Buildocrat Land Value Book

Land prices in Unilag Estate Magodo, Lagos

Unilag Estate Magodo is a gated estate in Mile 12, Kosofe LGA, Lagos, in the middle-income zone. Residential land is about ₦350,000 per m², so a typical 600 m² plot is about ₦210m.

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Land, building and rental values

Typical 600 m² plot₦210mresidential
Land: residential₦350,000per m²
Land: commercial₦481,612per m²
Land: industrial₦418,196per m²
Building: 2-bed flat₦120.3masking price
Building: 3-bed flat₦192.7masking price
Building: 4-bed house₦322masking price
Building: 5-bed house₦450.8masking price
Rent: 1-bed / mini flat₦1.9mper year
Rent: 2-bed flat₦3.8mper year
Rent: 3-bed flat₦5.8mper year
Rent: 4-bed house₦15.2mper year
Rent: shop or office₦46,281per m² per year

Kosofe LGA as a whole: ₦242,000 per m² median. Coordinates 6.63130, 3.39420.

Questions people ask

How much is a plot of land in Unilag Estate Magodo, Lagos?

A typical 600 m² residential plot in Unilag Estate Magodo, Lagos is about ₦210m (around ₦350,000 per m²) in asking prices as of October 2026. Commercial land is about ₦481,612 per m². Source: Buildocrat Land Value Book, updated weekly.

How much is rent for a 3-bedroom flat in Unilag Estate Magodo, Lagos?

About ₦5.8m a year for a 3-bedroom flat, ₦3.8m for a 2-bedroom flat and ₦1.9m for a 1-bedroom or mini flat (October 2026).

How much does a 4-bedroom house cost in Unilag Estate Magodo, Lagos?

Asking prices for a 4-bedroom house in Unilag Estate Magodo, Lagos are around ₦322m; a 3-bedroom flat around ₦192.7m (October 2026).

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