5 bedroom detached bungalow for sale
Lekki Phase 1, Lekki, Lagos
5-bedroom detached house central lekki residents estate, lekki phase 1
420 sqm land 430+ sqm cumulative floor area c of o title
₦850 million ₦2.02 million per sqm (land)
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property overview
- location: central lekki residents estate, lekki phase 1, lagos.
- land size: 420 sqm.
- floor area: approx. 430+ sqm (ground, first, penthouse floors).
- title: certificate of occupancy (c of o).
- asking price: ₦850,000,000.
- price per sqm (land): ₦2,023,810.
- status: completed, fully detached luxury home.
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key highlights
- premium lekki phase 1 address: central lekki residents estate is a well-established, high-demand residential enclave within lekki phase 1, offering security, planned layout, and proximity to key amenities.
- strong title security: c of o provides a bankable, transferable title---rare and highly valued in this corridor.
- substantial floor area: 430+ sqm of developed space across three floors offers generous proportions for luxury living.
- fully loaded specification: 5 ensuite bedrooms, gym, study, bq, gatehouse, water gantry, and inverter room---no additional development cost.
- immediate occupation: ready-to-move-in condition; ideal for discerning owner-occupier or high-yield corporate lease.
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market context
the asking price of ₦2.02 million per sqm (land) reflects the premium for a completed, c of o-titled luxury home in core lekki phase 1. comparable vacant land in this micro-location currently trades between ₦1.8m--₦2.2m per sqm, while completed homes of this specification typically list between ₦900m--₦1.1b+.
this pricing positions the property competitively for a quick, distressed-motivated transaction, offering significant value relative to replacement cost.
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property & lifestyle snapshot
- configuration: 5 bedrooms all ensuite living/dining family lounge anteroom study gym + bathroom kitchen/store bq gatehouse water storage & gantry inverter
- estate: gated, secured, well-maintained infrastructure.
- use case:
- owner-occupier: premium family home with immediate possession.
- investor: strong rental potential to expatriate and c-suite tenants (projected yield: 6--9%).
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ideal for: high-net-worth individuals, corporate executives, and discerning investors seeking a title-secure, move-in-ready luxury home in one of lekki's most established estates---priced below current market replacement val...
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₦850,000,000
Ac Valour International
08036503218