Land prices in Olokonla, Lagos
Olokonla is a district in Sangotedo, Eti Osa LGA, Lagos, in the middle-income zone. Residential land is about ₦150,000 per m², so a typical 600 m² plot is about ₦90m.
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| Typical 600 m² plot | ₦90m | residential |
| Land: residential | ₦150,000 | per m² |
| Land: commercial | ₦217,560 | per m² |
| Land: industrial | ₦230,755 | per m² |
| Building: 2-bed flat | ₦126.1m | asking price |
| Building: 3-bed flat | ₦145.1m | asking price |
| Building: 4-bed house | ₦181.3m | asking price |
| Building: 5-bed house | ₦335m | asking price |
| Rent: 1-bed / mini flat | ₦2m | per year |
| Rent: 2-bed flat | ₦4.8m | per year |
| Rent: 3-bed flat | ₦6m | per year |
| Rent: 4-bed house | ₦7.5m | per year |
| Rent: shop or office | ₦30,655 | per m² per year |
Eti Osa LGA as a whole: ₦504,000 per m² median. Coordinates 6.47490, 3.60620.
Questions people ask
How much is a plot of land in Olokonla, Lagos?
A typical 600 m² residential plot in Olokonla, Lagos is about ₦90m (around ₦150,000 per m²) in asking prices as of October 2026. Commercial land is about ₦217,560 per m². Source: Buildocrat Land Value Book, updated weekly.
How much is rent for a 3-bedroom flat in Olokonla, Lagos?
About ₦6m a year for a 3-bedroom flat, ₦4.8m for a 2-bedroom flat and ₦2m for a 1-bedroom or mini flat (October 2026).
How much does a 4-bedroom house cost in Olokonla, Lagos?
Asking prices for a 4-bedroom house in Olokonla, Lagos are around ₦181.3m; a 3-bedroom flat around ₦145.1m (October 2026).