A Plot of Land: \u20a625 million – <\/strong>\u20a6300 million<\/strong><\/h3>\n![\"Surulere\"](\"https:\/\/buzznigeria.com\/wp-content\/uploads\/2015\/06\/Ikeja-1024x530.jpg\")
<\/a><\/p>\nIn Surulere, Lagos, the average cost of homes is \u20a6113,000,000. The most costly house is valued at \u20a61,800,000,000, and the least expensive is \u20a618,000,000. The cost of a piece of land in Surulere generally falls between \u20a625,000,000 and \u20a6300,000,000 while the average annual rent in the area is around \u20a63,500,000.<\/p>\n
Here is a breakdown of the average annual rent for houses in Surulere by number of bedrooms:<\/p>\n
1 bedroom: \u20a61,500,000 – \u20a62,500,000<\/p>\n
2 bedrooms: \u20a62,500,000 – \u20a63,500,000<\/p>\n
3 bedrooms: \u20a63,500,000 – \u20a64,500,000<\/p>\n
4 bedrooms or more: \u20a64,500,000 – \u20a66,000,000<\/p>\n
Surulere is a residential and commercial area located on the Lagos mainland. It is part of Metropolitan Lagos and was the bubbling area of Lagos in the seventies, now considered as old Lagos. This area is also a Nollywood movie production area, and as such, most entertainers have lived and\/or still live there.<\/p>\n
Read Also: Top Safest Cities To Live In Nigeria<\/a><\/strong><\/p>\n9. Ajah<\/strong><\/h2>\nPlot of Land: <\/strong>\u20a627<\/strong>million – <\/strong>\u20a6300 million<\/strong><\/h3>\n![\"Ajah\"](\"https:\/\/buzznigeria.com\/wp-content\/uploads\/2015\/06\/victoria_island--1024x625.jpg\")
<\/a><\/p>\nThe average price for homes on the market is \u20a680,000,000. The most high-priced property is valued at \u20a6460,000,000 and the least expensive is \u20a623,000,000.<\/p>\n
The average annual rent for a house in the area is around \u20a62,500,000 presently while
\nthe price of a plot of land can be sold for around \u20a627,500,000 and above depending on the location. A four-bedroom duplex in the area goes from about 60 million and more.<\/p>\n
Ajah is one of those areas located on the outskirts of Lagos, but properties there are as expensive as properties in the heart of the state.<\/p>\n
8. Ogudu<\/strong><\/h2>\nPlot of Land: <\/strong>N360 million<\/strong><\/h3>\n![\"House2\"](\"https:\/\/buzznigeria.com\/wp-content\/uploads\/2015\/06\/House2-1024x581.jpg\")
<\/a><\/p>\nIn Ogudu GRA, a plot of land goes for around \u20a680,000,000 and more. The most expensive plots of land can cost upwards of \u20a6360,000,000 while the cheapest plots can be found for as low as \u20a625,000,000.<\/p>\n
To buy a house in Ogudu, you need to have an average sum of \u20a6160,000,000. The most expensive house goes for \u20a6431,000,000 while the cheapest is priced at \u20a636,500,000. You can get a 4-bedroom detached duplex for sale in Ogudu for about 290,000,000.<\/p>\n
Ogudu is situated close to Ojota on one end, and Gbagada on the other end. It has both the Government Residential Area and normal residential Area, close to Ojota.<\/p>\n
7. Magodo<\/strong><\/h2>\nPlot of Land: <\/strong>N400 million and above<\/strong><\/h3>\n![\"magodo\"](\"https:\/\/buzznigeria.com\/wp-content\/uploads\/2015\/06\/magodo.jpg\")
<\/a><\/p>\nWith a bag full of N400 million and above, one can afford a plot of land in the Magodo area. The average price of houses for sale in Magodo, Lagos is \u20a6175,000,000. However, the most expensive houses in the area cost \u20a6450,000,000. Buying a five-bedroom detached duplex in a place like GRA Phase 2 costs over 300 million.\u00a0The average annual rent for a flat in Magodo presently is about \u20a62,120,000.<\/p>\n
Magodo Isheiri and Magodo Shangisha are located close to the Lagos-Ibadan expressway and easily accessible to Lagos Island and Ikeja Central Business Districts. It is one of the most expensive estates in Lagos as it has good security. Although the area is traffic-infested during rush hour, it is home to several celebrities.<\/p>\n
6.\u00a0<\/strong>Ikeja GRA<\/strong><\/h2>\nPlot <\/strong>of Land: 500 million and above<\/strong><\/h3>\n![\"Ikeja\"](\"https:\/\/buzznigeria.com\/wp-content\/uploads\/2015\/06\/Lekki-1024x601.jpg\")
<\/a><\/p>\nThe most expensive house in Ikeja costs \u20a61,700,000,000 while the cheapest costs \u20a627,200,000. The average price of houses for sale in Ikeja, Lagos is \u20a6204,000,000. A completely built and furnished 5-bedroom detached duplex costs over 500,000,000 million and if you are looking to buy a plot of land there, it costs around \u20a6200,000,000 and above.<\/p>\n
Ikeja Government Residential Area was created during the colonial period as a high-end abode in Lagos. It is an integral part of the suburb of Ikeja and with about 200 million and above you can afford to rent a decent four-bedroom flat for a year, in a peaceful and quiet area. This area is priced high because it is an industrial area and home to many companies and offices.<\/p>\n
Check This Out:\u00a0Top 20 Richest Entertainers In Nigeria<\/a><\/strong><\/p>\n5. Victoria Island<\/strong><\/h2>\nPlot of Land: \u20a6900 million<\/strong><\/h3>\n![\"House\"](\"https:\/\/buzznigeria.com\/wp-content\/uploads\/2015\/06\/House-1024x461.jpg\")
<\/a><\/p>\nThe average price of a plot of land on Victoria Island is around \u20a6700 million or more per square meter. The most expensive plots of land in the area can cost upwards of \u20a6 1 billion.<\/p>\n
The average price of houses for sale in Victoria Island (VI), Lagos is \u20a6291,000,000. The most expensive house costs \u20a62,500,000,000 while the cheapest costs \u20a660,000,000. With 500 million or more, you can comfortably get a 5-bedroom detached duplex in the area. This, however, depends on the location of the house and the facilities in it.<\/p>\n
The average annual rent for a house in Victoria Island is around \u20a610,210,000 or more. This area is dominated by five-star hotels, top clubs in Lagos and Super shopping malls.<\/p>\n
4. Nicon Town – Lekki<\/strong><\/h2>\nPlot of Land: \u20a61 Billion and above<\/strong><\/h3>\n![\"nikon](\"https:\/\/buzznigeria.com\/wp-content\/uploads\/2015\/06\/nikon-town-1024x533.jpg\")
<\/p>\n
Nikon Town is one of the emerging real estate markets in Lagos and properties there cost about 900 million or slightly less per annum rent, and about N1 billion for a plot of land. The most expensive house costs \u20a61,500,000,000 while the cheapest costs \u20a6130,000,000 or slightly less.<\/p>\n
Nikon Town is located outside of the Lekki Peninsula, towards the campus of Chevron Nigeria Limited. It is a 57-hectare parcel of land developed into a housing estate for the Chevron Employees Cooperative Thrift & Credit Society. The land was designed to have 431 plots comprising: 46 plots at 1200 sq.m. per plot, and 204 plots at 1000 sq.m.<\/p>\n
3. Ikoyi <\/strong><\/h2>\nPlot of Land: N1.5 Billion and above<\/strong><\/h3>\n![\"Ikoyi\"](\"https:\/\/buzznigeria.com\/wp-content\/uploads\/2015\/06\/Ikoyi.jpg\")
<\/p>\n
The most expensive house in Ikoyi is sold at around \u20a67,000,000,000 while the cheapest is priced at \u20a6140,000,000. The average annual rent for a house in Ikoyi, Lagos, is around \u20a612,450,000. A five-bedroom detached duplex in Ikoyi could cost up to 1 billion naira.<\/p>\n
Ikoyi is the most affluent neighbourhood of Lagos, located on Lagos Island. It lies to the northeast of Obalende and encompasses the eastern half of Lagos Island.\u00a0Popular with the upper-class residents of Nigerian high society, Ikoyi is one of the wealthiest communities in Lagos.<\/p>\n
Life used to be a whole lot cheaper in Ikoyi but not anymore;\u00a0prices of properties are\u00a0increasing per minute. To rent a luxury three-bedroom flat in Ikoyi, above\u00a0N5 million should be budgeted per annum. An acre of land in places like Parkview and Osborne Road\u00a0is sold for between\u00a0N400 million and\u00a0N450 million.<\/p>\n
2. Lekki<\/strong><\/h2>\nPlot o<\/strong>f Land: N2 Billion<\/strong>![\"Lekki\"](\"https:\/\/buzznigeria.com\/wp-content\/uploads\/2015\/06\/house-3-1024x605.jpg\")
<\/a><\/h3>\nA plot of land in the Lekki sells between N1.5 billion and N2 billion. Although misused plots of land go for lesser prices. The average rent for a wing of a duplex in Lekki is almost N2 billion. Most properties there sell for below 200 million naira.<\/p>\n
Lekki used to be the home of some of the most expensive properties in Lagos but its value has somehow depreciated with the demand for more luxury in other newer areas.<\/p>\n
![\"Surulere\"](\"https:\/\/buzznigeria.com\/wp-content\/uploads\/2015\/06\/Ikeja.jpg\")
<\/a><\/p>\nIn Surulere, Lagos, the average cost of homes is \u20a6113,000,000. The most costly house is valued at \u20a61,800,000,000, and the least expensive is \u20a618,000,000. The cost of a piece of land in Surulere generally falls between \u20a625,000,000 and \u20a6300,000,000 while the average annual rent in the area is around \u20a63,500,000.<\/p>\n
Here is a breakdown of the average annual rent for houses in Surulere by number of bedrooms:<\/p>\n
1 bedroom: \u20a61,500,000 – \u20a62,500,000<\/p>\n
2 bedrooms: \u20a62,500,000 – \u20a63,500,000<\/p>\n
3 bedrooms: \u20a63,500,000 – \u20a64,500,000<\/p>\n
4 bedrooms or more: \u20a64,500,000 – \u20a66,000,000<\/p>\n
Surulere is a residential and commercial area located on the Lagos mainland. It is part of Metropolitan Lagos and was the bubbling area of Lagos in the seventies, now considered as old Lagos. This area is also a Nollywood movie production area, and as such, most entertainers have lived and\/or still live there.<\/p>\n
Read Also: Top Safest Cities To Live In Nigeria<\/a><\/strong><\/p>\n The average price for homes on the market is \u20a680,000,000. The most high-priced property is valued at \u20a6460,000,000 and the least expensive is \u20a623,000,000.<\/p>\n The average annual rent for a house in the area is around \u20a62,500,000 presently while Ajah is one of those areas located on the outskirts of Lagos, but properties there are as expensive as properties in the heart of the state.<\/p>\n In Ogudu GRA, a plot of land goes for around \u20a680,000,000 and more. The most expensive plots of land can cost upwards of \u20a6360,000,000 while the cheapest plots can be found for as low as \u20a625,000,000.<\/p>\n To buy a house in Ogudu, you need to have an average sum of \u20a6160,000,000. The most expensive house goes for \u20a6431,000,000 while the cheapest is priced at \u20a636,500,000. You can get a 4-bedroom detached duplex for sale in Ogudu for about 290,000,000.<\/p>\n Ogudu is situated close to Ojota on one end, and Gbagada on the other end. It has both the Government Residential Area and normal residential Area, close to Ojota.<\/p>\n With a bag full of N400 million and above, one can afford a plot of land in the Magodo area. The average price of houses for sale in Magodo, Lagos is \u20a6175,000,000. However, the most expensive houses in the area cost \u20a6450,000,000. Buying a five-bedroom detached duplex in a place like GRA Phase 2 costs over 300 million.\u00a0The average annual rent for a flat in Magodo presently is about \u20a62,120,000.<\/p>\n Magodo Isheiri and Magodo Shangisha are located close to the Lagos-Ibadan expressway and easily accessible to Lagos Island and Ikeja Central Business Districts. It is one of the most expensive estates in Lagos as it has good security. Although the area is traffic-infested during rush hour, it is home to several celebrities.<\/p>\n The most expensive house in Ikeja costs \u20a61,700,000,000 while the cheapest costs \u20a627,200,000. The average price of houses for sale in Ikeja, Lagos is \u20a6204,000,000. A completely built and furnished 5-bedroom detached duplex costs over 500,000,000 million and if you are looking to buy a plot of land there, it costs around \u20a6200,000,000 and above.<\/p>\n Ikeja Government Residential Area was created during the colonial period as a high-end abode in Lagos. It is an integral part of the suburb of Ikeja and with about 200 million and above you can afford to rent a decent four-bedroom flat for a year, in a peaceful and quiet area. This area is priced high because it is an industrial area and home to many companies and offices.<\/p>\n Check This Out:\u00a0Top 20 Richest Entertainers In Nigeria<\/a><\/strong><\/p>\n The average price of a plot of land on Victoria Island is around \u20a6700 million or more per square meter. The most expensive plots of land in the area can cost upwards of \u20a6 1 billion.<\/p>\n The average price of houses for sale in Victoria Island (VI), Lagos is \u20a6291,000,000. The most expensive house costs \u20a62,500,000,000 while the cheapest costs \u20a660,000,000. With 500 million or more, you can comfortably get a 5-bedroom detached duplex in the area. This, however, depends on the location of the house and the facilities in it.<\/p>\n The average annual rent for a house in Victoria Island is around \u20a610,210,000 or more. This area is dominated by five-star hotels, top clubs in Lagos and Super shopping malls.<\/p>\n Nikon Town is one of the emerging real estate markets in Lagos and properties there cost about 900 million or slightly less per annum rent, and about N1 billion for a plot of land. The most expensive house costs \u20a61,500,000,000 while the cheapest costs \u20a6130,000,000 or slightly less.<\/p>\n Nikon Town is located outside of the Lekki Peninsula, towards the campus of Chevron Nigeria Limited. It is a 57-hectare parcel of land developed into a housing estate for the Chevron Employees Cooperative Thrift & Credit Society. The land was designed to have 431 plots comprising: 46 plots at 1200 sq.m. per plot, and 204 plots at 1000 sq.m.<\/p>\n The most expensive house in Ikoyi is sold at around \u20a67,000,000,000 while the cheapest is priced at \u20a6140,000,000. The average annual rent for a house in Ikoyi, Lagos, is around \u20a612,450,000. A five-bedroom detached duplex in Ikoyi could cost up to 1 billion naira.<\/p>\n Ikoyi is the most affluent neighbourhood of Lagos, located on Lagos Island. It lies to the northeast of Obalende and encompasses the eastern half of Lagos Island.\u00a0Popular with the upper-class residents of Nigerian high society, Ikoyi is one of the wealthiest communities in Lagos.<\/p>\n Life used to be a whole lot cheaper in Ikoyi but not anymore;\u00a0prices of properties are\u00a0increasing per minute. To rent a luxury three-bedroom flat in Ikoyi, above\u00a0N5 million should be budgeted per annum. An acre of land in places like Parkview and Osborne Road\u00a0is sold for between\u00a0N400 million and\u00a0N450 million.<\/p>\n A plot of land in the Lekki sells between N1.5 billion and N2 billion. Although misused plots of land go for lesser prices. The average rent for a wing of a duplex in Lekki is almost N2 billion. Most properties there sell for below 200 million naira.<\/p>\n Lekki used to be the home of some of the most expensive properties in Lagos but its value has somehow depreciated with the demand for more luxury in other newer areas.<\/p>\n9. Ajah<\/strong><\/h2>\n
Plot of Land: <\/strong>\u20a627<\/strong>million – <\/strong>\u20a6300 million<\/strong><\/h3>\n
<\/a><\/p>\n
\nthe price of a plot of land can be sold for around \u20a627,500,000 and above depending on the location. A four-bedroom duplex in the area goes from about 60 million and more.<\/p>\n8. Ogudu<\/strong><\/h2>\n
Plot of Land: <\/strong>N360 million<\/strong><\/h3>\n
<\/a><\/p>\n7. Magodo<\/strong><\/h2>\n
Plot of Land: <\/strong>N400 million and above<\/strong><\/h3>\n
<\/a><\/p>\n6.\u00a0<\/strong>Ikeja GRA<\/strong><\/h2>\n
Plot <\/strong>of Land: 500 million and above<\/strong><\/h3>\n
<\/a><\/p>\n5. Victoria Island<\/strong><\/h2>\n
Plot of Land: \u20a6900 million<\/strong><\/h3>\n
<\/a><\/p>\n4. Nicon Town – Lekki<\/strong><\/h2>\n
Plot of Land: \u20a61 Billion and above<\/strong><\/h3>\n
<\/p>\n3. Ikoyi <\/strong><\/h2>\n
Plot of Land: N1.5 Billion and above<\/strong><\/h3>\n
<\/p>\n2. Lekki<\/strong><\/h2>\n
Plot o<\/strong>f Land: N2 Billion<\/strong>
<\/a><\/h3>\n