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

Long-term fund paucity hindering property development — Wemabod

The management of Wemabod Estate Limited has said the construction industry is plagued by the absence of long-term funds, which is hindering its growth and the ability of the country to bridge the housing deficit. According to the company, funding remains a critical challenge as real estate development is not merchandising but long-term investment. The Chairman, Wemabod Estate, Dr. Bayo Adewusi, stated this in Lagos when the new Group Managing Director of its holding firm, Odu’a Investment Company Limited, Mr. Adewale Raji, paid a maiden visit to Wemabod.

VACANCIES!!!

Royal Roots Studios requires the services of the following: CHANNEL MANAGER/HEAD OF PROGRAMMES Ensure delivery of high quality programming aligned with station strategy and target audience, 24 hours a day, 7 days a week. • Develop, implement and manage the channel's programme strategy to ensure optimal alignment between programme strategy and our target audience. • Ensure development, management and implementation of a programme strategy aligned with target audience needs and requirements, in order to grow target audience and exploit opportunities to generate revenue. 

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.