Pinnock Beach Estate: The Best Gated Community in Lekki
If Pinnock Beach Estate was a person, it would be your friend’s cool parent; calm, serene and down for a good time. Away from the hustle and bustle of Lagos’ bright lights, busy roads and loud noise is this scenic estate that boasts exclusivity. Pinnock Estate is one of the most sought-after locations in Lekki and arguably, Lagos.
Text: Delani Adewuyi
First-time visitors at Pinnock Beach Estate tell us that their first thought is; “how many millions will this set me back by? ” They say that anyone who walks into the estate is immediately taken by it and willing to be a part of paradise. The estate is one of the few neighbourhoods in Lagos where every single house looks notably different from the one next to it, while still maintaining a contemporary style. Some would say it’s a nice cross between Malibu and what living in a country community feels like.
The main draw to the area is that it strikes a good balance between being enclaved in a cocoon, while still being conveniently positioned. It has the reputation of being one of the highest valued waterside communities in the Lekki community.
The most valuable lots are the ones by the sea-side and at the side of the arc. The homes on multiple lots and at the centre of the estate, though not at the sea-side, enjoy from high points an amazing view of the sea and at the far end of the estate lies the ‘serviced area’- which holds flats, apartments and terraces
for people looking for smaller spaces.
“From the well-tarred roads to treated water, 24 hours security, good drainage, well-organised walk-ways and so much more, Pinnock Estate stays ahead of its time technologically.”
Superb infrastructural facilities complement the contemporary vibe of the community to create a perfect environment. From the well-tarred roads to treated water, 24 hours security, good drainage, well-organised walk-ways and so much more, Pinnock Estate stays ahead of its time technologically.
In the last five years, Pinnock Beach Estate has seen an appreciable increase of about 38% in land prices which is far greater than what was recorded in surrounding estates. Property prices/rents in the estate are determined largely by the lot size and the inherent amenities. However, on average, the sales price for a detached house in Pinnock Beach Estate stands at N190 million while rents range from N6.5 million to N7.5 million. Like other estates around the world, amenities such as gyms, cinema and pools increase property value by 17% on an average and a review of activities in the estate forecasts growth of 4% in prices of houses and a 6.5% growth in land prices over the next 6 months.
Life in PBE, with its multi-cultural outlook, is definitely luxurious. The seaside and safe playing areas are all facilities that have made the estate, not just one for the growing family but for anyone hoping to live a life devoid of Lagos-related stress. Like other places in Lekki, PBE is not spared from construction activities as it is still a growing community but it still reiterates a pleasant peacefulness that pervades the entire community.
Today, entertainment and business professionals find Pinnock Beach Estate attractive for its aesthetic qualities as well as its privacy. Prime attractions of Pinnock Beach Estate also inclined its multi-cultural demography and its many beautiful homes.
Average Rental Prices (Per Annum)
Contemporary Homes: N7,500,000
Traditional Styled Homes: N6,500,000
Average Sales Price
Semi-Detached: N160m Detached: N190m
Land: N135,000/sqm Source: CWRE Lagos.
Positives
Purely residential
Well maintained
School
Easy accessibility to businesses, shopping malls, leisure destinations etc
Peaceful environment away from the chaos of Lagos
Negative
Traffic during rush hour
Delani Adewuyi is the Director of Professional Services at CW Real Estate, Lagos, a firm of innovative and unconditional real estate experts. We provide services such as marketing sales and rental, property management, research valuation and advisory as well as investment advisory among others. Our team comprise market executives with over 10 years experience and a solid network of contacts. Our principals are a trusted resource to various development, investment, government and media organisations in Nigeria, that require counsel on matters regarding real estate.
Featured in Prestige Nigeria Issue 1 Vol. 4 2019
