4.5/5
Oil Spring Estate
Abuja, Federal Capital Territory (FCT)
Description
A serene, gated residential community in the heart of Lugbe, known for its mix of fully detached duplexes and bungalows catering to mid-to-high-income earners.
Oil Spring Estate is a well-established residential development located behind the AMAC Market in the FHA layout of Lugbe. The estate features a blend of completed homes and "carcass" (unpainted/internal-shell) buildings, allowing owners to customize their interiors. It is characterized by its organized layout, secure environment, and proximity to the Airport Road, making it a favorite for those working in the city center or at the Nnamdi Azikiwe International Airport.
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Key Features
Elite 24/7 Security
Manned gatehouses and perimeter fencing integrated with a professional security protocol for resident safety.
Paved Road Network
High-durability asphalt internal roads designed with integrated covered drainage systems for year-round accessibility.
Dedicated Power Grid
Connection to a dedicated transformer ensures stable electricity supply from the national grid to all units.
Central Water System
Industrial-grade borehole and central water treatment plant providing clean, pressurized water to every household.
Amenities
- Gated Security
- Perimeter Fencing
- Street Lights
- Drainage System
- Green Areas
- Waste Management
- Proximity to AMAC Market.
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Location
- Oil Spring Estate, Behind AMAC Market, FHA Layout, Lugbe District., Federal Capital Territory (FCT)
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Investment Opportunity
15% – 20% annually.
Expected ROI
5% – 8% per annum (Standard 4-bedroom duplexes rent for ₦4m–₦6m).
Rental Yield
Approximately 10% – 15% yearly as infrastructure along the Airport Road continues to improve.
Capital Appreciation
- Proximity to Airport
- Secure Gated Environment
- FHA Title (R of O)
- High Occupancy Rate
- Solid Resale Value.