So they are telling me to pay 81,000/month for a room and I’ll still have flatmates, like I’ll still wake up to see some other people in my flat?
If i pay 81,000/month for a room, I don’t want to see anybody in that street.
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Lmao. Too funny. 
Please ooo…
But honestly the prices are scary. Was afraid to open it in the office before they would accuse me of wanting to give people High BP
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Lmaoooo! Or the entire estate sef. 
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I thought we once agreed on Yaba Right at on certain time on twitter?. There was even a logo too.
Lmao…
Still trying to make this ‘Yabacon Valley’ thing happen huh.
Anyway, I guess this is only for the much higher earning folks. And you’re only guaranteed 12 hrs of light. Hm. But I guess we’re trying to be Silicon Valley in every way possible, including absurd rent.
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At least the rents in the valley is driven by market forces in some way. Even developers working at the most ridiculously funded companies in Yaba would be dumb paying these rents.
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Their business model is different than I thought. I thought fibre was only going to make it easier for anyone to pay rent like a buy now pay later arrangement. They help pay your landlord in full and u the pay them monthly with a premium. It rather seems like a real estate gig with what I see now. If I ran the business I won’t bother myself with amenities of light, water etc.
I’ll just pay ur landlord up for whatever house you choose and u can pay me installmentally with an agreement that when u default I can bounce u and bring another client in. That will be more profiting in my opinion cus it’ll serve more people.
All the best fibre
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What they(Fibre) needs is just competition cus I don’t think up to 90% of that cash goes to a landlord in yaba
81k a month… ? this startup is clearly not for the middle-man, i will maintain my one room like that
Mehn those pictures look too good to be true… but…
I think its worth it though.
They are not pictures of the empty apartment you will be getting though.
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Images displayed in the gallery above are rendered. If you are interested in any of the furniture displayed, please state this in your reservation
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laugh wan kii me here o…
To me this is the biggest turn off of Fibre. Using rendered images in this day and age.
Hmm…
Somehow my own costs breakdown differently
A serviced secure estate in Yaba (Jacob Mews, Grace Estate, Adaba Mews, etc) all cost between 2.3 to 2.5m naira for a 3 bedroom. This does not include facility management fee, agency fees (20%) or anything else.
Most require you to pay 2 years upfront. In fact just paid for one early last year - 2.5m for a 3 bedroom at Jacob mews. 2 years. 20%agency and legal. Plus facility management fee of 640k.
And it was painful. I still haven’t furnished the house (except for where I sleep) because after I paid rent I couldn’t afford to furnish it.
If I had Fibre in January, I would have a beautifully furnished place and I would save more than 2million naira - money that could have gone to travel, investing in other startups and side projects…
It is such a relief to go back to a real refuge you actually want to live in. I don’t take where I live lightly at all and I try to go for the very best that is closer to my place of work. Rule of thumb everywhere in the world is you spend a 3rd of your net income on rent…
That said I understand how if you are a startup founder this might not be your things…
However if you work in AIG next door and are earning 500k to 600k a month - this is perfect… It would have worked for me at Andela very well… I’ll probably find a way to rent off my current apartment and move to a Fibre because it makes so much more sense… Can’t be tying down capital anyhow…
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N2.5m for Yaba > Lekki it means, but what do I know? But how I process what I can spend on rent is just different.
For a mainland unfurnished room NOT flat, my top will just have to be N50, 000/month, startup founder or AIG staff. It’s a shared flat so my contribution for a mainland residence shouldn’t be more than N600k. Max: N700k per annum.
Maybe, just maybe I’m broke like that. I don’t know.
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The Monthly payment tingy suits some people whill it certainly does nor su it some.
If they have job security and earn over 250k then paying 81k will not be so bad…1 less thing to worry about in Lagos so yeah their Model is a Real Estate Model with small tech attached not the Mortgage system who knows maybe in future?.
That said they need to work on their Pricing Model. Yaba is a Business and Student Community and should reflect same…would have preferred a 200k upfront and then 50000 per month for rest of the year that would make it 800000 Per Annum they would have sold out.
Average Renting rate in Yaba is from 500k to 2.5 million per annum. Would have made sense if they have mini flats than 3 bedrooms as not everyone is big on shared kitchens etc.
Ps: I’m seriously searching for a mini flat budget is at 600-800000 Per annum was looking forward to Fibre Sabo but Now…onward. You can hola by Private Chat if you knw Good Agents thanks.
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AIG how far? 
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