Skip to main content

What Can I rent? - 35 Minutes From Mile 2 To Marina Via Light Rail


Light rail showing the station at LASU along Lagos-Badagry Expressway.
Light rail showing the station at LASU along
Lagos-Badagry Expressway

By the time the Blue Line of Lagos’ light rail project is completed (by June 2013 according to Lagos State Governor Raji Fashola ), from Mile 2, Amuwo-Odofin, Festac Town and Satellite Town one will be able to get to Marina in about 35 minutes! The Blue line will connect Marina to Okokomaiko, with stations at Marina, Ebute Ero, Iddo, National Theatre, Iganmu, Alaba, Mile 2, Festac, Alakija, Trade Fair, Volkswagen, LASU and Okokomaiko for commuters to board or alight.

We therefore take a look at the Estates along the axis such as Amuwo Odofin, Festac and Satellite Town in order to reveal what is available for rent in the property market along Badagry Expressway.

Amuwo Odofin: There are a number of LSDPC low cost housing estates in this area, including the Amuwo Odofin Estate which was built by former Lagos State Governor Lateef Jakande. Amuwo-Odofin Low Cost Housing Estate has hundreds of 2-storey blocks of flat of 2 and 3 bedroom apartments. This estate has some good roads, sports ground and a number of shops used for commercial activities. Other estates in Amuwo Odofin are: Lake View Estate, Greenfield Estate, Divine Estate, Millennium Estate, Raji Rasaki Estate, Midland Estate, Bola Tinubu Estate, Akeem Agboola Estate, Crystal Estate and Anchorage Estate.

N350k-N500k
Options open to you within this budget are mainly in the Amuwo Low Cost Housing Estate. There you can have 2 or 3 bedroom flat. Flats on the ground floor are often priced higher than the first or second floor because the ground floor enjoys a small balcony and it is easy to access.

N800k – N3m
The estates in Amuwo Odofin GRA are at your reach within this budget. There are flats, duplexes and bungalows available in some of the estates in the GRA.  You can go for a 3 bedroom flat in Raji Rasaki Estate which is available at N900k per annum. The estate was built by the former military administrator of Lagos State Government Colonel Raji Rasaki in the early 80's. Houses built in the estate were majorly duplexes on one storey building.

- Castles




Comments

Popular posts from this blog

Ogun plans low cost housing scheme

The Ogun State Housing Corporation has said that it is planning to deliver low and middle income housing estates across the state. In a statement, the corporation said its flagship scheme, Plainfields Estate, was already being developed as a community housing prototype that would provide the citizens an opportunity to buy into its plan over the next few years. According to the statement, the estate will, upon completion, have a variety of apartment units. The statement read in part, “The corporation will deliver houses and serviced plots across the three senatorial districts, but will avoid a blanket approach. “This means that these projects will be tailor-made to suit the needs of the locality and the market. Everyone who has recognisable means of livelihood in the formal and informal sectors is qualified to buy. “However, the corporation is keen to help those who need mortgages and who are first time buyers.  Because our objective is to encourage home owne...

Quick fixes for quick profits in real estate

It has been said several times that ‘ideas rule the world’ and this holds true in real estate investing as well. We want to examine a time-tested idea that guarantees quick turnaround time and good returns on investment in most real estate markets. We’ll be examining guidelines for making a good return in rehabilitating and selling properties. First, you need to find a property that is in need of repairs or renovation but is located in a good area. 

SURVEY OF PRICES OF PROPERTIES ON THE ISLAND

Sales price Rental per annum Lekki Phase 1  3 Bedroom flat N45m – N50m N2.5m – N3m 4 Bedroom wing of duplex  N70m – N80m   N3m – N4m Agungi 4 Bedroom detached house N45m – N50m N2.5m 3 Bedroom flat N40m      N1.5m – N1.8m Chevy view 4 Bedroom terrace house N42m N2.5m 3 Bedroom flats  N35m        N1.6m Crown Estate 4 Bedroom detached house  N30m – N40m  N1.5m – N2m Thomas Estate, Ajah 3 Bedroom flat N25m   N750k – N800k Abraham Adesanya 3 Bedroom bungalow  N12m – N14m N700k – N1m 2 Bedroom bungalow N11m – N12m  ...