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
Eti-Osa LGA · 154 active listings · high confidence

Victoria Island

Real estate intelligence — verified weekly from active listings

Median Sale₦550.0M
Median Rent/yr₦30.0M
Gross Yield5.5%
Net Yield0.1%After Lagos Reality Factor
Market Insight

The most listed property class in Victoria Island is the 3 bedrooms with 52 active listings. Median asking price is ₦650.0M. Median annual rent is ₦30.0M. That implies a gross yield of 4.6% before operating costs.

Historical Price Trend

Price Movement Over Time

Monthly median asking prices from 48 dated listings over 4 months

Listing volume by month

Breakdown by Class

Prices by Bedroom Count

69 sale + 76 rental listings

1-Bed

Median Sale Price

₦320.0M

9 listings

Median Rent / Year

₦7.0M

9 listings

Gross Yield2.2%

2-Bed

Median Sale Price

₦415.0M

18 listings

Median Rent / Year

₦22.5M

10 listings

Gross Yield5.4%

3-Bed

Most Listed

Median Sale Price

₦650.0M

27 listings

Median Rent / Year

₦30.0M

25 listings

Gross Yield4.6%

4-Bed

Median Sale Price

₦820.0M

14 listings

Median Rent / Year

₦36.5M

20 listings

Gross Yield4.5%

5-Bed

Median Sale Price

₦900.0M

1 listing

Median Rent / Year

₦75.0M

9 listings

Gross Yield8.3%

7-Bed

Median Sale Price

—

0 listings

Median Rent / Year

₦70.0M

3 listings

No sale 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)

₦550.0M

₦2.6M – ₦1.2B

Median Rent (All)

₦30.0M

₦100K – ₦100.0M

Gross Yield

5.5%

All classes combined

Net Yield

0.1%

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₦525.0M₦29.5M5.6%3838
other₦500.0M₦30.3M6.0%1720
duplex₦11.0M₦100.0M909.1%11
studio₦220.0M——10
terrace₦850.0M₦30.0M3.5%77
detached—₦70.0M—07
mini flat₦340.1M₦6.3M1.8%14
penthouse₦715.0M₦20.0M2.8%33
semi detached₦825.0M₦62.5M7.6%24
True Cost of Ownership

Lagos Reality Factor

Victoria Island 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%)₦3.0M
Maintenance Reserve (5%)₦1.5M
Total Annual Operating Costs₦29.2M

What this means: On a median rent of ₦30.0M/yr, these costs consume 97% of your gross rental income — reducing yield from 5.5% to 0.1%.

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 →