How Much Is A Plot Of Land / House Ikorodu

how much land house ikorodu lagos


Ikorodu is a fast developing prosperous city located to the East of Lagos. It is located on the shores of the Lagos lagoon with an attractive waterfront district. Ikorodu is known for its hospitality.

It is the second most populous Local Government area in Lagos with about 2 million people this makes it a gold mine for real estate investments. More people mean more demand for houses. It also has an annual growth rate of 10%. This is as a result of its closeness to Lagos Urbanization and influx of people from Lagos metropolis and surrounding villages.

Ikorodu is a collecting point for local farm produce such as fish, poultry, palm oils, kernels etc that are taken to Lagos. This is facilitated by highways between Lagos, Shagamu and Epe.

See Land For Sale In Ikorodu

In terms of infrastructure, Ikorodu isn’t left behind, it has good road networks, god electrical systems, and ferry terminals. More to this, the Lagos state government has begun plans to build a 4th mainland bridge that would link Ikorodu to Lekki and other parts of Lagos.

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Ikorodu is one of the very few places you can get a plot of land for five hundred thousand naira. Rent is also affordable in Ikorodu; a three-bedroom flat in Ikorodu still goes for about 350 thousand naira per annum, while a two-bedroom flat and self-contained apartments can still be gotten for 150 thousand naira and 100 thousand naira respectively.
One other thing that attracts real estate investments in the area is its accessibility to other parts of the country. For example, Ikorodu to Ikeja is a short 20 minutes drive and about 45minutes drive to the island and a short 12 minutes drive to Lekki.
Ikorodu is a rapidly growing real estate destination in Lagos and if you’re considering buying a house or land in Ikorodu, you’re on the right track.


Price of Land and house in different parts of Ikorodu Lagos


How Much Is Land / House Agbowa Ikorodu
Average price of a 600sqm plot of land is between N600,000 – N900,000
4 bedroom detached bungalow ranges from N17,000,000 – 20,000,000
3 bedroom detached bungalow is N3, 000,000 – N7,000,000
Average price of a 2 bedroom terraced bungalow is N4, 450,000

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Agric, Ikorodu
N1, 000,000 – 5,000,000 per 600sqm plot of land
4 bedroom detached bungalow N35, 000,000
Average price of N8,000,000 for a 3 bedroom detached bungalow

See Land For Sale In Agric, Ikorodu


Cost Of Land / House in Ebute Ikorodu
N4,000,000-10,000,000 per 600sqm plot of land
4 bedroom detached bungalow N24,000,000 – 40,000,000
3 bedroom detached bungalow N12,000,000- 15,000,000
3 bedroom semi-detached duplex average price of N16,000,000


Price of Land / House in Ibeshe
N4,000,000 – 8,000,000 per 600sqm plot of land
4 bedrooms detached duplex N22,000,000 – 25,000,000
3 bedroom detached bungalow average of N7,000,000
2 bedrooms 2,500,000 – 7,5000, 000


How Much Does  Land Or House Cost in Isawo
N1,000,000 – 3,000,000 per 600sqm plot of land
3 bedroom bungalow N12,000,000-30,000,000


Jumofak Real estate average cost
N1,200,000 – 8,000,000 per 600sqm plot of land
3 bedrooms bungalow 10,000,000 – 20,000,000
4 bedrooms bungalow average price of N10,000,000


Maya Ikorodu
N500,000 – 1,500,000 per 600sqm plot of land
2 bedrooms average price of N5,000,000
3 bedrooms detached bungalow average price of N8,000,000

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How Much Is Land / House Odogunyan Ikorodu
Average of N6,000,000 per 650sqm plot of land
3 bedrooms detached bungalow N3,000,000-6,000,000
4 bedrooms detached bungalow average price of N12,000,000


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