Land prices in Somolu, Lagos
Somolu is a district in Bariga, Shomolu LGA, Lagos, in the high-income zone. Residential land is about ₦410,000 per m², so a typical 600 m² plot is about ₦246m.
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| Typical 600 m² plot | ₦246m | residential |
| Land: residential | ₦410,000 | per m² |
| Land: commercial | ₦524,575 | per m² |
| Land: industrial | ₦566,258 | per m² |
| Building: 2-bed flat | ₦146.1m | asking price |
| Building: 3-bed flat | ₦192.5m | asking price |
| Building: 4-bed house | ₦326.1m | asking price |
| Building: 5-bed house | ₦553m | asking price |
| Rent: 1-bed / mini flat | ₦1.8m | per year |
| Rent: 2-bed flat | ₦4.1m | per year |
| Rent: 3-bed flat | ₦6.2m | per year |
| Rent: 4-bed house | ₦16.3m | per year |
| Rent: shop or office | ₦42,348 | per m² per year |
Shomolu LGA as a whole: ₦365,000 per m² median. Coordinates 6.53840, 3.37190.
Questions people ask
How much is a plot of land in Somolu, Lagos?
A typical 600 m² residential plot in Somolu, Lagos is about ₦246m (around ₦410,000 per m²) in asking prices as of October 2026. Commercial land is about ₦524,575 per m². Source: Buildocrat Land Value Book, updated weekly.
How much is rent for a 3-bedroom flat in Somolu, Lagos?
About ₦6.2m a year for a 3-bedroom flat, ₦4.1m for a 2-bedroom flat and ₦1.8m for a 1-bedroom or mini flat (October 2026).
How much does a 4-bedroom house cost in Somolu, Lagos?
Asking prices for a 4-bedroom house in Somolu, Lagos are around ₦326.1m; a 3-bedroom flat around ₦192.5m (October 2026).