Land prices in Shell Residential Area, Rivers
Shell Residential Area is a gated area in Elelenwo, Obio/Akpor LGA, Rivers, in the high-income zone. Residential land is about ₦76,000 per m², so a typical 465 m² plot is about ₦35.3m.
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| Typical 465 m² plot | ₦35.3m | residential |
| Land: residential | ₦76,000 | per m² |
| Land: commercial | ₦153,107 | per m² |
| Land: industrial | ₦78,291 | per m² |
| Building: 2-bed flat | ₦184.1m | asking price |
| Building: 3-bed flat | ₦214.3m | asking price |
| Building: 4-bed house | ₦267.9m | asking price |
| Building: 5-bed house | ₦308.1m | asking price |
| Rent: 1-bed / mini flat | ₦1.5m | per year |
| Rent: 2-bed flat | ₦3.7m | per year |
| Rent: 3-bed flat | ₦5.3m | per year |
| Rent: 4-bed house | ₦10m | per year |
| Rent: shop or office | ₦21,029 | per m² per year |
Obio/Akpor LGA as a whole: ₦41,200 per m² median. Coordinates 4.85180, 7.04750.
Questions people ask
How much is a plot of land in Shell Residential Area, Rivers?
A typical 465 m² residential plot in Shell Residential Area, Rivers is about ₦35.3m (around ₦76,000 per m²) in asking prices as of October 2026. Commercial land is about ₦153,107 per m². Source: Buildocrat Land Value Book, updated weekly.
How much is rent for a 3-bedroom flat in Shell Residential Area, Rivers?
About ₦5.3m a year for a 3-bedroom flat, ₦3.7m for a 2-bedroom flat and ₦1.5m for a 1-bedroom or mini flat (October 2026).
How much does a 4-bedroom house cost in Shell Residential Area, Rivers?
Asking prices for a 4-bedroom house in Shell Residential Area, Rivers are around ₦267.9m; a 3-bedroom flat around ₦214.3m (October 2026).