If you are looking for lands for sale in Epe, Lagos, this is an article you need to read right now.
Epe is a town in Lagos State. It is located on the north side of the Lagoon. It is currently a hot destination for people looking to invest or build in Lagos State, Nigeria.
In this article, you will see the available lands for sale in Epe, their prices, and how to purchase them.
Is Epe a Good Place to Buy Land?
Epe is the second best place to buy land in Lagos currently after Ibeju-Lekki.
The Lagos State government created a free trade zone, a sea port and an international airport at Ibeju-Lekki. Some of these projects are almost complete.
As the construction of these projects are ongoing, lands in the Ibeju-Lekki and Epe region keep appreciating.
If you notice, when real estate consultants are talking about Epe, they always include the projects going on at Ibeju-Lekki. This is because Epe’s success is tied to Ibeju-Lekki.
With projects like the Dangote refinery and the Lekki Free trade Zone, Ibeju-Lekki is the new commercial city of Lagos while Epe will become a bubbling residential city.
Most of the lands in Ibeju-Lekki have been taken or are quite expensive, so real estate developers are moving down to Epe.
Epe also has big projects like the Lagos, Ejirin Film City, Dukia Africa resort (the proposed largest resort Estate in Africa) and Lagos Central Food security systems and logistics hub.
How Much is A Plot of Land in Epe?
Most of the plots of lands for sale in Epe are in the 300, 500 and 1,000 square meter range. The price for a land in Epe varies from ₦1,500,000 to ₦30,000,000.
There are various factors that determine the price for a plot.
Some of these factors are;
- How close the land is to Ibeju-Lekki.
- The Estates surrounding the land.
- Is it waterfront land?
- If this land is inside an estate, the kind of projects and facilities that will be constructed within the estate matters.
- The title of the land (certificate of occupancy, gazette, governors consent etc).
Lands for Sale in Epe, Lagos
Below are some of the best lands for sale in Epe that you can invest in right away;
Monte Carlo Resort and Residence:
Monte Carlo is a waterfront estate located close to Sarunmi street, Epe. The developers of Monte Carlo plan to build a cosmopolitan metropolis – a densely populated city with beautiful infrastructures and residents from different countries.
This estate will be designed like a modern city inside the city of Epe.
Directly opposite the Monte Carlo estate is the Lekki lagoon. It’s about 45 minutes drive from the Dangote refinery, 6 minutes drive to Alaro city (another billion dollar project on the axis).
Proposed Facilities
When this Estate is completed, it will include the following;
- 24 hours electricity.
- Resort.
- CCTV monitoring
- Jetty.
- Big shopping malls
- Beach
- Soccer pitch.
- Arcade centers and so many more.
Land Title
Governor’s Consent
Price
A 300 sqm plot goes for 12.5 million Naira, 500 sqm goes for 20 million Naira and 1,000 sqm goes for 40 million Naira.
You can make an initial deposit of 4 million Naira, then spread the balance within 12 months.
Are you interested in getting a plot at Monte Carlo? Click here
The Boulevard (Ketu, Epe)
The Boulevard is a newly launched estate located at Ketu, Epe, Lagos. It is approximately 715 meters from the Ikorodu-Epe road, which leads to the new Lekki-Epe international airport.
One of the selling points for the Boulevard Estate in Epe is its nearness to the road.
The area where the Boulevard Estate is located is projected to develop with an amazing speed because other real estate companies have bought lands in that area and are constructing already.
Another reason why you should consider buying land at the Boulevard Estate in Epe is the proposed Lagos Film City at Ikosi-Ejirin Epe (Ikosi-Ejirin is about 25 minutes away from the Boulevard Estate).
The Lagos State Government has signed a memorandum of understanding (MOU) with Del-york creative academy to build a film city at Ejirin, Epe on a 100 hectares land. A film city is a place with specific structures where movies are made.
For instance, if a producer wanted to create a movie with a historical theme, they need to locate a city with such features to make their jobs easy.
Ejirin is a historical city in Lagos. It was one of the most active trade ports during the colonial eras before the Apapa port was built.
When this film city is completed, it will attract both local and foreign movie makers to the area. It will also drive up the price of properties within the axis. This will also attract big businesses like 5 star hotels.
Proposed Facilities
The Boulevard estate, Epe will come with the following facilities when completed;
- A Drainage system.
- Good road network
- Green areas
- Clean water supply.
- A perimeter fence for security
- Good road network.
Land Title
Free hold
Price
The original price for a 500 sqm plot is 3.8million Naira while 300 sqm is 2.8 million Naira. Since this project was newly launched, you can get it at the pre launch price of 2.8 million (500sqm) and 1.9 million (300 sqm). Contact us by clicking the chat icon at the bottom-right corner of your screen to confirm if you can still get it at the prelaunch price.
If you buy 6 plots of 500 sqm and pay outrightly (at once), instead of paying 22.8 Million Naira, you will pay 18.1 million Naira and get one extra plot of 500 sqm for free. This promo will run until February 28th, 2023.
You can pay in 6 installments for this land. You must pay an initial deposit of 500,000 Naira then spread the remaining balance by 6 months.
Naevia Town (Arogbo, Ketu, Epe, Lagos)
Naevia town is a 100% dry land estate located at Ketu, Epe. This estate is still surrounded by a lot of bushes, the closest town to it is Imoru town and, still in Epe. However, this won’t be the situation for long because other real estate companies are equally buying large expanses of lands around Naevia town quickly.
Some Estates close to Naevia town are The Boulevard, Highbridge Cedars Estate, Ara Garden City and Land of Gold estate.
Naevia town is 1.5km from the Ikorodu-Epe road, which is about a 3 minutes drive.
It’s a nice investment if you have plots of land within this area. You can also purchase this land for land banking purposes but you won’t have to wait for too long to resell.
Proposed Facilities
When Naevia town is completed, it will come with the following facilities;
- A perimeter fence.
- Good drainage.
- Green areas.
- Street lights.
- Maximum security.
- Access to clean water.
- 24/7 Power supply.
Land Title
Registered Survey
Price
A 300 sqm plot at Naevia town costs 1,550,000 Naira and a 500 sqm plot costs 2,600,000 Naira. If you want to pay in installments, you can deposit 50% of the initial price and pay the balance in 3 months.
Coral City (Igbooye and Omu, Epe)
There are two Coral city estates in Epe, one is at Igbooye and the other is located at Omu, Epe. These two towns are border towns between Lagos and Ogun state.
Just like other estate projects located in the Epe axis, Coral city has the potential to bring in a huge return on investment. However, Coral city is best for land banking.
Land banking is the act of buying land and holding it for a longer period with the intention of reselling. The developers of this Estate are not planning to develop it anytime soon.
You can purchase this land for your kids or unborn kids. When they mature, they can sell this land and use the proceeds to set themselves up.
Land Title:
Certificate of Occupancy (In view).
Price:
A 500 sqm plot goes for 3,500,000 Naira. You can purchase this land with an initial deposit of 1,000,000 and spread the balance between 6 months. You can also spread your payment to 12 months after the initial deposit but there will be an interest which will result in you paying a total sum of 4,200,000 Naira.
Where Should I Buy?
There are few factors that determine which of the lands for sale in Epe you should buy. Some factors to consider are how much you want to invest, will you be using the land for land banking? If yes, how long are you willing to wait? Do you want to build on the land?
If you want a land in Epe that you can buy with little money for land banking and get your ROI within a shorter period, the best option for you is the Boulevard estate in Epe.
My reasons are because it’s close to the road, it’s affordable and the developers are ready to start working on it immediately.
If you are looking for the best property for land banking, I recommend Coral city. You can buy it for your kids or unborn kids and leave it for maybe 20 years. When your kids are done with their University education, they can sell a few plots and maybe start a business with it.
If you have big bucks to spend on land in Epe, then your best bet is Monte Carlo. Monte Carlo is where the 1% of the exclusive population will reside in Epe. Waterfront properties like Monte Carlo are expensive all over the world.
For the price Monte Carlo is currently selling, it is a great deal. Once the building of the facilities commences, the value will begin to skyrocket. You can decide to resell or build a house in it to rent or live.
How to buy Land in Epe
If you are interested in any of these properties, follow the steps below to purchase them;
Send us a chat
The first step is to reach out to Propertyscout to find out if the prices for the listed properties have changed. Sometimes the prices may have increased or there might be an ongoing deal/promo.
Send us a message by clicking the chat icon at the bottom-right corner or send us a message on WhatsApp.
If there’s a price reduction, we will let you know and help you facilitate the land procurement.
Schedule an Inspection
You have chosen the land you want to get, you have confirmed from us if the land is still available and the price valid, the next step to take is to schedule a visit to see the land. If you are not in Nigeria at the moment, you can send a colleague to help you check out the land.
Fill the form
After confirming the land, you need to fill the land procurement form. The details you fill on this form will appear on the receipts and official land documents.
We can send you a copy of this form, you fill and send it back to us. If you are in Lagos, we can bring this form to you.
Make Payments
When you are done with the steps above, you can make payments for the land into the developers account which will be provided to you. This account usually carries the name of the developer/owners of the lands
Get Receipts and Land Documents
If you make payment in full for the land, you will get a receipt as proof of transaction, the land will be allocated to you and you will get the documents for the land.
This document can be sent to you if you are outside Nigeria.
Thank you for reading our article on lands for sale in Epe, Lagos. You can also read our article on best places to buy cheap land in Lagos.
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