Anthony Village – An Asset For Real Estate Investors

Deborah K. Vick

Anthony village is located near the northern part of Lagos state and the neighboring locations are Ikorodu road, Oshodi express way, Maryland, Mende, Obanikoro, and Gbagada. Anthony village is bounded in the north of MENDE, in the south by OBANIKORO, in the west IKORODU and GBAGADA in the east.

Growth level and population in Anthony village is fairly good with residential neighborhoods and a few commercial users. Major growth in this location are a block of flats and lesser detached /semi detached houses and a bungalow with pockets of tenant building.

Physical Surrounding/Environment of Anthony is very conducive because the roads are tarred and adequately interconnected, blessed with urban amenities such as hospitals, schools, police station and banks etc. Anthony village comprises of high class, middle and low class people. Some buildings in AJAO ESTATE are beautifully finished with floral plants. The price of rental analysis in Anthony village includes: N1.4m – N1.8m for 12 months and the type of houses will be a semi detached wing of duplex, N600,000 – N750,000 for 12 months also for a 3 bedroom apartment, N350,000 – N500,000 for 12months for a 2bedroom apartment.

Vacant lands are also available but are situated in the swamp region which will require a lot of sand filling. The cost of land could be between N10m to N15m depending on the size. A bedroom detached house could sell between N45m to N60m whereas a semi detached house could sell for between N25m to N30m depending on the relative location. (Residential/commercial location) level of finishes, title documents subsisting and plot sizes.

The terrain is flat and well drained; property costs are fairly convenient for asset purposes. Anthony village is a suitable place for business and living.

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