3-Bed and 4-Bed Fully Detached Bungalow with private pool
Eleranigbe, Ibeju-Lekki Lagos
₦75.00
Product Profile: Ẹ̀RÍ Lagos (Resort-Style Living)
Ẹ̀RÍ Lagos is a detached residential development located in Eleranigbe, within the Ajé Gardens area. The project is designed as a resort-style community, emphasizing privacy and individual land ownership within a gated environment.
Technical Specifications & Pricing
Unlike many developments in this corridor, the pricing for Ẹ̀RÍ Lagos is all-inclusive, meaning it covers the primary unit cost, survey, documentation, and developmental levies.
Unit Type | Plot Size | Price (All-Inclusive) | Key Feature |
3-Bed Bungalow | 300 SQM | ₦75,000,000 | Fully detached, private compound |
4-Bed Bungalow | 300 SQM | ₦80,000,000 | Maximum space utility for family |
Initial Deposit: ₦5,000,000.
Legal Title: Government Allocation (Primary-tier title supported by a Deed of Assignment and Survey Plan).
Construction Timeline: 12-month delivery cycle by Edgegate Homes.
Estate Utilities: Solar-ready electrical infrastructure, paved roads, CCTV surveillance, and resort-style green zones.
2. Strategic Location: The Eleranigbe "Airport Zone" (2026)
Eleranigbe has evolved into a high-demand residential node due to its proximity to the Lekki-Epe International Airport project.
Infrastructure Progress
Aviation Hub: As of February 2026, the Lekki International Airport has finalized federal funding rounds for its Phase 1 runway. Properties in Eleranigbe are directly within the primary support zone for future aviation logistics and staff housing.
Road Connectivity: The commissioning of the 2.4km Eleranigbe Road in late 2025 has significantly reduced "last-mile" commute times from the Lekki-Epe Expressway into the estate.
Multimodal Transport: The Lagos Green Line Rail, currently in the planning and early survey phase, is projected to have a terminal hub connecting this corridor to the Marina/Lekki Phase 1 axis.
3. Competitive Analysis: Ẹ̀RÍ Lagos vs. Other Bungalows in the area
For projects also priced at ₦75M for a 3-bedroom unit, the differentiation of Ẹ̀RÍ Lagos is in the title and the "hidden" costs.
Metric | Ẹ̀RÍ Lagos (Eleranigbe) | Others |
Title Quality | Government Allocation (Will need later perfection to C of O) | Certificate of Occupancy (C of O) |
Pricing Model | All-Inclusive (0 extra) | Base Price + Ancillary Fees |
Land Size | 300 SQM (Private) | Shared/Communal plots |
Privacy Level | Fully Detached (Private Compound) | Semi-detached/Bungalow units |
Location Utility | Airport & Aviation Focus | Industrial & Free Zone Focus |
Factual Insight: Ẹ̀RÍ Lagos offers a higher price efficiency because the ₦75M covers documentation and development fees, which typically add ₦5M–₦10M to the base price of properties.
4. Financial Projections & Investment Viability
Capital Appreciation (2026–2028)
Property values in the Eleranigbe axis are currently appreciating at a rate of 22% to 25% per annum due to the "Airport Ripple Effect."
Projected Value (2028): ~₦115,000,000 to ₦125,000,000.
Rental & Short-Let ROI
Given the "resort-style" finishing and private compound, these units are optimized for the Short-Let (Aparthotel) market.
Estimated Short-Let Daily Rate: ₦85,000 – ₦120,000 (standard for detached luxury in Ibeju-Lekki).
Annual Yield Potential: 15% – 22% (Net), significantly higher than standard long-term residential leases (~6–8%).
5. Summary for the Investor
For the Homeowner: Ẹ̀RÍ provides better privacy with a private 300sqm compound.
For the Investor: The "All-Inclusive" price tag simplifies the entry cost and protects against inflation in developmental fees.
Security: Government Allocation is one of the most stable titles in Lagos State, making it highly eligible for mortgage financing.