Land prices in Magodo Gra, Lagos
Magodo Gra is a gated area in Olowoira, Mile 12, Kosofe LGA, Lagos, in the high-income zone. Residential land is about ₦410,000 per m², so a typical 600 m² plot is about ₦246m.
See Magodo Gra on the satellite map, with postcodesAsk us on WhatsAppLand, building and rental values
| Typical 600 m² plot | ₦246m | residential |
| Land: residential | ₦410,000 | per m² |
| Land: commercial | ₦564,174 | per m² |
| Land: industrial | ₦467,176 | per m² |
| Building: 2-bed flat | ₦127.5m | asking price |
| Building: 3-bed flat | ₦204.9m | asking price |
| Building: 4-bed house | ₦343.4m | asking price |
| Building: 5-bed house | ₦488.9m | asking price |
| Rent: 1-bed / mini flat | ₦2.1m | per year |
| Rent: 2-bed flat | ₦4m | per year |
| Rent: 3-bed flat | ₦6.2m | per year |
| Rent: 4-bed house | ₦16.1m | per year |
| Rent: shop or office | ₦54,215 | per m² per year |
Kosofe LGA as a whole: ₦242,000 per m² median. Coordinates 6.61950, 3.38040.
Questions people ask
How much is a plot of land in Magodo Gra, Lagos?
A typical 600 m² residential plot in Magodo Gra, Lagos is about ₦246m (around ₦410,000 per m²) in asking prices as of October 2026. Commercial land is about ₦564,174 per m². Source: Buildocrat Land Value Book, updated weekly.
How much is rent for a 3-bedroom flat in Magodo Gra, Lagos?
About ₦6.2m a year for a 3-bedroom flat, ₦4m for a 2-bedroom flat and ₦2.1m for a 1-bedroom or mini flat (October 2026).
How much does a 4-bedroom house cost in Magodo Gra, Lagos?
Asking prices for a 4-bedroom house in Magodo Gra, Lagos are around ₦343.4m; a 3-bedroom flat around ₦204.9m (October 2026).