mini flat in Ikoyi-Obalende costs ₦55,000 to ₦3,500,000 per year. You're getting prices between core Ikoyi and Obalende proper; it's the middle ground. Service charges vary depending on the specific building and its management.

In this area; mini flat and one-room flat are often used interchangeably. Both mean a bedroom and sitting room with separate kitchen and bathroom. The correct term is mini flat but you'll hear agents say 'one-room flat' or 'room and parlour.' Don't let terminology confuse you; focus on the actual layout during viewings.

Furnished mini flat in Ikoyi-Obalende costs ₦55,000 to ₦3,500,000 more yearly. Availability is moderate; not as common as core Ikoyi but more than Obalende. Quality depends on the specific property and owner. Check everything works and get an inventory list signed by both parties.

Amenities vary across the area. Properties closer to Ikoyi tend to have better facilities; security; water supply; and power backup. Those closer to Obalende may offer basic amenities only. The advantage of the area is access to Ikoyi's commercial amenities; restaurants; shops; and services are nearby even if your building's facilities are modest.

ExpertListing verifies listed properties. In the Ikoyi-Obalende area; property ownership can be complex. Always verify the C of O independently. Confirm the person showing you the property is authorized to rent it. Get a properly drafted tenancy agreement. Visit the property multiple times before committing. Keep all communication documented through ExpertListing's platform.

Smart workers who've done the math. You get Ikoyi address and proximity at reduced pricing. Young bankers who can't afford core Ikoyi yet find this area perfect; close to work; respectable environment; and saving money for their next move. People who work on the Island but don't need the full Ikoyi experience. The area rewards practical thinking; you sacrifice some prestige for significant savings while maintaining quality of life. It's the thinking person's choice on the Island.