Land prices in Ojokoro Newtown Estate, Lagos
Ojokoro Newtown Estate is a gated estate in Mulikat, Ikorodu, Ikorodu LGA, Lagos, in the lower-income zone. Residential land is about ₦23,000 per m², so a typical 600 m² plot is about ₦13.8m. Location approximate (taken from listing addresses).
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| Typical 600 m² plot | ₦13.8m | residential |
| Land: residential | ₦23,000 | per m² |
| Land: commercial | ₦65,621 | per m² |
| Land: industrial | ₦41,261 | per m² |
| Building: 2-bed flat | ₦41m | asking price |
| Building: 3-bed flat | ₦61.2m | asking price |
| Building: 4-bed house | ₦83.7m | asking price |
| Building: 5-bed house | ₦96.3m | asking price |
| Rent: 1-bed / mini flat | ₦599,820 | per year |
| Rent: 2-bed flat | ₦1.2m | per year |
| Rent: 3-bed flat | ₦1.9m | per year |
| Rent: 4-bed house | ₦4.4m | per year |
| Rent: shop or office | ₦7,472 | per m² per year |
Ikorodu LGA as a whole: ₦35,400 per m² median. Coordinates 6.62160, 3.49700.
Questions people ask
How much is a plot of land in Ojokoro Newtown Estate, Lagos?
A typical 600 m² residential plot in Ojokoro Newtown Estate, Lagos is about ₦13.8m (around ₦23,000 per m²) in asking prices as of October 2026. Commercial land is about ₦65,621 per m². Source: Buildocrat Land Value Book, updated weekly.
How much is rent for a 3-bedroom flat in Ojokoro Newtown Estate, Lagos?
About ₦1.9m a year for a 3-bedroom flat, ₦1.2m for a 2-bedroom flat and ₦599,820 for a 1-bedroom or mini flat (October 2026).
How much does a 4-bedroom house cost in Ojokoro Newtown Estate, Lagos?
Asking prices for a 4-bedroom house in Ojokoro Newtown Estate, Lagos are around ₦83.7m; a 3-bedroom flat around ₦61.2m (October 2026).