Real estate is moving in the city of Enugu. From the sale and reselling of land to the construction of houses to the buying of houses, the real estate sector of Enugu is thriving. Many people are buying and building in Enugu. The problem is how do you buy it right? What are the best places to buy and build houses in Enugu?
In this post, we’ll be unraveling the best places to buy and build houses in Enugu. It won’t be much of a long post but you should know that all the areas listed here passed our criteria to be listed. They’d surely give a good Return on Investment (ROI) when you give it a try and do it right.
These places have the right location, houses here move for rent (you’ll recover your investment), and you don’t have to spend too much. Even in the cases where you spend much, you’ll recover your money in no time.
Now, let’s get down to the list.
Best Places to Buy and Build Houses in Enugu
1. New GRA
is a fast-developing area, and in the next 5 to 10 years, it will be hot cake. Instead of focusing on the main GRA or Independence Layout or New Haven, you can buy and build a house in New GRA. The return on investment will be amazing.
The necessary social amenities and public infrastructure can be found there. It is also well-planned. It is close to important places.
With a budget of 50 to 100 million nairas, you can buy and build good houses in this area. The price depends on the size of the house, and its location in the area.
2. Centenary Estate and Mini-city
If you can get a house to buy in this estate in Enugu, you should give it a try. This is because, in 5 years, the elites of Enugu will migrate to the place. It has the right environment, personalities, businesses, and infrastructure, that attracts them. It is also close to all the important places.
This place should be on top of your mind.
In this estate or mini-city, with 50 million to 150 million nairas you can buy and build a house there. The amazing thing is that the value of houses and land will continue to increase every year by at least 5%.
3. Golf Extension Estates
All the estates being built close to the old Golf Estate is another area to buy and build. This is because, like Golf Estate, the value will double in 5 to 10 years. They are modeled to be exclusive estates, so they might even be more elite than the old Golf Estate.
The estates are still developing, so you’ll get houses cheaper. The social amenities and public infrastructure are great as well. They are well-planned. Here, for around 25 million to 75 million nairas, you should buy and build houses, depending on the size and location.
4. Independence Layout Extension or New Enugu
This area is still very much developing and is mostly a virgin area. It is reported to be the new Enugu and an extension of the Independence Layout as it is very close to the elite area. Here, you are to buy land and build the house yourself.
The area is well-planned. It is still very much affordable. Since it is a government-planned area, there’ll be the necessary social amenities and public infrastructure with time.
In this place, with 20 million to 50 million you have bought land and built a house. It depends on the size of the house you want to build.
5. Ogui Area
This is the only old area we mentioned in this post because it is way cheaper to buy a house here and get your ROI than in other known parts of the city. The important aspect is that it is close to everywhere in Enugu, so you’ll always see renters or buyers.
With a budget of 20 million to 75 million nairas, you can buy and build houses in this area. It depends on the location and size of the house. The good thing about Ogui is that it is easy to get your investment back.
However, you should know considering buying from this area is when you want to buy for rent as renting properties and businesses move better here.
Conclusion
There are also other great places to buy and build houses in Enugu. However, the five mentioned here do well as the best places to buy and build houses in Enugu. They have the necessary amenities and would give you value for your money in different ways.