Horizon Estates is handing over finished homes in Victoria Island Extension to buyers who have paid only half

Mention Oniru, or Victoria Island Extension as more people now call it, and most would-be buyers assume the price has already ruled them out. It is the kind of neighbourhood people drive through on the way to work and quietly file under “someday.”

Horizon Estates, the Lekki Gardens brand behind some of the most talked-about homes in the area, has spent years arguing that “someday” is closer than people think. Its latest offer pushes that argument further than ever.

Buyers can now move into a fully built home after paying less than half its value, with keys handed over within days, and settle the rest while already living there. No waiting for a structure to rise. No paying for years into a site you can only visit in hard hats. The home is finished and the family moves in first.

That alone would be unusual for this part of Lagos. What makes it harder to ignore is the price. Horizon Estates homes are already priced below comparable properties in the same location, house type for house type. Lekki Gardens, the mother company describes it as choosing a smaller profit so that ownership in a prime area stop being the preserve of a very small few, especially at a time when Lagos prices seem to rise faster than most incomes/salaries.

For professionals who spend a good part of every weekday on the Victoria Island and Lekki axis, the appeal is obvious. Living close to where the work is has always been a luxury in Lagos. A plan that lets a family start living there on roughly half the purchase price turns that luxury into something closer to a decision.

Investors have their own reasons to pay attention as the demand for quality homes on the doorstep of Victoria Island is rapidly increasing and an entry price below what the market is already paying is the kind of head start bulk buyers look for. Buy low, let the address do the work, and exit high.

Oniru was never really unaffordable for everyone, of course. It just needed someone willing to take less so that more people could get in.

Enquiries about Horizon Estates can be made on 0700 123 9002 or at www.hzelekki.com.