Are you an investor looking to buy affordable lands in Epe for residential purposes? Ivory Hill Estate is a proposed residential community in Epe with 100% dry land. Unlike the typical busy Lagos, Ivory Hill Estate is located in the serene part of Lagos that is outside the busy Lagos. The estate has been planned to have perimeter fencing, a good drainage system, ample parking space, high-speed internet, multiple relaxation swimming pools, and an estate gate house.
For investors looking to invest in the rapidly growing estate, you may be more concerned with the land marks.
Ivory Hill Estate Land Marks
The landmarks and proposed infrastructure of a community determine how expensive and profitable real estate can be in that area. For Ivory Hill Estate, located in the heart of Epe, these are some of the proposed land marks:
- Dangote refinery
- St Augustine University
- Lekki free trade zone
- Epe resort and spa
- Epe fish market
- Yaba college of technology
- e.t.c
The importance of land marks in real estate
Landmarks play a very important role when it comes to urbanization, development, property value, land appreciation, and overall market dynamics. For residential communities close to major business, education and production environments, you’re sure to expect rapid increase in rental and property value because people working or schooling in those areas will need accommodation and proximity is going to be a major factor.
For example, Lekki is what it is today because of its closeness to major infrastructure, business buildings, and development. Victoria Island and Ikoyi are very expensive today because some of the richest men and women in Nigeria have their houses and businesses there.
Not-so-close environments are often also affected. For example, Ogudu, Gbagada, Magodo, and Yaba are some of the closest environments to the island. Rentals there are way more expensive than at other locations on the mainland.
Residential rentals in Ikeja are also very expensive because of the major buildings present in that vicinity. This shows how important landmarks are in real estate investment.
Landmarks: Why Ivory Hill Estate is the big deal
Imagine the current Lekki, Ikeja, Ikoyi, and Victoria island as a not too developed environment, and you were told an airpot, sky scrapers, 5 star hotels will be built there in the future. Will you invest there if it sells for two to five million Naira?
Currently lands in these locations sells for anywhere between 50 million Naira to almost a million dollars. These locations were once like the Epe of today.
Five years from now, Epe will start selling at ridiculously high price compared to now because of the landmarks. Some of which the government is working on already.
Here are some key aspects highlighting the importance of the listed landmarks in the development of Ivory Hill Estate:
Location Value: Being close to popular land marks like the ones listed above often times sky rockets the property prices.
Accessibility: Residential buildings and areas closest to landmarks like these ones are always considered quality and luxurious there by catching the attention of investors and business owners. The more businesses present in that location, the more people flock there for work. This will then lead to a high demand for residential buildings.
Tourism & Demand: Communities with popular landmarks often times attracts tourist and visitors. The influx of visitors can increase demand for airbnb rental spaces, positively impacting economy growth and real estate development.
Standard of living: The standard of living around popular landmarks gradually increases as businesses, tourist attractions, and commercial spaces move or gets established there. Living or working around such landmarks can also positively increase your standard of living alongside boosting the the real estate market.
Buy affordable lands in Epe: How to buy lands in Ivory Hill Estate
Buying lands in Ivory Hill Estate is very simple. If you’re the curious type and will love to know what the area looks like, you can do a virtual inspection of Ivory Hill Estate before initiating a chat with the sales reps and realtors.
Ivory Hill Estate currently sells for 2 Million Naira for 300 square meter, 3.2 Million Naira for 500 square meter, and 4 million Naira for 600 square meter. You can chose to spread payment for 6 months or 12 months with an initial deposit of 500 thousand Naira only.
Click here to know more about Ivory Hill Estate. – Connect with Varosi Properties on IG
