One of the popular highbrow areas in Lagos State, Ikoyi Local government has retained its attraction for those seeking premium priced Lagos homes. Initially separated from the rest of the metropolis by British colonialists who built a barrier to separate it from other areas of the state. The obstacle separating it from Victoria Island has since been removed, but the affluence remains, and many seekers are drawn to Ikoyi land because of its high quality of life, only comparable with Lekki and Ajah.
Areas such as Dolphin, Bourdillon, Parkview and Osborne are synonymous with the area while recently Banana Island also joined constituency. The city is known for the most-expensive property in Africa, and many of the plots of land for sale in old Ikoyi Lagos are viable investments for interested parties, appreciating in value year on year.
These plots include prime pieces of land measuring 4000sqm around the A-22 mayfair shopping complex for ₦170,000,000, to a more modest plot containing 600sqm for ₦75,000,000. Regarded as one of the wealthier communities in Eti Osa Local government, Ikoyi’s affluence has rubbed off on the value of its real estate, with the demand for land for sale skyrocketing.
A 656sqm piece of land for sale in Ikoyi, Osborne is N170m, while in Banana Island, a 570 sqm plot at the P48 goes for around N175m. Thus, the property market in Ikoyi caters to all budgets enabling people from all walks of life to afford dream Lagos homes.
Apart from its residential offerings, Ikoyi is well developed and accessible. It is close to Victoria Island and CMS malls, such as Spar and City Mall, which have a plethora of retail brands. The Third Mainland Bridge also links it to Lagos Mainland while the new Ikoyi-lekki Bridge has reduced the time it takes to get to the Lekki/ Epe neighbourhood, and retail outlets like Shoprite.
Recreational activity in Ikoyi is limited, but not particular to the Ikoyi Club, Southern Sun Hotels, Astro Turf and Ikoyi Hotels. The Ikoyi Club comes with a golf course and other perks for weekend or weekday members. The Falomo high street is also a popular location for weekend getaways due to its suitability for social activities. Hangouts like Bogobiri and Ember Creek fall within this area.
Ikoyi is one of the safest neighbourhoods in Lagos and the infrastructural supply is increasing to meet up with the growing number of residents. There is also a large supply of utilities available to the properties.
Ikoyi is a premium location suited for your various needs.