How Much Is Land in Surulere? Current Prices & Neighbourhood Guide

If you’re planning to buy a piece of land in Surulere, one of the first things to consider is the cost.

Like other parts of Lagos, land prices vary based on several factors, with the most important being the size and its exact location within Surulere.

In this post, we’ll focus on the average prices of land in the area. 

Average Price of Land in Surulere Right Now

The average cost of a full plot of land in Surulere is around ₦220 million to ₦230 million, with prices ranging from under ₦100 million to over ₦10 billion for larger or prime properties.

At RentHouseSurulere, we work closely with property brokers in Surulere, so we know there’s no fixed price. 

It’s all about finding the best deal.

Of course, several factors influence property prices. The best approach is to consult a property lawyer in Surulere for expert guidance.

The larger the property, the more you’ll pay.

For instance, you could see a 500 sqm plot of land (big enough for a large house with parking space) in Surulere with an asking price of N100 million, while a 300 sqm plot (which can fit a smaller duplex) in the same area could go for a little less.

READ ALSO: How To Find Owner Of Property You Love (When Agents Hide Them)

Price Per Plot and Per sqm Explained

*This estimation is based on our market knowledge and the average per sqm from active listings.

Price by Neighbourhood 

In our experience, existing solid buildings (bungalows, blocks of flats) and confirmed Federal C of O titles sell for significantly more per sqm than bare parcels with lower-grade documentation. 

Below, I provide the 500 sqm equivalent ranges because buyers most often ask in “per-plot” terms (which is around 500–600 sqm).

*This estimation is based on our market knowledge and the average per-sqm from active listings.

READ ALSO: 7 Key Questions to Ask Your Real Estate Agent Before Buying Land in Nigeria

What We’ve Noticed Recently in the Market

Extensive commercial lands command the highest prices. There are 15,000 sqm plots available, with areas like Western Avenue having an asking price of ₦700,000+ per sqm. 

However, typical full residential plots (500–600 sqm) ask between ₦100 million and ₦300 million, depending on locality (many off-Kilo offers we’ve seen are at around ₦140 million for 500–550 sqm. 

Very common in that area. 

Another thing is plots with buildings. For example, a 400 sqm property with a bungalow can go for ₦450 million. 

The structure, location, and title push the price up sharply. 

Meanwhile, estate land (especially in Alaka) comes in large sizes. 1,100 to 2,100 sqm pieces go for hundreds of millions to over a billion.

Factors To Consider

1. Decide: bare land or land-with-structure? 

Plots with buildings are often sold at a big premium. If you want land, target clear vacant land or bare plot offers. 

2. Title matters

Federal C of O and C of O parcels in many offers we’ve handled in areas such as Bode Thomas/Alaka sell at a premium. 

Meanwhile, leases, survey receipts, and disputed titles cost less but carry risk. 

You should ask for the title type before negotiating. 

3. Your Budget 

You need to budget realistically. 

If you want a standard 500 sqm whole plot in Surulere’s mid pockets, such as Kilo, Oduduwa, and Ijesha, you should budget between ₦100 and ₦200 million right now.

If you want a plot in Bode Thomas/Alaka or on Western Ave, expect to pay 2 to 4 times that amount. Again, it depends on the frontage and development potential. 

4. Get a site visit and valuation

While these price estimates are based on the current landed property market in Surulere, it can still be optimistic in some areas of town. 

And, prices change quickly. 

You can get a professional surveyor. 

At Rent House Surulere, we work with our clients’ surveyor to confirm the exact sqm, boundaries, and title.

How to Verify Land Sales Offers 

Key warning signs and red flags in land deals include fake documents, Omonile issues, and double sales, among others.

It’s better to take reliable legal and procedural steps, such as conducting land registry searches, verifying titles (including Certificates of Occupancy, Deeds, and Surveys), and consulting with lawyers.

You should also prioritize secured payments, site visits, checking seller credentials (LASRERA certified), and engaging professional help.

In many cases, it’s a lack of information. You really can’t avoid scams if you can’t spot them. 

At RentHouseSurulere, we’ve heard many sad stories. 

That’s why we teamed up with our in-house property lawyers to prepare a seperate guide on How to Avoid Land Scam in Lagos 2025: Legal Tips & Red Flags.

The Bottom Line

Expect to pay roughly ₦160 million for a 500 sqm residential plot in Surulere on average, but prices swing from around ₦100 million to over ₦300 million. 

It gets much higher in prime commercial areas like Bode Thomas and Alaka, depending on location, title, and whether a building sits on the land.

Best Real Estate Plug For Buying Land in Surulere: RentHouseSurulere

At RentHouseSurulere, we’re your go-to partner for finding the perfect property.

With expert guidance, personalized support, and in-depth knowledge of Surulere’s real estate market, we make your land search easy and hassle-free.

Tell us what you’re looking for, and we’ll get back to you within 24 hours.

If you’d like to explore our offers first, check out our TikTok page, where we showcase various properties, many of which have been sold just through simple comments and in-person meetings.

Also, not every property in Surulere is listed online or on social media. 

Many owners or sellers in Surulere rely on word-of-mouth to find buyers. That’s where we come in.

You can find:

• Bare land: Bought for future development or resale.
• Serviced plots: Land in gated estates with infrastructure like roads, drainage, and electricity.

Once you contact us on WhatsApp with your specs and preferences, you’ll be surprised at how fast we provide you with video, pictures, and price options based on your request. 

FAQs

How big is a plot?

A standard plot of land typically measures about 465 to 500 square metres (approximately 100 feet by 50 feet). However, the exact size can vary slightly depending on the location.

Can I build immediately?

Yes, you can build immediately if the land has proper documentation and is not under government acquisition or dispute.

Make sure it has a Certificate of Occupancy (C of O) or an approved survey plan, and that the area is zoned for building.

Are prices negotiable?

Yes, land prices are usually negotiable. Most property sellers and agents expect buyers to bargain, especially in open markets like Surulere. Still, the flexibility depends on the seller’s urgency, demand rush, and, of course, land title.

What’s the difference between a hectare, an acre, and a plot?

• 1 hectare = 10,000 sqm (about 15 plots)
• 1 acre = 4,047 sqm (about 6 plots)
• 1 plot = about 465–500 sqm

So, a hectare is the largest unit, followed by an acre, while a plot is the smallest and most commonly used unit in land transactions.