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Affordable Housing: What to Rent for N150k – N350k in Jibowu/Yaba/Ebute Metta Axis of Lagos

| General Articles, Nigeria Real Estate News | May 22, 2012

House

Due to many factors that ranges from commercial; educational and particularly, the locality’s easy access to other parts of the Lagos metropolis, the Jibowu/Yaba/Ebute Metta axis of Lagos will forever remain a hot hub as far as the property market in Lagos State is concerned.

Expectedly, property seekers are attracted to the axis because of all the convenient trappings it has got to offer. These factors on the other side, has pushed up the rent paid for accommodation, and subsequently, forced prospective tenants who will like to secure apartments in the neighbourhood look elsewhere for their housing needs.

propertysearch.com.ng takes a look at the types of apartments prospective tenants can secure with a budget ranged between N150k and N350k naira in these areas.

  • Jibowu

The Jibowu area comprises of Fadeyi, Yaba Tech, Underbridge and Empire. Apartments in this area are not usually easy to come by, given the huge students population that are always competing amongst themselves to secure ‘hostels’ as some of these accommodations are called. Depending on whether the building is new or old, and the type of facilities found within and around such apartments, self-contain apartments go between 150k to 180k per annum. A mini-flat/studio apartment ranges between N200k to N250k per annum, while a 2-bedroom flat can cost up to 500k in this area, but with a careful search, one can be lucky to get a decent flat for N350k per annum.

  • Yaba

Spencer, Sabo, Alagomeji, Onike, Iwaya, Univeristy Road, and Montgomery are all considered part of Yaba. Like Jibowu and indeed any other area in this environs, property in the listed areas are keenly seek too, and a bit on the high side. However, investigations revealed that with a budget of N200k per annum, one can get a decent self-contained apartment in these places. Mini-flats/studio apartments ranges from N250k to N300k. Although not exactly within the price range, it is somehow possible through careful search, to secure  2-bedroom apartments in these places for N350k.

  • Ebute Meta

Ebute Meta is divided into Ebute Meta East and Ebute Meta West, although the Adekunle end of the locality is sometimes considered part of the area. Now that the old buildings around Abeokuta; Odunfa, Ibadan, Kano, Glover and Lagos streets are giving way to new buildings housing modern apartments, rent in this neighbourhood is gradually shooting up. 1-room self-contained apartment with its private facilities such as kitchen, toilet, and sometimes parking space goes between N150k to N200k. Mini-flats/studio apartment can be secured between N250k to N300k, and with some bit of luck and careful search, 2-bedroom flat can be rented between N300K and N350k.

It is worthy to mention that in the Jibowu/Yaba/Ebute Metta axis, rent is often calculated per number of rooms in the apartment, and charged in excess of two years and above.

  

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Post / Read Comments

  • sunny J

    Need an apartment

  • http://www.facebook.com/bimbomichaels Bimbo Michaels Akinyemi

    If you ladies @Onyeka, Paulina and Kenny get any…can you let me know please as i also need one around that area.

  • bee

    i need a self contain around fadeyi pls reply

  • john adedoyin

    i need a room self contain around yaba, surulere,ilupeju,maryland. please 07062204257

  • mauri

    i need a mini flat at ogba, alimosho, ajao estate etc for rent going for 150k and nothing more than that. thanks. call me on 08062582050

  • Chris Ugo

    My name is Chris Ugo and email is chrisoegbo@ymail.com.Please I am in need of a room self contain within Surulere axis with a budget of 180k-200k for two years.Thanks.

  • Becky

    Please I need A̶̲̥̅ room α̲̅πϑ palour self contain or A̶̲̥̅ two bedroom flat in jibowu yaba α̲̅πϑ environ an M̶̲̥̅γ̲̣̣̥ budget ȋ̝̊̅Ƨ̷̜̌̋ 15ok to 250k.

  • Hope

    i need a room self contain in costain, ebute-metta surulere that i can connect easy to Victoria island route wit no stress, budget is 100k-150k. contact no:+2347065160825. Thank you.i will be very glad to hear from you.

  • akinogun realty

    I need a room self in ebute metta urgently.

  • Ayodeji

    Please I need a room and palour self contain or a room apartment in alagomeji or akoka yaba my budget is 100 to 150k. 08166497356

  • maxwell

    please i urgently need a room and parlour, kitchen and toilet (mini flat) with in onipanu shipelu, palmgroove,jibowuor WAEC/YABA TECH axis. price:180-200k for 1yr. if anybody has such apartment within such rent should contact me on 08038330873. pls

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