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Current Price Of Dolphin Estate Flats: Anybody Know?

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.

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S̴̩☺̩ this Iƨ̣̣̣̇̇̇ dolphin estate, the dolphin estate. Like festac, its a middle class slum, can't the inhabitants contribute τ̅☺ paint. Gross environment.

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from the pics,the place looks very dirty.

i cant live there for free.

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So, what d price of the flats and duplexes now? Anybody knows?

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Hi.the price right now goes for between 12 and 14m depending on who is selling and why they selling.

james:estuary Ng.mail me,jumejames@hotmail.com

CHEERS.

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i do not have an ideas of price as the price even varies with time and location. so proper research should be made before any financial commitment

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Alright peeps, I need a bq at dolphin...can someone help a sister out?

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Abeg make una take am easy when you are busting Dolphin Estate. I live in one of the duplexes in Dolphin and one of the reasons i have not moved out is because it is centrally located . you can easily access the island and mainland from dolphin. I ,dont have to go throuh too much traffice go to work and geting back so i guess i can stick wit it. As per the PHCN wahala abeg everywhere in this city has Nepa issues the only thing i really hate abt the estate is the flooding during the rains. But asides that the place is ok. B4 i forget , crime rate is very very low in the area.

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Please check out my post. I am doing research so that I will soon give mortgage and real estate opportunities to people who want to buy a home in Nigeria, both abroad and in Nigeria. The rates and prices will be clear when I start it. But first I need to research the property market. this is only my preliminary research. I am trying to make a change!

http://www.nairaland.com/nigeria/topic-55819.0.html

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From the pictures and from my recent trips to nigeria it seems they have a problem with painting, and maintainance

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When it's close to the end of the month, (when PHCN goes around collecting money or disconnecting people) there's electricity for approximately 74% the day, but at other times the flats have power like 1/3 of the day. Everybody in the Flats has a generator (that's a generalisation, but you get what i mean)

And dont forget, the Flats have a really bad case of flooding during the rainy season - sometimes the water is shin-deep.

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The only bad thing about that estate is that the walls haven't been painted for a long time.

What about electricity? Can one pay to have constant power supply, or is one stuck with NEPA?

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It is not worth 8 million. i hate dolphin phase II

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I'd rather pay 8 million Naira for a nice flat at Ewet Housing, Uyo, than to purchase a building at Dolphin estate.

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

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Here are some pics I took today

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

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

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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.

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

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so getting a permanent flat in Dolphin estate cost 7-8 million Naira. that is not much i can afford that but i heard Electricity Wahala, that one fit change my mind oooo.

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@Gridlock

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

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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

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@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.

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@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.

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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?

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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

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@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.

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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

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Is that funny my dear?

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

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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!!!

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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.

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@ Seun

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

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

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Hey that is the sales price not rent.

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

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

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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.

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

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

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