Lekki Phase 1 is a prime location in the Lekki peninsula situated on the Lagos Island with close proximity to Victoria Island. Although Lekki Phase 1 is predominantly a residential area, several businesses have found the scheme a suitable location for establishment as they can draw from the wealth of the residents. The top management staff of companies on the Lagos Island, high net worth individuals, expatriates who can conveniently afford the luxurious houses for rent in Lekki Phase 1 form the bulk of residents in the area.
Lekki Phase 1 is home to a good number of the luxurious homes on the Island which includes deluxe flat apartments, duplexes, bungalows, detached and semi-detached houses, mansions, terraced houses, townhouses and many others. Gated residential estates with serene and posh environs form more than half of the neighbourhoods in Lekki Phase 1 which has had the corresponding effect on the demand and prices of built up properties in the scheme.
Houses for rent in Lekki Phase 1 are in tranquil neighbourhoods with top-notch security and well-tarred roads that connect to other parts of Lagos easily. Lekki Phase 1 apartments for rent offer exceptional luxury as some of the houses are serviced and come with reliable power supply, swimming pools, gyms, furnished kitchen with cabinet, refrigerator, microwave among other facilities.
The prices of properties for rent in Lekki Phase 1 vary according to structure, specific location and ownership among others. A furnished and serviced 3-bedroom flat rent could cost about N3,500,000 per annum. You can rent a 4-bedroom terraced house at lower rates than duplexes and detached houses for N350,000 per month and N15,000 per day on short let apartments in Lekki Phase 1.