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Where can you buy land in Lagos with your budget?

Posted by DanbelPro@InvLtd on March 6, 2021
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So, you’ve made up your mind that you are ready to become a landowner. You have drawn your budget and all that’s left for you is to start searching for land in your dream area. However, you are shocked to find out that land in that area is way above your budget.

This is a conundrum that faces so many first-time land investors in Lagos. They have dreams of building in a particular area but receive a rude awakening when they find out that they may have to save for another decade before they are able to purchase one plot of land in that area and since the value of land keeps going up, they might just never be able to afford that land.

This shouldn’t deter you because Lagos is so large and vast with opportunity in every corner of the state. You just need to find what area your budget can afford. Here is a list of areas to consider for different budgets.

Victoria Island

Land in Victoria Island is sold per square meter. The average price of land for sale in Victoria Island (VI), is ₦400,000 per square meter while the most expensive land costs ₦700,000 per square meter and the cheapest costs ₦300,000 per square meter. For a standard 600 square meter plot, you will spend at least ₦180 Million and can spend as high as ₦420 Million. All I can say is WOW!

Ikoyi

Like VI, land in Ikoyi is sold per square meter. The average price of land for sale in Ikoyi, Lagos is ₦660,000 per square meter. The most expensive land costs ₦900,000 per square meter while the cheapest costs ₦300,000 per square meter. For a standard 600 square meter plot, you will spend at least 180 million and at most 540 million. However this can still rise depending on the area

Lekki (Phase 1 and 2)

The average price of land for sale in Lekki, Lagos is ₦15,900,000 per plot. The most expensive land costs ₦270,000,000 per plot.

Lagos Island

The average price of land for sale in Lagos Island, Lagos is ₦652,000,000 per plot. The most expensive land costs about ₦1,300,000,000 per plot.

Ikeja

The average price of land for sale in Ikeja, Lagos is ₦30,000,000 per plot. The most expensive land costs ₦63,000,000 per plot.

Surulere

The average price of land for sale in Surulere, Lagos is ₦40,000,000 per plot. The most expensive land costs ₦65,000,000 per plot.

Magodo

The average price of land for sale in Magodo, Lagos is ₦30,000,000 per plot. The most expensive land costs ₦106,000,000 per plot.

Agege

The average price of land for sale in Agege, Lagos is ₦25,000,000 per plot. The most expensive land costs ₦30,000,000 per plot.

Ogba

The average price of land for sale in Ogba, Ikeja, Lagos is ₦15,000,000 per plot. The most expensive land costs ₦60,000,000 per plot.

Iyana Ipaja

The average price of land for sale in Ipaja, Lagos is ₦6,500,000 per plot. The most expensive land costs ₦28,000,000 per plot.

Yaba

The average price of land for sale in Yaba, Lagos is ₦35,000,000 per plot. The most expensive land costs ₦60,000,000 per plot.

Maryland

The average price of land for sale in Maryland, Lagos is ₦33,000,000 per plot. The most expensive land costs ₦60,000,000 per plot.

Apapa

The average price of land for sale in Apapa, Lagos is ₦52,500,000 per plot. The most expensive land costs ₦75,000,000 per plot.

Festac

The average price of land for sale in Festac, Amuwo Odofin, Lagos is ₦11,000,000 per plot. The most expensive land costs ₦76,400,000 per plot.

Ajah

The average price of land for sale in Ajah, Lagos is ₦14,000,000 per plot. The most expensive land costs ₦65,000,000 per plot.

Sangotedo – Abijo

The average price of land for sale in Sangotedo – Abijo axis Lagos is ₦11,500,000 per plot. The most expensive land costs ₦54,300,000 per plot.

Bogije

The average price of land for sale in Bogije, Ibeju Lekki, Lagos is ₦7,500,000 per plot. The most expensive land costs ₦40,000,000 per plot.

Awoyaya – Eleko

The average price of land for sale in Awoyaya, Ibeju Lekki, Lagos is ₦10,000,000 per plot. The most expensive land costs ₦50,000,000 per plot.

Other undeveloped parts of Ibeju-Lekki

The average price of land for sale in Ibeju Lekki, Lagos is ₦3,000,000 per plot. The most expensive land costs ₦21,000,000 per plot while the cheapest costs ₦400,000 per plot

So, there you have it. Choose wherever you want to buy and contact a registered and certified Real Estate company.

Still want more guidance? book a free consulting session with one of our experts today by clicking HERE

Or you can check out our available estates by clicking HERE

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