Land prices in Mile 12, Lagos
Mile 12 is a town in Kosofe LGA, Lagos, in the lower-income zone. Residential land is about ₦63,000 per m², so a typical 600 m² plot is about ₦37.8m.
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| Typical 600 m² plot | ₦37.8m | residential |
| Land: residential | ₦63,000 | per m² |
| Land: commercial | ₦86,690 | per m² |
| Land: industrial | ₦125,913 | per m² |
| Building: 2-bed flat | ₦64m | asking price |
| Building: 3-bed flat | ₦99.1m | asking price |
| Building: 4-bed house | ₦160m | asking price |
| Building: 5-bed house | ₦186.9m | asking price |
| Rent: 1-bed / mini flat | ₦982,287 | per year |
| Rent: 2-bed flat | ₦1.9m | per year |
| Rent: 3-bed flat | ₦2.9m | per year |
| Rent: 4-bed house | ₦8m | per year |
| Rent: shop or office | ₦8,331 | per m² per year |
Kosofe LGA as a whole: ₦242,000 per m² median. Coordinates 6.61080, 3.39790.
Questions people ask
How much is a plot of land in Mile 12, Lagos?
A typical 600 m² residential plot in Mile 12, Lagos is about ₦37.8m (around ₦63,000 per m²) in asking prices as of October 2026. Commercial land is about ₦86,690 per m². Source: Buildocrat Land Value Book, updated weekly.
How much is rent for a 3-bedroom flat in Mile 12, Lagos?
About ₦2.9m a year for a 3-bedroom flat, ₦1.9m for a 2-bedroom flat and ₦982,287 for a 1-bedroom or mini flat (October 2026).
How much does a 4-bedroom house cost in Mile 12, Lagos?
Asking prices for a 4-bedroom house in Mile 12, Lagos are around ₦160m; a 3-bedroom flat around ₦99.1m (October 2026).