JAKANDE ESTATE, ISOLO, ONE OF THE MOST AFFORDABLE HOUSING IN LAGOS.

It shouldn't be an overstated if one says Alhaji Lateef Kayode Jakande was the best ever Governor produced by Lagos State and even the country as whole.

Late Lateef Jakande was a strong member of the Unity Party of Nigeria (UPN) and the party had four cardinal programmes- free education, free health, integrated rural development and gainful employment at that time. It was Alhaji Jakande that added Mass Housing in Lagos State to the list and today the legacies of those housing estates lived after him.

To build the housing estates, Jakande set up a committee to search for vacant land across Lagos State and had a list of lands twelve (12) months before the elections, that means he already planned ahead even before becoming the governor, a great lesson for everyone to always plan ahead for the future especially real estate investment. Had it been that the funds were invested on luxury vehicles for government officials his memories would have faded away for the reason that non of such vehicles will still be on the road this present time.

When he eventually assumed office, he asked civil servants to look for land, they told him there was none because landowners had sold them. He brought his prepared list of available lands to activate the scheme, so if someone tries to discourage you, once you are armed with strong information the problem is solved. The lesson from that is, negotiate rather than abandon your policies.

The Low Cost Housing Estate, Oke-Afa, Isolo in Lagos state is one of the many estates developed during Governor Lateef Jakande regime. Isolo is a town that lies in the Oshodi-Isolo local government area in Lagos state. This is a town that lies near Apapa-Oshodi Expressway and its major link roads are Mushin - Isolo Road enroute Lagos Polythenic, Isolo Campus. Meanwhile, the Osolo way Off Muritala International Airport road and Okota road, off Apapa - Oshodi expressway also link to Isolo. Also, one can access the estate from Ire Akari Estate and through the recently constructed Ajao Estate - Canoe bridge - NNPC deport road. Therefore, Isolo Lagos is a very popular and busy town in Oshodi-Isolo LGA. It is near Ago Palace Way, Ejigbo, Ire Akari Estate and Ajao Estate.

At Jakande Estate, Oke Afa, Isolo an investor can still get a well maintained 3-bedroom flat to buy at the price of between N12m and N13m depending on the floor level and a 2-bedroom flat for between N10m and N10.5m depending on the floor level and state of repairs.

A 3-bedroom semi detached bungalow (self compound) with a room boy's quarter sells for N25m or there about depending on the state of repairs.

Currently, a 3-Bedroom flat in the estate goes for a rent of between N700,000 and 750,000 per year and could be higher if upgraded. Meanwhile, due to the high rate of appreciation, in the next 3 or four years, a 3-Bedroom flat in the could be selling for N16m or a little more.

You can imagine the return on investment if one bought for N12m, collect rents for about 4yrs and resell for N16m or N17m.

Meanwhile, both the flats and bungalows command good rental values and could be resell at higher price after a while because of high appreciation rate due to increase in demand for properties to buy by investors in the estate.

Therefore, either it's planning for retirement, saving for children college fund or earning residual income, investing in real estate is a very good investment vehicle that could be highly effective.

Real estate investments are lower risk, yield better returns and offer greater opportunities. However, majority of young adults are ignoring this advice, instead, prefer saving their money in banks with little or no interest or investing in one Ponzi Scheme or the other whilst many believed that real estate investment is only for the super rich. No! Real estate investing is for everyone and you too can start today especially with the affordability of housing units in an estate like Jakande Estate Oke Afa Isolo.

Therefore, should you wish to invest in real estate by buying a property at Jakande Estate, Oke-Afa, Isolo, Lagos and ready with fund. You may contact us on +2349049045703 (Whatsapp only), +2348032296562 or send email to a2realmartoptions@gmail.com

Thank you.