Live Data Feed
Lekki Phase 1: • 552 listings tracked • Median rent ₦11.0M/yr • Yield 4.1%Chevron / Lekki: • 270 listings tracked • Median rent ₦7.0M/yr • Yield 3.9%Ikoyi: • 244 listings tracked • Median rent ₦45.0M/yr • Yield 3.2%Ajah: • 215 listings tracked • Median rent ₦3.5M/yr • Yield 2.5%Ikate: • 165 listings tracked • Median rent ₦13.0M/yr • Yield 6.0%Victoria Island: • 154 listings tracked • Median rent ₦30.0M/yr • Yield 5.5%Banana Island: • 106 listings tracked • Median rent ₦60.0M/yr • Yield 2.9%Sangotedo: • 104 listings tracked • Median rent ₦4.5M/yr • Yield 3.2%Lekki Phase 1: • 552 listings tracked • Median rent ₦11.0M/yr • Yield 4.1%Chevron / Lekki: • 270 listings tracked • Median rent ₦7.0M/yr • Yield 3.9%Ikoyi: • 244 listings tracked • Median rent ₦45.0M/yr • Yield 3.2%Ajah: • 215 listings tracked • Median rent ₦3.5M/yr • Yield 2.5%Ikate: • 165 listings tracked • Median rent ₦13.0M/yr • Yield 6.0%Victoria Island: • 154 listings tracked • Median rent ₦30.0M/yr • Yield 5.5%Banana Island: • 106 listings tracked • Median rent ₦60.0M/yr • Yield 2.9%Sangotedo: • 104 listings tracked • Median rent ₦4.5M/yr • Yield 3.2%
S
Scout.ngReal Estate Intelligence
Kosofe LGA · 18 active listings · medium confidence

Omole Phase 1

Real estate intelligence — verified weekly from active listings

Median Sale₦560.0M
Median Rent/yr₦23.0M
Gross Yield4.1%
Net Yield-0.3%After Lagos Reality Factor
Market Insight

The most listed property class in Omole Phase 1 is the 4 bedrooms with 10 active listings. Median asking price is ₦515.0M. Median annual rent is ₦24.0M. That implies a gross yield of 4.7% before operating costs.

Breakdown by Class

Prices by Bedroom Count

15 sale + 3 rental listings

3-Bed

Median Sale Price

—

0 listings

Median Rent / Year

₦10.0M

1 listing

No sale data — yield unavailable

4-Bed

Most Listed

Median Sale Price

₦515.0M

8 listings

Median Rent / Year

₦24.0M

2 listings

Gross Yield4.7%

5-Bed

Median Sale Price

₦670.0M

7 listings

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)

₦560.0M

₦350.0M – ₦820.0M

Median Rent (All)

₦23.0M

₦10.0M – ₦25.0M

Gross Yield

4.1%

All classes combined

Net Yield

-0.3%

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—₦10.0M—01
duplex₦530.0M——10
terrace₦365.0M——20
detached₦670.0M₦24.0M3.6%72
semi detached₦550.0M——50
True Cost of Ownership

Lagos Reality Factor

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

Diesel / Generator₦20.7M
Estate Service Charge₦500K
Management Fee (10%)₦2.3M
Maintenance Reserve (5%)₦1.1M
Total Annual Operating Costs₦24.6M

What this means: On a median rent of ₦23.0M/yr, these costs consume 107% of your gross rental income — reducing yield from 4.1% to -0.3%.

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 →