Land prices in Morgan Estate, Lagos
Morgan Estate is a gated estate in Grammar School, Aguda, Ikeja LGA, Lagos, in the middle-income zone. Residential land is about ₦120,000 per m², so a typical 600 m² plot is about ₦72m.
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| Typical 600 m² plot | ₦72m | residential |
| Land: residential | ₦120,000 | per m² |
| Land: commercial | ₦133,255 | per m² |
| Land: industrial | ₦211,046 | per m² |
| Building: 2-bed flat | ₦77.2m | asking price |
| Building: 3-bed flat | ₦126.6m | asking price |
| Building: 4-bed house | ₦198.3m | asking price |
| Building: 5-bed house | ₦254.7m | asking price |
| Rent: 1-bed / mini flat | ₦1.2m | per year |
| Rent: 2-bed flat | ₦2.4m | per year |
| Rent: 3-bed flat | ₦3.7m | per year |
| Rent: 4-bed house | ₦10m | per year |
| Rent: shop or office | ₦9,013 | per m² per year |
Ikeja LGA as a whole: ₦679,000 per m² median. Coordinates 6.64470, 3.35620.
Questions people ask
How much is a plot of land in Morgan Estate, Lagos?
A typical 600 m² residential plot in Morgan Estate, Lagos is about ₦72m (around ₦120,000 per m²) in asking prices as of October 2026. Commercial land is about ₦133,255 per m². Source: Buildocrat Land Value Book, updated weekly.
How much is rent for a 3-bedroom flat in Morgan Estate, Lagos?
About ₦3.7m a year for a 3-bedroom flat, ₦2.4m 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 Morgan Estate, Lagos?
Asking prices for a 4-bedroom house in Morgan Estate, Lagos are around ₦198.3m; a 3-bedroom flat around ₦126.6m (October 2026).