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*OFF-PLAN INVESTMENT: FELELE STUDENT HOSTEL, IBADAN
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*16 Units C of O + Approved Drawings 2 Mins to Lagos-Ibadan Expressway*
*PROJECT OVERVIEW:
Modern residential development of 6 units of 1-Bedroom Apartments designed for hostel accommodation. Prime location for student rental yield.
*LOCATION:*
*Akoredele Layout, Close to Scrolab Hotel, Felele, Ibadan, Oyo State*
1. *2 mins drive* to Lagos-Ibadan Expressway, Felele Junction
2. *5 mins drive* to Lead City University - High tenant demand
3. Neighborhood secured by *Amotekun Operatives, Oyo State*
*TITLE & DOCUMENTS:
*Certificate of Occupancy Registered Deed of Assignment Approved Building Drawings*
Bankable title. Lawyer-verify documents.
*CONSTRUCTION UPDATE:
*Current Stage: Approaching First Decking/Concrete Slab
*Completion Date: 28th February 2026
_Buy at slab stage = Lock pre-completion pricing + higher equity gain_
*UNIT TYPES & PRICING:
One-Bedroom Apartment- ₦30,000,000/unit - 6 units available
*PROJECTED ANNUAL RENTAL INCOME*
*1-Bedroom Apartment:* ₦1,000,000 - ₦1,200,000/unit/year
_Strong ROI potential with Lead City University proximity_
*FACILITIES & ATTRACTIONS*
1. *Parking:* Space for ∼10 cars
2. *Water:* Functional borehole + overhead tank + standby generator for pumping
3. *Power:* Shared 1-phase prepaid meter for 2 apartments / 3-phase for 4 apartments
4. *Security:* Double-leaf vehicular metal gates + Amotekun patrol
5. *Finishes:* HDF plywood-made wardrobe in every room and HDF plywood-made floor and wall unit cabinets in every kitchen
6. *Design:* Courtyard for illumination + ventilation
*FLEXIBLE PAYMENT PLAN
*60% Upfront - Secure unit + sign contract
*40% Balance - On completion, 28th Feb 2026
*WHY INVEST OFF-PLAN NOW?
1. *High Demand: Student housing deficit around Lead City University
2. *Price Arbitrage: Buy at slab stage, sell/rent at completion premium
3. *Passive Income: ₦7M - ₦8M + ₦6M - ₦7.2M = ₦13M - ₦15.2M annual gross rent on full occupancy
4. *Limited Units: Only 16 units total. Early investors get choice units
Limited to 16 units. Early commitment advised. Site inspection available daily.
| Property Ref: 3535419 | Added On: 20 Jun 2026 | Last Updated: 20 Jun 2026 |
| Market Status: Available | Type: Mini Flat (Room and Parlour) | Bedrooms: 1 |
| Bathrooms: 1 | Toilets: 2 | Parking Spaces: 1 |
Ibadan's intriguing facts highlight its historical importance as the home to Nigeria's oldest university town. Renowned as the "City of Brown Roofs," it boasts a captivating skyline adorned with roofs of reddish-brown hues. Additionally, Ibadan played a pivotal role in the cocoa revolution, and remnants of ancient city walls stand as testaments to its storied past. The city thrives on vibrant cultural festivals and features remarkable landmarks such as the iconic Bower's Memorial Tower.
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During the day, Ibadan comes alive with a vibrant atmosphere, offering a wide range of restaurants, family-friendly attractions, and interesting establishments. You can explore various dining options, including Mauve 21, and enjoy family outings at popular places like Agodi Gardens and the University of Ibadan Zoo. Additionally, you'll find shopping centers like Heritage Mall, providing ample opportunities for dining, entertainment, and delightful experiences with your loved ones.
Read the full area guide for Ibadan, Oyo.
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