Howdy everyone

New casting call for a reality cooking show/documentary

DM us at @matestrystudios on instagram to apply

Alternatively you can send us a whatsapp +234 911 093 7901

Good luck

Might be a bit of a long shot but are any of the motherboards still available?

Gamesmart:


Thank God you get it and are objective.

The point that the typical Lekki developer has that local and razz mentality of just looking for profit, rather than build outstanding quality product, means I can never pay such $641K price for the home.

I just can't trust them at eye-value for the quality of the house itself. It is when I live there for 5 years that I will start seeing it fall apart, despite its shininess now. $641 is the money for seriously high quality properties in other climes.

Land value in Lekki, Ikoyi, VI, Banana Island etc will not keep going up. They will go down once the government can build mass-transit train networks to connect people from other parts of Lagos and from Ogun state. Those are where land values will go up. Businesses will be able to spread out.

Land values in these posh and upmarket places will even go further down considering the number of reclaimed land islands taking place that are increasing supply.

If the government then let the Chinese help, not only with transportation, but with real estate to plug the housing shortage, then many developers/home owners in the Island/Lekki-axis are just finished because the Chinese will not give local and razz mentality constructions. Then maybe houses in Ibeju-Lekki or Badagry would be of high quality.

Other challenges apart from alternative supply are increased supply and decreasing demand.

Increased supply is the fact that many are just building rapidly in Nigeria because the Nigerian mentality for fast, easy, I-will-be-a-millionaire-tomorrow and copy-copy mentality has resulted in most Nigerians thinking real estate is where the money is without checking the fundamentals. They have seen it work in USA, UK, Italy or whatever, so they have (like typical Nigerians) decided to copy without looking at whether Nigeria has the same fundamentals. Almost anyone with capital in Nigeria is going into real estate and hence increasing supply, but yet thinking they can charge the same high prices despite demand not increasing and poverty being pervasive.

Less than 0.1% of Nigerians can afford these houses to buy/rent and this volume is decreasing, not increasing, as real income keeps decreasing in Nigeria. And this will get worse after Coronavirus and electric motors kill the O&G industry.

So if the buyer of this house cannot find people to rent it for N6m per year, but yet paid N250m for it, then I laugh in Igala.

E don carry loss! Money dey go gutter be that.

In reality, I know the house will only rent for N3-point-something-million but I selected N6m because it was the outrageous maximum I thought possible and wanted to avoid any argument about my knowledge of rental prices. Those that can afford N6m rent are likely working on the Island and would prefer to stay there too. There are many vacant properties on the Island and these are increasing, so I don't see people moving to Lekki to rent for that figure.

I try to be as objective as possible, thing about land, it always increases in value overtime

I think the thing is you can't also blame developers alone, Lagos State Govt does not care about enforcing quality standards or city planning with regards to new buildings. So it's a free for all situation. As long as people keep buying into all these developments the construction will continue to go on, so that suggests demand is still there somewhat.

The mass transit systems could be a game changer but I think the slow rate at which Lagos State is building the rail systems give or take 20-30 years before we see a lasting solution to the endless gridlock that plagues Lagos.

However if you look at a lot of major cities world wide there always tends to be a major highway or network of highways that surrounds that city. Allowing for free flow of traffic from one end to the other. Lagos lacks that, and even by geographic layout it's not so feasible to construct such a road network (Lagos being surrounded by water).

Also, on a federal level, I believe with enough time and a diversified economy other states will begin to boom and Lagos might not be the hotcake for new developments. There's so much potential for other states to get it right as long as their state governments do the right thing.

Gamesmart:


No, I would not.

Why? Because I think it is overpriced for its value, component & neighbourhood.

This is a house that lacks any greenery. That itself is a warning sign that the owner and builders lack class, exposure and common sense for me to trust that the rest of the build is of high quality.

If I was to rent the house out for N6m a year every year, it will take me 42 years to get my money back. If I invested the same sum in a property in other countries, my N250m will be made back in 15 to 28 years, considering the rental rates there.

Worse still, Nigerian neighbourhoods, including Lekki are ghettos by world standards.

No way is the house worth N250m ($641,000).

If they want to sell it for N150m ($385,000), then it might be worth it.

Well said, the lack of greenery is always a concern with houses in Lekki, I feel that's what gives a neighborhood like old ikoyi the ever so slight edge above lekki. In my opinion Lagos needs to go green.

However most developers are just looking at their profit margins and to them a tree is taking up space that could be used as extra parking or space to squeeze in another unit.

Land value in lekki keeps going up over time, maybe it's still a good investment choice (in the long run) based on that, as long as the house itself is kept in good condition and does not depreciate too much.

*Buying said property for the purpose of renting out would be a big mistake because properties that aren't as spacious (for example a newly built 3 bedroom "luxury flat" in ikoyi) could cost you upwards of 100m to buy. Landlord expectation is to rent out that same flat for 6m-15m per annum. How much more would a landlord that keys into this property charge for rent. On that note, how many people can afford it in the first place.

*All things being equal the real estate market in Lagos does need some correction/regulation with regards to pricing.

walkwithgod:
Good product, wrong target market.

you should learn a thing or two about marketing and sales.

Mostly building backlinks here to boost SEO rankings, definitely wrong target market here my brother

YoungandDepress:
My story is quite a sad and long one.
I wish I could write it all out. My life has been a terrible mess.
Where did it go wrong for me, I have no idea.

I am writing with so much emotion, my heart is full and heavy.
Life is bitter.

I am a 23 years old guy.
My life all started to go in the negative direction when I gained admission at age 16.
A 16 years old boy in the university, so much freedom and exposure.
I messed up my life, I became addicted to bet9ja virtual gambling I lost focus, Gambling killed me, I started failing exams, at the end I dropped out without my parents Knowing, but the truth came out when I was supposed to graduate, I could not hide it anymore. I told them the truth, my parents forgave me like the prodigal son.

They still believed in me especially my mom, she keeps reminding me of how intelligent I used to be.

Well I'm not here to talk about my past life but here to talk about how it is still affecting me today.

Ever since I started university all over again, I have been miserable and frustrated. Nothing has been working in my favour. I'm currently now in 200level hoping to graduate before 25.
All my mates I started with have done their NYSC.

I'm still stuck in the same stage.
I have no idea what I am doing with my life. I'm young, broke and depressed. I get irritated over little things. I feel disgust at how I uselessed my youthful life. How gambling destroyed me.

By the grace of whichever god exists, I am no longer addicted to gambling. I have quit the addiction for almost a year now but nothing changed, I still feel miserable. I hate having people around me even my family members including my mom.

I have no true friends. Nobody checks on me, nobody calls me.

At this age, I can't boast of having 500 naira in my account.
I'm broke and miserable.

I have started hating God and question my belief in God. I hate Sunday's. I hate hearing about God, I don't blame God for my troubles but I'm angry at the fact that despite my parents being dedicated Christians, things are not working well in my family.
My elder ones are graduates, but no solid job yet.

Only my eldest brother who is doing quite well now and I thank God for his life but we don't talk. I can't remember the last time I called him on phone. They don't hate me, I hate myself.
I have disappointed them a lot.


I just lost the last #1000 I had in my life today and I cried. The money fell out my pocket when I went to get something.

At 23 years, I have no idea what I will do with my future.
I still live with my parents and I have never rented an apartment of my own even in school.

What is wrong with me, why am I miserable?

I have no good clothes. My clothes are all worn out.
I have nothing doing, i live off my parents.

Since schools were shut down, I have been at home doing nothing.
Completely broke, damaged and miserable.

Can my life be any better. What do I do. I am depressed.
I keep asking myself these questions but there
Seem to be no answer.

Don't give up bro
It's always darkest before dawn, your past does not define who you are today.
As for being a broke student that's totally understandable, a lot of us have been there...no one really expects you to go into business for yourself or get a job whilst studying.

However you should try to get some skills or even a vocation that can fetch you a little bit of income...try selling something, or maybe try your hand at something like photography (I know a few people that I have personally trained in this profession and today they are financially independent from being photographers)
There are also odd jobs you can do here and there. Point is it's not the end of the world, use what you have...if you want to discuss more on income ideas send me a PM I'd love to help out with some advice.

Bump

Bump

Bump

Post bump

Upaka:


Any available BQ in Lekki

no

CyberEBOLA:
250 million and no decent garage. I am sure there is no pool too.
yeye house

lol

pyyxxaro:
This one naa small thing for them Akpabio and NDDC men naa


There go just buy 4 , share am give nollywood ladies




If money de , e nor reach buy naa

I swear down lol

HarunaWest:

You are a bad property marketer, you didn't state the number of rooms, bath, space, public amenities available et al.. You talking bout finishing. Don't you know that clients are more concerned bout the former than the latter.

lol boss no vex, click the link above to see all the full details init, all the specifications are there

The question in the thread is about whether you would buy or not

Correct guy

godwinnd:
If i have the money why not

More pictures

This Naira 250 million house is up for sale in Lekki Phase 1, if you have the dough to spend on it, would you purchase this beauty?
If not, why?

Just in case you want to check out more pictures and see other houses like this you can check out other houses for sale in lekki through this link https://www.lekki-houses.com/for-sale/

Amenities & Features
Stamped tiles
Cinema Room
Pool
Solar Panels
Ultra-high ceilings
Cool tone tiles
Walk in closets
High water pressure
Big doors
Bluetooth sound system
POP ceilings
LED lights
Chandeliers
Plenty of parking space

Bump, book an inspection with this beauty
It's free

More pictures

This 5 bedroom semi-detached house in Osapa London is up for sale. Also, this property is more spacious than most semi-detached and terraced houses in Lekki.

There is also a 5 bedroom fully detached unit in the same compound going for Naira 90 million

You do not want to miss this opportunity, you can book an inspection by calling us on +234-703-517-3343.


You can also check out more properties like this on our website

https://www.lekki-houses.com/for-sale/

Nearby Services

Furthermore, this house is located close to services such as:

Lekki Circle Mall
A great range of banks
Domino's Pizza
Jakande market
Lekki Conservation Centre

Ground Floor

Firstly, the ground floor features a living room and dining area which is extremely generous with regards to space. Also, the kitchen is fitted, comes with appliances, a double sink, and separate storage area. The staircase is wide which shows you that it's really a luxurious property.

First & Second Floor

The first floor comes with three bedrooms. One of which is a tad bit smaller than the rest. This could be used as a kids room or guest room as it should comfortably contain a single bed. There is also a lounge room on the first floor which could be used for family chilling or letting your kids play with their friends.

Lastly, the second floor features the master's room and madam's room. Both of which have great views and nice cross ventilation. Both of these rooms sport bigger bathrooms than the others and both contain bathtubs and standing showers.

All bedrooms are ensuite, and there is also a lounge on the second floor.

P.S. Looks better than the pictures, construction just finished so there is a lot of dust on the floor (will be cleaned up professionally before you take possession)

Amenities & Other Features
Fully serviced
Not many units in the compound
Also, each unit is entitled to 2 parking spaces.
9 foot high ceilings.
Cool tone tiles.
Located within a gated estate

More images and floor plan

One unit remaining of these 3 bedroom flats for sale in Lekki Phase 1.

You do not want to miss this opportunity, you can book an inspection by calling us on +234-703-517-3343.

You can also check out more properties like this on our website

https://www.lekki-houses.com/for-sale/

Description

Scandic Court One is a new development that was completed in December 2019, location wise it is in a flood-free area and close to several essential services.

Scandic Court is inspired by Finnish design. All flats are all minimalistic and feature wooden floor tiles. Also, they have fitted open kitchen spaces.

This home is good as an investment/rental property.
Or for young couples/single persons who would like to purchase their first home.

Amenities & Other Features

Warm tone tiles
Garage
24 hour electricity
Garden lounge/terrace area on first floor

Bump

Either that or pay for advertisment

Still available, one unit now remaining

Looks lovely, good luck with the sales bro

5 Bedroom Terraced House in Lekki Phase 1
2 units remaining of this 5 bedroom terraced house in Lekki Phase 1. The selling price is well within the average for houses in this area. Also, this property is wider than most semi-detached and terraced houses in Lekki. This means bedrooms and the living room are bigger than similar properties.

Furthermore, similar houses in Ikota are priced around the same price point. However, you have to deal with estate dues as well as traffic during rush hour. Due to the location your daily commute need not be as time-consuming.

You do not want to miss this opportunity, you can book an inspection by calling us on +234-703-517-3343.

You can also check out more properties like this on our website

https://www.lekki-houses.com/for-sale/

Selling price is Naira 130 million

Nearby Services
This house is located not too far from the second Lekki interchange. Within good proximity to a wealth of services. Such as a bustling nearby gym Fitness Central, and Leisure spots such as Rufus & Bee or Lekki Leisure Lake.

Ground Floor
The downstairs living room comes with an open dining area which can also be extended if you do not desire a garage. As it is you can comfortably place a 6 seater dining table in the dining area. The kitchen features cooking hubs integrated into the counter and an extractor fan.

First & Second Floor
The first floor comes with a lounge area and three ensuite bedrooms.

Lastly, the second floor features a huge master bedroom that contains a walk-in closet and a huge balcony. Also, the second floor also features a madam’s room. Furthermore, madam’s room windows can be demolished to make way for a second entrance to the balcony, which should allow more natural light and fresh air to come into the house.

Amenities & Other Features
-The property features an astroturf which is ideal for children to play in the evenings.
-Also, each unit is entitled to 3 parking spaces.
-24/7 electricity is guaranteed by 2 big generators.
-9 foot high ceilings.
-Cool tone floor tiles.
-LED ambient lighting strips are placed in the ceilings for moody effects.

opebiboy:
Na big preek he take kill the girl. She too like to show her big breasts

Don't mock the dead

Simplecity:
Just curious abeg what is the use of cat except for catching rat

Lol

Bought a whole lot of computer parts through Temi a few weeks back...now my desktop is all set.up and ready to go.

Thanks bro

Still available? Message me 08091705815
I want to buy a kitten

Where do i start from, Temitimx19 has been 100% reliable and professional, had no doubt in my mind dealing with him.

About to place a second order with him today, thanks again bro