Eti-Osa LGA · 552 active listings · high confidence

Lekki Phase 1

Real estate intelligence — verified weekly from active listings

Median Sale₦270.0M

Median Rent/yr₦11.0M

Gross Yield4.1%

Net Yield-5.7%After Lagos Reality Factor

Market Insight

The most listed property class in Lekki Phase 1 is the 2 bedrooms with 134 active listings. Median asking price is ₦240.0M. Median annual rent is ₦14.5M. That implies a gross yield of 6.0% before operating costs.

Historical Price Trend

Price Movement Over Time

Monthly median asking prices from 203 dated listings over 6 months

Listing volume by month

Breakdown by Class

Prices by Bedroom Count

265 sale + 271 rental listings

Studio

Median Sale Price

₦66.5M

4 listings

Median Rent / Year

₦3.3M

9 listings

Gross Yield5.0%

1-Bed

Median Sale Price

₦140.0M

25 listings

Median Rent / Year

₦5.0M

60 listings

Gross Yield3.6%

2-Bed

Most Listed

Median Sale Price

₦240.0M

78 listings

Median Rent / Year

₦14.5M

56 listings

Gross Yield6.0%

3-Bed

Median Sale Price

₦323.5M

60 listings

Median Rent / Year

₦15.0M

52 listings

Gross Yield4.6%

4-Bed

Median Sale Price

₦350.0M

63 listings

Median Rent / Year

₦15.0M

69 listings

Gross Yield4.3%

5-Bed

Median Sale Price

₦450.0M

32 listings

Median Rent / Year

₦25.0M

23 listings

Gross Yield5.6%

6-Bed

Median Sale Price

₦600.0M

3 listings

Median Rent / Year

₦35.0M

2 listings

Gross Yield5.8%

Aggregate View

Overall Market Summary

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

Median Sale (All)

₦270.0M

₦1.2M – ₦740.0M

Median Rent (All)

₦11.0M

₦100K – ₦40.0M

Gross Yield

4.1%

All classes combined

Net Yield

-5.7%

After Lagos Reality Factor

By Property Type

Prices by Property Type

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

Type	Median Sale	Median Rent/yr	Gross Yield	Sale	Rent
flat	₦237.5M	₦11.0M	4.6%	100	78
other	₦280.0M	₦12.0M	4.3%	49	66
duplex	₦375.0M	₦15.0M	4.0%	13	17
studio	₦70.0M	₦3.5M	5.0%	5	13
mansion	₦290.0M	—	—	4	0
terrace	₦175.0M	₦10.0M	5.7%	30	35
bungalow	—	₦20.0M	—	0	1
detached	₦425.0M	₦22.0M	5.2%	22	17
mini flat	₦150.0M	₦5.5M	3.7%	4	17
penthouse	₦380.0M	₦19.0M	5.0%	13	10
self contain	₦260.0M	₦1.7M	0.7%	1	9
semi detached	₦260.0M	₦18.0M	6.9%	26	22

True Cost of Ownership

Lagos Reality Factor

Lekki Phase 1 falls in the premium tier. These are the annual costs every landlord pays but no listing ever shows.

Diesel / Generator₦20.7M

Estate Service Charge₦4.0M

Management Fee (10%)₦1.1M

Maintenance Reserve (5%)₦550K

Total Annual Operating Costs₦26.3M

What this means: On a median rent of ₦11.0M/yr, these costs consume 240% of your gross rental income — reducing yield from 4.1% to -5.7%.

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 →