Investment Property in Ugep

Investment Real Estate in Ugep

Investment Property in Ugep
Investment Property in Ugep

Ugep property investment can be a worthwhile venture if you are selective with the areas you choose to invest in. If not, you could find that your investment suffers due to low rental yields, dwindling demand, and slow property price growth in many parts of Ugep .

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Search Map of Ugep Investment Real Estate

Ugep (also Umor) is a town in Cross River State, southern Nigeria. The village is populated by the Yakurr people.

Ugep as it is popularly known is one of the largest unit that constitute Yakurr and were referred to as the largest village in West Africa, its indigenes speaks the Lokaa Language which is the general language spoken in Yakurr.

Ugep originated from a place or village called “Akpa” in the Eastern Ejagham race in the Central senatorial district of Cross River State, Nigeria.

The reason why the people of Ugep left Akpa was due to a religious clash between the two paternal families that makes up Akpa in the ritual rites performance in the death of a person from either of the tribe.

However, failure of the Ugep people to do the ritual performance for the deceased person is what led to “The Great Trek” where the people of Akpa pursued the people of Ugep out of the village, a man called Edem Omilakpa who was tired and weak with his pregnant wife, pushed a stone from the apex of a hill down to the Apka warriors and the stone killed all the warriors and landed at the feet of the King of Akpa that ends the war between Akpa and the people of Ugep, but the great trek continues. The stone is referred to as: “Ancient wonder and saviour stone

The people of Ugep did not just left Akpa without any cultural heritage, they left with most of the cultures that were practiced in Akpa, and that is the culture practice till date. Ugep is administered and control by the Obol Lopon of Ugep who is the chief priest of Ojokobi (A fertility spirit) he is the central figure in the administrative system with powerful priest call Bi-Nah with their religious role like the Atewa Wu-kang – kang and Opebelede as the chief celebrant of the Ugep New yam festival.

The New yam festival which is now one of the renown festival in Cross River State and was rebrand to international festival by the past Cross River State Governor Mr Donald Duke in 2005; Ebelembi, Obam; Ndebra; janenboku; Ledemboku. Etc.

The Leboku New Yam festival is celebrated in Ugep. Ugep is believed to be the largest village in Africa by land mass. Ugep is the headquarters of Yakurr Local Government Area in Cross River State, Nigeria. Fishing is also a common practice in the area

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The financial stability of Ugep has translated into a real estate market that rewards forward planning and a willingness to look beyond areas of traditional affluence.

Buy to Rent in Ugep

Renting out your Ugep buy-to-rent investment property can grow wealth and income.

Whatever your goals with investment property in Ugep are – preparation is key.

  • Set goals based on how much rental yield will be required and the local rental yield rates in Ugep and be prepared to change your initial outlook.
  • Thoroughly research the Ugep location with a special emphasis on fringe areas outside the main Ugep metropolis that may be valued lower than their better-known neighbors. Rental yields of around 5% are still attainable in certain areas of Ugep.
  • Ensure that your target investment property in Ugep appeals to professionals. This is a demographic that ensures maximum income and low voids.
  • Finding and vetting suitable tenants is a job ideally left to the professionals. Working with an established letting agent such as Physis Realty with local knowledge and experience of property legislation will give you the best chance of success.
  • You may think that managing your Ugep properties yourself is an easy option, but are these savings justifiable when you run into Ugep red tape? Physis Realty Ugep office in downtown provides you with peace-of-mind and leaves you time to plan your next move in the growing Ugep buy-to-rent sector.

With our expert guidance, investing in Ugep provides the secure knowledge that your money is working harder than it would in a local Ugep bank and that future generations of your family will be left with substantial capital growth assets.

We are always happy to advise on buying investment property in Ugep, where we have been established for over 35+ years. Physis Realty has been a firm fixture in the Ugep property market through good times and bad. Our experts have seen it all and our portfolios continue to outperform.

Flipping Investment Property in Ugep

Flipping property in Ugep

Flipping property is when we advise clients to buy a Ugep property below market value, renovate it and then make a profit by selling it at a higher price, all within a few months, and often before the Ugep market has a time to react to the renovation.

The Flipping Strategy in Ugep

Investment property flipping in Ugep is a simple strategy. You find a property that is in need of renovation from our list and purchase it for a low price. These type of Ugep real estate investments are sometimes referred to by professionals as ‘distressed’ Ugep real estate.

What is distressed Ugep property:

  • Ugep property in need of renovation
  • Ugep real estate with a change of purpose and use
  • Oversold Ugep property
  • Bank repossessions in Ugep

Put simply, long term investors in Ugep purchase the property, renovate it and make it a lot more attractive to potential buyers.

Calculate profit that you make from Ugep investment property flipping:

Final Selling Price less Cost of Purchase less Costs = Profit

Here is an example:

Ugep property purchase price: $220,000

Renovation costs: $20,000

Other costs: $25,000

Property sale price: $400,000

Profit: $135,000

Experienced property developers in Ugep use a minimum profit value of 22% when looking at potential Ugep projects. The reason for this is because there are lots that can go wrong in Ugep property flipping and working on a potential margin of 22% should still leave a good margin of error.

Luxury Property in Ugep

For luxury property investors hoping to add a superb property in Ugep to their luxury real estate investment portfolio, Physis Realty is a trusted partner.

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A world leader in luxury real estate with a portfolio comprising some of the most sought-after real estate in Ugep, Physis Realty caters particularly to high net-worth individuals and families. A luxury real estate investment in Ugep should be entrusted to only the highest-quality agency.

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