Selling nowLagos
Edificio
Lekki, Lagos · 4 bedroom terrace triplex with BQ
- Deposit
- 30%
- Options
- 1 available
- Financing
Starting from₦450MView Property
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works for your future.
Discover thoughtfully developed homes, land and investment opportunities across Nigeria — and understand what they could mean for your finances before you buy.
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Currently selling
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30% deposit · Available now
4 properties
C of O
Selling nowAbuja
Pennek Court 2
off Kubwa Expressway, Abuja · 2 bedroom flat + 3 more
- Deposit
- 30%
- Options
- 4 available
- Financing
Starting from₦80MView Property
Selling nowLagos
Pennek Heights Lekki
Lekki, Lagos · 1 bedroom furnished apartment + 1 more
- Deposit
- 30%
- Options
- 2 available
- Financing
Starting from₦200MView Property
Selling nowLagos
The Estate
off Abraham Adesanya Road, Ajah · 2 bedroom terrace duplex + 1 more
- Deposit
- 30%
- Options
- 2 available
- Financing
Starting from₦110MView Property
Mortgage calculator
Could you own this property?
Pick a home and adjust the terms — your estimated repayment updates as you go.
Property price
₦80,000,000
Initial contribution
30% · ₦24M
Interest rate18% p.a.
5%30%
Estimated monthly payment
₦901,836
15 yrs · 18% p.a.
Financed
₦56M
Total interest
₦106M
Loan-to-value
70%
Total repayment ₦162M over 15 years
Reducing balance
First month: ₦840,000 interest + ₦61,836 principal of ₦901,836
Illustrative estimate only. Actual mortgage terms, rates, eligibility and repayment amounts are determined by the financing institution.
Value projection
What could your investment return?
See capital appreciation and rental income side by side — the projection updates as you go.
Rental yield5%
Rent growth / yr8%
Total return by year 5
₦407M
≈ 13.7% p.a. · 90% total
Property value
₦725M
Capital gain
₦275M
Rent earned
₦132M
Rent in yr 5
₦30.6M
Property valueValue + rent earned
TodayShaded area = rent earnedYear 5
Explore Pennek Investment Properties
Illustrative projection only. Rental yield starts at a conservative 5% of property value — typical for prime Lagos (Lekki, Ikoyi) and the lower end of Abuja — but actual yields vary by location and home type. Rent growth and property growth are assumptions, not Pennek figures. Property values and rents can rise or fall and actual performance depends on location, infrastructure, market demand, economic conditions and other factors. This projection is not a guarantee of future returns.
Built over time. Designed for the future.
For over 15 years, Pennek has been creating residential communities and real estate opportunities that help Nigerians build lasting wealth through property.
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Years in Real Estate
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Communities Developed
₦0bn+
Property Value Created
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Homes & Units Delivered
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Investors Served
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Industry Awards
We don't just build properties. We create places people can build their future in.
For more than a decade, Pennek has turned well-chosen land in Lagos and Abuja into communities people are proud to come home to — from estate plots to fully furnished apartments.
We pick locations where roads, demand and everyday convenience are heading, keep ownership documents clear, and set entry points that put property within reach of more people.
The result is simple: homes you can live in today, and value you can hold onto tomorrow.
Locations
Where Pennek has built.
Current releases and delivered communities across Lagos and Abuja.
Lekki Phase 1AjahLekki 2Ibeju-LekkiAtlantic OceanLagos Lagoon
Selling nowSold out
Proven communities. Delivered over time.
Our track record is not just what we're selling today. It's what we've successfully delivered before.
Sold outGwarinpa Expressway, Abuja
Pennek Court
Smart duplexes
Sold outSangotedo, Lekki 2, Lagos
The Annex Homes
4 bedroom semi-detached duplex with BQ
Sold outEko Akete, Abijo, Lekki, Lagos
The Colony
Estate plots
Sold outOff Ogombo Road, Ajah, Lagos
The Circuit
Estate plots
Sold outLakowe, Lekki, Lagos
Lekki Southern Villa Phase 2
Estate plots
Sold outEluju, Ibeju-Lekki, Lagos
Pacific Gate
Estate plots
Sold outKyami District, Abuja
Pen Gardens
Estate plots
As featured in
Trusted by the press
Homeowners
What Our Clients Say About Us
“I wanted a property I could understand before committing. Pennek made the process straightforward.”
Adaeze O.
Pennek Court, Abuja · 2021
“Buying from London felt risky until the documents arrived exactly when they said they would.”
Tunde A.
The Annex Homes, Lagos · 2022
“Clear prices, clear title, no surprises. We moved in and have watched the area grow around us.”
Chiamaka & Ifeanyi
Lekki Southern Villa Phase 2, Lagos · 2020
“I paid my deposit from Houston and received my allocation letter without stepping into an office. Everything was documented at every step.”
Ngozi E.
Pennek Court 2, Lagos · 2023
“The inspection team picked me up, walked me through the estate and answered every question. No pressure, no games.”
Emeka N.
The Estate, Ibeju-Lekki, Lagos · 2023
“My unit was leased within two months of handover. The rental income has matched what they projected.”
Funmi A.
Pennek Heights Lekki, Lagos · 2024
“As a first-time buyer I had a hundred questions. Someone always picked up the phone and walked me through the next step.”
Ibrahim S.
Edificio, Lekki Phase 1, Lagos · 2024
“We compared four developers before choosing. Pennek was the only one whose paperwork was ready before we asked for it.”
Amaka & Kelechi
Pacific Gate, Lagos · 2021
“From reservation to keys took the exact number of months they quoted at the start. In this market, that alone says a lot.”
Yemi O.
The Colony, Lagos · 2020
Ready to make your next property move?
Whether you're buying your first home, expanding your property portfolio or investing from abroad, Pennek can help you find the right opportunity.