Ikate, also known as Ikate Elegushi, is a vibrant residential suburb located along the Lekki-Epe Expressway in Lagos State. Often considered an extension of Lekki Phase 1, Ikate offers a blend of modern amenities and traditional charm, making it a sought-after destination for residents and investors alike.
Strategically situated along the Lekki-Epe Expressway, Ikate provides residents with easy access to key areas such as Victoria Island, Ikoyi, and Ajah. Its proximity to commercial hubs and entertainment centers makes it a convenient choice for professionals and families.
Ikate boasts well-paved roads, reliable electricity, and water supply. Residents enjoy access to shopping malls, restaurants, schools, and healthcare facilities, contributing to a comfortable and convenient lifestyle.
The neighborhood offers a variety of housing options, including luxury apartments, terraced duplexes, and detached houses. The real estate market caters to different preferences and budgets, making it attractive to both homebuyers and investors.
Houses for Sale: The average price is approximately ₦275 million, with prices ranging from ₦75 million to ₦1.2 billion, depending on location, size, and features.
Houses for Rent: The average price is around ₦10 million per annum, with rental prices varying between ₦3 million and ₦28 million per annum.
Here are some available properties in Ikate:
Luxury 5-Bedroom Fully Detached Duplex with Swimming Pool
A contemporary 5-bedroom fully detached duplex featuring a swimming pool, cinema, home automation, fully fitted Italian kitchen, and spacious living areas. Located in a highly secured estate. Price: ₦350 million.
4-Bedroom Terraced Duplex
A luxury 4-bedroom terraced duplex with modern fittings, spacious rooms, and a fully fitted kitchen. Situated in a secure and serene environment. Price: ₦220 million.
2-Bedroom Furnished Apartment for Rent
A fully furnished 2-bedroom apartment with en-suite bedrooms, fitted kitchen, modern interior design, and air-conditioning. Located within a secure environment. Rent: ₦13 million per annum.
Ikate offers a blend of residential comfort and urban excitement. The presence of shopping centers, eateries, and recreational spots ensures that residents have access to essential services and leisure activities. The neighborhood is also home to reputable educational institutions like Brooke House School, providing quality education to residents.
Due to its proximity to Lekki Phase 1 and other prime areas, Ikate has been experiencing increased demand from individuals seeking more affordable alternatives without compromising on location. This spillover demand has led to a rapid emergence of Ikate as a preferred residential suburb, offering promising returns for real estate investors.
Ikate, Lekki, presents a harmonious blend of modern living and traditional charm. With its strategic location, diverse real estate options, and vibrant community, it stands out as a prime choice for individuals seeking residence or investment opportunities in Lagos.
For more detailed information or to explore available properties, consider visiting reputable real estate websites or consulting with local real estate agents specializing in the Lekki area.
