Live Data Feed
Lekki Phase 1: • 552 listings tracked • Median rent ₦11.0M/yr • Yield 4.1%Chevron / Lekki: • 270 listings tracked • Median rent ₦7.0M/yr • Yield 3.9%Ikoyi: • 244 listings tracked • Median rent ₦45.0M/yr • Yield 3.2%Ajah: • 215 listings tracked • Median rent ₦3.5M/yr • Yield 2.5%Ikate: • 165 listings tracked • Median rent ₦13.0M/yr • Yield 6.0%Victoria Island: • 154 listings tracked • Median rent ₦30.0M/yr • Yield 5.5%Banana Island: • 106 listings tracked • Median rent ₦60.0M/yr • Yield 2.9%Sangotedo: • 104 listings tracked • Median rent ₦4.5M/yr • Yield 3.2%Lekki Phase 1: • 552 listings tracked • Median rent ₦11.0M/yr • Yield 4.1%Chevron / Lekki: • 270 listings tracked • Median rent ₦7.0M/yr • Yield 3.9%Ikoyi: • 244 listings tracked • Median rent ₦45.0M/yr • Yield 3.2%Ajah: • 215 listings tracked • Median rent ₦3.5M/yr • Yield 2.5%Ikate: • 165 listings tracked • Median rent ₦13.0M/yr • Yield 6.0%Victoria Island: • 154 listings tracked • Median rent ₦30.0M/yr • Yield 5.5%Banana Island: • 106 listings tracked • Median rent ₦60.0M/yr • Yield 2.9%Sangotedo: • 104 listings tracked • Median rent ₦4.5M/yr • Yield 3.2%
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Scout.ngReal Estate Intelligence
Ibeju-Lekki LGA · 53 active listings · high confidence

Ibeju-Lekki

Real estate intelligence — verified weekly from active listings

Median Sale₦80.0M
Median Rent/yr₦1.4M
Gross Yield1.8%
Net Yield-25.0%After Lagos Reality Factor
Market Insight

The most listed property class in Ibeju-Lekki is the 3 bedrooms with 20 active listings. Median asking price is ₦85.0M. Median annual rent is ₦3.1M. That implies a gross yield of 3.7% before operating costs.

Historical Price Trend

Price Movement Over Time

Monthly median asking prices from 8 dated listings over 2 months

Listing volume by month

Breakdown by Class

Prices by Bedroom Count

28 sale + 24 rental listings

1-Bed

Median Sale Price

₦48.5M

2 listings

Median Rent / Year

₦1.0M

12 listings

Gross Yield2.1%

2-Bed

Median Sale Price

₦72.5M

8 listings

Median Rent / Year

₦2.0M

3 listings

Gross Yield2.8%

3-Bed

Most Listed

Median Sale Price

₦85.0M

14 listings

Median Rent / Year

₦3.1M

6 listings

Gross Yield3.7%

4-Bed

Median Sale Price

₦82.5M

2 listings

Median Rent / Year

₦4.5M

3 listings

Gross Yield5.5%

12-Bed

Median Sale Price

₦60.0M

1 listing

Median Rent / Year

—

0 listings

No rental data — yield unavailable

34-Bed

Median Sale Price

₦80.0M

1 listing

Median Rent / Year

—

0 listings

No rental data — yield unavailable
Aggregate View

Overall Market Summary

Aggregated across all property classes. The bedroom breakdown above is more useful for actual decision-making.

Median Sale (All)

₦80.0M

₦5.0M – ₦171.4M

Median Rent (All)

₦1.4M

₦450K – ₦6.0M

Gross Yield

1.8%

All classes combined

Net Yield

-25.0%

After Lagos Reality Factor

By Property Type

Prices by Property Type

Flats, duplexes, detached houses, and other property types compared.

TypeMedian SaleMedian Rent/yrGross YieldSaleRent
flat₦67.5M₦2.2M3.3%45
other₦85.0M₦1.2M1.4%105
duplex—₦4.5M—01
terrace₦90.0M——10
bungalow₦80.0M₦3.0M3.8%111
detached₦80.0M₦6.0M7.5%11
mini flat₦12.0M₦1.0M8.3%13
self contain—₦950K—06
semi detached₦105.0M₦5.3M5.0%12
True Cost of Ownership

Lagos Reality Factor

Ibeju-Lekki falls in the affordable tier. These are the annual costs every landlord pays but no listing ever shows.

Diesel / Generator₦20.7M
Estate Service Charge₦500K
Management Fee (10%)₦143K
Maintenance Reserve (5%)₦71K
Total Annual Operating Costs₦21.4M

What this means: On a median rent of ₦1.4M/yr, these costs consume 1502% of your gross rental income — reducing yield from 1.8% to -25.0%.

How to read this data: All prices are medians of current asking prices, broken down by bedroom count and property type so you compare like-for-like. Yields are implied from median asking prices and rents. Read our full methodology →