This is an estate on the new Oko Oba road developed by the Lagos State Ministry of Housing about 7 years ago as part of it’s low cost housing scheme around the state.
The estate consists of 2 blocks of sixteen and twelve 2 bedroom flats. Currently, each of the units sells for between N5.5 million and N6 million, as against N2 million and N2.5 million some 2 years ago.
In terms of rent, each unit in the estate rents currently for between N250,000 and N300,000 as against N100,000 and N150,000 two years ago.
The estate has good infrastructure. The roads within it are tarred and the drainage is good. However, potable water is sourced privately by estate residents and electricity is public supply dependent.
Security within the estate is also good. The estate is completely fenced and security operatives guard the entrance.
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I hope housing would be cheaper in Nigeria unlike Laguna Beach Real Estate although latter is in the category of the luxury but the story is not different for other accommodations here as well.
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Great to live in Nigeria. Hope one day I can visit there.
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