It is very easy to get fast developing residential land in Epe. Ivory Hill Estate is one of the fast-developing estates owned by Varosi Properties. Ivory Hill is located in one of the most futuristic and high-demand residential areas in Epe, Lagos, Nigeria.
Why Epe, Lagos?
Lagos State is the most populated city in Nigeria and is considered a no man’s land. The majority of dwellers in the state are people from other states and tribes in Nigeria who came into the city seeking greener pasture or to do business.
The fast pace at which the population of Lagos increases yearly prompted the Lagos state government to focus on developing more rural areas for residential settlements. Considering that Lagos is also a business hub, the Lagos state government also wanted a settlement that would attract investors and business moguls.
Epe, Lagos, Nigeria, happens to be the closest to some of the most developed parts of Lagos, Nigeria, like Lekki and Ajah. The ongoing development in the community has significantly impacted the value of land, housing, and rentals.
Currently, Epe properties and lands have an appreciation rate of 50%–100% annually and can increase to as high as 200% in a couple of years. The high return on investment has attracted many real estate brokers who are willing to invest in the development of Epe.
Landmarks of Epe, Lagos, Nigeria
Since the buzz around real estate in Epe, Lagos, Nigeria,. There has been some ongoing development in the region that keeps attracting investors, aside from other factors that make the region a good location for residential settlements, which we’ll discuss shortly. Some of the notable developments include the Dangote oil refinery, Epe resort and spa, Alaro Satellite City, the Lekki free trade zone, a new seaport, a new airport, universities and other infrastructural development.
This development will not only raise the demand for residential homes but will also attract big companies to open branches in the area. The combination of all these will have a significant impact on the value of lands, properties, and real estate.
Cost of living in Epe
The cost of living in Epe, Lagos, Nigeria, is relatively cheap compared to other locations in Lagos. Usually, a 2-bedroom apartment on the island costs 2.5 million Naira, depending on the location. In Epe, you can get the same thing for less than 600 thousand Naira which is relatively cheap considering that Epe is also located on the island.
Epe is not only cheap to live in but is also more nature-driven. Compared to the noisy and busy Lagos, you’ll still easily see farmers and have access to fresh produce. If this is a big factor in your day-to-day life, then Epe is worth considering.
An overview of Ivory Hill Estate
Ivory Hill Estate is a fast-developing luxury residential estate in Epe, Lagos. The estate is located in the serene part of Epe as an escape from the buzzing and busy Lagos life.
The estate is planned to have all the basic amenities and infrastructure needed for day-to-day living. The estate is promised to have quality perimeter fencing, a good road network and access to the main road, a good drainage system, ample parking space, high-speed internet, a swimming pool, and a gatehouse to monitor security.
The estate will not only be good for those of you who are looking to reside there, but it is also a good investment considering the land marks and developments ongoing in the community. Soon, companies will move there to start operations, and definitely, their employees will be in need of residential property to stay close to their work place.
Either you’re looking for a serene environment to escape to or you’re looking to invest, Ivory Hill Estate is your best bet.
Ivory Hill Estate: Cost of buying fast developing residential land in Epe
You can buy anywhere from 300 sq m to 600 sq m by first depositing 500 thousand Naira. 300 square meters cost 2 million naira, 500 square meters cost 3.2 million naira, and 600 square meters costs 4 million naira.
You can decide to spread the payment across 12 months by first depositing 500 thousand naira. The payment for six months and twelve months remains the same as the outright payment. Isn’t that a good deal?
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