Not every property performs the same way in the shortlet market. Some property types attract more bookings, appeal to a wider range of guests, and generate stronger returns than others.
If you're considering shortlet investment in Lagos, choosing the right property type is just as important as choosing the right location.
Here are the property types that currently offer the strongest profit potential in Lagos.
1. Two-Bedroom Apartments – The Most Balanced Investment 🏆
For many investors, the two-bedroom apartment is the sweet spot.
Why it performs well:
- Appeals to business travelers, families, couples, and small groups
- Commands higher nightly rates than one-bedroom units
- Broad target market
- Strong occupancy potential
Market data consistently shows two-bedroom apartments performing strongly across major Lagos locations such as Lekki, Victoria Island, Ikoyi, and Yaba. (The Africanvestor)
👉 If you're looking for the best balance between investment cost, occupancy, and revenue, a two-bedroom apartment is often the strongest option.
2. One-Bedroom Apartments – The Occupancy Leader 📈
One-bedroom apartments remain extremely popular.
They attract:
- Solo travelers
- Business professionals
- Remote workers
- Couples
Benefits include:
- Lower furnishing and setup costs
- Easier maintenance
- Consistently strong demand
One-bedroom shortlets often achieve excellent occupancy because they are more affordable and accessible to a larger segment of travelers. (The Africanvestor)
👉 For investors with limited capital, this is often the easiest entry point into the shortlet market.
3. Luxury Two-Bedroom Apartments – Highest Revenue Potential 💰
Premium two-bedroom apartments in locations such as:
- Ikoyi
- Victoria Island
- Lekki Phase 1
- Eko Atlantic
can command significantly higher nightly rates than standard units. Premium properties in these areas often attract corporate executives, expatriates, and high-income travelers. (LinkedIn)
👉 While setup costs are higher, revenue potential can be substantial when the property is positioned correctly.
4. Three-Bedroom Apartments – Strong for Family & Group Travel 👨👩👧👦
Three-bedroom apartments appeal to:
- Families
- Corporate teams
- Group travelers
- Diaspora visitors
Advantages:
- Higher booking values
- Longer average stays
- Premium positioning
The challenge is that they require:
- Higher acquisition costs
- Higher furnishing costs
- More maintenance
👉 They can be profitable, but usually require stronger management and marketing.
5. Studio Apartments – Budget Market Opportunity 🎯
Studios attract:
- Budget-conscious travelers
- Young professionals
- Short business stays
Benefits:
- Lowest entry cost
- Easy to furnish
- Lower operating expenses
However:
- Lower nightly rates
- Smaller target market compared to one-bedroom and two-bedroom units
👉 Studios work best in high-demand urban locations.
6. Serviced Apartments – Premium Business Model ⭐
Serviced apartments offer:
- Housekeeping
- Concierge-style support
- Premium amenities
- Higher guest expectations
These properties are particularly attractive to:
- Corporate guests
- Expatriates
- Long-stay travelers
👉 When professionally managed, serviced apartments can achieve some of the strongest returns in the market.
Which Property Type Should You Choose?
Choose a One-Bedroom If:
✔ You're starting with a smaller budget
✔ You want strong occupancy
✔ You target business travelers and couples
Choose a Two-Bedroom If:
✔ You want the best overall balance of income and demand
✔ You want flexibility in guest types
✔ You're focused on long-term profitability
Choose a Three-Bedroom If:
✔ You target families and group bookings
✔ You can invest more capital upfront
Choose a Luxury Unit If:
✔ You're investing in prime locations
✔ You want premium nightly rates
✔ You're prepared for higher setup costs
Final Thoughts
The most profitable shortlet property isn't always the biggest or most expensive one.
In Lagos today:
🥇 Two-bedroom apartments generally offer the best balance of demand, occupancy, and revenue.
🥈 One-bedroom apartments often deliver strong occupancy and lower operational risk.
🥉 Luxury two-bedroom apartments can generate the highest income when located in prime areas. (The Africanvestor)
The key is matching the right property type with the right location and management strategy.
Thinking about investing in a shortlet property in Lagos?
LandMall Shortlets & Apartments helps investors:
👉 Identify the most profitable property types
👉 Select high-demand locations
👉 Furnish and position apartments professionally
👉 Maximize occupancy and returns
📩 Contact us today and let us help you build a shortlet investment that generates consistent income.
Because successful shortlet investing starts with choosing the right property.
CALL/WATSAPP: 09019001191