Land prices in Nicon Town Estate, Lagos
Nicon Town Estate is a gated estate in Osapa London, Jakande, Eti Osa LGA, Lagos, in the prime zone. Residential land is about ₦1.4m per m², so a typical 600 m² plot is about ₦840m.
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| Typical 600 m² plot | ₦840m | residential |
| Land: residential | ₦1.4m | per m² |
| Land: commercial | ₦2m | per m² |
| Land: industrial | ₦1.1m | per m² |
| Building: 2-bed flat | ₦286.9m | asking price |
| Building: 3-bed flat | ₦340.4m | asking price |
| Building: 4-bed house | ₦433.8m | asking price |
| Building: 5-bed house | ₦1.05bn | asking price |
| Rent: 1-bed / mini flat | ₦4.8m | per year |
| Rent: 2-bed flat | ₦12m | per year |
| Rent: 3-bed flat | ₦14.9m | per year |
| Rent: 4-bed house | ₦17.5m | per year |
| Rent: shop or office | ₦286,111 | per m² per year |
Eti Osa LGA as a whole: ₦504,000 per m² median. Coordinates 6.44540, 3.50000.
Questions people ask
How much is a plot of land in Nicon Town Estate, Lagos?
A typical 600 m² residential plot in Nicon Town Estate, Lagos is about ₦840m (around ₦1.4m per m²) in asking prices as of October 2026. Commercial land is about ₦2m per m². Source: Buildocrat Land Value Book, updated weekly.
How much is rent for a 3-bedroom flat in Nicon Town Estate, Lagos?
About ₦14.9m a year for a 3-bedroom flat, ₦12m for a 2-bedroom flat and ₦4.8m for a 1-bedroom or mini flat (October 2026).
How much does a 4-bedroom house cost in Nicon Town Estate, Lagos?
Asking prices for a 4-bedroom house in Nicon Town Estate, Lagos are around ₦433.8m; a 3-bedroom flat around ₦340.4m (October 2026).