Lekki Phase 1, Lagos: Comprehensive Area Guide

Did you know that Lekki phase 1 was formerly a slum called Maroko in the Eti-Osa local government area of Lagos state? It was redeveloped in the 1990s into a high-end area by the Lagos state government. Today, it stands as one of the most coveted areas for real estate investment in Nigeria.

Despite its status as a peerless real estate hub, there is still a lack of clear and structured information about Lekki Phase 1.

Sometimes, investors purchase landed properties without clarity on title documents, misjudging the actual value of properties due to inadequate local insights.

The real estate landscape in Lekki is very competitive and fast paced, yet many approach it without a comprehensive understanding of the area’s past, present, and future potential growth.

This guide will help you with all the essentials you need. From historical background, property types, lifestyle, and amenities, you’ll find everything you need to make informed decisions about living or investing in Lekki Phase 1.

A Brief History of Lekki Phase 1

The origins of Lekki Phase 1 trace back to Maroko, a densely populated slum in Eti-osa local government area. In July 1990, under the military government led by Colonel Raji Rasaki, Maroko was demolished, displacing approximately 300,000 residents. This was done to improve living conditions and prevent slum-related diseases, citing the area’s below sea level location as a health risk.

The transformation into Lekki Phase 1 involved significant urban planning and redevelopment, turning the area into a peerless location for investors and investments. As of today, It is referred to as “Small London” due to the upgraded living standards.

Lekki Phase 1 [Pulse]

Where Are The Best Areas to live In lekki

• Agungi: This is a residential area in Lekki phase 1. Its serene neighborhood possesses a few commercial hubs. The cost of living in Agungi is generally considered high due to its status as an elite residential area.
  
  The cost of renting an apartment in Agungi varies based on the facilities. To rent an apartment cost around NGN550,000 to NGN7,000,000/year. It’s also dependent on factors like housing preferences and family size.
  
  Agungi roads are motorable as the major roads are well laid out. However, the drainage is not well channeled.
  
  The power supply is good. The neighborhood has a low tendency for traffic even during rush hours. The estates in Agungi include Northern Foreshore, Friends Colony, Bakare Estate, Chevy View and Victory Park Estate. Security within these estates is top-notch notch as access to the estate is only granted based on invitation. There are many companies, schools, hospitals and worship centres in Agungi. Companies in this neighborhood include Institute of Strategic Management.
  
• Ikate: Ikate usually referred to as Ikate Elegushi, is a residential hub with a few commercial spheres. This luxury area has beautiful buildings and lovely ambience. Ikate Elegushi symbolizes luxury redefined. The road network, security and power supply in Ikate is good. The neighborhood is a local one. Elegushi has a traditional ruler who is Oba Saheed Ademola Elegushi. The traditional ruler is the youngest Oba in Lagos State. The neighborhood is serene and accessible.
  
  The cost of living in Ikate is also relatively high. For instance, a 2-bedroom apartment for rent is within the range of 4 million naira to 8 million naira per year. To buy a property in Ikate, it will cost around 160 million to 180 million naira.
  
  Highbury Heights Phase 1, a real estate development by Facibus Housing cost 180 million naira to purchase. It is located off freedom way Lekki.
  
  There are a number of companies, schools, hospitals and worship centres in this neighbourhood. The companies in Ikate Elegushi include; Wakanow, The Bespoke Center, and Gubtish Home Movers Lagos.
  
• Ikota: Ikota is a residential neighborhood in Lekki which is portioned into two, the hub of the affluent and the hub of the low-income earners. Major roads here are motorable and the power supply is good. For those who work in Lekki, living in Ikota is a plus because they will experience little or no traffic to and from work. The neighborhood is serene and highly accessible.
  
  The cost of living in Ikota, Lekki, Lagos, varies widely depending on lifestyle, housing type, and whether you’re renting or buying. Generally, expect to pay anywhere from ₦2.3 million to ₦35 million annually for rent, depending on the type and size of the property. For example, a 2-bedroom flat can range from ₦3,000,000 to ₦4,700,000 per year, while a 4-bedroom semi-detached duplex might be around ₦9,000,000 annually. 
  
  In Ikota, there are many companies, schools, hospitals and worship centres.
  
• Igbo-Efon: Igbo Efon, which can be found in the Eti-Osa local government area, is home to both indigenous and non-indigenous people who live there for economic and professional reasons. The relatively small neighborhood sits across the Lekki-Epe expressway from Idado. On a good day, the commute time from Igbo Efon to Victoria Island, Lagos, is only 15 minutes for those who work there.
  
  The exact date of Igbo Efon’s founding is unknown, but it was recognized as an autonomous community in 2017. The cost of living in Igbo-efon is moderately considerate and range between ₦4,000,00 to ₦3,000,000 per annum.
  
  Despite Igbo Efon’s shoddy roads, lack of essential social amenities, and clogged drains, the area’s middle and lower class Nigerians are quite content in their reasonably priced apartments.
• Jakande: Jakande Estate Lekki is a residential neighborhood in Lekki. The neighborhood is a fairly accessible and affordable one to live in. The road network is motorable but there are some potholes in the area. Jakande Estate boasts of a fair supply of power. The cost of renting an apartment in Jakande estate is more affordable than other areas in Lekki Phase 1.
  
  A one-bedroom apartment for rent can range from ₦1,600,000 to ₦3,000,000 per annum and shared apartments and studio flats can range from ₦3 million to ₦15 million per year, depending on location and amenities. 

Notable Schools In Lekki Phase 1

Notable school in Lekki Phase 1 Include:

• Lekki British School
• Chrisland College
• Down College
• Caleb International School
• Whitesands School
• Reet American School
• The White Dove School
• Victorian Height School
• Hampton Preparatory School
• Park British School
• Lekki City International College

List of Some Streets In Lekki Phase 1, Lagos

• Admiralty Way
• Aakintude A. Adeyemi Dr
• Aare Adedeji Okunubi St
• Abayomi Durosinmi-Etti St
• Abayomi Shonuga Cres
• Babafemi Osoba Cres
• Baderinwa Alabi St
• Bashorun R.I. Okusanya Ave
• Ben Okagbue Mba St
• Bertl Rd
• C & I Leasing Dr
• Canaanland St
• Chief Augustine Anozie St
• Chief Collins Uchidiumo St
• Chief Gbolahan Owolabi St
• Chief Hope Harriman St
• Chief M. I. Okoro Ave
• Chris Madueke Dr
• Lekki – Epe Expy
• Lekki – Ikoyi Link Bridge
• Lekki Enclave Rd
• Lekki Estate Rd
• Prince Adelowo Adedeji St
• Prince Bode Adebowale Cres
• Princess Folashade Ojutalayo Cl
• Professor Gabriel Olusanya St
• Professor Kiumi Akingbehin St
• Professor Olagoke Olabisi St
• QMB Builder’s Mart Rd

Conclusion

Lekki Phase 1 is a thriving community that offers a unique mix of residential serenity and urban vibrancy. Each street has its own character and charm.

It caters to families, professionals, and investors alike. The area’s strategic location, proximity to key amenities, and ongoing infrastructural development make it a prime choice for those looking for a dynamic lifestyle. It has solidified its place as a cornerstone of Lagos real estate and cultural landscape.

If you are looking to move to Lekki, let this be your guide to discovering a vibrant, upscale neighborhood.

Frequently Asked Questions About Lekki Phase 1

1. How Much to Rent a House In Lekki Phase 1?
   The cost of renting a house in Lekki depends on lifestyle, housing choice, and preference.

2. How Much Does it Cost to Buy an Apartment in Lekki Phase 1?
It cost around ₦75,000,000 to ₦300,000,000 to purchase an apartment in Lekki

3. What Is the Difference Between Lekki Phase 1 and Lekki Phase Two?

The major difference between is that Lekki phase 1 is already an established residential and commercial area while Lekki Phase Two is a new and developing area which is still evolving.

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