Land prices in Olaife Estate, Lagos
Olaife Estate is a gated estate in Magbon Imowo Nla, Ikorodu, Ikorodu LGA, Lagos, in the lower-income zone. Residential land is about ₦35,000 per m², so a typical 600 m² plot is about ₦21m.
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| Typical 600 m² plot | ₦21m | residential |
| Land: residential | ₦35,000 | per m² |
| Land: commercial | ₦99,859 | per m² |
| Land: industrial | ₦55,358 | per m² |
| Building: 2-bed flat | ₦47.8m | asking price |
| Building: 3-bed flat | ₦72.1m | asking price |
| Building: 4-bed house | ₦99.3m | asking price |
| Building: 5-bed house | ₦119.3m | asking price |
| Rent: 1-bed / mini flat | ₦707,821 | per year |
| Rent: 2-bed flat | ₦1.4m | per year |
| Rent: 3-bed flat | ₦2.2m | per year |
| Rent: 4-bed house | ₦5.1m | per year |
| Rent: shop or office | ₦11,370 | per m² per year |
Ikorodu LGA as a whole: ₦35,400 per m² median. Coordinates 6.61400, 3.60680.
Questions people ask
How much is a plot of land in Olaife Estate, Lagos?
A typical 600 m² residential plot in Olaife Estate, Lagos is about ₦21m (around ₦35,000 per m²) in asking prices as of October 2026. Commercial land is about ₦99,859 per m². Source: Buildocrat Land Value Book, updated weekly.
How much is rent for a 3-bedroom flat in Olaife Estate, Lagos?
About ₦2.2m a year for a 3-bedroom flat, ₦1.4m for a 2-bedroom flat and ₦707,821 for a 1-bedroom or mini flat (October 2026).
How much does a 4-bedroom house cost in Olaife Estate, Lagos?
Asking prices for a 4-bedroom house in Olaife Estate, Lagos are around ₦99.3m; a 3-bedroom flat around ₦72.1m (October 2026).