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
Ibeju-Lekki LGA · 72 active listings · high confidence

Ibeju-Lekki

Lagos property intelligence · data as of 8 June 2026

Check a Property →
Median Sale₦80.0M
Median Rent/yr₦1.6M
Gross Yield2.0%
Net Yield-24.8%After Lagos Reality Factor
Market Insight

The most listed property class in Ibeju-Lekki is the 3 bedrooms with 28 active listings. Median asking price is ₦82.5M. Median annual rent is ₦3.0M. That implies a gross yield of 3.6% before operating costs.

Historical Price Trend

Price Movement Over Time

Monthly median asking prices from 8 dated listings over 2 months

Median sale Median rent/yr
8 dated listings · 2 months
Breakdown by Class

Prices by Bedroom Count

39 sale + 32 rental listings

1-Bed

Median Sale Price

₦48.5M

2 listings

Median Rent / Year

₦1.1M

14 listings

Gross Yield2.3%

2-Bed

Median Sale Price

₦72.5M

8 listings

Median Rent / Year

₦1.9M

8 listings

Gross Yield2.6%

3-Bed

Most Listed

Median Sale Price

₦82.5M

22 listings

Median Rent / Year

₦3.0M

6 listings

Gross Yield3.6%

4-Bed

Median Sale Price

₦82.5M

4 listings

Median Rent / Year

₦4.3M

4 listings

Gross Yield5.2%

5-Bed

Median Sale Price

₦150.0M

1 listing

Median Rent / Year

0 listings

No rental data — yield unavailable

12-Bed

Median Sale Price

₦60.0M

1 listing

Median Rent / Year

0 listings

No rental data — yield unavailable

34-Bed

Median Sale Price

₦80.0M

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)

₦80.0M

₦3.0M – ₦185.0M

Median Rent (All)

₦1.6M

₦450K – ₦4.5M

Gross Yield

2.0%

All classes combined

Net Yield

-24.8%

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₦100.0M₦2.1M2.1%510
other₦81.5M₦1.5M1.8%149
duplex₦4.5M01
terrace₦120.0M20
bungalow₦78.0M₦3.5M4.5%142
detached₦132.5M20
mini flat₦12.0M₦1.0M8.3%13
self contain₦950K06
semi detached₦112.5M₦4.5M4.0%21
True Cost of Ownership

Lagos Reality Factor

Ibeju-Lekki falls in the affordable tier. These are the annual costs every landlord pays but no listing ever shows.

Diesel / Generator₦9.9M
Estate Service Charge₦500K
Management Fee (10%)₦160K
Maintenance Reserve (5%)₦80K
Total Annual Operating Costs₦10.6M

What this means: On a median rent of ₦1.6M/yr, these costs consume 662% of your gross rental income — reducing yield from 2.0% to -24.8%.

Common Questions

Ibeju-Lekki Property FAQ

What is the average rent in Ibeju-Lekki?

The median annual asking rent in Ibeju-Lekki, Lagos is ₦1.6M, per Scout data as of 8 June 2026 (based on 32 rental listings).

What is the average property price in Ibeju-Lekki?

The median asking sale price in Ibeju-Lekki, Lagos is ₦80.0M, as of 8 June 2026 (based on 40 for-sale listings).

What is the rental yield in Ibeju-Lekki?

Ibeju-Lekki has an implied gross rental yield of 2.0%, or about -24.8% net after Lagos operating costs (diesel, service charge, management).

How many listings is the Ibeju-Lekki data based on?

These figures are derived from 72 active public property listings in Ibeju-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 →