Apartment For Sale Lagos Nigeria - List of Apartments For Sale And Free Tips

apartment for sale lagos nigeria africa

Apartment for sale guide Lagos Nigeria - If you're looking for apartment buildings for sale or flats for sale in Lagos Nigeria, you have come to the right place.

This is the directory of apartment for sale in Lagos Nigeria.

Please note that this is the Island section of the apartment houses for sale directory. If you're looking for flats for sale (or apartment houses for sale) in mainland areas of Lagos Nigeria, then visit the section for apartment buildings for sale in mainland areas of Lagos.

Apartments For Sale In Island Areas of Lagos

A common feature of apartment for sale buildings in Island areas of Lagos is the fact that most are serviced apartment buildings.

For example, Ikoyi Lagos Nigeria boast of hundreds of luxury apartment buildings (or luxury homes) that offer services ranging from standby generator to . . .

  • 24/7 security
  • swimming pool
  • fitted kitchen
  • Air conditioning (central or otherwise)
  • furnished apartments
  • cable tv
  • CCTV
  • elevator service

    . . . and more.

    Since these apartment for sale buildings are highly priced, they are often sold as single units so home buyers can easily purchase them.

    Consequently, an apartment building with ten flats may be owned by upto ten different people, each person owning just one flat.

    The same goes for Victoria Island and Lekki areas of Lagos Island.

    A good example of serviced high rise apartment buildings with flats for sale is the 1004 apartment building complex in Victoria Island near the Civic centre and the law school.

    The 1004 apartment building complex consist of several high rise apartment buildings owned by different home owners.

    In fact, the apartment building complex is so big that it's a community of its own.

    Guess what.

    The pricing is such that only medium to high income earners can rent or buy the apartments.

  • This is good news for people looking to buy apartment for sale in high net worth areas where they can mingle with people of their class and form long-term business relationships.

    Another good example of apartment buildings with class is the Ocean Parade Towers in Banana Island Ikoyi Lagos Nigeria.

    This apartment building has phase 1 and phase 2 built side by side.

    Phase 2 consist of three high rise buildings that is 8 floors high, each crowned with a beautiful penthouse.

    Facilities provided include:

  • two swimming pools
  • a supermarket
  • gym house
  • central air conditioning
  • CCTV
  • cable TV
  • 24/7 electricity supply
  • fitted kitchen with gas cooker, refrigerator etc
  • laundry room with washing machine & dryer
  • elevator

    . . . and several other facilities.

    Every good service comes at a cost.

    Therefore the Ocean Parade Towers is appropriately priced.

    As at the time of this writing, a three bedroom flat in Ocean Parade Towers in Banana Island Ikoyi rents for $85,000 USD per annum and sells for 200 million Naira (about $1.34 million USD).

    Do you have to live in Ocean Parade Towers or the expensive Banana Island for that matter?

    Of course, not.

    For example, a three bedroom flat in 1004 apartment building complex rents for 2.5 million Naira (about $17,000 USD) and sells for 45 million Naira (about $300,000 USD).

    The payback period for the Ocean Parade Towers is 16 years while that for the 1004 flat is 18 years.

    I must say this . . . the Ocean Parade Towers has a great view of the Ocean.

    Some parts of 1004 apartment building complex have a good view of the ocean but not all. And the higher you go, the better the view.

    If you were to choose between both apartments for sale, which will you choose?

    If you love to see the ocean every waking day (and your budget is right), the Ocean Parade Towers is a good buy. But if you cannot afford $1.34 million USD for the Ocean parade Towers flat, the 1004 flats are a good alternative.

    My advice?

    Follow your heart and your pocket.

    List of Flats For Sale

    1. 3 bedroom luxury flat for sale at Ocean Parade Towers Banana Island Ikoyi Lagos Nigeria

    Price: 200 million Naira

    2. 3 Bedroom flat for sale at 1004 apartment building complex Victoria Island

    Price: 45 million Naira

    3. 2 bedroom flat for sale at 1004 estate Victoria Island Lagos

    price: 36 million Naira

    4. Building comprising 18 luxury flats for sale at Ikoyi Lagos Nigeria

    price: 2.3 billion Naira

    5. 5 bedroom detached duplex for sale at Lekki phase 1 Lagos Nigeria

    Price: 85 million Naira

    P.S: Have apartment buildings for sale in Lagos Island? List them here free using the property listing form below.

    P.P.S: Looking for apartments for sale in mainland areas of Lagos? Visit the Lagos mainland apartment buildings for sale directory.

    Related Content:

    Manufactured Homes

    Apartments For Rent

    Buying A House ::: How To Build A House

    How To Sell Your House ::: Bank Owned Properties

    Investing For Income ::: Investing For Retirement

    Investing For Dummies ::: Google Adsense Income

    Share Your Opinion or List Apartment For Sale In Island Areas of Lagos Nigeria

    Know something about apartment for sale in Lagos Island areas?

    Please share your knowledge and experience.

    Have an apartment for sale on the island?

    List it free using the simple form below.


    1. The message you post here MUST be original and in your own words.

    2. You post must be at least 300 words otherwise it will be deleted

    Return From Apartment For Sale Page To Lagos Nigeria Real Estate Investing Guide Home

    Back To Apartment Guide Lagos Nigeria

    Subscribe To The Real Estate Guide Newsletter For Free Investment Tips


  • Home Business

    House Plans

    Bungalow House Plans

    Real Estate Guide Newsletter

    Free property investing tips. Subscribe!

    E-mail Address
    First Name

    Don't worry — your e-mail address is totally secure.
    I promise to use it only to send you Real Estate Guide.

    Portable Cabins

    Used Portakabin For Sale

    Internet Business

    Manufactured Homes

    Best Mortgage Rates

    Make Money Writing

    Affiliate Program

    Follow us on:

    lagos nigeria real estate investing advice on facebook

    lagos nigeria real estate investing advice on facebook

    Click the LIKE button (thumbs up button) in Facebook to receive regular updates.