplewood Estate were sold to private individuals for development, houses in the Sunshine Estate were built by the Lagos State Government About 4 or 5 years ago, and then sold to private individuals. Only blocks of 6 nos three bedroom flats were built in the estate.

As at the time the houses were sold, each unit of flat in the estate went for about N7million, however, each of the flats on the resale market currently sells for between N15 million and N17 million.

As for rent, initially, each unit in the estate rented for between N150,000 and N200,000. But now, a unit in the estate rents for between N350,000 and N400,000.

One of the major reasons why the estate is highly sought by prospective homeowners is the fact that infrastructure in the estate is excellent. The roads are tarred, there is a collective water scheme in the estate, and there are car parks to accommodate at least 2 cars in each of the units in the block. Security in the estate is top-notch, while the estate’s residential association has also made extra effort to beautify the estate through the planting of flowers and beautiful landscaping works.

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