Land prices in Victoria Island, Lagos
Victoria Island is a town in Eti Osa LGA, Lagos, in the prime zone. Residential land is about ₦2.2m per m², so a typical 600 m² plot is about ₦1.32bn.
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| Typical 600 m² plot | ₦1.32bn | residential |
| Land: residential | ₦2.2m | per m² |
| Land: commercial | ₦3.2m | per m² |
| Land: industrial | ₦1.5m | per m² |
| Building: 2-bed flat | ₦338.7m | asking price |
| Building: 3-bed flat | ₦405.6m | asking price |
| Building: 4-bed house | ₦521.6m | asking price |
| Building: 5-bed house | ₦1.33bn | asking price |
| Rent: 1-bed / mini flat | ₦5.8m | per year |
| Rent: 2-bed flat | ₦14.4m | per year |
| Rent: 3-bed flat | ₦18m | per year |
| Rent: 4-bed house | ₦20.7m | per year |
| Rent: shop or office | ₦449,603 | per m² per year |
Eti Osa LGA as a whole: ₦504,000 per m² median. Coordinates 6.43840, 3.43050.
Questions people ask
How much is a plot of land in Victoria Island, Lagos?
A typical 600 m² residential plot in Victoria Island, Lagos is about ₦1.32bn (around ₦2.2m per m²) in asking prices as of October 2026. Commercial land is about ₦3.2m per m². Source: Buildocrat Land Value Book, updated weekly.
How much is rent for a 3-bedroom flat in Victoria Island, Lagos?
About ₦18m a year for a 3-bedroom flat, ₦14.4m for a 2-bedroom flat and ₦5.8m for a 1-bedroom or mini flat (October 2026).
How much does a 4-bedroom house cost in Victoria Island, Lagos?
Asking prices for a 4-bedroom house in Victoria Island, Lagos are around ₦521.6m; a 3-bedroom flat around ₦405.6m (October 2026).