What can i buy? - 2012 PROPERTY PRICES: How far can your money go?

lateef jakande
A former Governor of Lagos
State-Alhaji-Lateef-Jakande

“I have ten million Naira. What are my options, property wise?” The confident sounding caller, an employee of one of the GSM telecommunications companies, wanted an investment property, preferably on the “Island” that will bring in good rental returns and enjoy capital appreciation over the years. She did not intend to live in the property, providing for the family home was her husband’s responsibility, but she did not want it to be “too far inside”. When a CASTLES representative informed her of her choices, she appeared quite disappointed. “I thought the economy had driven down prices” was her plaintive cry. Indeed, she is not alone.  There seems to be a significant mismatch between actual property prices and what most people perceive as current property values. As a special Christmas present, we have presented, in different price ranges, the different property types (including land) in Lagos and what you should expect to pay for these properties.

N5m & below (budget properties)
If your budget is N5m and below forget the real estate hot spots areas of Mainland or Island. But you can opt for low-priced areas on Mainland like Ikorodu, Iba, Abule Egba, Oke Aro, and places along the Lagos-Ibadan Expressway such as Mowe Ofada, Ibafo and Arepo where you can buy a plot of land between N500, 000 to N4m.

A plot at Mowe-Ofada goes for N1m, while at Liberty Estate in Ibafo it goes for N3.5m. on this axis, there are numbers of estates, petrol stations, religious camp grounds and businesses.

For houses on Mainland within this range, some LSDPC Estates fit in. There is the LSDPC Millennium Housing Scheme at Oke-Eletu, Ikorodu where 2 bedroom bungalow goes for N5m, while 3 bedroom flat LSDPC Estate in Odogunyan, Ikorodu is available at N4m. Ikorodu is located on the outskirts of Lagos State. It’s a straight drive of about 30 minutes from the popular Mile 12 along the Ikorodu Road down to Ikorodu Town.

Other LSDPC estates in Lagos are: Prototype LSDPC Estate where a1 bedroom flat at Isolo is N3.5m. At LSDPC Estate at Odonla a 2 bedroom flat is N4.5m. While in the Millennium Housing Scheme LSDPC Estate in Oke Eletu, Ikorodu a 2 bedroom bungalow, N5m. LSDPC Low Cost at Ojokoro has a 3 bedroom flat for N5m. LSDPC Estate at Iponri Surulere has 2 bedroom flat for N7m and LSDPC Sunshine Estate New Oko-Oba, Agege has 3bedroom flat for N15m

 There are other LSDPC Estates in Gbagada, Yaba, Ogba, Ogba-Ijaye etc. But you have to look before you leap when going for the LSDPC Estates in Lagos, Some of the blocks of flats may have passed their ‘sell buy’ date. Just recently at Isolo a building in the LSDPC Estate collapsed and claimed lives.

On Island, N800, 000 to N5m can get you a plot of land in areas such as Ajah, Awoyaya, Sangotedo, Ogombo, Lakowe, Sapati Village Okun Ajah, Eputu, Imale Alafia etc. Check Castles last week edition 47 or visit our website castles.com.ng for comprehensive list of prices of lands along Lekki- Epe axis.

However, this budget definitely cannot buy a house in Ikoyi or the Lekki-Epe axis. Prices of properties along the Lekki-Epe expressway are likely to go up because of recent opening of the second toll. This obviously will bring about influx of more people, rapid development and more businesses springing up along the axis.

MIANLAND: Land for N5m & below

Description Location Price
Plot of land before RCCG camp Pakuro, Mowe N500k
Plot of land Mowe, Ofada N1m
Plot of land at Unilag Estate Ikorodu N3m
Plot of land  Liberty Estate, Ibafo N3.5m
Plot of land Ijegun/ Ijedodo, Iba local govt. N2m
Plot of land at Otemuyi area off Matogun Road Oke Aro N2.5m
½ plot of land at Beckley Estate Abule Egba N4m
Plot of land Arepo N4m

ISLAND: Land for N5m & below

Description Location Price
Plot of land at Sapati Village Sapati Village, Ajah N800k
Various plots of land toward Eleko junction Imalete Alafia, Sangotedo N1m-N1.5m
Plot of land with C of O at back of Greenspring School Awoyaya N3m
Plots of land immediately after Mayfair Garden Eputu N3.5m
2 Plots of land Okun Ajah N4m
Plot of land at Farapark Estate Majek-Sangotedo N5m
Plot of land behind Pan African University Ajah N5m

MAINLAND: House for N5m & below

Description Location Price
2 bedroom flat at Gowon Estate Egbeda N3m
Prototype LSDPC one-bedroom flat opposite LASPOTECH Isolo N3.5m
3 bedroom flat at Abesan Estate Ipaja N3.2/4.5m
3 Bedroom flat LSDPC Estate, Odogunyan, Ikorodu N4m
2 bedroom LSDPC flat at Odonla Odonla, Ikorodu N4.5m
2 Bedroom bungalow at LSDPC Millennium Housing Scheme, Oke-Eletu Ikorodu N5m
3 Bedroom flat at Jakande Estate, Isolo N5m
3 bedroom bungalow up to lintel level within Shokeye Estate Mowe N4.5m
3 bedroom flat at LSDPC low cost housing Estate Ojokoro N5m

N6m – N15m (Super budget)
Here you have the liberty to explore the ‘high level’ areas along the Lekki-Ajah axis where you can get a plot of land between N7m –N15m in places like Mayfair Gardens, Mobil Estate, Pearl Garden Estate, Diamond Estate and at Elesan Village near Orchid Hotel. Lands in these areas are on the high side but relatively affordable compared to Lekki Phase 1.

A typical 1000m2 of land on plot 4 block 69 in Lekki Scheme II goes for N9m, while a plot of land approximately 660m2 at Pearl Garden Estate by Crown Estate is available at N11m. N15m can get a plot of land measuring 650m2 at Diamond Estate in Sangotedo, Ajah.

Interestingly, in case you are looking for a house in Ikoyi, you are not totally zoned out of this highly-priced area on Island. This is perhaps the cheapest deal you can have in Ikoyi, which is unarguably a high end market – a 2 bedroom flat at Agege Lane in Dolphin Estate, Ikoyi which is selling for N12m. Dolphin Estate is a good location for anyone who works on Island. From Dolphin Estate it is easy to access the, Victoria Island, Marina, Lekki and even the Third Mainland Bridge.

Still on Island at Adeniji Adele, N7.5m gives you opportunity to own a 3 bedroom flat at Phase IV. Otherwise with about N6m-N17m you can buy 2 or 3 bedroom bungalow at Abraham Adesanya in Ajah or some other areas long the Ajah axis. Surprisingly, N10m can get you a 2-3 bedroom en suite detached bungalow at Km 4-3, Lekki-Epe Expressway, after the Lagos Business School. For a 2/3 bedroom bungalow at Abraham Adesanya in Ajah you need to have between N6m – N17m.

Your quest for properties on Mainland with this budget could traverse areas like Ojodu-Berger, Ikosi- Ketu, Agege, Meiran, Mowe, Isheri, which are not ‘hot spot’ of Mainland. In these places, prices of land range between N6m – N12m. But to buy a plot of land around Ogudu, Ojota and Anthony axis of Mainland, you need up to N15m, because these places built up and are relatively closer to the Island.

Also on Mainland, places like Ikeja, Surulere, Bariga, Isolo,Amuwo-Odofin, Iyana-Ipaja, Abule Egba, Igando, Agege, Shasha, Ikorodu, Mowe etc., are worth considering when you want to buy a house within this budget because the market there is large. Ikaje GRA and or Shonibare Estate are no go area with this budget. However, a tenement bungalow of 18 rooms at Olowora by Omole Phase II goes for N15m, while 3 bedroom flat (well improved) at Iponri Estate, Surulere, is for sale at N10m, a bungalow consisting of 1 no 3bedroom flat and two nos 2 bedroom flat, off Ekoro Road, Abule-Egba is available at N8m. More options are available to you if you check the classified section of Castles.

MAINLAND: Land within N6m – N15m (Super budget)

Description Location Price
Plot of land approximately 900m2, River View Estate, title C of O Isheri N6m
Plot of land measuring 500 sqm at River Valley Ojodu Berger N7.5m
Fenced plot of land at Onokoya Str. Ikosi-Ketu N8.5m
1,339.859m2 of land with C of O behind Hotel Nwecastle Anthony N14m
600m2 of land with C of O in Ogudu Phase II Ogudu N15m
150 acres of land with C of O along Exp. Way Mowe N12m per acre
Plot of land at Emmanuel High Str, Ojota Ojota N15m
670m2 in a gated estate at Ogudu Ori-Oke Ogudu N15m

ISLAND: Land between N6m – N15m (Super budget)

Description Location Price
Land 1491 hectares at Ataro Village by Mobil Estate Ajah N7m p/plot
1000m2 of land plot 4 block 69 Lekki Scheme II Lekki Scheme II N9m
Plot of land approx. 660m2 at Pearl Garden Estate by Crown Estate Sangotedo, Lekki N11m
1,397m2 of land at Okun Ajah Ajah N10m
Land measuring 650m2  Akodo, Lekki N10m
Plot of land measuring 675m2 at Mayfair Gardens Lekki N10m
Plot of land at Lekki Phase II Lekki II N12m
987m2 of land plot 6 block 53 Lekki Scheme II Lekki Scheme II N14m
Plots of land at Elesan Village near Orchid Hotel Lekki N15m
Plot of land measuring 1100m2 plot 5 block 46 Lekki Scheme II N15m
650 sqm of land at Pearl Garden Estate Sangotedo, Ajah N15m
Plot measuring 650m2 at Diamond Estate, Sangotedo, Ajah N15m

MAINLAND: House within N6m – N15m

Description Location Price
2 Bedroom LSDPC flat Oko-Oba IV, Agege N6m
3 bedroom luxury flat at LASU Iba Road Iba N6m
2 bedroom flat at LSDPC Estate Iponri Iponri, Surulere N7m
A 3 bedroom flat on 2nd floor Amuwo Amuwo-Odofin N7.5m
A bungalow consisting 6 nos mini flat at Toadac Estate Gbagada N8m
Bungalow consisting of 1 no 3bedroom flat and 2 nos 2 bedroom flat, off Ekoro Road Abule Egba N8m
3 bedroom semi-detached bungalow in Suru Ibeshe Gardens Ibeshe, Ikorodu N8m
3 bedroom bungalow at Bankolemoh Close off Akerele Surulere N10m
LEDB bungalow at Tajudeen Thompson Str. Itire Raod Surulere N10m
3 bedroom bungalow set back, with C of O, at Casso B/stop Meiran N10m
3 bedroom flat (well improved) at Iponri Estate Surulere N10m
Twin bungalow at command Sec Sch, Ipaja Ipaja N10m
3 bedroom flat within an estate Isolo N10m
Semi detached bungalow at Mojeed Sanni Str, Igando N12m
3 bedroom flat at Iponri housing Estate Iponri, Surulere N12m
3 bedroom bungalow, all en suite at Country Home Villas Estate Ikorodu N12.5m
3 bedroom flat in Serena Estate with C of O, Fagba, Iju Agege N12.5m
Uncompleted 5 bed duplex with 2 nos 3 bed flat with C of O + approval at Igbo-Oluwo Estate, Ikorodu Town Ikorodu N15m
Improved 3 bedroom flat at Pen Cinema by Keke High Sch. Agege N15m
3 Bedroom flat (all en suite) at RCCG King’s Court Shasha N15m
Tenement bungalow at Salami Street Shomolu N15m
3 bedroom flat at LSDPC Sunshine Estate, New Oko- Oba Agege N15m
12 rooms building (corner piece) at Ladylak Bariga N12m
3 bedroom bungalow on 725.827m2 at Isheri-Olofin, Cardos Baruwa Ikeja N15m
Tenement bungalow of 18 rooms at Olowora By Omole phase II Ikeja N15m

ISLAND: House within N6m – N15m

Description Location Price
2/3 bedroom bungalow tenanted and vacant Abraham Adesanya, Ajah N6m-N17m
3 bedroom flat at Phase 4 Adeniji Adele N7.5m
Well finished 2 bedroom flat Awoyaya N10m
2-3 bedroom en suite detached bungalow Lekki From N10m
A bungalow of 2 nos 3 bedroom flat at Badore Ajah N11m
1 bedroom duplex by Pan African University Ajah N11m
2 bedroom flat at Agege Lane Dolphin Estate, Ikoyi N12m
A detached 3 bedroom bungalow at Abraham Adesanya Abraham Adesanya, Ajah N15m

N16m – N25m (lower middle class)
Obviously taste for value, quality and luxury is essential at this point if your purchasing power falls within this category. Confidently you can be looking at the high end areas of Island or Mainland of Lagos. Prices of land in Magodo (Shangisha, Isheri and GRA) on the Mainland are on the high side, but you can afford it. Half plot in Magodo GRA sells as low as N20m, while a 500m2 land in Magodo Shangisha goes for as low as N18m.

In Lawanson a 700m2 of land with C of O at Zamba Str goes for N17.5m. In Yaba, Surulere, Maryland prices of land range between N20m-N25m. At Unity Estate in Ojodu a 500m2 land sells for N20m, while lands in Akute and Iju sell around N18m.

For houses on the Mainland, areas such as Shomolu, Bariga, Gbagada, Iju-Ishaga, Akute, Ajegunle have properties in the categories of 2/3/4 bedroom bungalows and tenement building with prices ranging between N16m – N25m. There is a 4 bedroom bungalow at Satellite Town which is available at N20m or a detached house on 600sqm at Puposola area new Oko Oba at the same price. While a 4 bedroom detached house at Harmony Estate in Ifako-Ogba goes for N25m.

 On Island a 900 sqm of land by Mobil Estate, Lekki II sells around N17m. At Atlantic view Estate, off Alpha Beach Rd, Lekki, a land measuring 688 square metres goes for N20m, while plot of land at Crown Estate in Ajah is available at N22m. The Lekki axis of Island is highly sought after and prices of land continually increase due to the high level of development going on in the area. With the opening of the second toll gate, properties in Ajah axis will very likely experience high demand and invariably the prices will go up.

For houses on island some options are available for you. In Dolphin Estate, Ikoyi, you can opt for the 2 bedroom flat or 3 bedroom flat in with N16m or N19m respectively.  In Ajah a 2 bedroom duplex by Pan African University goes for N17m, while a 4 bedroom at Abraham Adesanya (all room en suite) in Ajah and 4 bedroom duplex with BQ in Ibeju Lekki are available at N25m each. More so, you have an option of a new bungalow at Zino Estate, off Badore Road, in Ajah for N25m.

MAINLAND: Land between N16m – N25m (lower middle class)

Description Location Price
700m2 of land with C of O at Zamba Str Lawason N17.5m
Fenced corner piece 500m2 land with C of O Magodo, Shangisha N18m
4 bedroom duplex with BQ with C of O, in an estate near Ojodu Akute N18m
Land measuring 625.196m2 off Jonathan Coker, Iju N18m
1 ½  plot of land at Oke Ira Oke-Ira, Ogba N20m
Half plot of land at Magodo GRA Isheri Magodo GRA N20m
Plot of land at Olowora, Omole phase II Omole Phase II, Ikeja N20m
Corner piece land 500m2 with C of O Unity Estate Ojodu N20m
2 acres of land at Adebisi Str behind Adekunle Police Station Alagomeji, Yaba N20m/plot
750m2 of land Magodo Magodo Isheri N22m
Half plot of land with residential/commercial value off Hughes avenue, Fadeyi Fadeyi, Yaba N25m
A plot of land at Afolabi Brown (R/C) Akoka, Yaba N25m
Full plot (deed, fenced on tarred road) at Barracks Estate Ori-Oke Ogudu N25m
550m2 fenced and gated solid bare land off Adeniran Ajao Str Anthony N25m
230m2 land fenced and gated along Masha Road Surulere N25m
700m2 of land at Arowojobe Estate Maryland N25m

  ISLAND: Land between N16m-N25m (lower middle class)

Description Location Price
1038m2 plot of land on tarred road at block 66 with C of O Lekki II N16m
920m2 of land plot 8 block 2 Lekki Scheme II Lekki II N16m
900m2 by Mobil Estate with C of O Lekki II N17m
Plot of land at Royal Garden Estate Ajah N25m
Land measuring 688m2 at Atlantic view Estate, off Alpha Beach Rd Lekki N20m
800m2 of land at Seagate Estate Lekki N22m
Plot of land at Crown Estate  Ajah N22m
Plot measuring 622m2 at Chevy View Estate Lekki N22m
800m2 of land at Agungi Agungi, Lekki N24m
Plot of land at 5th Avenue, Osapa London Osapa Lekki N25
Plot of land at Egbo-Efon Lekki N25m
1314 m2 of land at Cooperative Villa Estate at Badore Ajah N25m
2 plots of land fenced at opposite Golden Park Estate along Lekki-Epe  Exp. Way Lekki N25m
Plot of land at Bakare Estate, Agungi Lekki N20m
692m2 of land at Lekki County Estate, before VGC Lekki N25m

MAINLAND: House within N16m –N25m

Description Location Price
Tenement bungalow on a plot of land at Bajulaye Str. Shomolu N16m
2 bedroom semi detached bungalow at Oke Ola Gbagada N17m
4 bedroom bungalow all room en suite at Elliot Iju Ishgaga N17m
4 bedroom bungalow flat (ground floor) at LSDPC Medium Cost Estate Ogba N17m
Terrace duplex at Gowon Estate Ipaja N18m
3 bedroom bungalow +5 shops with C of O Akute N18m
Bungalow along Igi Olugbin Bariga N20m
3 bedroom townhouse (all room en suit) with 2 living rooms at Arepo Arepo N22m
7 bedroom bungalow with 2 rooms BQ on 1½  plot  of land & Garden Iju-Ajuwon N23m
4 flats of 3 bedroom with Registered Conveyance (RC) Akoka, Yaba N25m
Tenement story building at Cadoso Area Awodi-Ora Apapa Ajegunle N25m
A tenement storey building at Onifade Str. Mushin Mushin N25m
A tenement story building on a plot of land at Post Office Road Mushin N25m
3 bedroom flat at Oluwalogbon Str, Ketu with C of O Ketu N25m
A block of 6 nos 3 bedroom flats at Ojo-Igbede Road Ojo-Alaba N20m
3 bedroom bungalow Cornerstone Estate Oko-Oba N20m
4 nos of  3 bedroom flat on a plot of land at Alamutu Estate, Fagba Oko-Oba N25m
2 bedroom bungalow directly on Akerele Road with spacious backyard Surulere N22m
5 bedroom detached duplex  newly build with C of O at discovery Estate Isheri North N25m
2 bedroom semi-detached bungalow at Oke-Ola Estate Gbagada N17m
Block of 4 flats (3 bedroom) with C of O at Oke-Aro Giwa junction Iju N22m
Tenement bungalow at Awoseyin lane by Odunlade B/stop Shomolu N18m
One storey building at Albert Str Off Shipeolu Rd Palmgrove N19m
4 bedroom bungalow Satellite Town N20m
Detached house on 600m2 at Puposola area new Oko Oba Agege N20m
Block of 4 flats (3 bedroom) with c of O Idimu N20m
4 bedroom flat at Medium Estate, LSPDC (opposite stadium) Ogba N20m
2 wings of 4 bedroom semi-detached + 1 BQ Magodo Shangisha N25m
4 bedroom duplex in Manila Estate Ikosi N25m
3 bedroom bungalow, marble floor, with C of o Oko-Oba, Agege N25m
3 bedroom bungalow at Harmony Estate with R/C Ogba N25m
4 bedroom detached house at Harmony Estate Ifako, Ogba N25m

ISLAND: House within N16m –N25m

Description Location Price
2 bedroom flat in Dolphin Estate Dolphin, Ikoyi N16m
2 bedroom duplex by Pan African University Ajah N17m
Renovated 3 bedroom flat in Dolphin Estate Dolphin, Ikoyi N19m
2 bedroom flat at Primewater Garden Lekki N25m
4 bedroom at Abraham Adesanya (all room en suite) Ajah N25m
New bungalow at Zino Estate, off Badore Road Ajah N25m
4 bedroom duplex with BQ Ibeju-Lekki N25m

N25M – N50M (Middle Class)
If you want to buy a property within this price range, the options available location wise ranges from Lekki-Epe express way, Maryland, Opebi, Amuwu Odofin and Ebute Metta . If decide to buy a land on the Island, then gated estates and other locations along the Lekki axis are the areas to look out for. For instance in Romay gardens, you can get a plot of land selling between N25M to N35M and within this price range you can likewise get plots of land in Chevyview Estate, Lekki Scheme 1, Osapa London, Sangotedo and even Lekki Phase 1. On the mainland, within this price range you can get a plot of lands Ogba, Anthony, Surulere, Ajao Estate and even in Ebute Metta which is quite close to the Island and majority of the lands all come with certificate of ownership (C of O).

ISLAND

LANDS N25M - 50M

Description Location Price
A plot of land with Gov. consent Romay Gardens, Lekki N25M
Plot of land Sangotedo N25M
2 plots of land fully fenced Opposite Golden Park Estate Along Lekki-Epe expressway N25M
3 standard plots of land, title: Gov consent Igbo-Efon, Lekki N25M
Land size measuring 1000sqm Eko Akete, Lekki N25M
A plot of land on a tarred road Agungi, Lekki N26M
Plot of land measuring 660sqm Royal Garden, Lekki N26M
land measuring 1430sqm at Co-operative Villa Badore N27M
2 plots of land measuring 740sqm Chevyview Estate, Lekki N30M
Two plots facing Farapark Estate Directly on the express Sangotedo N34M
An undeveloped plot of land 900sqm in Victory Park Estate Lekki N35M
3 plots of land at Carwash, Badore road Ajah N35M
Plot of land measuring 650sqm Beach Resort, Lekki N35M
2 plots of land Lekki Phase 1 N35M
Land measuring 658sqm Romay Gardens, Lekki N35M
2 plots of land measuring 1500sqm Osapa London, Lekki N35M
Fenced plot of land measuring 800sqm Ikate Elegushi, Lekki N35M
Full plot of land at Unity road by Femi Okunnu Lekki N36M
Plot of land measuring 920sqm Royal Garden, Lekki N36M
8 plots of land at Sangotedo, Title: C of O Ibeju-Lekki N40M
A land sitting on a 400sqm Igbosere, Lagos Island N43M
Half plot measuring 450sqm at plot 23 with consent  block 112 Lekki Scheme 1 N45M
Half plot measuring 550sqm at plot 19 with Approval block 122 Lekki Scheme 1 N48M
A plot of land measuring 500sqm in Carlton Gate, Chevron Drive Lekki N50M
Half plot measuring 550sqm at plot 14 block 119 Lekki Scheme 1 N50M
Half plot measuring 550sqm at plot 13 block 113 Lekki Scheme 1 N50M
MAINLAND
1892sqm land fenced with Lagos State C of O Ifako- Ijaiye, Ogba N25M
A standard plot on Tijani Bello street fenced around with foundation Sheri Ogba Road N25M
Fenced land measuring 834sqm Oko-Oba GRA N25M
Land measuring 700sqm on paved road with C of O Arowojobe Estate, Maryland N25M
Fenced plot 655.538sqm in Olushola Aremu Close Ajao Estate N25M
230sqm land fenced and gated along Masha Road Surulere N25M
Plot of land 1300sqm corner piece at block 70 Amuwo Odofin N28M
2 plots of land Off Opebi Link road N30M
1500sqm bear land at Aladura Area Anthony Village N30M
About 700sqm plot at Fasan Magogo-Isheri N33M
1431sqm bare land at Haruna Street Ogba N35M
Corner piece tenement house on 600sqm on Lagos street Ebute-Metta N35M
2 plots of land at Beckleys street, Oke Alo Gbagada N40M
1 plot of land at Raji Rasaki, Title: C of O Amuwo Odofin N40M
1 plot of land at Ebute-Metta, Title: C of O Ebute-Metta N40M
450sqm plot at Awuse Estate Opebi N45M
3600sqm land off Arobaba street, off pipeline road Idimu N45M
One hectare of land in Riverview Estate along Lagos-Ibadan express way Isheri N50M
Plot of 811sqm at Block A4 off Owulade Avenue Magodo-Shangisha N50M
3 plots of land with C of O Ikeja CBD N50M

In terms of houses on the Island, there are options of buying a bungalow which can either be 3 or 4 bedroom bungalow and this are found in places like Ajah, Lagos Island, Northern Foreshore. There is also the option of buying either the terrace or town houses, which can be found within the Lekki environs between the range of N30M to N50M in places like Ikate-Elegushi, Oniru and Victoria Island. In Lekki Phase 1 and Oniru you can get 2 and 3 bed flats with good finishes between the prices of N32M to N39M, but the more luxurious serviced flats are found mostly in locations like 1004 estates in V.I and Parkview estate in Ikoyi where you can get two and three bed flats for N50M. There is an interesting 4-bedroom bungalow in Sangotedo that has bulletproof doors and walls, automated gate for sale N45M. On the mainland, detached houses, bungalows, duplexes and even maisonettes are pretty much available in locations like Ojudu-Berger, Isolo, Dopemu Anthony etc and there are luxurious townhouses, flats selling in Ikeja GRA, Dopemu and Maryland with amenities such as swimming and gym.

HOUSES N25M – N50M

ISLAND
Description Location Price
2 Nos. 3 bedroom bungalow Thomas Estate, Lekki N25M
New bungalow at Zina estate, off Badore Road Ajah N25M
3 bedroom terrace duplex in a block of 4 units Lekky County homes N30M
A bungalow on a plot of land, Title: Deed of Conveyance Ojuwoye Market, Lagos Island N30M
4 bedroom duplex at 10 families besides Budo Estate before Abraham Adesanya Estate, Title: Govs Consent Lekki N32M
3 bedroom flat Prime Water View Estate, Lekki N32M
4 bedroom serviced town house with BQ at Regal Sea View Estate Ikate-Elegushi N35M
4 bedroom detached house Lagbasa, Ajah N35M
2 wings of 4 bedroom duplex with 2 rooms BQ Okun-Ajah N35M
2 bedroom flat at Hakeem Dickson Lekki phase 1 N37M
4 bedroom ensuite terraced house at the Belvedere Lekki II N37.5M
3 units of 4 bedroom detached houses Agungi, Lekki N38M
Newly built 4 bedroom terrace house with a room BQ Osapa London N38M
4 bedroom semi-detached house with a room BQ Ikota Villa Estate, Lekki N38M
3 bed flat off Palace way Oniru N38M
3 Nos. 4 bedroom terrace house, Agungi N39M
4 bedrooms bungalow Northern Foreshore, Lekki N40M
5 bedroom newly and tastefully finishes duplex + BQ Badore, Lekki N42M
3 units of 4 bedroom detached houses Olugborogan, Lekki N43M
5 bedroom fully detached house Ikota, Lekki N45M
3 bedroom Apartment at Carlton Gate Chevron Drive, Lekki N45M
5 bedroom fully detached Mansion with 2 room’s service quarter Osapa London, Lekki N45M
4 bedroom Bungalow Northern Foreshore, Lekki N45M
4 bedroom Terrace house Oniru Estate N47M
4 bed Flat Bourdillon Court, Chevron, Lekki N49M
2 bedroom flat at 1004 Estate Victoria Island N50M
4 bedroom detached house + 1 Room BQ ChevyView Estate, Lekki  N50M
Twin duplex of 5 bedroom each Idado estate, Lekki N50M
5 bedroom detached house Eko Akete, Lekki N50M
3 bedroom pent floor Lekki Phase 1 N50M
5 bedroom detached house on 500sqm land Gioni Estate, Lakowe, Lekki N50M
3 bed serviced flat + room BQ, AC’s, generators, security Parkview, Ikoyi N50M
4 bedroom town house on Louis Solomon Close Victoria Island N50M

HOUSES N25M – N50M

MAINLAND
Description Location Price
4 flats of 3 bedroom with Title: R/C Akoka N25M
70% completed 6 bedroom detached house with penthouse, BQ on 546sqm with C of O on Owode Street (lease option available) New Oko Oba, Abule Egba N25M
4 bedroom semi-detached duplex on Bakery close, off Benster Crescent Mazamaza N25M
3 bedroom luxury town house very close to LUTH Surulere N25M
Block of four 3 bedroom flats at Alamutu Iju road N30M
4 flats of 2 Nos. 2 bedroom + 2 Nos. 2 bedroom Folagoro N30M
A storey building of 2 Nos. 3 bedroom flats  with 2 toilets and a mini flat Fadeyi N30M
3 bedroom luxury flat + 1 room BQ Ilupeju Estate N30M
Well finished 5 bedroom bungalow (ensuite) + water treatment plant in a spacious compound off Sunmola Street with C of O Mende, Maryland N32M
4 Nos. 4 bedroom Terrace house Ojudu-Berger N33M
4 bedroom detached duplex + 2 unit of 2 bedroom flats Olokonla, Opposite LASU N35M
4 Nos. of 3 bedroom flat + a plot of land at Alakuko road Abule-Egba N35M
2 bedroom flat at Adekoya Street, College Road Ogba N35M
4 Nos. 4 bedroom semi-detached  house + 1 room BQ Ojudu-Berger N38M
Newly built four bedroom maisonette BQ in a mini Estate Off Western Avenue N40M
4 bedroon semi-detached duplex Ajao Estate, Isolo N40M
1 No. First floor luxury 3 bed flat with BQ, swimming pool and gym Maryland N40M
A storey building of four flats Ojodu N45M
5 bedroom duplex with 2 rooms BQ at Santos Layout Dopemu N45M
5 bedroom house with library and penthouse near Corona School Anthony N50M
4 bedroom wing duplex + 2br flat BQ on 400sqm with marble (ensuite) at Lakeview Estate Amuwo Odofin N50M
4 bedroom semi-detached house with 1 room BQ at Admiral Oduwaye str. Omole Phase 2 N50M
Block of 5 Nos. 2 & 3 bed flats at Seriki Aro str. title: R/C Ikeja N50M

N51M – N75M (Upper Middle Class)
With N51M to N75M budget, you can afford just about any choice of property both on the Lagos Island and on the Mainland. You can afford to go for medium sized plot between 650sqm to 800sqm in VGC, Chevyview Estate, Northern Foreshore, Osapa London selling between N55M to N57M and for this price you can even get larger plots on the mainland in places like Omole Phase 1, Ogudu GRA and Alaka-Surulere, it all depends on the upper middle class. There are larger plots from 1000sqm in locations like Lekki Phase 1, Osapa London, Ogba-Ijaiye and Oregun selling between N60M to N70M. 

LANDS N51M – N75M

ISLAND
Description Location Price
800sqm waterview land at block 44 Northern Foreshore, Lekki N55M
3 Nos. 4 bedroom detached house + BQ Chevyview Estate, Lekki N55M
Land measuring 675sqm waterfront VGC N55M
Land measuring 675 Water Front VGC N55M
A plot of land measuring 864sqm on block B, within UACN’s Pinnock Estate Lekki N55M
Land on 800sqm Ikate Elegushi, Lekki N55M
Half plot of land measuring 750sqm at plot 9 Block 121 Lekki Scheme 1 N55M
2 and half plots sand filled with Gov. consent close Osapa London, Lekki N55M
Land measuring 1750sqm, plot 29 (corner piece) with C of O Directly on Ogombo road N57M
4 Nos. 800sqm plots Northern Foreshore, Lekki N57M
Land at block 6, plot 10, 1001sqm at Pinnock Beach Estate Lekki N60M
Half plot measuring 707sqm at plot 7 Block 128A with consent Lekki Scheme 1 N60M
2 plots of land fenced off Lekki-Epe expressway Igbo Efon, Lekki N60M
1300sqm land facing the express beside Pan African University Ajah N60M
1070sqm land at Block 130, plot 5 with C of O Lekki Phase 1 N68M
963sqm of land at Pinnock Beach Estate Lekki N70M
4 plots of land measuring 2976.133sqm Osapa London, Lekki N70M
Plot of land measuring 800sqm at block P, Rd 3, opp. Garden/playground VGC N70M
Land measuring 1256sqm at plot 18 Block 131 with C of O Lekki Scheme 1 N75M
MAINLAND
Description Location Price
400sqm on Ramat Crescent Ogudu GRA N55M
A fenced plot of land of 500sqm on a tarred road off Owulade Avenue with C of O Magodo GRA Phase II N55M
2 plots plus a single bay warehouse along AIT road, Kola, Alagbado N55M
2.5 acres near OBAT Oil after Redeemed Camp Lagos-Ibadan Expressway N55M
1000sqm land with C of O Omole Phase 1 N55M
One and half plot of land with C of O Oregun N55M
Fenced 560sqm plot in a good location within the estate Omole Phase 1 N58M
Land measuring 700sqm Oregun N60M
900sqm land with C of O Alaka Estate, Surulere N60M
1850sqm land at Wasimi Village Title: Consent & Purchase receipt Maryland N60M
640sqm land with Gov. consent Ifako-Gbagada N60M
2 plots of land Onike, Yaba N60M
Land of 900sqm on Omofade Crescent Omole Phase 1 N65M
Plot of land measuring 650sqm off Tokunbo Macaulay Magodo GRA N65M
Fenced corner piece land approximately 1400sqm Festac N65M
Fenced land measuring 2100sqm with C of O Maryland N70M
2 plots of land at Osholanke by Glover close to LSDPC/express Yaba N70M
Land measuring 1016sqm along C.M.D road with C of O Magodo Isheri N70M
Land measuring 1050sqm Omole Phase 2 N75M
1000sqm land along Ijaiye road Ogba N75M
Fenced gated 2 plots slightly off Kudirat Abiola Way Oregun N75M

Inasmuch as you can buy lands on the Island with this budget, there are still some locations on the Island such as Ikoyi where this price range would not be able to buy a house.  There is an interesting property where structured payment in the form of a mortgage is available in for sale in Surulere for N52.5M, a 6-bedroom terrace house built in a new estate. Typical houses in this range are usually terraces, townhouses,  four and 5 detached houses with boy’s quarters all en suite of course which can either be bungalow or a duplex and there are predominantly found on the mainland and Lekki environs. Flats available for sale can be found in Oniru for N65M and 1004 estate for N75M, also on the mainland in locations like Surulere, Oregun and Ikeja between N50M to N65M.

HOUSES N51M – N75M

ISLAND
Description Location Price
4 & 5 bedroom detached house Chevyview Estate, Lekki N52M
Newly constructed 4 bedroom fully detached house with BQ Agungi road, Lekki N55M
4 Nos. terraced duplex Ikate Elegushi, Lekki N55M
3 Nos. 4 bedroom detached house + BQ Chevyview Estate, Lekki Phase 1 N55M
2 wings of 5 bedroom duplex semi detached + BQ each Osapa London, Lekki N55M
4 bedroom semi-detached duplex with 1 room BQ Lekki Phase 1 N55M
Brand new four bedroom semi detached house Idado Estate, Agungi N60M
Serviced 3 bedroom flat with a room BQ off Ligali Ayorinde V.I N60M
6 bedroom wing of duplex Lekki Phase 1 N60M
4 bedroom terrace house with 1 room BQ Parkview, Ikoyi N60M
Fully serviced 8 units of 3 bedroom flats Oniru N60M
4 bedroom terrace house Bourdillon Court, Chevron N62M
3 bed Maisonette flat low rise, 1st floor 1004 Estate, V.I N65M
Brand new block of 4 Nos. 3 br flat (All ensuite) + Gov. Consent Sangotedo, Lekki N65M
4 bedroom luxury town house with 1 room BQ Dideolu Estate, V.I N65M
New luxury 3 bed flat + BQ with s/pool, gym, fitted kitchen at Simeon Akinolu str. Oniru N65M
5 bedroom fully detached house with BQ Agungi Road, Lekki N65M
Vacant prototype 4 br. Detached house + BQ Northern Foreshore, Lekki N65M
3 bedroom serviced flat with 1 room BQ Sinari Daranijo Str, V.I N65M
4 bedroom detached house Napia Gardens, beside VGC N70M
5 bedroom detached house with swimming pool Osapa London N70M
4 bedroom detached house Friends Colony, Lekki N70M
4 bedroom serviced terrace house with 2 rooms BQ Parkview Estate, Ikoyi N70M
Well finished 4 bedroom semi detached house with 2 room BQ Lekki Phase 1 N75M
4 units of 4 bedroom town houses Lekki Phase 1 N75M
4 bedroom flat 1004 estate, V.I N75M
MAINLAND
Description Location Price
6 bedroom terrace houses in new estate (structured payment/mortgage option) Surulere N52.5M
A detached house of 1 Nos. 3 bedroom flat Surulere N55M
4 bedroom fully detached house Magodo Isheri N55M
4 bedroom duplex with 2 bedroom flat Amuwo Odofin N55M
Block of 6 Nos. of 3 bedroom flats at Ikosi Rd Oregun N55M
Block of flats of 3 bedroom at Orise Ikeja N60M
A 4 bedroom town house Ahmadu Bello Way, V.I N60M
A fenced block of 6 flats & 5 bedroom duplex Ojota N60M
5 bedroom detached duplex + 3 rooms BQ Mende, Maryland N60M
2 Nos. semi detached bungalow Ilupeju N60M
5 bedroom detached house with 2 mini flats on 850sqm Festac Town N60M
5 bedroom fully detached house on a land size of 500sqm Olowu street, Ikeja N60M
7 bedroom detached house, all rooms ensuite with Jacuzzi in masters, fitted kitchen, water treatment and ample parking Magodo Phase 1 N65M
4 Nos. 3 bedroom terrace duplex Ikosi GRA N65M
Fully detached house + 3 rooms guest chalet + 1 room BQ on 1000sqm Surulere N65M
A detached house Fadeyi N65M
Superbly built large 5 bedroom detached house with BW in a quiet close on James Robertson str. Surulere N67M
 3 bedroom bungalow + BQ on 700sqm Awuse Estate, Opebi N68M
3 bedroom bungalow with BQ on land measuring 450sqm Omole N70M
A 4 bedroom maisonette Ikeja GRA N70M
4 bedroom maisonette with 1 room BQ Ilupeju Court, Illupeju N70M
Brand new 5 bedroom fully detached house with 1 room B at Olumuyiwa Taiwo Str. Magodo N70M
4 bedroom detached house Ogudu GRA N70M
Bungalow on about 600sqm on Herbert Macaulay Yaba N70M
Already built up 7 bedroom duplex with a 3 bedroom bungalow (ensuite) and 1 bedroom guest house River Valley Estate, Isheri North (Behind Compass News Paper) N75M
4 bedroom terrace house Ikeja GRA N75M
5 bedroom detached house with 1 room BQ Omole Phase 1 N75M
Uncompleted 4 bedroom duplex with 2 Nos. 3 bedroom flat Ogudu Valley GRA N75M
Brand new 4 bedroom fully detached house with 1 room BQ at Aderibigbe Shitta Close Maryland, Ikeja N75M
4 bedroom wing of duplex + 1 room BQ, opp Marwa Gardens Cornerstone Estate, Ikeja N75M

N76M – N120M (SUPER MIDDLE CLASS)
With a budget of over N76M, you definitely can get just about all the properties in the middle and upper middle class range and majority of these properties are located in specific locations, with certain types of finishes, amenities, secured and some gated communities. There are in locations such are Ikeja GRA, Ikoyi (Parkview and Banana Island), VGC, Lekki Phase 1, Oregun, Maryland, Gbagada, Surulere etc and some of these locations are considered to be for the crème de la crème of the society. With N76M to N120M, you can buy plots of land larger than 1000sqm and in some places like Ikorodu and Alakuko along Abeokuta expressway you can buy hectares and acres as well. For instance, this 1500sqm land with Federal C of O is a distress sale in Osborne Phase II Ikoyi for N80M, which is affordable for such a location and one has to be careful when buying distressed properties, because such properties might be involved in a land tussle dispute amongst other reasons.

LANDS N76M – N120M

SUPER MIDDLE CLASS N76M – N120M
ISLAND
Description Location Price
1500sqm land with Federal C of O (distress sale) Osborn Phase II, Ikoyi N80M
Plot of land measuring 867.561sqm plot4, Block 113, Title: C of O Lekki Phase 1 N80M
Land measuring 875sqm Carlton Gate, Lekki N80M
Plot of land measuring 900sqm VGC N80M
720sqm land at Ajayi-Bembe Parkview Estate, Ikoyi N80M
Land measuring 1109sqm at plot 7 block 132 + Approval and C of O Lekki Scheme 1 N85M
A plot of land measuring 881sqm in Carlton Gate, Chevron Drive Lekki N88.1M
1800qm water front VGC N90M
2 hectares of land at Oke-Ile Village Via Lakowe Town N90M
2.165 Hectares of land at Lekura Village Near Eleko Junction N90M
Land measuring 1100sqm at plot 4 block 117 with C of O Lekki Scheme 1 N 90M
Plot of land measuring 900sqm at block 113 with C of O Lekki Phase 1 N90M
A land measuring 1600sqm on Bamgbose Street with C of O Marina N100M
Land measuring 998sqm Lekki N100M
Land measuring 940sqm at plot 8 block 95 with C of O Lekki Scheme 1 N110M
Plot of land measuring 1350sqm Ikota, Lekki N110M
Land measuring 2782sqm by Piccadilly Suite Agungi, Lekki N110M
Land measuring 1000sqm at Block A9 Nicon Town Estate, Lekki N110M
Land measuring 383.99sqm Block 8, Plot 24 Federal Government Layout with C of O Ikoyi N115M
900sqm land in central business district Lekki Phase 1 N120M
Land measuring 9875sq Parkview Estate, Ikoyi N120M
4 plots fenced together sand filled with  gate, Title: C of O Osapa London, Lekki N120M
20 hectares of land after Abraham Adesanya Estate Along Ogombo N120M
MAINLAND
Description Location Price
3 plots of land measuring 2032sqm Oke Alo, Gbagada N78M
One acre of land at Abeokuta Express way Alakuko N80M
931sqm land fenced round Agindingbi N80M
Corner piece of land of 2700sqm at Aderigbigbe Shitta Street Maryland Estate N85M
Plot of size 900sqm fenced up Omole Phase II N85M
Fenced 2000sqm land on Kudirat Abiola Way ORegun N90M
2.399 Hectares of land at Ikorodu Industrial Estate beside P.Z with C of O (Ground rent paid up to date) Ikorodu N90M
5900sqm land at Wasimi Village (consent & purchase receipt) Maryland N90M
2000sqm land at Alfred Olaiya Street Opebi N95M
3 plots of land by Awori bus stop Abule Egba N100M
1995sqm land on Alfred Olaiya Street Awuse, Opebi N100M
2.5 acres opposite Redeem camp Lagos Ibadan Expressway N105M
Fenced plot of land at Abel Oreniyi measuring 1100sqm Opebi N110M
650sqm land off Tokunboh Macaulay Street Magodo GRA (Shangisha) N110M
1200sqm at Ladipo Bateye with foundation for 5brm detachment house Ikeja GRA N110M
1200sqm corner piece land fenced round with C of O Omole Phase 1 N120M
Fenced land of 1100sqm with foundation for block of flats Opebi N120M

Within this price range for houses, you can get the block of flats, duplexes, detached houses, terraces and townhouses. One has to be cautious when buying houses in Goshen estate, because the estate is gradually being washed away by the Atlantic Ocean. There is a 5 bedroom fully furnished detached house with fitted kitchen, air conditioner all rooms ensuite in Oregun, Ikeja for sale at N100M and another peculiar property that is a 6 bedroom detached house with a basement, swimming pool and a penthouse For sale N120M in Ogba. This type of property would be very good for investment as the buyer can convert the building and use it for commercial use. Similar properties available are:

HOUSES N76M – N12OM

ISLAND
DESCRIPTION LOCATION PRICE
2 Nos. 4 bedroom terrace newly built duplex with 2 rooms BQ Oniru Estate, V.I Annex N80M
A 4 bedroom house on 450sqm VGC N80M
3 bedroom flat along Bourdillon Ikoyi N80M
Vacant well-finished 5 bedroom semi detached house + BQ at Atlantic Beach V.I Annex N 85M
4 bedroom detached duplex Lekki Phase 1 N85M
Detached house on 1800sqm land Elegushi, Lekki N90M
A 5 bedroom detached house with 3 rooms BQ VGC N90M
4 bed townhouses with pool, gen and gym Parkview Estate, Ikoyi N99M
Brand new 4/5 bedroom duplex with 2 room BQ Oniru Estate N100M
Newly built 5 detached duplex + 2 room BQ Lekki Phase 1 N100M
Superbly finished 4 Nos. 4 bedroom detached house + 1 room BQ at Carlton Gate Estate Chevron, Lekki N100M
4 bedroom townhouse with BQ Banana Island, Ikoyi N100M
4 bedroom house + BQ with swimming Oniru, V.I N100M
Four bedroom detached house Carlton Gate Estate, Lekki N100M
2 Nos. tastefully finished 5 bedroom detached house + 2 room BQ Lekki Scheme II N110M
3 bed flat with s/pool and gym Off Gerard road, Ikoyi N110M
2 Nos. 5 bedroom detached house + 2 rms BQ, all rooms ensuite with fitted kitchen Lekki Phase 1 N115M
5 bedroom detached house with s/pool, inbuilt speakers Lekki Phase 1 N115M
5 br d/h on 1000sqm , Title: Deed of Assignment Goshen Beach, Lekki Phase 1 N120M
Brand new 5 bedroom semi detached house with s/pool and 1 room BQ Banana Island N120M
5 bedroom terraced duplex with 1 room BQ Onikoyi Waterfront N120M
5 bedroom detached house with BQ Lekki Phase 1 N120M
3 bedroom maisonette newly built Parkview Estate, Ikoyi N120M
A detached house with swimming pool & good finishing VGC N120M
5 bedroom detached house with 2 rooms BQ Oniru Estate, V.I N120M
MAINLAND
Description Location Price
2 Nos. Bungalow on a corner piece land with C of O Mobolaji Bank Anthony N80M
A block of flats of 3 bedroom flat Gbagada Phase 1 N80M
5 bedroom detached duplex (all ensuite) with 3 sitting rooms, 4 BQ’s and ample parking space on Akin Osiyemi Off Allen N80M
2 Nos. 5 bedroom duplexes and 2 rooms BQ Ogudu GRA N80M
5 bedroom detached house with 2 rm BQ on 7500sqm Soluyi, Gbagada N80M
A fully detached 4 bedroom duplex on 750sqm Onike, Yaba N80M
Newly built 4 bedroom detached house + 1 room BQ Magodo Shangisha N80M
Vacant 4 br winf of duplex with 1 BQ on 600sqm on Rev. Egharevba str, Off Ajanaku Opebi N80M
4 bedroom terraced duplex M.K.O Abiola Garden, Ikeja N85M
5 bedroom detached house with a room BQ Omole Phase 1 N85M
Luxury 5 bedroom fully detached house and 1 room BQ Magodo Shangisha N85M
Newly built 4 bedroom semi-detached house M.K.O Abiola Garden, Ikeja N95M
2 wing duplex of 4 bedrooms each at Ondo Close, Bamishile Estate Off Allen Avenue N110M
Brand new 4 bedroom detached house Magodo GRA N100M
5 b/r fully furnished detached house with gen, a/c, fitted kitchen at Abayomi Street Oregun, Ikeja N100M
Block of 4 flats (all vacant) Bode Thomas, Surulere N100M
2 wings of 5 bedroom semi-detached house + BQ Surulere N100M
4 bedroom duplex with 2 room BQ Marwa Garden, Ikeja N100M
Detached house with block of 4 flats at the rear Adeniyi Jones, Ikeja N110M
Vacant 6 b/r detached house with penthouse, basement, s/pool on 1210sqm land at Georgious Cole street Ogba N120M
A bungalow on 1200sqm Ogba N120M
2 wings of 5 bedroom duplex with BQ Opebi N120M

N121-N150M (ASPIRING BIG BOY)
Within this price range, the options open to property buyers are quite wide (both on the Island and the Mainland), and the upper end of this range can get you property in choice estates and desirable locations. On the Mainland, you should be looking at areas like Magodo GRA where you can get mostly detached houses, duplexes and fairly sizeable plots of land (land values here are between N90K-N100K per square metre, so a standard 1300 sqm land can be bought for N130m. This figure also applies for areas like Oniru, Ikeja GRA, Lekki Phase 1 and NICON Town).  Awuse Estate in Opebi is another area in the Mainland the aspiring big boy can afford to buy properties mostly detached houses in the 5 bedroom category. Other choice locations on the Mainland were a mini mansion of five to seven bedrooms can be bought are Ogudu GRA , G. Cappa Estate, Maryland (5 bedroom detached houses), and Alaka Estate in Surulere

On the Island, terrace houses in this price range are mostly in the 5/4 bedroom category and can be found in areas like Awolowo Road, Parkview Estate, Osborne 1, all in Ikoyi.  It is possible though to find detached houses in Ikoyi in this price range but it is mostly one off, like the semi-detached house we found in Ruxton Road for N140m. In Admiralty Towers and other parts of Old Ikoyi you can typically get luxury flats in this price range. The aspiring big boy can also afford to look at Lekki Phase One as a place you can get 5/6 bedroom detached houses and duplexes.

SOME HOUSES AVAILABLE IN THIS PRICE RANGE
 

Price Property/Location
N150m
N130m
N150m
N130m
N150m
N130m
N140m
N130m
N150m
N130m
N150m
N130m
N130m
N150m
N150m
N140m
N145m
N130m
3 b/r luxury flat @Admiralty Tower, Ikoyi
5 b/r terrace house + bq @ Parkview Estate, Ikoyi
4 b/r terrace house @ Parkview
5 bedroom duplex @ Admiralty Way, Lekki 1
3 b/r flat @ Old Ikoyi  
5 b/rdet house +bq  @ Carlton Gate, Chevron Drive
4 b/r semi det house +bq @ Ruxton Road, Ikoyi
A block of 6 flat of 3 b/r flat @ Ikota Road
4 b/r terrace house +bq @ Osborne 1, Ikoyi
5 b/rdet house + bq Lekki 1
6 b/rdet house + 1 rm bq @ Lekki 1
3 b/rdet house @ off Awolowo Road
7 b/rdet house +bq @ Alaka Estate 
5 b/rdet house +bq@ Ladoke Akintola , Ikeja GRA
5 b/rdet house +2 flats @ Ogudu GRA
5 b/rdet house +bq @ G.Cappa Estate, Maryland
5 b/rdet house + bq @ Awuse Estate 
5 b/rdet duplex +bq @Magodo GRA

SOME AVAILABLE LAND IN THIS PRICE RANGE

Price Property/Location
N150m
N130m
N130m
N140m
N150m
N150m
N130m
1200 sqm land @ Oniru, Close to Four Point
750 sqm land @ Osborne Estate 1, Ikoyi
2000 sqm land @ Opebi
1200 land @ Awuse Estate
1300 sqm land @ Ogudu GRA
3000 sqm land @ Aladelola, IkosiKetu
1300 sqm land @ Magodo GRA           

N151 AND ABOVE (BIG BOY)
Approximately 90% of properties in this price range can be spotted on the Island. On the Mainland, just a few properties in locations like Ikeja GRA, Alausa, Ogudu GRA, Maryland, Omole Phase 1, Opebi and Apapa GRA has price tags in this range. These properties on the Mainland are mostly detached houses that are 5 rooms and above and in most cases come with top notch facilities like swimming pool. For instance, the 5 bedroom detached houses we found in Shonibare Estate and Ikeja GRA is in the market for N170m and N180m respectively. We also did found a 7 bedroom house with swimming in Apapa GRA for N350m.

Between N150m-N250m you can mostly get detached houses/duplexes in Goshen Estate, Lekki Phase 1, Osborne Estate, Victoria Garden City, Keffi Street, Parkview, parts of Victoria Island like EtimInyang Crescent, SinariDanijo and Oduduwa way.  These detached houses are mostly in the 5 bedroom category and the locations are quite serene and exclusive to afford you the comfort of luxury living. In Banana Island, a square meter size of land sells for between N180K-N220K; therefore 1000 sqm land which can comfortably sit a 5 bedroom house and bq can be bought for N180m. 3 bedroom penthouses and maisonettes can be found in Queens Drive, Ikoyi in this price range.

Between N251m-N500m you can afford detached houses/duplexes in the high streetsof Victoria Island like Sanusi Fafunwa, AdetokunboAdemola, Akin Adesola, OzumbaMbadiwe and AgoroOdiyan but you should note that these houses are more suitable for commercial purposes.

In terms of land for this price range you can afford to buy 1970 sqm land at LigaliAyorinde, Victoria Island for N650m, 2700 sqm land in KofoAbayomi for N550m, a 2700 sqm land at Bourdillon Road for N500m and 2190 sqm land at Marina for N700m.

SOME HOUSES AVAILABLE IN THIS PRICE RANGE

Price Property/Location
N450m
N300m
N320m
N170m
N400m
N200m
N170m  
N160m
N200m
N165m
N200m
N300m
N300m
N170m
N450m
N180m
N170m
N350m
N160m
5 b/rdet @ AdetokunboAdemola VI
6 b/r semi det. @ Anifowose, VI
5 b/rdet @ off Sanusi Fafunwa, VI
5 b/rdet house + bq+S/pool @ Lekki 1
6 (no) 3 b/r flats @ Oniru
5 b/r luxury house @ Goshen Estate
5 b/rdet house +2 rm bq @ VGC
5 b/r det. House +bq+ S/pool @ Lekki 1
5 b/rdet house + 2 rm bq @ Old Ikoyi
5 b/rdet house +2 rm bq @ Parkview, Ikoyi
5 b/rdet house + bq @ EtimInyang Cr, VI
5 b/rdet house +bq Osborne 1, Ikoyi
7 b/rdet house @ AdeolaOdeku
5 b/rdet house +bq @ keffi, Ikoyi
5 b/rdet house +bq @ OzumbaMbadiwe, VI
5 b/rdet house +bq+ S/pool @ Ikeja GRA
5 b/rdet house @ Shonibare Estate, Maryland
7 b/rmainson +4 b/r chalet +bq+S/pool  @ Apapa GRA
5 b/rdet house +bq + S/pool @ Omole 1

SOME AVAILABLE LAND IN THIS PRICE RANGE

Price Property/Location
N170m
N180m
N160m
1117 sqm land @ Parkview Estate
1000 sqm land @ Banana Island
1300 sqm land @ Ogudu GRA

So whether your budget is in the billion naira category or in the less than five million naira category, we have you covered. Do have a great time doing your real estate shopping this festive season.  

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