In the real estate industry, most expensive areas take the crown. Considering the high resale value of property in Awka and almost guaranteed return on investment (ROI) those areas have, it’s easy to understand why they are always in high demand. 

Usually, every state and city has such areas, so interested investors have their pick of choice property at any time.

Thankfully, Awka is not left out in this regard. Awka is the capital city of Anambra State in southeastern Nigeria with about 164.2 km² area. 

Due to rapid urbanization happening to the city, Awka has grown remarkably in its real estate sector over the years. Interestingly, as the Awka continues to develop, certain areas have emerged as the most expensive and desirable places to buy property in the city. 

In this article, we will explore these most expensive neighborhoods, providing insights into what makes them so sought-after and valuable.

Read Also: 7 Questions You Should Ask Before Buying a Property in Awka

The Most Expensive Areas to Buy a Property in Awka

Here are some of the most expensive highbrow areas you can buy both landed and developed properties in Awka. 

1. Ngozika Housing Estate

Ngozika Housing Estate is arguably the most luxurious location in Awka. It is designed to provide a high standard of living and privacy for its residents.

This gated community offers top-tier amenities, including private security, well-maintained roads, green parks, and recreational centers. 

Properties in Ngozika Housing Estate are among the most expensive in Awka. A 1000 meter square plot costs between NGN 20, 000, 000 to NGN 40,000, 000. 

A luxury 3-bedroom bungalow can cost upwards of NGN 40 million, while duplexes command even higher prices. 

In the end, the exclusivity and the quality of infrastructure in Ngozika Estate justify the high costs, making it a preferred choice for the elite and wealthy individuals in Awka.

2. Agu-Awka

Agu-Awka, located centrally within the city, is often referred to as the heartbeat of Awka due to its vibrant commercial and residential activities. 

This area has a mix of old and new properties, with several ongoing development projects aimed at modernizing the neighborhood.

The central location of Agu-Awka makes it highly desirable for business owners and residents who want easy access to all parts of the city. And the property prices here reflect this demand. 

On average, vacant lands cost between ₦7,000,000 to ₦15,000,000 in this upscale area. Going by the price of landed properties, you can expect residential properties to sell at a much higher price. 

To add to the perks of the area, Agu-Awka is also home to some of the best hotels, restaurants, and entertainment spots in Awka, further boosting its attractiveness and property values.

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3. Government House/Commissioners Quarters Area

This area stands out as one of the most expensive and sought-after areas in Awka. One of the reasons for this is that it is located in the heart of the city. 

Naturally, it offers a serene environment away from the noise of the city center. The area has a well-planned infrastructure, security, and proximity to essential services.

If you’re concerned about quality, you’ll love this area. The area is home to government officials, successful business people, and young professionals.

Properties here command a premium due to their strategic location. According to recent statistics, the average cost of a plot of land in this area is around ₦15,000,000 while duplexes can go as high as  ₦75,000,000.

4. Udoka Housing Estate

Another prime area in Awka is the Udoka Housing Estate. Udoka estate has a visibly serene environment and modern infrastructure. 

A known fact about Udoka Housing Estate is a sought-after location for professionals and families looking for comfort and convenience. 

And what makes it this sought-after is that the estate boasts well-paved roads, reliable electricity, and water supply, alongside a robust security presence.

Properties here are valued highly, with an average price for vacant land hovering around ₦12,000,000 to ₦40,000,000. 

The estate’s proximity to key locations like the popular Eke-Awka Market and Nnamdi Azikiwe University makes it an attractive spot for investors. 

Read Also: How to Invest in Anambra State If You Live Abroad

5. Ifite

Ifite is another high-value area in Awka, largely due to its proximity to Nnamdi Azikiwe University. 

This area is teeming with students, faculty members, and young professionals. While it may seem like a student-dominated area, Ifite also boasts luxury apartments and residential houses catering to high-end clients.

Real estate in Ifite is booming, with a four-bedroom apartment costing upwards of ₦38,000,000. Landed properties start from ₦5,000,000 and move upwards. 

The continuous influx of students and academic staff ensures a steady demand for rental properties. So, if you’re looking for an expensive area that can make you commensurate returns on rental rent, you might want to consider Ifite. 

6. Okpuno

Okpuno is fast becoming one of the most expensive areas in Awka. Located just a few minutes away from the city center, 

Okpuno offers a blend of urban and suburban living. The area has a couple of high-end residential properties, commercial centers, and vacant lands. 

Investing in Okpuno is considered a smart move, with land prices ranging from ₦18,000,000 to ₦35,000,000 per plot. 

As for residential properties, advertisements for property sales show a bedroom house going for ₦25,000,000 and a 9-bedroom house going for ₦85,000,000.

The area’s rapid development and infrastructure improvements have attracted a mix of investors and homebuyers looking for luxury and convenience. 

7. Amansea

Amansea is located on the outskirts of Awka but is rapidly becoming one of the most expensive areas to buy a property due to ongoing developments and its scenic views.

Due to its closeness to Nnamdi Azikiwe University (about a 20-minute drive), Amansea is currently populated by residential properties and hostels for students and government workers alike. 

Amansea’s rapid development means it’s possible to find land and properties of different price ranges. 

According to various property listings, lands in the area cost as much as ₦8,500,000. It’s also possible to find plots that cost below this price. 

Factors Driving High Property Prices in Awka

Several factors contribute to the high property prices in these exclusive areas of Awka:

Economic Growth

Awka’s economy has been steadily growing. This growth has attracted businesses and professionals, which increased the demand for high-quality and expensive housing.

Infrastructure Development

Anyone who has been to Awka knows that there has been a continuous improvement in infrastructure, including roads, schools, healthcare facilities, and shopping centers. All of these make the areas more attractive to buyers and investors.

Security

Highbrow areas in Awka often have enhanced security measures, including gated communities and regular patrols, which appeal to wealthy residents and real estate investors.

Proximity to Amenities

The proximity to essential services, educational institutions, and recreational facilities adds to the appeal of these areas.

High ROI

Investors are drawn to these areas due to the high resale value property and the potential for steady rental income, which ensures a good return on investment.

Read Also: Why You Should Invest in Awka as a Real Estate Investor

Buying Properties in Awka’s Most Expensive Areas 

Since Awka is a capital city, real estate prices will likely be on the high expensive side compared to suburban areas and minor cities. 

However, if you’re going for areas with high-quality amenities and security, you’ll find that these highbrow areas will be relatively expensive. 

As the Awka city continues to grow and develop, these expensive property areas will remain at the forefront of the real estate market, promising excellent returns and a high quality of life for residents.

As an investor and homebuyer, now is the time to keep an eye on these prime locations in Awka and invest as much as you can in this city. 

Read Also: Where to Buy Affordable Properties in Anambra State with a Good Appreciation Rate