Agungi, located in the Lekki Peninsula of Lagos State, is one of the fastest-growing suburban neighborhoods in the city. Positioned between Chevron Drive and Jakande, Agungi offers a perfect blend of residential comfort, growing commercial activity, and proximity to central Lagos, making it a highly sought-after location for both families and professionals. As urbanization continues in the Lekki corridor, Agungi is emerging as a prime area for property investment and real estate development.
Location and Accessibility
Agungi enjoys a strategic location along the Lekki-Epe Expressway, offering easy access to key business districts like Victoria Island, Lekki Phase 1, and Ikoyi. This connectivity makes it an attractive choice for professionals who want a peaceful residential environment without being far from the city’s central business hubs.
- Proximity to Key Landmarks:
- Victoria Island: ~20 minutes
- Lekki Phase 1: ~10 minutes
- Ikoyi: ~25 minutes
- Chevron: ~5 minutes
- Lekki Conservation Centre: ~10 minutes
With alternative routes available, residents of Agungi can avoid heavy traffic during peak hours, making commuting more convenient.
Residential Appeal
Agungi is known for its diverse housing options, catering to various lifestyles and budgets. The residential areas include modern apartment complexes, terraces, semi-detached houses, and detached homes. Whether you are a young professional, a growing family, or a retiree, Agungi offers comfortable accommodation choices that suit every need.
- Key Features of Residential Properties in Agungi:
- Gated Estates: Many parts of Agungi consist of gated communities such as Royal Pines Estate and Horizon Estate. These estates provide 24/7 security, paved roads, recreational facilities, and consistent power supply.
- Apartments and Duplexes: Agungi offers a wide range of apartments, including 2-bedroom, 3-bedroom, and 4-bedroom units, as well as duplexes and semi-detached homes, ideal for families needing more space.
- Modern Architecture: The properties in Agungi are designed with contemporary features, including open-plan living spaces, modern kitchens, and en-suite bedrooms, making it attractive to buyers seeking modern living spaces.
Commercial and Retail Activity
While primarily a residential area, Agungi is home to a growing number of commercial establishments. As more businesses set up along the Lekki-Epe Expressway, Agungi is benefiting from increased economic activity and local amenities.
- Shopping and Retail:
- Agungi Shopping Mall: A convenient mini-mall offering a variety of supermarkets, stores, and service-based businesses to meet the needs of local residents.
- Circle Mall: Located a few minutes away, Circle Mall is a major retail hub with supermarkets, fashion outlets, and restaurants.
- Schools: Agungi has several quality schools, making it an excellent location for families. Notable schools include:
- Meadow Hall School: A renowned private school offering both British and Nigerian curricula.
- Lekki British School: A well-regarded educational institution within close proximity to Agungi.
- Healthcare: Residents have access to Evercare Hospital, a top-tier healthcare facility located nearby.
- Dining and Recreation: The area has a growing number of restaurants and bars, offering a mix of local and international cuisines. Additionally, Elegushi Beach and other nearby resorts provide excellent weekend relaxation spots.
Infrastructure and Development
Agungi has benefited from significant improvements in infrastructure over the past few years, making it an attractive area for both residents and investors.
- Electricity and Water: Many estates in Agungi provide 24-hour power supply through private generators. While most homes rely on boreholes for water, plans are underway to improve public water supply in the area.
- Roads: The major roads in Agungi are well-paved, though some inner streets are still undergoing upgrades. The ongoing expansion of the Lekki-Epe Expressway is expected to further boost accessibility to and from Agungi.
Property Market
The property market in Agungi is growing rapidly, driven by its strategic location, affordable housing options, and ongoing infrastructure development. The neighborhood attracts both property investors and renters due to its rising demand and the appeal of a suburban lifestyle with easy access to central Lagos.
- Property Types and Prices:
- Apartments:
- 2-bedroom apartments: ₦35 million – ₦55 million (Sale) | ₦2 million – ₦3.5 million (Rent)
- 3-bedroom apartments: ₦45 million – ₦70 million (Sale) | ₦2.5 million – ₦4 million (Rent)
- Terraces and Semi-Detached Duplexes:
- 3-bedroom terrace duplex: ₦65 million – ₦95 million (Sale) | ₦3 million – ₦4.5 million (Rent)
- 4-bedroom semi-detached duplex: ₦80 million – ₦120 million (Sale) | ₦4 million – ₦5 million (Rent)
- Detached Houses:
- 4-bedroom detached house: ₦120 million – ₦180 million (Sale)
- Apartments:
- Factors Affecting Property Prices:
- Proximity to Lekki-Epe Expressway: Properties closer to the expressway generally command higher prices.
- Estate Living: Properties within gated estates tend to attract premium prices due to security and organized management.
- Age and Condition of the Building: Newer properties with modern amenities typically have higher prices compared to older ones.
- Rental Yields: Agungi offers attractive rental yields, particularly in the short-let apartment sector, targeting expatriates, young professionals, and business travelers. The demand for rental properties in Agungi continues to rise, offering investors competitive returns.
Future Prospects
Agungi’s growth is being fueled by ongoing infrastructure developments and the rapid expansion of the Lekki Free Trade Zone and Dangote Refinery. As Lagos continues to urbanize, areas like Agungi will become even more valuable due to their proximity to commercial hubs and major projects.
The anticipated Lekki Deep Sea Port, Fourth Mainland Bridge, and other large-scale developments will significantly boost Agungi’s property market and further increase demand for both residential and commercial properties.
Why Choose Agungi?
Agungi is a prime choice for both property investors and homebuyers looking for a suburban lifestyle with easy access to central Lagos. With its modern properties, gated communities, growing commercial activity, and excellent amenities, Agungi offers a wealth of opportunities for those seeking a peaceful, yet accessible, neighborhood.
Whether you are looking for a home in a quiet area close to Lagos’s business centers or an investment opportunity in an emerging market, Agungi’s blend of affordability, modernity, and potential makes it a standout location for residential and commercial real estate.
As development continues in the Lekki Peninsula, Agungi is set to become one of Lagos’s most sought-after locations, offering a promising future for both residents and investors.
Frequently Asked Questions (FAQ) — Agungi, Lagos
Q1: Where is Agungi located in Lagos?
A: Agungi is a residential neighborhood situated along the Lekki-Epe Expressway in the Lekki Peninsula area of Lagos State. It’s strategically located between Jakande and Chevron Drive, making it a convenient location for those working in Lekki, Victoria Island, and Ajah.
Q2: Is Agungi a good place to live?
A: Yes! Agungi is a sought-after residential area known for its peaceful environment and easy access to business districts. It attracts professionals, families, and expatriates seeking a blend of affordable and mid-range housing with good road connectivity.
Q3: What amenities can I find in Agungi?
A: Agungi offers a variety of amenities including supermarkets, shopping plazas, restaurants, schools, healthcare facilities, banks, and gyms. The proximity to major business hubs and the Lekki Conservation Centre is an added advantage.
Q4: How is the real estate market in Agungi?
A: The real estate market in Agungi is vibrant, offering both rental and sales opportunities. Rental prices for 2- and 3-bedroom apartments typically range from ₦1.5 million to ₦3.5 million per year, depending on the property’s condition and amenities. Land prices vary, with plots ranging from ₦40 million to ₦80 million, depending on proximity to the expressway and development status.
Q5: Is Agungi safe?
A: Agungi is generally safe and has a community-oriented atmosphere. Like any urban area, residents are advised to take basic security precautions. Many estates have gated security and neighborhood watch services to enhance safety.
Q6: Are there good schools in Agungi?
A: Yes, Agungi has several reputable schools catering to different levels of education. From nurseries and primary schools to secondary schools, parents have a range of options. Nearby areas like Chevron Drive and Lekki Phase 1 also host top-tier schools and learning centers.
Q7: How is transportation in Agungi?
A: Agungi benefits from its location along the Lekki-Epe Expressway, providing easy access to Victoria Island, Lekki Phase 1, and Ajah. Public transportation includes buses, shared taxis (keke), and ride-hailing services like Bolt and Uber. Traffic can be heavy during rush hours, but alternate routes are accessible.
Q8: What types of houses are available in Agungi?
A: Agungi offers a mix of housing types including serviced apartments, terraces, duplexes, and fully detached houses. The area caters to both middle- and upper-income earners, with many modern developments offering amenities like 24-hour power, security, and parking.
Q9: Is Agungi a good place to invest in real estate?
A: Absolutely. Agungi’s location along the Lekki-Epe Expressway and proximity to major business hubs make it an attractive option for real estate investors. Demand for both rentals and sales is strong, and property values continue to appreciate steadily.
Q10: What’s the cost of living like in Agungi?
A: Agungi offers a relatively moderate cost of living compared to prime areas like Ikoyi and Victoria Island. Housing is more affordable, and daily expenses—including groceries, transport, and utilities—are manageable for most middle-class families and professionals.
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