If you are looking for cheap land in Lekki, Ikorodu, Ikoyi, VGC, Apapa, or even Orile, Coker, Festac, Ojo and Ikotun, then you have come to the right place. I will be reviewing cheap land.
You won’t know how important it is to buy a Piece of Land in Lagos until it may be too late. 10 years ago, a plot of land at Lekki sells for less than 300,000. But now, a plot of land at Lekki can’t be sold for anything less than 25 million Naira, which is over 15 times its original price. And this price is expected to skyrocket in 3 years’ time. Smart investors who acquired land in Lekki then, are now enjoying massive dividends produced by their investments
Investing in landed property in Lagos has a profit potential to yield up to 5X your original investment giving an output of over 500% ROI within a short period of time. You simply purchase land and leave it dormant for a least 6 months for the price to appreciate then resell with up to 40% in profit.
Lagos has the fastest growing economy in Nigeria with over 15 million residents that seem to be increasing every day. This makes Lagos a hub for commerce, rapid growth, development, and investment. The land is by far one of the most sought after assets in Lagos is property & land. Getting an authentic deed of ownership over land or a landed property in Lagos has a lot of advantages, you can easily become financially stable in no time using this investment strategy.
Now that your eyes are opened, I will be unveiling the cheapest places to get a plot of land in Lagos. Property Flipping has created millions of Naira for a lot of people in Lagos. The story has changed since the last millennium, the prices have moved up, skyrocketed to be exact.
Lagos became the economic capital of Africa, the smallest, economic hub and most populous state in Nigeria. Lagos is basically the envy of all 36 states in the federation. These factors increase these prices of land meaning that there are only a handful of places you can get a plot of land for less than ₦800,000 in Lagos. But without doubt, you will definitely land a plot of land at a good price in Lagos at any of these locations:
- Cheapest Places To Buy Land In Lagos
- Cheap Land in Ibeju Lekki and Opportunities
- How to Sell Land Online in Nigeria
- Precautions for buying land in Lagos
Cheapest Places To Buy Land In Lagos
This is one of the few cheap places to get a plot of land in Lagos. This is because lands are sold cheaper in developing areas that Urban places. Land in Ikorodu has proven to be the cheapest in Lagos. You can still get a plot of land in some parts of Ikorodu between ₦600,000 to ₦1,000,000 in areas like Ijede, Igbogbo, Ogijo, Imota, Imowonla, Igberigbe, Igbolomu & Isawo at a very good price.
Amukoko is another place to get some of the cheapest land prices in Lagos. Located in Ajeromi-Ifelodun LGA, there are still so many lands available for sale all at a relatively cheap price. You can get a plot of land for a good price usually between 750,000 to 1,300,000 at Alaba, Ojo Road, Imam, Oja, Turner, and Tejumola.
Agbado has a number of ongoing constructions of roads and housing estates going on in that place and the government also planning massive infrastructural development there, The few spots of land left in that place are sold no less than 900,000 Naira. You may be able to get it at a cheaper price in places like Oremerin, Ijaiye, Oluwo, Ishaga, Adiyan Ibaragun, Akera, and Abule Ekun Olambe
Ijegun is another place that you can easily acquire a plot of land at a cheap price in Lagos. Places like white sand, Fagbile, Animosho, and Isheri Osun are saturated with swamps and canals, making land in Ijegun very very cheap as low as 600K per plot. The only downside is that you will spend a lot of money filling up these swamps to lay your foundation.
When it comes to cheap land in Lagos, Eti-Osa is also my go-to place. Eti-Osa is one of my favorites. Eti-Osa is loaded which good fertile and erosion free land that is sure to carry a 4 or 5 story building for years. This is one of the few places in Lagos, Nigeria that you can get a plot of land for less than N1.5 Million. Areas like Cooperative Villa, Sangotedo Town, Badore, Unity, and some parts of Obalende are ripe places to get land at a giveaway price.
This has to be one of the easiest places to get a piece of land I Lagos I have ever encountered. The seller is reasonable and extremely condescending. Akute offers a wide array of land up for sale at a good price in a fast-developing neighborhood. Areas like Ojudu Berger, Ojokoro, Ijoko, and Ibafo offer good land at a good price.
If you are looking for a piece of land in Agbowa, you better hurry because almost all the land in this place are getting sold out. Agbowa is another fast-growing suburban community in Lagos, where you can get a good and cheap land in Lagos. Areas like Aba-Onigbagbo, Aba-Oriyanrin, AbijoAbomiti, Abosioto, Abule & Ijesha are still free.
Badagry also has a history of cheap land in Lagos. Be careful before you buy any land in Badagry. Land in Badagry is sold for 1 – 2 Million Naira. So may land in Badagry is either under Government acquisition for either agriculture, tourism or other purposes. Be extra careful when purchasing land here.
Surprisingly, there are still places in Apapa that you can purchase a plot of land for 3 Million Naira, Areas like Coconut, Ajegunle, Kirikiri, Wema, and Tincan still have good lands for sale.
10. Ojo Alaba
Finally, Ojo Alaba. This is also one of the best places to buy cheap land in Lagos. The rent charged by the landlord for substandard facilities here is amazing. Land in Ojo Alaba is being sold in bulk and it would be wise to purchase one now. Neighborhoods like Ajangbadi Ikemba, Alaba, Ira, and Ojo are notable for cheap land.
Cheap Land in Ibeju Lekki and Opportunities
Ibeju Lekki is another real estate hotspot in Lagos. In comparison to other notable places like Lekki, Ikoyi, Victoria Island, and Eko Atlantic, Ibeju Lekki has all the potentials of becoming an investment haven. The presence of the Dangote Refinery, Lekki Free-trade Zone, Lekki Epe International airport, Dangote private jetty, Lekki seaport & Pan African University will make any land or landed property here a goldmine.
Sadly, there are only a few spots of good land at Surulere, Igando, Ikotun, Oshodi and Ibeju Lekki that would be sold for a good price. These places are now like “No go area for cheap land in Lagos”.
How to Sell Land Online in Nigeria
It’s super easy to sell land in Nigeria. using sites like Jumia deals, Jiji, Propertypro, Vconnect, Facebook and other social media, you can sell your land in Nigeria for any price. If you want to sell your land in Nigeria,
- Take good photos of your land.
- Write a good description of your land.
- Get the land papers ready.
- Go post the pictures of the land and its features online
- And bargain with your customers.
Precautions for buying land in Lagos
There is a high level of Fraudulent practice when it comes to a land purchase in Lagos. It is wise to seek legal services when you intend to purchase land in Lagos. A lawyer will help you to help trace and search the title of the property that you want to buy & determine the documents required for the transaction to be valid and successful based on the circumstances of the property to be purchased.
How To Avoid Omo-Onile Wahala when you want to buy land in Lagos
The Omo-Onile also called land grabbers are the “original indigenes of Lagos” or sons of the soil who take advantage of individuals who purchase lands in Lagos. They take advantage through violence, fraudulent conducts, breach of contract and other means to dispossess people of their land and/or property.
These actions discourage people from investing their money in land and real estate in Lagos because they are afraid that they would eventually lose their money. These are the best ways to buy land in Lagos, without being cheated and free from Omo-Onile issues.
- Get an experienced Lawyer or real Estate help you verified land ownership before payment or go to The Lagos State Ministry of Lands, Located at Alausa. This body is in charge of registering titles of every land within Lagos State. You can easily verify ownership using this process.
- Pay for the land in full. Avoid half payment because it is the easiest way to fall into Omo-Onile
- Register the land and secure your assets. You should also register the land at the Lagos State Ministry of Lands, Alausa to get all necessary documentation and certificates and immediately fence the property to avoid trespassing and encroachment.
- Pay dues taxes and levies. It’s that easy.
Note: Do not buy land from a place selected for agriculture, no matter the price. Buying a Land that has been designated for Agricultural purposes is the quickest way to get your house to get demolished by the government when they want to use it. Be Wise.
Do you know that Lagos has more millionaires than every other state, you can easily become a millionaire simply by investing in landed property. Lagos is the most famous state in Nigeria, with a landmass of 3,577 square kilometers. There is enough land to go round, grab yours while there still is.
If you want to sell your car, it is probably going to be bought less than what you bought it for because it is an old model. This rule doesn’t apply to land properly. The price can appreciate in a matter of days. If you’ve considered venturing into this line of business, these are the cheapest places to get a plot of land in Lagos.
Don’t be scared even if it a swamp or canal, Lagos was once a big lagoon with a few spots of land. Now, it is one of the finest places in Africa. Do you have a contribution or idea you would like to share? Feel free to do so in the comment section below.Source: INFORMATIONNGR