Introduction
Searching for a 2-bedroom off-plan apartment in Lagos? You’ve picked the “sweet spot” for Lagos real estate, ideal for high-net-worth investors and residents targeting maximum short-let and long-term rental income.
The price of a 2-bedroom off-plan apartment in Lagos’s prime investment corridors (Ikoyi, VI, Lekki, and Ikeja) currently ranges from ₦100 million to well over ₦750 million, depending on the location, developer reputation, and luxury specifications.
This specialized guide focuses exclusively on the high-end market segments where quality, amenities, and capital appreciation are guaranteed.
2025 Price Breakdown by Prime Location
The value of a 2-bedroom off-plan unit in Lagos’s core business and residential hubs is determined by its location, the quality of amenities, and the developer’s track record.
| Location Sub-Area | Investment Profile | Estimated Off-Plan Starting Price Range | Key Features Driving Price |
| Ikoyi (Bourdillon, Gerrard, Banana Island) | Ultra-Premium, Highest Appreciation | ₦390 Million – ₦750 Million+ | Exclusivity, waterfront views, smart home integration, clear C of O. |
| Victoria Island (VI) (Adeola Odeku, Eko Atlantic) | Executive Housing, Strong Commercial/Short-Let Yield | ₦250 Million – ₦600 Million | Business proximity, high-speed elevators, premium amenities, payment plans. |
| Lekki Phase 1 (Off Admiralty, Freedom Way) | Investor Focus, High Short-Let Income Potential | ₦180 Million – ₦310 Million | Modern architecture, gym, pool, proximity to nightlife and commercial hubs. |
| Ikeja GRA (Mainland CBD) | Executive Housing, Proximity to Airport/Mainland Business | ₦100 Million – ₦220 Million | Central accessibility, professional management, highly secure environment. |
Live Example (Ikoyi/VI): Premium off-plan 2-bedroom units in VI start around ₦350M and can reach ₦600M for serviced luxury apartments. Ikoyi units are the most expensive, often starting well above ₦400M. Developers like Kingford Homes specialize in these high-value, high-specification assets.
Key Factors Determining Your Final Luxury Cost
In the high-end market, investors pay a premium for reduced risk and superior amenities:
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Developer Track Record: In the ₦100M+ segment, the developer’s reputation for timely, quality delivery is the biggest factor. Trustworthy developers like Kingford Homes command premium pricing because their units appreciate faster.
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Payment Plan Terms: Even with off-plan flexibility, outright or shorter payment plans (e.g., 6-12 months) may receive a discount compared to extended 18-36 month payment structures.
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Title Verification: Properties with a clear Certificate of Occupancy (C of O) or Governor’s Consent are standard and non-negotiable in this market.
Investment Returns: Maximizing Yields in Prime Locations
The 2-bedroom unit is highly valued for its versatility, especially in the short-let market.
| Investment Type | Ikoyi/VI (₦350M Buy Price) | Lekki Phase 1 (₦200M Buy Price) | Typical Gross Yield |
| Long-Term Rental (Annual) | ₦10 Million – ₦15 Million | ₦7.5 Million – ₦10 Million | 4.5% – 6% |
| Short-Let (Per Night) | ₦90,000 – ₦150,000 | ₦60,000 – ₦100,000 | 10% – 15% |
Key Investment Insights:
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Ikoyi/VI: The focus is on prestige and capital appreciation. High-quality short-let properties in these areas promise exceptional daily rates.
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Lekki Phase 1: Offers the best balance for investors seeking high returns from short-let opportunities, leading to gross yields of 10%-15% for well-managed, amenity-rich properties.
Your Due Diligence Checklist (Focus on Developer Reliability)
In the prime market, due diligence should focus heavily on developer performance and legal certainty.
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Verify the Land Title: Hire an independent lawyer to confirm the developer’s title (C of O or Governor’s Consent is mandatory).
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Inspect the Developer’s Track Record: Before signing, visit the developer’s previously completed projects. Firms like Kingford Homes, which specialize in verified, high-end developments, set a benchmark for quality and timely delivery.
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Review the Contract’s Legal Protection: Ensure strong clauses are in place for the Completion/Delivery Date and penalties for project delays.
Conclusion: Starting Your Strategic Investment
The 2-bedroom off-plan apartment in Lagos’s prime areas (Ikoyi, VI, Lekki, Ikeja) is a robust asset that promises strong capital appreciation and excellent short-term rental yields. Your success hinges on partnering with a developer known for luxury, quality, and timely delivery.
Ready to secure your high-value 2-bedroom off-plan apartment in one of Lagos’s most profitable neighborhoods?
For verified luxury listings, transparent pricing, and personalized guidance on the best off-plan opportunities in Ikoyi, Victoria Island, Lekki Phase 1, and Ikeja, contact the trusted property experts at Kingford Homes today.
