High Voltage Overhead Transmission Lines (HVOTLs) associated risks have been thought to
foster potential risks elements capable of creating property value diminution when located within the built
environment. This current attempt identifies and evaluates particular risk elements attributable to HVOTLs
within a perpendicular distance of 200m in residential neighbourhoods within Alimosho and Surulere
neigbourhoods in Lagos metropolis using survey method. Data retrieved from residents within a 200meters
distance perpendicular to power lines in the study areas of Lagos metropolis were analyzed and interpreted
using the relative importance index. The study established that within the study areas, all nine risk elements
were found significant but within varing extents. The study suggests that ROWs in the state must be
enforced and respected by the public while erring individuals be sanctioned and their buildings demolished
by State and Federal governments actions. This is crucial in promoting the sustainability of real estate
investments.