House rents in GRA, Enugu, are analyzed in the tables below for residential property users.
GRA is known for its beautiful, modern, and highly sophisticated properties. The neighbourhood is strategically designed for high-profile individuals, also called the elites. Their housing tastes are usually top-notch, classy, and luxurious. Only a few properties’ standards fall below luxury. The environment is serene and among the safest in Enugu.
Between 2022 and 2024, there have been significant overshoots in rental values because of the design and overall planned neighbourhood, which ultimately influence user preference and demands. It is anticipated that the properties in GRA will command a significant rental margin in 2025, all things being equal. The house rents in GRA, Enugu, are expected to continue rising from time to time as the neighbourhood remains one of the most highly sought-after environments for residential use.
Type | 2022 | 2023 | 2024 | Outlook (2025) |
4bedroom duplex | 2,500,000 | 3,000,000 | 3,500,000 | 4,100,000 |
4bedroom bungalow | 2,000,000 | 2,500,000 | 3,000,000 | 3,600,000 |
3bedroom flat | 1,000,000 | 1,300,000 | 1,800,000 | 2,500,000 |
2bedroom flat | 1,000,000 | 1,200,000 | 1,500,000 | 1,875,000 |
1bedroom flat | 500,000 | 600,000 | 800,000 | 1,000,000 |
A room selfcon | 250,000 | 350,000 | 400,000 | 460,000 |
Tenement house | – | – | – |
Many properties in GRA are owner-occupied, however, the ones rented out have benchmarks (not statutorily fixed), which most landlords do not go below, as well as the maximum house rent that landlords may not exceed. So far, the minimum and maximum house rents for duplexes, bungalows, flats, and selfcon are listed in the tables herein. This analysis relies on the assumption that landlords in GRA will fix rents based on what most properties command within the neighbourhood. The analysis is based on gross rents payable.
Type | Minimum rent passing ( | Maximum rent passing | Demand/preference |
4bedroom duplex | 2,500,000 | 10,000,000 | High |
4bedroom bungalow | 1,800,000 | 5,800,000 | High |
3bedroom flat | 1,500,000 | 3,500,000 | High |
2bedroom flat | 1,200,000 | 2,100,000 | Medium |
1bedroom flat | 800,000 | 1,500,000 | High |
A room selfcon | 350,000 | 950,000 | Medium |
Tenement | – | – | – |