Last Call: Why the ₦230M Entry Price at Axel Heights is a Vanishing Window
- Zikan Realtors
- Feb 9
- 2 min read
In the fast-paced 2026 Lagos property market, timing is often the difference between a "good" return and a "life-changing" one. As we enter the second month of the year, the data is clear: the Lekki Foreshore is no longer a hidden gem—it is the destination.
While we are currently offering the 2-bedroom residences at Axel Heights for ₦230 Million, this price is under immense upward pressure. If you’ve been searching for modern houses in Lekki, here is why this specific price point is a disappearing window of opportunity.
The "Construction Phase" Price Correction
Real estate pricing follows a ladder. At Axel Heights, we are moving through critical construction milestones.
The Valuation Jump: Traditionally, once a project moves from foundation to the carcass stage, developers implement a price review to reflect the reduced risk for the buyer.
The February Reality: With material costs for luxury finishes (smart glass, biometric locks, and EV infrastructure) adjusting to 2026 global rates, the ₦230M price is effectively the final "wholesale" rate before the next scheduled increment.
Market Comparables: The Gap is Closing
Let’s look at the neighborhood. In early 2026, similar 2-bedroom units in less-serviced parts of Lekki Phase 1 are already listing between ₦250M and ₦290M.
Instant Equity: By securing Axel Heights at ₦230M, you are essentially buying with ₦20M–₦60M in instant equity compared to the general market.
The "Foreshore" Factor: As more projects at The Nest hit the 75% sell-out mark, the "scarcity premium" will kick in, pushing the entry price for the remaining units toward the ₦300M mark by mid-year.
[Image: A high-contrast graphic showing an "Under Construction" building on one side and a "Fully Sold Out" sign on the other, with an arrow indicating rising value]
The 30% Appreciation Forecast is Already Moving
Our 2026 forecast of 30% Year-on-Year capital appreciation for the Foreshore isn't just a prediction—it's actively happening.
Infrastructure Boost: The visible progress on the Lagos-Calabar Coastal Highway and the dualization of access roads into the Foreshore are driving demand to record highs this February.
The High-Yield Magnet: Investors are flocking to Axel Heights because they see the ₦36M rental yield potential. More buyers mean less inventory, and less inventory always means higher prices.
Don’t Be the "I Wish I Had" Investor
Every great real estate story in Lagos starts with someone who bought "before the boom."
In 2018, people hesitated at ₦50M in Ikoyi.
In 2022, people hesitated at ₦120M in Lekki 1.
In 2026, Axel Heights at ₦230M is that defining moment.
Conclusion: The Choice is Yours
The scaffolding is rising, the infrastructure is landing, and the market is moving. At ₦230 Million, you are getting more than a home; you are getting a head start on the 2026 luxury curve. Will you be the one collecting the ₦36M annual yield, or the one reading about it?
🏢 Zikan Prop Solutions
🥇 Certified Real Estate Consultant | Multi Award-Winning Realtor
Helping you make the best real estate purchase & investment decisions.
📱 +234 703 000 3514
📲 IG: @zikanpropsolutions
Comments