📞 0908 008 8779 WhatsApp
For Property Owners · The Island

Sell or Let Your Property on the Island

Ikoyi · Victoria Island · Lekki Phase 1 · Banana Island · VGC. Free valuation. Verified buyer and tenant network. Success-based fees — you pay nothing until your property sells or lets. Diaspora owners welcome.

✓ No upfront cost Verified buyers & tenants Office in Lekki Phase 1

Tell us about your property

Describe your property and what you'd like to do. We'll come back within one business hour with a valuation range and next steps.

No spam. No reCAPTCHA. We reply within 1 business hour.

Prefer to call? 0908 008 8779

No upfront cost — success-based only Verified buyers & tenants only Office: 26b Abike Sulaiman St, Lekki Phase 1 Diaspora owners welcome

Which areas do we mean by the Island?

The Island refers to the upscale residential and commercial districts of Lagos — Ikoyi, Victoria Island, Lekki and Banana Island.

Ikoyi

Old Ikoyi, Banana Island, Parkview Estate, Osborne Foreshore, Falomo, Bourdillon Road, Glover Road, Kingsway Road, Queens Drive. Land values ₦3.6M–₦4.5M/sqm. Gross yields 3.09%.

Victoria Island

Oniru, VI Central, Eko Atlantic, Adeola Odeku, Akin Adesola, Ajose Adeogun, Ozumba Mbadiwe, 1004 Estate, Ligali Ayorinde. Land values ₦2.1M/sqm. Gross yields 4.59%.

Lekki Phase 1

Admiralty Way, Freedom Way, Fola Osibo, Northern Foreshore, Mekunwen Road, Periwinkle Estate, Femi Okunnu Estate. Land values ₦1.5M/sqm. Gross yields 3.95%.

Lekki — other areas

Ikate Elegushi, Chevron Drive, Chevy View, VGC, Osapa London, Agungi, Igbo-Efon, Ikota, Ajah, Sangotedo, Lekki Phase 2, Ologolo. Chevron gross yields 5.85% — highest in Lagos.

Banana Island

Ultra-prime gated estate. Land values ₦4.5M–₦5M/sqm. Villas $1.8M–$4.5M. Highest security and prestige. Ideal for luxury residential or high-value letting.

Commercial & offices

Grade A offices in VI, Ikoyi and Lekki. Rents from ₦120K–₦450K/sqm/annum in VI, ₦65K–₦110K/sqm in Lekki. Executive suites and co-working from ₦140K/month in Ikoyi.

Selling vs letting — the current market

Current data on gross rental yields and average rents across the Island in 2026. Use this to decide whether to sell, let annually or run a short-let.

AreaGross yieldAvg 2-bed rent5-yr rent CAGRLand appreciation since 2022
Ikoyi3.09%₦17.25M/annum22.6%81.48%
Victoria Island4.59%₦15M/annum33.5%197.87%
Lekki Phase 13.95%₦10M/annum35.9%256.53%
Chevron Drive, Lekki5.85%₦6M – ₦10M/annum——
Osapa London4.28%₦4.5M – ₦7M/annum——
Ikate Elegushi5.02%₦8.5M/annum29.6%148.05%
VGC4.5–5.5%₦6M – ₦8M/annum—~150% since 2019
Ajah5.0–6.0%₦2.5M – ₦4M/annum—35% YoY

Short-lets deliver higher net yields of 24–32% with 85–95% occupancy across Lekki, VI and Ikoyi. But they require active management, furnishing and marketing. We can advise which option is best for your specific property.

What we do for you

For sellers

Selling your property

  • Free market valuation — based on comparable sales, current listings and land value data across the Island.
  • Title verification — we confirm C of O or Governor's Consent and run a Lands Bureau search before listing.
  • Professional photography — no cost to you. High-quality images for the buyer network.
  • Verified buyer network — broadcast to vetted buyers with proof of funds. No time-wasters.
  • Offer negotiation & completion — we present offers, coordinate legal, and manage the sale through to keys.
For landlords

Letting your property

  • Free rental valuation — based on current rents and demand in your specific area of the Island.
  • Tenant vetting — employment verification, income confirmation, previous-landlord references, guarantor checks, affordability screening.
  • Viewing coordination — we handle all viewings. No time-wasters, no unaccompanied access.
  • Tenancy agreement & legal coordination — we coordinate the tenancy agreement and handover.
  • Ongoing management (optional) — rent collection, monthly remittance, inspections, maintenance coordination, renewals.

Our fees

All fees are success-based and disclosed in writing before you commit. You pay nothing until your property sells or lets.

ServiceFeeWhen you pay
Market valuationFreeNo cost
Professional photographyFreeNo cost
Title verificationFree (Lands Bureau search at cost)No cost to seller
Sale agency commission1–2% of sale price (LASRERA cap: 5% first ₦10M + 2% balance)On completion of sale
Letting agency fee10% of annual rentOn signing of tenancy agreement
Legal fee (tenancy)10% of annual rentOn signing of tenancy agreement
Full property management5–10% of rentMonthly or annually
Short-let management15–20% of gross incomeMonthly

Why owners work with us

  • No upfront cost. No listing fee, no marketing cost, no photography charge, no valuation fee. You pay only when we deliver a result. This means we only take on properties we believe we can actually sell or let.
  • Verified buyers and tenants only. We screen for proof of funds and financing readiness before arranging inspections. For tenants we check employment, income, references and guarantors. This means less wasted time for you — no casual viewings, no dreamers.
  • Market data advantage. We track current land values, rental yields, sale prices and absorption rates across Ikoyi, VI, Lekki Phase 1 and Banana Island. We give you a valuation grounded in the market, not guesswork. Sellers and landlords who price correctly at the start sell or let faster.
  • Title verified before listing. We do not list any property without confirming ownership, title status and physical boundaries. This prevents the common problem of advertising a property that then fails at the deed stage — wasting everyone's time.
  • Diaspora-friendly. Many of our clients are diaspora Nigerians who own property on the Island but do not have the local presence to manage sales, viewings or tenant relationships. We handle everything remotely. Written status updates at every milestone. Reachable on WhatsApp across time zones.
  • Local office in Lekki Phase 1. We are not a virtual agency. We have a physical office at 26b Abike Sulaiman Street, Lekki Phase 1. You can visit, meet the team and verify we exist. This matters in a market where many "agents" operate from a WhatsApp number alone.

How it works

Send your brief

Name, WhatsApp, property details and what you'd like to do. One minute on your phone.

Free valuation

We come back with a valuation range and a recommendation — sell, let annually or short-let. Within one business day.

Verify & list

We verify title, take professional photographs, and broadcast to our verified buyer and tenant network.

Offer, agreement, completion

We coordinate inspections, negotiate the offer, handle the tenancy or sale agreement, and manage completion.

Frequently asked questions

How much does it cost to sell my property through PropertyExpert.ng?
We work on a success-based fee. You pay nothing upfront. No listing fee. No marketing cost. No photography charge. No valuation fee. Our agency fee is disclosed in writing before we list and is typically 1–2% of the sale price. Legal fees for the deed of assignment, Governor's Consent and title transfer are separate and handled by your solicitor. On Lagos Island, agency commission is set by the Lagos State Real Estate Regulatory Authority (LASRERA) and is typically 5% on the first ₦10M and 2% on the balance for sales — some agents negotiate 1–2% on high-value properties. We disclose our exact fee structure in writing before any agreement is signed.
How much does it cost to let my property on the Island?
Our letting service is also success-based. You pay nothing until we find a tenant and the tenancy agreement is signed. Agency fee is 10% of annual rent per LASRERA cap. Legal fee for the tenancy agreement is 10% of annual rent. For ongoing property management (rent collection, inspections, renewals, maintenance coordination), our fee is 5–10% of monthly or annual rent depending on the management tier. All fees are disclosed in writing before listing. You do not pay for tenant vetting, listing, photography or marketing.
How long does it take to sell a property on the Island?
Timeline depends on pricing, sub-location, condition and title status. A well-priced apartment in Lekki Phase 1 or Ikoyi typically receives qualified offers within 30 to 90 days. High-value properties in Old Ikoyi, Banana Island or Parkview Estate with clean C of O can take 90 to 180 days because of the smaller buyer pool and extended title verification. We broadcast your property to our verified buyer network and partner agents within 48 hours of listing. We do not charge for the listing period — we only earn when you sell.
How long does it take to let a property on the Island?
The median time to let in Lagos is 23 days. Well-priced Lekki Phase 1 and Ikoyi properties let within 14 days. Less common unit types or higher-priced listings (5-bed detached, luxury penthouses) take longer — typically 30 to 60 days. Tenant vetting takes 3 to 7 working days after a qualified applicant accepts your terms. We arrange viewings within 48 hours of a serious enquiry.
How do you verify buyers and tenants?
For buyers: proof of funds, source of funds documentation, and financing readiness where applicable. We do not arrange inspections for unvetted buyers. For tenants: employment verification, income confirmation, previous-landlord references, guarantor checks and affordability screening. We confirm the applicant's ID, run reference checks, and require a signed tenancy agreement before keys are handed over. We also conduct an NIN-linked identity check for high-value transactions.
What documents do I need to prepare to sell or let my property?
To sell: Certificate of Occupancy (C of O) or Governor's Consent, current registered survey plan, deed of assignment with an unbroken chain of title, Land Use Charge receipts, tax clearance certificates, and your NIN or company registration documents. To let: proof of ownership (C of O, deed of assignment or Governor's Consent), a valid ID, and current Land Use Charge receipts. If the property is owned by a family, multiple parties or a company, you will need letters of authority, a resolution or board minutes. We review these documents before listing to confirm title is clear and to prevent wasted time with buyers or tenants.
Do you handle diaspora property owners?
Yes. Many of our sellers and landlords are diaspora Nigerians who own property on the Island but do not have the local presence to manage sales, viewings or tenant relationships. We handle site inspections, professional photography, qualified buyer and tenant screening, viewing coordination, offer negotiation, tenancy agreements and rent collection on your behalf. You can complete the sale or let remotely. We provide written status updates at every milestone and can be reached on WhatsApp across time zones.
What areas of the Island do you cover?
We cover Ikoyi (including Old Ikoyi, Banana Island, Parkview, Osborne Foreshore, Falomo, Bourdillon Road and Glover Road), Victoria Island (including Oniru, VI Central, Eko Atlantic, Adeola Odeku and Akin Adesola), Lekki Phase 1 (including Admiralty Way, Freedom Way, Fola Osibo and Northern Foreshore), and Lekki generally (including Ikate Elegushi, Chevron Drive, VGC, Osapa London, Agungi and Ajah). We do not serve the historic Lagos Island LGA (Idumota, Marina, Broad Street, Obalende) — if you own property in those areas, we can refer you to another agency.
Can you manage my property while I am abroad?
Yes. Our full management tier covers tenant vetting, rent collection, monthly remittance, routine inspections, maintenance coordination, renewal negotiation and end-of-tenancy check-out. We provide written inspection reports with photographs. Rent is remitted monthly by bank transfer with a statement. For diaspora owners, we can also act under a power of attorney for specific functions such as signing tenancy agreements, receiving notices or coordinating repairs. We advise on the correct structure before any agreement is signed.
What is the difference between selling and letting my property?
Selling converts your property into cash. You lose the asset but receive the sale proceeds. Gross yields on the Island average 3.09% in Ikoyi, 4.59% in Victoria Island, 3.95% in Lekki Phase 1 and 5.85% in Chevron Drive. Letting retains the asset and generates recurring rental income. Rents on the Island have grown at 22.6% CAGR in Ikoyi, 33.5% in Victoria Island and 35.9% in Lekki Phase 1 over five years. Short-lets deliver higher net yields (24–32%) but require active management. We can advise on the best option for your specific property and objectives.

Ready to sell or let?

Send us your property details on WhatsApp. We'll come back with a free valuation and a recommendation within one business hour.

Chat on WhatsApp 📞 0908 008 8779
Call WhatsApp