Lekki Phase 2
Lagos property intelligence · data as of 8 June 2026
The most listed property class in Lekki Phase 2 is the 4 bedrooms with 13 active listings. Median asking price is ₦130.0M. Median annual rent is ₦12.0M. That implies a gross yield of 9.2% before operating costs.
Prices by Bedroom Count
12 sale + 23 rental listings
1-Bed
Median Sale Price
₦80.0M
1 listing
Median Rent / Year
₦4.3M
2 listings
2-Bed
Median Sale Price
₦92.0M
3 listings
Median Rent / Year
₦2.5M
3 listings
3-Bed
Median Sale Price
—
0 listings
Median Rent / Year
₦10.8M
6 listings
4-Bed
Most ListedMedian Sale Price
₦130.0M
1 listing
Median Rent / Year
₦12.0M
12 listings
5-Bed
Median Sale Price
₦350.0M
7 listings
Median Rent / Year
—
0 listings
Overall Market Summary
Aggregated across all property classes. The bedroom breakdown above is more useful for actual decision-making.
Median Sale (All)
₦260.0M
₦80.0M – ₦650.0M
Median Rent (All)
₦9.3M
₦1.7M – ₦17.0M
Gross Yield
3.6%
All classes combined
Net Yield
-5.6%
After Lagos Reality Factor
Prices by Property Type
Flats, duplexes, detached houses, and other property types compared.
| Type | Median Sale | Median Rent/yr | Gross Yield | Sale | Rent |
|---|---|---|---|---|---|
| flat | ₦91.0M | ₦5.9M | 6.5% | 4 | 4 |
| other | ₦450.0M | ₦2.7M | 0.6% | 2 | 3 |
| duplex | — | ₦5.0M | — | 0 | 5 |
| mansion | ₦450.0M | — | — | 3 | 0 |
| terrace | ₦130.0M | ₦10.0M | 7.7% | 1 | 7 |
| detached | ₦310.0M | ₦13.0M | 4.2% | 2 | 1 |
| mini flat | — | ₦5.0M | — | 0 | 1 |
| self contain | — | ₦1.7M | — | 0 | 1 |
| semi detached | — | ₦12.5M | — | 0 | 4 |
Lagos Reality Factor
Lekki Phase 2 falls in the mid_range tier. These are the annual costs every landlord pays but no listing ever shows.
What this means: On a median rent of ₦9.3M/yr, these costs consume 113% of your gross rental income — reducing yield from 3.6% to -5.6%.
Lekki Phase 2 Property FAQ
What is the average rent in Lekki Phase 2?
The median annual asking rent in Lekki Phase 2, Lagos is ₦9.3M, per Scout data as of 8 June 2026 (based on 26 rental listings).
What is the average property price in Lekki Phase 2?
The median asking sale price in Lekki Phase 2, Lagos is ₦260.0M, as of 8 June 2026 (based on 12 for-sale listings).
What is the rental yield in Lekki Phase 2?
Lekki Phase 2 has an implied gross rental yield of 3.6%, or about -5.6% net after Lagos operating costs (diesel, service charge, management).
How many listings is the Lekki Phase 2 data based on?
These figures are derived from 38 active public property listings in Lekki Phase 2, with outliers and duplicates removed (medium confidence).