World Bank Housing Estate
World Bank Housing Estate, No 13 Egwumba Street, New Owerri, Owerri 460271, Imo, Nigeria
About This Estate
in that sweet spot between bustling city life and quiet residential comfort, World Bank Housing Estate in New Owerri has a certain vibe. You drive in through the main gate and the noise from Port Harcourt Road just fades away. The streets here, like Egwumba Street, are lined with well-kept bungalows and some newer storey buildings, all sitting on tidy plots. It’s a proper planned estate, so you get order and a good sense of community—kids playing football in the evenings, neighbours greeting each other. You’ll find reliable power supply, thanks to the estate's transformer, but everyone still has their 'I-pass-my-neighbour' generator on standby, just in case. It’s not the cheapest area, but you’re paying for that wahala-free, secure environment and easy access to Owerri's hotspots. A solid, respectable Naija address.
Price Range
World Bank Housing Estate in New Owerri is a solid mid-range gated community. It offers good security and better road access than many areas. You'll find mostly 3-4 bedroom bungalows and flats here. Expect to pay between ₦25-40 million for a property. Annual rents range from ₦600,000 to ₦1.2 million, depending on the unit's condition and size. It's a solid choice for professionals and small families seeking a relatively wahala-free environment with reliable amenities like boreholes and decent power supply.
Property Type
World Bank Estate in New Owerri offers a solid Naija mix of property. You'll find well-maintained 3- and 4-bedroom bungalows, some with Boys Quarters. A few blocks of flats offer 2- and 3-bedroom apartments. The area is a gated, wahala-free community with reliable borehole water and regular power supply, though everyone still has a generator. Security is tight. For investors, a few undeveloped plots and commercial spaces by the main access road are available. A 3-bedroom bungalow here might go for around ₦25 million. It’s a practical choice for families seeking peace without being too far from Owerri's bustle.
Development Status
World Bank Estate in New Owerri? That's a solid choice, my brother. That area around No. 13 Egwumba Street is fully built up and occupied—no more ongoing construction for the main estate. The place is mature and settled, with a real community feel. For future expansion, you'd have to look at the new layouts springing up just behind the estate, towards the Uratta road. That's where the development is happening now. To find it easily, just tell any okada man "After Imo State University, by the World Bank junction." You can't miss it. The area is well-planned with good road access, and you have all the necessary amenities. It's a proper, wahala-free gated community.
Location Type
This is a well-planned residential estate in Owerri. It's a gated community with that Naija feel—bustling but with good security. You'll find a mix of modern bungalows and storey buildings. Expect the typical estate life here. Most homes have boreholes and generators because of the public power supply. The roads are fairly good. It's a solid, wahala-free area for families. Rent for a 3-bedroom flat hovers around ₦600,000 per annum. It's a practical choice for those wanting a calm, secure lifestyle within the city.
Infrastructure Quality
World Bank Estate in New Owerri is a solid, mid-range gated community. The infrastructure is decent. The roads are tarred and well-maintained. You get regular public power, but most homes have a backup generator or inverter. Water supply is mainly from boreholes. Security is good with a perimeter fence, manned gates, and resident vigilante. Fibre internet from providers like Spectranet is available. A 3-bedroom flat here goes for about ₦25-30 million. It's a practical, wahala-free choice for a family.
Key Features
Let me tell you about World Bank Housing Estate in New Owerri. It's a well-planned, gated community that gives you that premium, wahala-free living. You get constant power supply, but every house has a big generator as backup, so no stories. The water is reliable, with central borehole systems and overhead tanks. Security is tight with 24/7 patrols and CCTV, so you can sleep with both eyes closed. The roads are tarred and well-maintained, making driving smooth. Houses here are solid—mostly 4 and 5-bedroom bungalows and duplexes with spacious quarters. A decent one will set you back around ₦45 to ₦60 million. It’s a top choice for professionals and families wanting that serene, organised Naija feel without the usual hustle. A very solid investment, trust me.
Community Features
World Bank Estate in New Owerri? You're looking at one of the better-planned areas around here. That address on Egwumba Street is right inside a well-secured, gated community. The "Naija feel" here is top-notch. You have good neighbours, regular power supply compared to other places, and most homes have their own borehole and generator for any light wahala. For shopping, the popular Alaba Market is not too far, and you have easy access to the Owerri-Aba Road. It's a very family-friendly environment—you'll see children playing safely and residents jogging in the evenings. The area is bustling but still manages to be peaceful. For a proper gated estate life in Owerri with less stress, this is a solid choice. Just tell your okada man "World Bank Estate, New Owerri," and he'll know the way.
Nearby Landmarks
If you're looking at World Bank Housing Estate on Egwumba Street in New Owerri, you're eyeing one of the more solid, well-planned areas in Owerri. This gated estate offers that wahala-free living everyone wants, with good road access and reliable security. Right around the area, you have Alvan Ikoku College of Education just a stone's throw away, making the environment lively. For shopping, the popular Relief Market is your go-to for fresh produce, and you're not far from the busy Owerri Main Market. Medical needs are covered by the Federal Medical Centre and Imo Specialist Hospital, both within easy reach. When you need some air, the expansive Imo State Secretariat complex and Heroes Square are nearby for recreation. It's a solid choice for anyone wanting a peaceful, convenient Naija life.
Developer
Alright, let's talk about World Bank Housing Estate in New Owerri. It's a solid choice, but to be honest, pinning down the original developer is a bit of a puzzle these days. The estate was built some years back, and many of the properties are now in the hands of individual owners. You'll find well-maintained bungalows and blocks of flats here. The area is known for being relatively peaceful and orderly, a proper gated community with less wahala. Expect the usual Naija necessities—you'll have a borehole and likely need a generator, but the power supply isn't the worst in Owerri. For a 3-bedroom flat, budgets should start from around ₦700,000 per annum. It's a solid, established estate if you're looking for a quiet life in Imo State.
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