Victoria Island is Lagos’s premier business-residential district. Its buyers — corporate tenants, expats, and investment buyers — are financially sophisticated and expect professional documentation, accurate pricing, and a clean title chain. This guide covers everything a seller needs to know.
Price your property right first
VI property values range from ₦35m for a 1-bed apartment near Ahmadu Bello Way to ₦2bn+ for a detached house in Oniru. Price per sqm varies sharply by sub-area: Oniru commands ₦800k–₦2.5m/sqm; Ahmadu Bello Way is ₦200k–₦450k/sqm. Research comparables before listing — aspirational overpricing extends time on market significantly in this buyer pool.
What VI buyers check on every property
Generator capacity (minimum 60KVA for houses), car parking (2+ spaces for 3-bed), 24-hour security, water source (independent borehole), fibre internet availability, and estate maintenance standard. These 6 factors are assessed before every serious offer — address them all in your listing description or buyers assume the worst.
The documentation that closes deals
Have ready before listing: C of O or Governor’s Consent, full Deed of Assignment chain, current registered survey plan, Lagos Land Use Charge receipts (2 years), and LASAA planning approval. A complete document pack shared promptly after a viewing compresses due diligence from weeks to days.