Victoria Island Short-Lets
The heart of Lagos business. 1,396 shortlet listings. Average N190K/night — comparable to 5-star hotels but with 3x the space and a kitchen. Most units include 24/7 power, which is the #1 selling point for anyone who's experienced a Lagos hotel blackout.
₦70K–200K/night92% occupancy22% net yieldIsland
Typical amenities in Victoria Island short-lets
24/7 powerwifismart TVNetflixACsecuritydaily cleaning
Short-let vs Hotel vs Annual rent — Victoria Island
The same apartment as a 1-night short-let, 1-month short-let, hotel room and annual rental. Last 4 columns show what's included.
2-bedroom apartment
| Option | Per night | Per month | Per year | ⚡ | 📶 | 🧹 | 🛋️ |
|---|---|---|---|---|---|---|---|
Short-let (per night × 30) Average VI nightly rate. 24/7 power guaranteed. | ₦190K | ₦5.7M | ₦68.4M | ✅ | ✅ | ✅ | ✅ |
Short-let (monthly rate) Monthly rate — 68% cheaper than nightly. | — | ₦1.8M | ₦21.6M | ✅ | ✅ | ✅ | ✅ |
Luxury hotel Radisson/Eko Hotels level. Suite rate. | ₦250K | ₦7.5M | ₦90.0M | ✅ | ✅ | ✅ | ✅ |
Annual rent (per month) Annual rent N10M-N20M/year. Add power, wifi, furnishing. | — | ₦833K | ₦10.0M | ❌ | ❌ | ❌ | ❌ |
Victoria Island short-let investment snapshot
Buy price
₦120M
Furnishing
₦12M
Annual net income
₦22M
Net yield
22%
Lagos Short-Let Platforms Compared
6 platforms — Airbnb, Spleet, Shortlethomes, PropertyPro, Jiji, Booking.com. Commissions, listing counts and verification levels.
| Platform | Commission | Lagos listings | Verification | Insurance |
|---|---|---|---|---|
🏡Airbnb International travelers, diaspora visitors, tourists | 14% | 3,000 | ID Verified | ✅ |
🟢Spleet Young professionals, Nigerian-to-Nigerian bookings | 10% | 800 | Background Check | ❌ |
🏠Shortlethomes Verified premium listings in Lekki and VI | 12% | 500 | ID Verified | ❌ |
🔵PropertyPro Largest selection, direct-to-landlord negotiation | FREE | 6,262 | Basic | ❌ |
🟡Jiji Budget options, mainland listings, direct deals | FREE | 4,595 | Basic | ❌ |
🔷Booking.com Serviced apartments, hotel-like short-lets | 15% | 500 | ID Verified | ✅ |