Live Data Feed
Lekki Phase 1: • 669 listings tracked • Median rent ₦12.0M/yr • Yield 4.3%Chevron / Lekki: • 359 listings tracked • Median rent ₦7.0M/yr • Yield 3.9%Ikoyi: • 318 listings tracked • Median rent ₦40.0M/yr • Yield 2.7%Ajah: • 297 listings tracked • Median rent ₦3.6M/yr • Yield 2.6%Ikate: • 223 listings tracked • Median rent ₦12.8M/yr • Yield 5.8%Victoria Island: • 201 listings tracked • Median rent ₦30.3M/yr • Yield 5.0%Sangotedo: • 146 listings tracked • Median rent ₦4.5M/yr • Yield 3.8%Banana Island: • 143 listings tracked • Median rent ₦50.0M/yr • Yield 2.2%Lekki Phase 1: • 669 listings tracked • Median rent ₦12.0M/yr • Yield 4.3%Chevron / Lekki: • 359 listings tracked • Median rent ₦7.0M/yr • Yield 3.9%Ikoyi: • 318 listings tracked • Median rent ₦40.0M/yr • Yield 2.7%Ajah: • 297 listings tracked • Median rent ₦3.6M/yr • Yield 2.6%Ikate: • 223 listings tracked • Median rent ₦12.8M/yr • Yield 5.8%Victoria Island: • 201 listings tracked • Median rent ₦30.3M/yr • Yield 5.0%Sangotedo: • 146 listings tracked • Median rent ₦4.5M/yr • Yield 3.8%Banana Island: • 143 listings tracked • Median rent ₦50.0M/yr • Yield 2.2%
Scout
Scout.ngReal Estate Intelligence
Eti-Osa LGA · 359 active listings · high confidence

Chevron / Lekki

Lagos property intelligence · data as of 8 June 2026

Check a Property →
Median Sale₦180.0M
Median Rent/yr₦7.0M
Gross Yield3.9%
Net Yield-9.1%After Lagos Reality Factor
Market Insight

The most listed property class in Chevron / Lekki is the 4 bedrooms with 108 active listings. Median asking price is ₦205.0M. Median annual rent is ₦11.0M. That implies a gross yield of 5.4% before operating costs.

Historical Price Trend

Price Movement Over Time

Monthly median asking prices from 137 dated listings over 6 months

Median sale Median rent/yr
137 dated listings · 6 months
Breakdown by Class

Prices by Bedroom Count

147 sale + 195 rental listings

Studio

Median Sale Price

0 listings

Median Rent / Year

₦2.0M

7 listings

No sale data — yield unavailable

1-Bed

Median Sale Price

₦74.0M

10 listings

Median Rent / Year

₦2.7M

47 listings

Gross Yield3.6%

2-Bed

Median Sale Price

₦130.0M

25 listings

Median Rent / Year

₦7.3M

30 listings

Gross Yield5.6%

3-Bed

Median Sale Price

₦145.0M

26 listings

Median Rent / Year

₦7.5M

35 listings

Gross Yield5.2%

4-Bed

Most Listed

Median Sale Price

₦205.0M

52 listings

Median Rent / Year

₦11.0M

56 listings

Gross Yield5.4%

5-Bed

Median Sale Price

₦420.0M

31 listings

Median Rent / Year

₦15.0M

20 listings

Gross Yield3.6%

6-Bed

Median Sale Price

₦455.0M

2 listings

Median Rent / Year

0 listings

No rental data — yield unavailable

7-Bed

Median Sale Price

₦270.0M

1 listing

Median Rent / Year

0 listings

No rental data — yield unavailable
Aggregate View

Overall Market Summary

Aggregated across all property classes. The bedroom breakdown above is more useful for actual decision-making.

Median Sale (All)

₦180.0M

₦1.3M – ₦650.0M

Median Rent (All)

₦7.0M

₦350K – ₦25.0M

Gross Yield

3.9%

All classes combined

Net Yield

-9.1%

After Lagos Reality Factor

By Property Type

Prices by Property Type

Flats, duplexes, detached houses, and other property types compared.

TypeMedian SaleMedian Rent/yrGross YieldSaleRent
flat₦120.0M₦5.1M4.3%3050
other₦175.0M₦4.8M2.7%1642
duplex₦280.0M₦9.0M3.2%1623
studio₦2.4M09
terrace₦145.0M₦9.0M6.2%2221
detached₦360.0M₦14.0M3.9%4019
mini flat₦68.0M₦3.8M5.6%311
penthouse₦175.0M₦14.0M8.0%45
self contain₦1.6M011
semi detached₦195.0M₦11.0M5.6%1621
True Cost of Ownership

Lagos Reality Factor

Chevron / Lekki falls in the mid_range tier. These are the annual costs every landlord pays but no listing ever shows.

Diesel / Generator₦7.4M
Estate Service Charge₦1.6M
Management Fee (10%)₦700K
Maintenance Reserve (5%)₦350K
Total Annual Operating Costs₦10.1M

What this means: On a median rent of ₦7.0M/yr, these costs consume 144% of your gross rental income — reducing yield from 3.9% to -9.1%.

Common Questions

Chevron / Lekki Property FAQ

What is the average rent in Chevron / Lekki?

The median annual asking rent in Chevron / Lekki, Lagos is ₦7.0M, per Scout data as of 8 June 2026 (based on 212 rental listings).

What is the average property price in Chevron / Lekki?

The median asking sale price in Chevron / Lekki, Lagos is ₦180.0M, as of 8 June 2026 (based on 147 for-sale listings).

What is the rental yield in Chevron / Lekki?

Chevron / Lekki has an implied gross rental yield of 3.9%, or about -9.1% net after Lagos operating costs (diesel, service charge, management).

How many listings is the Chevron / Lekki data based on?

These figures are derived from 359 active public property listings in Chevron / Lekki, with outliers and duplicates removed (high confidence).

How to read this data: All prices are medians of current asking prices, broken down by bedroom count and property type so you compare like-for-like. Yields are implied from median asking prices and rents. Read our full methodology →