Land prices in Satellite Town, Lagos
Satellite Town is a district in Festac, Amuwo Odofin LGA, Lagos, in the middle-income zone. Residential land is about ₦100,000 per m², so a typical 600 m² plot is about ₦60m.
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| Typical 600 m² plot | ₦60m | residential |
| Land: residential | ₦100,000 | per m² |
| Land: commercial | ₦126,404 | per m² |
| Land: industrial | ₦140,925 | per m² |
| Building: 2-bed flat | ₦87.4m | asking price |
| Building: 3-bed flat | ₦100.5m | asking price |
| Building: 4-bed house | ₦139.9m | asking price |
| Building: 5-bed house | ₦264m | asking price |
| Rent: 1-bed / mini flat | ₦1.2m | per year |
| Rent: 2-bed flat | ₦2m | per year |
| Rent: 3-bed flat | ₦2.4m | per year |
| Rent: 4-bed house | ₦8m | per year |
| Rent: shop or office | ₦10,169 | per m² per year |
Amuwo Odofin LGA as a whole: ₦178,000 per m² median. Coordinates 6.45000, 3.26690.
Questions people ask
How much is a plot of land in Satellite Town, Lagos?
A typical 600 m² residential plot in Satellite Town, Lagos is about ₦60m (around ₦100,000 per m²) in asking prices as of October 2026. Commercial land is about ₦126,404 per m². Source: Buildocrat Land Value Book, updated weekly.
How much is rent for a 3-bedroom flat in Satellite Town, Lagos?
About ₦2.4m a year for a 3-bedroom flat, ₦2m for a 2-bedroom flat and ₦1.2m for a 1-bedroom or mini flat (October 2026).
How much does a 4-bedroom house cost in Satellite Town, Lagos?
Asking prices for a 4-bedroom house in Satellite Town, Lagos are around ₦139.9m; a 3-bedroom flat around ₦100.5m (October 2026).