•The Millions They Pay As Rent
Oniru Estate is a popular area in Lagos. It is an estate where the rich love to live. Going into the estate surely tells you the caliber of people that live in the area. You need to be wealthy in terms of finance to be able to afford any accommodation in the estate. It is not for the faint hearted. Oniru Estate is also known as Victoria Island extension and it’s being managed by the popular Oniru royal family in Lagos.
For being a commercial nerve centre of Lagos with breath-taking mixed-use and iconic developments, Oniru which spans Ikoyi, Victoria Island and Lekki, is out with ambitious initiatives to transform the current estate into the most sought after neighbourhood to live, work and play.
Oniru is a top notch environment and there are several business establishments in the area. As a result, many people fancy owning properties in the neighbourhood. These facts positively influence the value of properties which is currently very good in the area. It is a neighbourhood in the spectacular Victoria Island area of Lagos. It’s a highbrow neighbourhood with serene and clean surrounding, made up of apartments with state-of-the-art designs. The Oniru area is one of the most sought after locations for property acquisition in Lagos. Many people prefer the area when making plans on where to reside in Lagos, also several companies have offices around the area. No wonder many big boys and babes moved to the estate because of its location.
The estate is a gated community with a clean and attractive environment. The roads within are interlocked and there are drainage channels on both sides. There are green areas in front of most houses within the estate. Remarkably, the palace of the King of Oniru can be found in the estate.
There are several smaller estates spread across the estate. Most of which are serviced apartments.
Notable amongst them are Crown Court Estate (1 & 2), Mabel’s Court, Tofarati Court, Crescent Park Estate, Philipanni Court, Demville Court and a host of others. In all these courts, you will find mostly all this big babes there.
Security in the estate is fairly reliable as it is gated, with security men stationed at the gate. The smaller estates within are also gated with restricted entrance to non-residents. The estate is generally safe to reside in.
This now posh area used to be part of Maroko Slum. Maroko was a community in Eti Osa Lagos state. It was adjacent to Ikoyi and east of Victoria Island. It was a low income area that attracted a lot of migrants since it was a close proximity to economically robust areas.
Flooding and sand filling affected Maroko during its life in July 1990, the Lagos state government under Raji Rasaki evicted residents of Maroko and demolished the community.
The late royal majesty, Oba Idowu Oniru was the patriarch and chairman of the multi faceted Oniru royal family estate. Lagos state compensated the Oniru family with sand filled part of Victoria Island extension now known as Oniru Estate. About 700 acres was given to the Onirus then 200 plots were used to build condominiums. That is why we still have some apartments in the estate which are still relatively affordable.
The condos are slightly affordable compared to apartments in other parts of the Oniru. Rent ranges from 800,000 to 1.2m per annum, the value of the condo depends on how well the owner has refurbished it. While other parts of Oniru, rents are relatively higher, a flat goes for 3-5 million naira per annum and detached houses go for 6-12 million naira depending on the amenities available.
Houses became more expensive when big malls, hotels like Four point by Sheraton spring up in that axis. Majority of the residents in this estate are young and middle aged people.
A Serviced large 1 bedroom penthouse in Oniru goes as high as 4 million whose features includes
Large Living room, Large bathroom, Water treatment facility, Swimming pool, Automatic Gate, Car ports for 2 cars, Generator house, Green area suited for garden and Service charges goes for 800k.
Many other facilities which has also contributed to the posh environment is the Buttercups School, British International School, The Riverbank School as well as Loreola Green School (private primary/crèche) in the area. There are some other good schools in the vicinity which includes:
Ocean Crest School, Lekki British School, Diamond School of Protocol and Etiquette
There is the Healing Stripes Hospital located in the neighbourhood. There is also the Barnes Hospital as well as Novo Health Africa located within Oniru.
There is Skye Bank, Access Bank and First Bank within the area. There is also an ATM point at the Palms Mall in Oniru.
There are also Top bars, lounges and hotels.
There are also several local commercial activities around the vicinity.
– TAYO OYEDIJI