Located along the ever-busy Lekki-Epe Expressway, Agungi is a fast-growing residential and commercial hub in Lekki, Lagos. While it may not be as high-profile as Lekki Phase 1 or Ikoyi, Agungi is increasingly becoming a go-to destination for young professionals, growing families, and small business owners looking for affordable alternatives with proximity to the Lekki Peninsula’s vibrant lifestyle.
This guide takes a closer look at what makes Agungi an appealing neighbourhood — from its location and lifestyle to property prices and investment prospects.
Location and Accessibility
Agungi sits strategically between Jakande and Chevron Drive on the Lekki-Epe Expressway. Its location provides residents with easy access to major parts of the Lekki axis, including Lekki Phase 1, Victoria Island, and Ajah.
The road into Agungi itself is a mix of tarred and untarred sections, but recent government and private construction efforts have improved accessibility, especially on major streets like Agungi Road, Osapa London Road, and the Agungi-Idado link.
Residential Appeal
Agungi’s residential profile is diverse. The area is populated with gated estates, duplexes, terraces, mini-flats, and self-contained apartments, catering to a wide range of budgets. While not as luxurious as nearby Ikate or Lekki Phase 1, the homes in Agungi are modern and practical, offering comfortable living conditions for middle-income earners.
Most residential estates in Agungi come with 24/7 security, dedicated power systems, and a sense of community — especially in popular developments like Friends Colony and Northern Foreshore.
Cost of Living and Rent
One of Agungi’s major attractions is its relatively affordable rent compared to its neighbouring areas. Here’s a rough breakdown:
- 1-bedroom flat: ₦1.2M – ₦1.8M per annum
- 2-bedroom flat: ₦1.8M – ₦2.5M per annum
- 3-bedroom flat: ₦2.5M – ₦3.5M per annum
- Terrace or duplex: ₦3.5M – ₦5.5M+ per annum
Service charges may apply in gated estates, usually covering waste disposal, water, and security.
Infrastructure and Amenities
Agungi boasts decent infrastructure by Lagos standards. While some inner roads are still in need of upgrades, main roads are accessible and fairly motorable. Residents enjoy access to:
- Supermarkets like Ebeano, Market Square, and Blenco
- Pharmacies, clinics, and diagnostic centers
- Schools such as Caleb British International School and Ocean Crest School
- Restaurants and lounges, particularly along Agungi Road and nearby Chevron
Power supply is moderate, and many homes rely on a combination of PHCN and generators/inverters. Water supply is mostly from boreholes, but water treatment is common in estates.
Security
Agungi is generally safe, particularly within gated estates. However, like many Lagos neighbourhoods, residents are advised to remain security-conscious. Local vigilantes and estate security contribute to maintaining a secure environment. Police patrols from nearby stations in Jakande and Chevron also enhance security.
Traffic and Transportation
One of the downsides to Agungi is traffic congestion, especially during rush hours. The Lekki-Epe Expressway can get gridlocked due to ongoing construction or bottlenecks at Jakande and VGC. Despite this, the area is well-served by public and private transport, including ride-hailing services like Bolt and Uber.
Real Estate Investment Potential
Agungi is a hotspot for property investors. Demand for rental apartments, especially 2-bedroom flats and self-contained units, continues to grow due to the influx of working professionals and young families. Developers are taking advantage of available land to build smart homes, shortlet apartments, and affordable housing projects.
With the ongoing infrastructure development in Lekki (including the nearby Lekki-Epe expansion and Lagos-Calabar Coastal Road), Agungi’s property values are expected to rise steadily.
Conclusion
Agungi may not yet be a headline name in Lagos real estate, but it is quietly growing into a thriving and dynamic neighbourhood. With its strategic location, reasonable rent, and improving infrastructure, Agungi offers a solid mix of convenience, comfort, and value — whether you’re looking to rent, buy, or invest.
If you’re house-hunting in Lagos and want that sweet spot between affordability and accessibility, Agungi deserves a spot on your shortlist.
