By One of the best investment strategies is to invest in property close to main roads or expressways, therefore, real estate investors have to be strategic with their investment choices in order to maximize their profits
– By Ranti Adedeji
Ibeju-lekki and Arepo are two property locations on the outskirts of ever-bubbling and commercial nerve centres of Lagos. This has positioned them as prime and serene locations for residential and mixed developments.
Ibeju-lekki has the advantage of massive network of roads connecting the new Dangote Refinery through the Lekki axis and Epe; and would eventually link it with the East-West lateral expressway, when completed. In addition, Ibeju-Lekki has great proposed international projects that will skyrocket every investment within the region.
Similarly, Arepo located on the Lagos-Ibadan expressway is directly accessible to the Lagos central business districts like Ikeja, Surulere, Ikoyi and Victoria Island. Arepo is a location on the fringes of Ogun state in which there are many high-class residential estates; as a result, it is often categorised informally as a part of Lagos State. It is most famous for its clustered up-scale estates.
As a result of the numerous advantages, shrewd real estate investors are projecting that the locations would command a huge return on investment within a short period. Industry analysists believe that the value increase could be between 40% and 60% on annual basis, with the potential of further increase overtime.
Their projections are based on the undisputed fact that property situated close to main roads and expressways are easily accessible, allowing for easy movement of people and goods. This is especially important in Lagos, where heavy traffic can be a major issue for commuters. Being close to a major road network provides convenience and saves time and money on transportation costs. This makes it an attractive feature for renters and buyers who prioritize accessibility.
In the same vein, the high demand for properties close to main roads and expressways results from the fact that most businesses require accessibility to move their products or services. Being close to the main roads or expressway is a key consideration when businesses are looking for locations to set up because it boosts the rental yield and capital appreciation of the property.
Areas close to major roads and expressways tend to have better infrastructure development compared to other parts of the city. Essential amenities such as healthcare facilities, schools, shopping centers, recreational facilities, and public transportation systems are easily available due to the increased traffic along these routes. These amenities increase the quality of life for inhabitants in the area, meaning properties located here will continue to appreciate in value.
Properties close to main roads and major expressways tend not to become obsolete anytime soon. The chances of the road being diverted or decommissioned are slim, providing security and assurance for investors over an extended period.
As a result of their locations on major expressway, property on both Ibeju-Lekki and Arepo axis enjoy value appreciation as more people move into the area on daily basis. This is because there is a limited supply of land, and as demand increases, the price of land goes up. Therefore, investing in land in such fast-developing area can provide a high return on investment within a very short time.
Above all investing in land in Ibeju-Lekki and Arepo could be a potentially lucrative opportunity due to their infrastructure development, tourism potential, affordable prices, and expected future growth.
Ibeju-Lekki and Arepo stands to benefit immensely from the exponential growth of the Lagos megacity. Lagos experiences continuous population growth and urbanization, with people flocking to the city in search of better economic opportunities. This influx of residents contributes to the rising demand for housing and commercial properties. Real estate investors can leverage this trend by investing in residential developments, rental properties, and mixed-use projects that cater to the diverse needs of a growing population.
Ibeju-Lekki and Arepo are toasts of quite a number of real estate companies offering land and houses for investors and home owners. Here are some of the properties on sale:
Garnet Estate, Ibeju Lekki, Lagos with Governor’s Consent
Outright Payment N30 Million per plot (400 Square metres)
6 Months Instalmental Payment N35 Million per plot
2.
Jasper Smart City, by Isheri-North GRA, OPIC-Lagos with C of O
Outright Paymental N30 Million per plot (400 Square metres)
6 Months Instalmental Payment N35 Million per plot
3.
Emerald Wellness City, Arepo, Lagos-Ibadan Expressway with C of O
Outright Payment N26 Million per plot (600 Square metres)
6 Months Instalmental Payment N26.5 million per plot
4.
Brooklyn Royal Court, Arepo, Lagos-Ibadan Expressway with C of O
Outright Payment ₦36,65 Million per plot (500 Square metres)
For inquiries and site inspection arrangements, kindly contact,
Ranti on WhatsApp: 0813 784 3401 & 0708 102 9880
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