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For Sale · Lekki Phase 1

Property for Sale in Lekki Phase 1

Verified apartments, duplexes, terraces and land. Admiralty Way · Freedom Way · Fola Osibo · Lekki Phase 1 Estate. Transparent price bands. No time-wasters.

✓ Verified listings only ₦180M – ₦1.2B Inspect this week

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Verified listings only Office: 26b Abike Sulaiman St, Lekki Phase 1 Lands Bureau search supported Mon–Sat, 8am–6pm

Current price bands in Lekki Phase 1

Guide prices based on verified listings we have handled or reviewed in Lekki Phase 1. Actual prices vary by estate, street, floor, finishing and whether the unit is serviced.

Property typeTypical sizePrice band
1-bedroom apartment / mini flat50 – 70 sqm₦180M – ₦250M
2-bedroom apartment90 – 130 sqm₦250M – ₦370M
3-bedroom apartment140 – 200 sqm₦300M – ₦550M
4-bedroom apartment / penthouse220 – 350 sqm₦500M – ₦650M
4-bedroom semi-detached duplex250 – 350 sqm₦550M – ₦750M
5-bedroom detached duplex350 – 500 sqm₦800M – ₦1.2B
Land (per sqm, average)—₦1.5M per sqm
Land (600–1,000 sqm plot)600 – 1,000 sqm₦900M – ₦1.5B

Lekki Phase 1 sub-locations we cover

Lekki Phase 1 has distinct micro-markets. Admiralty Way and Freedom Way command the highest premiums; the inner estate streets offer slightly lower entry points.

Admiralty Way

The most prestigious stretch. Commercial artery lined with offices, restaurants, banks and high-quality mixed-use buildings. Residential units here command the highest prices.

Freedom Way

Runs parallel to Admiralty Way with significant commercial and residential density. Well-located flats at a slight premium. Direct access to Victoria Island.

Fola Osibo / Emma Abimbola Cole

Established residential streets with a mix of apartments and duplexes. Popular with families and returning diaspora.

Lekki Phase 1 Estate

The older residential grid inside the estate. Streets vary — some quiet and tree-lined, others busier. Entry-level 3-bedroom flats here sit closer to ₦300M.

Northern Foreshore

Waterfront-facing, quieter residential enclave. Higher-end duplexes and luxury apartments. Premium for lagoon views.

Periwinkle Lifestyle Estate

Off Freedom Way. The address buyers associate with the upper tier. Serviced, well-managed, close to Admiralty Way amenities.

Why buy in Lekki Phase 1

  • Lagos Island's most liquid rental market. Lekki Phase 1 has the broadest renter base and highest transaction volumes on the Island. Five-year rent CAGR of 35.9% — the strongest among Ikoyi, Victoria Island, Lekki Phase 1 and Ikate.
  • Strongest land appreciation. Land prices rose from ₦421,000 per sqm in 2022 to ₦1.5 million in 2026 — a 256% increase, the highest of the four major Lagos Island submarkets.
  • Rental yields. Gross rental yields in Lekki Phase 1 run at 3.95% on Stears data, with short-lets delivering 26–32% net yields across Lekki and Victoria Island.
  • Infrastructure. Admiralty Way, Freedom Way and their adjoining streets are paved and maintained better than most Lagos addresses. 15–25 minutes to Victoria Island outside peak hours.
  • Tenant profile. Young professionals, returning diaspora, expatriates and institutional investors. The broadest renter base on the Island means lower vacancy risk.
  • Walkability and lifestyle. Schools, malls, restaurants, hospitals and the Lekki Conservation Centre within the district. A neighbourhood that functions as a community, not just an address.

How buying through us works

Send your brief

Name, WhatsApp, requirement and budget. One minute on your phone.

We match

We send verified Lekki Phase 1 listings that fit your brief — with prices, not "DM for price".

Inspect

We arrange and attend the inspection with you. No upfront inspection fee.

Offer & title search

We present your offer, run the Lands Bureau search, and coordinate legal completion.

Frequently asked questions

How much is a 3-bedroom apartment in Lekki Phase 1?
A 3-bedroom apartment in Lekki Phase 1 typically sells between ₦180 million and ₦550 million depending on the estate, floor level, finishing and whether it is serviced. Serviced units in newer developments on Admiralty Way and Freedom Way sit at the top of that range. Entry-level 3-bedroom flats in older blocks sit closer to ₦180M–₦250M.
Is Lekki Phase 1 a good investment?
Lekki Phase 1 has Lagos Island's most liquid rental market, supported by the broadest renter base and highest transaction volumes. It recorded a five-year rent CAGR of 35.9% — the strongest among Lagos Island's prime submarkets. Average annual rent for a 2-bedroom flat hit ₦10 million in 2026. Land price appreciation over the same period was 256%, the strongest of the four major Lagos Island submarkets.
What documents should I verify before buying?
Certificate of Occupancy or Governor's Consent, the survey plan, the deed of assignment with an unbroken chain of title, and any estate service charge obligations. We provide a documentation pack and coordinate a Lands Bureau search before you release funds.
Can foreigners buy property in Lekki Phase 1?
Foreigners can buy leasehold interests and apartments in Nigeria. Freehold land cannot be owned outright by non-Nigerians, but long leases and company-owned structures are common and legitimate. We advise on structure before you commit.
What is the price of land per sqm in Lekki Phase 1?
Verified Lekki Phase 1 land currently trades between ₦1.3 million and ₦1.7 million per square metre, with an average of ₦1.5 million per sqm in 2026. This represents a 256% increase from ₦421,000 per sqm in 2022 — the strongest five-year land appreciation among Lagos Island submarkets.
How quickly can I inspect a property?
Rental inspections are usually arranged within 48 hours of your enquiry. Sales inspections are typically within 3–5 working days depending on the owner's availability. Inspections are arranged and confirmed over WhatsApp.
Do you charge buyers an inspection fee?
No. Inspections are free. Our fee is disclosed in writing before you make an offer, and is typically 1–2% on sales.

Looking for something specific in Lekki Phase 1?

Send us your brief on WhatsApp. We'll come back with verified Lekki Phase 1 options and prices within one business hour.

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