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Where Comfort Meets Cashflow --- Invest Smart in Oniru
Picture this: a spacious 2-bedroom apartment in the heart of Oniru, crafted for comfort and designed for returns. With its modern finishing, family lounge, fitted kitchen, balcony, and access to a pool, gym, and elevator --- this is more than a home; it's an income-generating asset.
Now let's talk numbers;
Shortlet Potential
At ₦200K--₦230K per night, even with 50--60% occupancy, that's about ₦30M--₦38M yearly.
At that rate, your ₦305M investment could break even in 8--10 years --- faster if you manage occupancy efficiently or scale across units.
Annual Lease Option
Prefer stable cashflow? Current Oniru rates sit around ₦10M--₦15M per year, giving you consistent returns while the asset appreciates.
For the 1-Bedroom unit (₦190M), shortlet yields between ₦130K--₦170K per night, bringing ₦18M--₦25M yearly, and a break-even of about 8--10 years too --- with less management intensity.
Whether you're after high-yield shortlets or steady annual leasing, this Oniru development offers dual investment flexibility, strong capital growth, and the kind of finishing that keeps your space booked and in demand.
Luxury meets logic --- that's the power of investing right.
DM to book a viewing or request our investor breakdown.
| Property Ref: 3181198 | Added On: 02 Nov 2025 | Last Updated: 02 Nov 2025 |
| Market Status: Available | Type: Flat / Apartment | Bedrooms: 2 |
| Bathrooms: 2 | Toilets: 2 |
You might be wondering if Victoria Island is an actual island based on its name. No, it is not right now, but it used to be.
Victoria Island was once completely surrounded by water until the colonial government sand-filled the eastern part to prevent mosquito breeding in the swampy area. It ended up with land areas connecting Victoria Island to Lekki Peninsula after it was sand-filled.
Victoria Island is home to the SPAR shopping mall, which is a one-stop shop for all of your retail needs. Goodies Supermarket is another well-stocked supermarket that sells a wide variety of items such as beverages, cosmetics, wine, toys, and so on. Other shopping options include Mega Plaza, Hubmart Store, Landmark Boulevard, XYLO, and Bijoux Mall.
1004 Estate, the current largest single luxury high rise estate in Sub-Saharan Africa, is located on Victoria Island.
1004 Housing Estate is an 11-hectare housing estate with over 1000 apartments that was originally owned by the Federal Government before being purchased by private investors in 2007. The estate is located in the business and recreational district of Victoria Island.
There are four swimming pools on the estate for relaxation, as well as tennis courts for sports enthusiasts. The estate is also secure, and power is always available.
Known for being an entertainment hub, Victoria Island has numerous places to hang out, eat, chill and have a great time.
Silverbird and Filmhouse cinemas are recommended for moviegoers. Oniru Beach, located on Victoria Island, is one of the most popular beaches in Lagos. Ocean Basket is the Mediterranean's seafood mecca. The Red Door Gallery is a must-see for art enthusiasts. It can be found within the Silverbird Galleria.
Kappadocia Lagos is Lagos' first and only cave restaurant. The architectural design creates the illusion that you are in a cave.
In Victoria Island, the night is always young. Get your dancing shoes on and choose from any of the bubbling spots to experience the nightlife here.
If you live in Lagos, you have probably heard of Club Quilox. This is one of the hottest clubs in Lagos, and many celebrities frequent it.
Othello's Lounge is located in the heart of Victoria Island. Here you can get reasonably priced drinks and chops.
At LiVE! Lounge, you can expect to see live bands, karaoke, and comedy nights. They have both indoor and outdoor seating options, depending on your preference.
If you live on Victoria Island, you will not have to look far for good schools. American International School of Lagos is an international school that serves students from preschool to grade 12. Boston Academy, Crescent Schools, Cranberry School, White Oak Preparatory School, and Kuramo College are also popular primary and secondary schools. The Nigerian Law School and the Now Open University are also located on Victoria Island (NOUN).
Read the full area guide for Victoria Island (VI), Lagos.
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