I would like to find out the current going price for a 3 bedroom Flat in Dolphin Estate, Ikoyi. We have a few properties which we would in future want to put on the market up for sale. Thanks.

Hey,
A 3 bedroom flat here in Dolphin estate goes for between 7 million to 8 million naira. U could give me a shout anytime u wanna do business. I live in Dolphin estate, my email addy is usalawu@yahoo.com.

usalawu:

Hey,
A 3 bedroom flat here in Dolphin estate goes for between 7 million to 8 million naira. U could give me a shout anytime u want to do business. I live in Dolphin estate, my email addy is usalawu@yahoo.com.

Hey,if l may ask is that sales price or rentage ? Looking for such place to buy one if possible,

Wandungu:

I would like to find out the current going price for a 3 bedroom Flat in Dolphin Estate, Ikoyi. We have a few properties which we would in future want to put on the market up for sale. Thanks.

Hi,post pictures and more details of the said properties in the near future whenever your ready to sale , could be interested

Hey that is the sales price not rent.

I'm interested in a related question: what would be the price for rent of a similar apartment?

@ Seun
Rentage ranges btw 350,000-500,000 per annum cos some houses are fitted with some extras by the owners.

That amount x 2yrs (350,000-500,000) will fetch me my own house in a less expensive location and the 7m-8m is enough to get a fantastic structure and a nice ride.

N7-8million? Wow! if the flats are going for that price, how much do the 4bedroom houses cost? I think i'm gonna be rich!!!

Wandungu:

N7-8million? Wow! if the flats are going for that price, how much do the 4bedroom houses cost? I think i'm going to be rich!!!

lmao

st1:

That amount x 2yrs (350,000-500,000) will fetch me my own house in a less expensive location and the 7m-8m is enough to get a fantastic structure and a nice ride.

Like that, shows you're a real thinker, ride on

Is that funny my dear?

At the same Dolphin estate some agent recently offered me a BQ (small bedroom+small sitting room with toilet, bath, kitchen and store) for N300,000 per annum. There was nothing fantastic about the house and it was not a new house.

When I see somebody say a 3 bedroom in Dolphin goes for N350,000-N500,000 p.a I wonder who the estate thought he was trying to be fast with.

I did not go for the BQ. Not worth it

@funloving: don't get your stuff mixed up. The BQ's in dolphin are the servants quarters for the 4-bedroom duplexes. The duplexes themselves go for between 1.2m to 2m, so you can imagine what the BQ's lease value will be - like 30% of that value.

The Dolphin flats, on the other hand, are a low-cost extension of the existing dolphin estate, and they are arranged six flats (of 2-3 small bedrooms) in one building, with approximately seven buildings per street. These are the ones that go for 300k to 500k per annum.

The residents of the duplexes look down on the ones living in the flats because they resemble the "housing projects" in some states in the US, Just as the residents of VGC look down on Dolphin residents because Dolphin estate is older and is falling into a state of disrepair (flooding problems, busted pavement, electricity wahala etc)

I live in Dolphin, so I know.

funloving:

At the same Dolphin estate some agent recently offered me a BQ (small bedroom+small sitting room with toilet, bath, kitchen and store) for N300,000 per annum. There was nothing fantastic about the house and it was not a new house.

When I see somebody say a 3 bedroom in Dolphin goes for N350,000-N500,000 p.a I wonder who the estate thought he was trying to be fast with.

I did not go for the BQ. Not worth it

Guess da guy wanted some quick bucks, lol, naija, when shall it be ok with us and money

All these money and quotations, can't someone just use the money and get himself a nice and clean decent apartment or even house in Ikeja or even Surulere

Ok, can someone please give me the correct price of: i. The 3 Bedroom Flats; ii. The 4 Bedroom Duplexes. We have 3 flats and 3 duplexes and I would like to put them on the market for sale when I visit Lagos next year December. Somebody please?

@Wandungu: I dont know the sales prices, but dont you think a lease might pay you off better? Most of the people who live in Dolphin actually lease (read: rent) the buildings, and 50% of them are companies or organisations.

@naija4life
You were not being swindled d estate agent was honest with you a B.Q actually goes for 300k p.a
Most houses in dolphin are old (all above 13years). The high sales price/lease is not for Dolphin Estate's aesthetic value it is simply cos of its location and security (Until Funsho Williams' Death). You can easily access most parts of lagos from Dolphin easily. Nothing special about the place, believe me apart from easy accessibility and reasonable amount of security (still) nothing really. terrible electricity supply most Duplexes have no water supply they either buy or create their own. I genuinely live in Dolphin Estate trust me I know.

@Gridlock
Don't mean to be rude but you don't seem to stay in Dolphin Estate, Ijeh your desricption fits the Dolphin estate in Adeniji Adele, Lagos Island. Dolphin Estate flats are made up of 5 streets of 8no. 3-bedroom flats not 6 and each street has an average of 14 blocks with the last street comprising of about 15-23 blocks of 8no. 2-bedroom flats.
Also most of the houses are privately owned not leased as you said. Many occupants in Dolphin own their houses. They got the property as compensation for the old low-cost housing estate (Jakande era) which were demolished in the early 90's. Most others do buy believe me they buy(There is mad money in Naira country). The price of property in Dolphin got high as a result of surroundindg property (Osbourne, Abacha estate) which are quite more expensive.

@Wandugu
The price for the 4-bedroom duplexes starts from 25million bucks. If you wanna sell/let out, I suggest you get an estate manager you know and can trust to help you with your pricing the duplexes sometimes go for as high as 36million. I genuinely live in Dolphin been here for more than 10years. The choice is yours to make. As I posted before 3-bedroom flats go for 7-8 million.

Gridlock:

@funloving: don't get your stuff mixed up. The BQ's in dolphin are the servants quarters for the 4-bedroom duplexes. The duplexes themselves go for between 1.2m to 2m, so you can imagine what the BQ's lease value will be - like 30% of that value.

The Dolphin flats, on the other hand, are a low-cost extension of the existing dolphin estate, and they are arranged six flats (of 2-3 small bedrooms) in one building, with approximately seven buildings per street. These are the ones that go for 300k to 500k per annum.

The residents of the duplexes look down on the ones living in the flats because they resemble the "housing projects" in some states in the US, Just as the residents of VGC look down on Dolphin residents because Dolphin estate is older and is falling into a state of disrepair (flooding problems, busted pavement, electricity wahala etc)

I live in Dolphin, so I know.

why are these residents looking down on each other? Do they live in very tall buildings or what?
no wonder the people in abuja look down on everybody in nigeria

7 million for a three bedroom flat is very good price

how is dolphin estate like
security
access to the whole of lagos
electricty
and other amenities

usalawu:

@Gridlock
Don't mean to be rude but you don't seem to stay in Dolphin Estate, Ijeh your desricption fits the Dolphin estate in Adeniji Adele, Lagos Island. Dolphin Estate flats are made up of 5 streets of 8no. 3-bedroom flats not 6 and each street has an average of 14 blocks with the last street comprising of about 15-23 blocks of 8no. 2-bedroom flats.
Also most of the houses are privately owned not leased as you said. Many occupants in Dolphin own their houses. They got the property as compensation for the old low-cost housing estate (Jakande era) which were demolished in the early 90's. Most others do buy believe me they buy(There is mad money in Naira country). The price of property in Dolphin got high as a result of surroundindg property (Osbourne, Abacha estate) which are quite more expensive.

Sorry usalawu, I DO live in Dolphin (abi Obalende/Ijeh has changed location?). The house i live in was leased(maybe i should have used the word rented) from the owner for approximately 2m per year. Maybe my estimate of the street lenght is shaky, i didnt actually count them (I'm sure you live in the flats ) But i sure do know that the true owners of the houses in Dolphin mostly dont live there - they let out their duplexes or flats. An a large number of the residents of the duplexes are actually companies, expatriates or "big men" - who can afford the rates. I am sure you can corroborate my story on the flooding and the messed up roads - have you seen the Main Gate after heavy rain, or that "river" before the police post roundabout (after the HFP way junction)?

@Gridlock
Sorry then (my bad). I stay on Eti-osa so u know , Well on the ownership/rent issue most still own their houses and live in them I happen to be 1. Moved in 1993 (Then the 4-bedroom duplex sold for 9million) so I know quite a lot about the estate having been there so long man. Well the flood hmmmnn! we thank God no rain for now so we are spared d,
Cheers

@Loverbwoy
Well security is still good. Access to most parts of Lagos is good, road networking within d area is fair but Electricity is TERRIBLE u must have a gen or 2 to enjoy living here.

@Gridlock
I happen to know about d flats well cos I got biz interests there,

I don't think the flats are a good place to live, it looks too crowded for 8 million, and its too close to obalende, sure dont want no hoodlums, scallywags and rogues around.

Mr. Sammie, which residential area is ritzier, Lekki Beach of Lagos or Cocody of Abidjan?

As far as I am concerned, the the flats section of dolphin estate is a slum. It is an over estimated place to live.

How is it a slum? Can you show me pictures of this so-called slum?

Here are some pics I took today

A view from the mechanic garage at the point where Ijeh barracks ends and Dolphin Flats begin

A view of one of the streets in the Dolphin Flats area

One of the buildings, close up. And a snapshot of the state of the streets after a minor rainfall.