Abraham Adesanya Estate Lekki: Buy and Renting Price, All You Need to Know

Abraham Adesanya Estate in Lekki, Lagos, is one of the most sought-after residential areas in Nigeria. This serene and well-structured estate offers a perfect blend of luxury and affordability, making it a prime choice for families, professionals, and investors alike. If you're considering buying or renting in this estate, this guide will provide all the essential information you need.

Overview of Abraham Adesanya Estate

Located along the Lekki-Epe Expressway, Abraham Adesanya Estate is known for its organized layout, excellent infrastructure, and proximity to key areas in Lagos. The estate features a mix of residential apartments, duplexes, and commercial spaces, catering to diverse needs and preferences.

The estate is secured with gated access and 24/7 security, ensuring a safe environment for its residents. It also boasts well-paved roads, drainage systems, and access to essential amenities like schools, hospitals, supermarkets, and recreational facilities.

Buying Property in Abraham Adesanya Estate

Types of Properties Available

1. Apartments: These include one, two, and three-bedroom flats, ideal for singles, couples, and small families.

Duplexes: Perfect for larger families or individuals seeking more space and privacy.

Terraced Houses: A mix of affordability and luxury, terraced houses are popular among mid-income earners.

Land: Limited plots are available for those looking to build custom homes.

Current Buying Prices

The cost of properties in Abraham Adesanya Estate varies based on property type, size, and location within the estate. Below are approximate prices:

• 1-Bedroom Apartment: NGN 25 million - NGN 35 million

2-Bedroom Apartment: NGN 35 million - NGN 50 million

3-Bedroom Apartment: NGN 50 million - NGN 75 million

4-Bedroom Duplex: NGN 80 million - NGN 120 million

Plots of Land: NGN 100 million - NGN 150 million (per plot, depending on size)

Note: Prices are subject to market conditions and may vary based on negotiations and property upgrades.

Payment Plans and Mortgage Options

Many developers and real estate agencies offer flexible payment plans to ease the financial burden of property purchase. Mortgage options are also available through Nigerian banks and financial institutions, often requiring a down payment of 20-30%.

Renting in Abraham Adesanya Estate

Rental Options

The estate offers a variety of rental options suitable for different budgets and preferences:

• Short-Term Rentals: Ideal for business travelers or individuals seeking temporary accommodation.

Long-Term Rentals: Popular among families and professionals working in Lagos.

Current Rental Prices

Rental prices in Abraham Adesanya Estate are influenced by the size, type, and location of the property:

• 1-Bedroom Apartment: NGN 1 million - NGN 1.5 million per year

2-Bedroom Apartment: NGN 1.5 million - NGN 2.5 million per year

3-Bedroom Apartment: NGN 2.5 million - NGN 4 million per year

4-Bedroom Duplex: NGN 4 million - NGN 6 million per year

Additional Costs

Tenants should also budget for additional costs, including:

• Service Charges: Covers estate maintenance, security, and waste disposal (approximately NGN 200,000 - NGN 500,000 annually).

Agency and Legal Fees: Typically 10% of the annual rent each.

Amenities and Lifestyle in Abraham Adesanya Estate

Schools and Educational Facilities

The estate is home to several reputable schools catering to different educational levels, such as:

• Chrisland Schools

Lagos Preparatory School

Corona School Lekki

Healthcare Services

Residents have access to top-notch healthcare facilities, including:

• Evercare Hospital Lekki

St. Nicholas Hospital

Lily Hospital

Recreational and Shopping Centers

Abraham Adesanya Estate offers a vibrant lifestyle with access to:

• Lekki Conservation Center: A perfect spot for nature lovers.

Novare Mall: Houses shops, restaurants, and cinemas.

Beaches: Elegushi Beach and Atican Beach are just a short drive away.

Pros and Cons of Living in Abraham Adesanya Estate

Pros:

1. Prime Location: Proximity to Lekki and Victoria Island makes commuting easy.

Security: Gated community with round-the-clock security.

Amenities: Access to modern amenities and services.

Community: Friendly and well-organized neighborhood.

Cons:

1. High Demand: Intense competition for properties may lead to higher prices.

Traffic Congestion: Peak hours on the Lekki-Epe Expressway can be challenging.

Service Charges: These can add to the overall cost of living.

FAQs About Abraham Adesanya Estate

1. Is Abraham Adesanya Estate suitable for families?

Yes, the estate is family-friendly, offering spacious homes, schools, and recreational facilities.

2. Are there investment opportunities in the estate?

Absolutely! With its growing demand, investing in properties here can yield significant returns.

3. Can foreigners buy or rent property in the estate?

Yes, foreigners can own or rent property in Abraham Adesanya Estate with proper documentation.

4. What is the security like in the estate?

The estate has 24/7 security, including gated access, patrols, and CCTV monitoring.

5. How can I find properties for sale or rent in the estate?

You can contact reputable real estate agencies or search online property platforms for listings.

Conclusion

Abraham Adesanya Estate Lekki offers a perfect blend of luxury, convenience, and security. Whether you’re looking to buy or rent, this estate provides options to suit different needs and budgets. Its strategic location, coupled with top-notch amenities, makes it an excellent choice for families, professionals, and investors.

With this guide, you’re equipped with all the information needed to make an informed decision about living in or investing in Abraham Adesanya Estate. Don't wait too long, as properties here are highly sought after and sell out quickly!