Shortlet Apartments in Ikate Lekki ROI & Airbnb Investment Guide)

Shortlet Apartments in Ikate Lekki (Airbnb Investment Guide 2026

April 26, 2026

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PROPERTY FOR SALE IN IKATE LEKKI LAGOS

Shortlet apartments in Ikate Lekki generate between ₦70,000 – ₦180,000 per night, with annual ROI ranging from 15% to 30%+, depending on location, furnishing quality, and occupancy rate. Ikate is one of the most profitable Airbnb zones in Lekki due to its proximity to Lekki Phase 1, beaches, nightlife, and expat demand.

Apartment-for-sale-lekki-phase-1 (4) — **Apartment Listing in Ikate**

1-2-3-bedroom-apartments-elegushi-lekki (2) — **Apartment Listing in Ikate**

Why Ikate Lekki is a Hotspot for Shortlet Investment

Ikate sits strategically between Lekki Phase 1 and Chevron, making it one of the most commercially viable residential areas for short-term rentals.

Key advantages:

Close to Lekki Phase 1 (high demand overflow)
Near beaches, lounges, and nightlife
Strong expatriate and diaspora demand
Good road access and infrastructure
Premium yet more affordable than Lekki Phase 1

This positioning makes Ikate ideal for Airbnb and shortlet business models.

Average Cost of Shortlet Apartments in Ikate

Property Type	Purchase Price	Furnishing Cost	Total Investment
1 Bedroom Apartment	₦80M – ₦130M	₦15M – ₦25M	₦95M – ₦155M
2 Bedroom Apartment	₦120M – ₦180M	₦20M – ₦35M	₦140M – ₦215M
3 Bedroom Apartment	₦180M – ₦300M	₦30M – ₦50M	₦210M – ₦350M

Download lekki Price List, Updated Monthly

Airbnb Daily Rates in Ikate Lekki

Property Type	Low Season	Peak Season
1 Bedroom	₦70k – ₦100k	₦100k – ₦140k
2 Bedroom	₦100k – ₦150k	₦150k – ₦200k
3 Bedroom	₦150k – ₦250k	₦200k – ₦350k

Peak periods include:

December holidays (Detty December)
Easter
Summer diaspora return season

ROI Breakdown: Shortlet vs Annual Rent

Scenario: 2 Bedroom Apartment in Ikate

Investment: ₦160M total

Option 1: Annual Rent

Rent: ₦5M – ₦7M/year
ROI: ~3% – 4%

Option 2: Shortlet (Airbnb)

Assumptions:

Avg nightly rate: ₦130k
Occupancy: 50% (15 days/month)

Monthly revenue:
₦130k × 15 = ₦1.95M

Annual revenue:
₦1.95M × 12 = ₦23.4M

Expenses (management, cleaning, utilities): ~30%

Net income:
₦16M/year

ROI: ~10% – 18% (conservative)
High-performing units reach 20% – 30%+ ROI

Download lekki Price List, Updated Monthly

Ikate Property resource insight

What Drives High Airbnb Income in Ikate

1. Interior Design Quality

Modern finishing, smart TVs, luxury furniture = higher nightly rates

2. Location Within Ikate

Properties closer to Lekki Phase 1 command higher demand

3. Amenities

Swimming pool
Gym
24/7 power
Security

4. Listing Optimization

High-quality photos and pricing strategy improve occupancy

Who Should Invest in Ikate Shortlets

Ideal for:

Diaspora investors looking for passive income
Nigerians earning in dollars
Investors targeting short-term high cash-flow
Real estate portfolio diversifiers

Not ideal for:

Investors needing guaranteed fixed income
Buyers unwilling to manage or outsource operations

Risks You Should Know

Regulatory changes on shortlets in Lagos
High maintenance and operational costs
Occupancy fluctuations
Property management quality issues

Mitigation:
Use professional shortlet management companies.

Best Property Types for Shortlets in Ikate

1-bedroom luxury apartments (highest occupancy)
2-bedroom apartments (best ROI balance)
Duplexes (premium segment)

Final Verdict: Is Ikate Good for Airbnb Investment?

Yes — Ikate Lekki is one of the best areas in Lagos for shortlet investment because it offers:

Strong rental demand
High nightly rates
Strategic location
Better entry price than Lekki Phase 1

For investors targeting cashflow and diaspora-driven income, Ikate is a top-tier option.

Lekki Property Insight

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