Expert Recommend – Best Place To Buy Land Now For High Returns
- Posted by Karo Itoje in Land Tips and Advice
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One of my duties as a Property investment consultant is to help investors locate properties with high return on investment. Basically make recommendation on the best place to buy land at a given time for high return on investment. I’ve written a few articles on this website, especially the recent one I titled How I Help Nigerians Abroad Invest Safely And Get High ROI From Land Banking to guide prospective investors to locations with great potential for property appreciation. But making a choice among the options of estates you have in that location can be a bit difficult. So in this article I decided to help by making the decision easier for you. Basically the question this article answers is, if you have to pick one estate, which you usually do, which estate should you go for and why?
As an expert in Nigeria Property investment, when I make a land or property recommendation solely based on potential for price appreciation I make that decision based on the Location (neighborhood and property prices there), proposed estate amenities and the track record of the developer behind the estate. And this is what I have considered to recommend the estate I want to mention now.
So what is my Number One Estate recommendation to make your next Real Estate investment?
Whether you’re looking for a quiet place to live or a place that will offer you good returns on your money within a few years I recommend EAST AMBER ESTATE in Abijo Estate.
Update 02/04/2020
When I wrote on this topic I picked out one estate to recommend. However as our investment needs are different so will the best place to buy a land for us vary. There are certain factors to consider before you can decide on the best place to buy. And these factors I discussed in the video below.
Update 09/08/2019:
East Amber estate has now sold out. So the estate I now recommend whether you are looking for a place to live or to invest is Frontier Estate Bogije Ibeju Lekki. A lot cheaper than East Amber and farther than East Amber. But offers every benefit that East Amber also offers. And it is offered by same developer, Landwey.
Click here to see more pictures and inspection video of East Amber Estate.
In the previous article I wrote on this subject the two locations I recommended in Lagos that has good property appreciation now is Sangotedo and Abijo, both locations are just 5 minutes away from each other and they are just after Ajah Lekki. And of our current estates in these areas, I recommend East Amber to you.
Why East Amber Estate Abijo
First East Amber Estate is owned and being developed by the most progressive Real Estate developer in Nigeria, Landwey Investment Limited. The CEO of the company, Wale Ayilara, just celebrated is 30th birthday (August 2018). He is young, smart, innovative and progressive with his estate designs, it’s architecture and lifestyle combined (waterfall, greenery, Basketball Court, Potable water, Security etc). And in the short time the company has been operating they have proven to be a true developer not another land trader, currently developing about 5 of their estates concurrently. And East Amber estate is so far the fastest developing estate from the company. Within just 6 months of opening the estate for sale a lot of development has been done including perimeter fencing with electric wiring, street lights, gating, painting, interlocking of the estate entrance, Sales office building and Waterfall Well. And work is ongoing on site everyday. First batch of allocation has been done as at writing and ready to build.
Featured Amenities
- Sports and Recreation Centre
- State of the Art Security Systems
- Fantastic Architecture
- Street Lights and Decor
- Paved Road and Drainage
- Potable Water
Now let’s talk about what matters the most to property price appreciation, LOCATION.
East Amber Estate is situated at Abijo GRA, beside Nicon town II, Off Lekki-Epe Expressway Lagos State. It’s about 10 minutes drive from the biggest mall in Nigeria, Novare mall (Shoprite) and within a 5 minutes drive from the Lekki Epe Expressway. And just one turn from the road facing the Lekki Epe Expressway.
Estate Neighborhood
- Caleb British International School
- Corona School
- Greensprings Schools
- Lagos Business School
- Lufasi Nature Park
- Pan Atlantic University
Price of Land in Estates In and Around Abijo
- Abraham Adesanya Estate N15million (Ajah Lekki)
- Diamond Estate N16.3million (Sangotedo Lekki)
- Fara Park Estate N12million (Sangotedo Lekki)
- Fountain Springville Estate N23.6million (Sangotedo Lekki)
- Royal Garden Estate N42million (Ajah Lekki)
- Beechwood Estate N10.1million (Awoyaya)
- Amity Estate N13.2million – Still developing (Abijo)
- Mayfair Gardens Estate N25million (Awoyaya)
- Lekki Gardens Estate N16.8million (Ajah)
- Amen Estate N12million (Ibeju Lekki)
- Lakowe Lakes Estate N25million (Lakowe, Ibeju Lekki)
- Crown Estate N20million (Sangotedo Lekki)
- Pearl Garden Estate N20million (Sangotedo Lekki)
At N11million a plot, East Amber estate is well positioned to sell for at least N16million within the next 2 year. And if rental income is your goal then 2 bedroom flat in Abijo right now goes for between N450k to N550k. Within an estate with amenities such as East Amber it will go for N600k – N800k.
With these irrefutable points of mine I hope I have been able to convince you and not confuse you 🙂 that East Amber Estate is the best place to invest now for high return on investment,and also will make a perfect home for your family.
Estate Amber Estate Other Fees
Survey Fee – N500, 000
Deed of Assignment Fee – N250, 000
Development Levy – Starting from N3, 960,000/plot (See table below)
| Duration | 1 – 12 months | 13 – 18 months | 19 – 24months | Default fee after 24 months | Initial Deposit |
| Amount | 6,600 | 7,000 | 7,500 | 10% per quarter | 20% |
The developmental levy is the cost paid for the placement of infrastructure within the estate such as:
- Drainage Systems
- Electricity/Electric Poles
- Water Connection and Works
- Sanitary Sewer works
- Security Cams
- Street Lamp Poles
- Access Roads
- Interlocked Road network
- Recreational Facilities
- Perimeter Fencing
Note: The payment duration for the development levy only starts counting after your land has been allocated to you. So for example if you’re on a 6 months installment payment plan for the land, the 6 months would have had to elapse and you completed your payment and paid for survey and Deed for your allocation to be granted before your development duration period will start counting. Please for more information on what these fees are about read the article About Land Statutory Charge And Estate Development Levy.
Call/WhatsApp me (Karo Itoje) now on 09071070691 for questions and or to process an application for East Amber Estate.
