Land prices in Ikota Estate, Lagos
Ikota Estate is a gated estate in Gbolagas, Eleganza, Eti Osa LGA, Lagos, in the middle-income zone. Residential land is about ₦240,000 per m², so a typical 600 m² plot is about ₦144m.
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| Typical 600 m² plot | ₦144m | residential |
| Land: residential | ₦240,000 | per m² |
| Land: commercial | ₦348,095 | per m² |
| Land: industrial | ₦320,653 | per m² |
| Building: 2-bed flat | ₦150m | asking price |
| Building: 3-bed flat | ₦172.4m | asking price |
| Building: 4-bed house | ₦215.6m | asking price |
| Building: 5-bed house | ₦426.4m | asking price |
| Rent: 1-bed / mini flat | ₦2.4m | per year |
| Rent: 2-bed flat | ₦5.8m | per year |
| Rent: 3-bed flat | ₦7.3m | per year |
| Rent: 4-bed house | ₦9m | per year |
| Rent: shop or office | ₦49,048 | per m² per year |
Eti Osa LGA as a whole: ₦504,000 per m² median. Coordinates 6.45250, 3.56000.
Questions people ask
How much is a plot of land in Ikota Estate, Lagos?
A typical 600 m² residential plot in Ikota Estate, Lagos is about ₦144m (around ₦240,000 per m²) in asking prices as of October 2026. Commercial land is about ₦348,095 per m². Source: Buildocrat Land Value Book, updated weekly.
How much is rent for a 3-bedroom flat in Ikota Estate, Lagos?
About ₦7.3m a year for a 3-bedroom flat, ₦5.8m for a 2-bedroom flat and ₦2.4m for a 1-bedroom or mini flat (October 2026).
How much does a 4-bedroom house cost in Ikota Estate, Lagos?
Asking prices for a 4-bedroom house in Ikota Estate, Lagos are around ₦215.6m; a 3-bedroom flat around ₦172.4m (October 2026).