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Lagos rental areas offer different levels of income and long-term capital growth for property investors.
Choosing the right neighbourhood can mean the difference between a steady income and stagnant investment.
This guide highlights the best Lagos areas for both rental income and property appreciation, helping investors make informed decisions.
Ikeja and Victoria Island: Premium Lagos Rental Areas
Lekki and Ajah remain the most sought-after areas for rentals and off-plan properties.
Why they perform well:
- Strong infrastructure development (roads, bridges, and commercial hubs)
- High demand from young professionals and expats
- Luxury apartments, shortlets, and gated estates dominate the market
Rental yields: 7–12% per annum
Expected capital growth (5 years): 20–30%
Investors who partner with trusted real estate firms like Cedar Equities enjoy pre-vetted listings and hassle-free management.
Learn more here: 👉 Cedar Equities
(Source: Cedar Equities, 2025)
Ikeja and Victoria Island: Premium Rentals and Corporate Demand
Ikeja and Victoria Island attract high-income tenants and corporate clients.
Why they perform well:
- Proximity to business districts and commercial hubs
- Consistent demand for apartments and office spaces
- High-quality estate developments
Rental yields: 8–14% per annum
Capital growth: 15–25% in top estates
These areas are ideal for investors seeking stable income with medium-term growth.
For professional portfolio management, check 👉 Real Estate Portfolio Management
Yaba and Surulere: Affordable Growth Opportunities
Yaba and Surulere are perfect for investors seeking affordable properties with strong rental potential.
Highlights:
- Popular among students and young professionals
- Growing tech and startup hubs increase rental demand
- Affordable land and apartment prices compared to Lekki or VI
Rental yields: 9–12% per annum
Capital growth: 10–20% over 5 years
With strategic property selection, these areas can deliver high ROI with lower upfront costs.
Lagos offers diverse investment opportunities.
- Lekki & Ajah: High growth, luxury rentals
- Ikeja & Victoria Island: Corporate demand, steady income
- Yaba & Surulere: Affordable, growing rental demand
Smart investors combine location, property type, and management to maximize returns.
Partnering with Cedar Equities ensures secure investments and hassle-free management: 👉 Cedar Equities
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