If you’ve ever considered buying property in Lagos Mainland, Surulere is probably one of the first names that comes to mind.
At RHS, we’ve been in this market long enough to know that not every part of Surulere gives you the same kind of value.
Some streets have better resale potential or are more peaceful for family living, while others are more profitable for commercial investment.
In this article, you will learn the 10 best streets in Surulere to buy property, based on:
- Location appeal
- Road network
- Price appreciation
- Long-term livability
In no particular order, these high-ROI Surulere streets are:
1. Bode Thomas Street
Bode Thomas is arguably the most famous street in Surulere.
It’s one of those areas where you can feel both the hustle of Lagos and the prestige of an established neighbourhood.
It’s a dual-purpose street (part residential, part commercial) with major banks, eateries, offices, and upscale apartments.
Why it’s great:
- Excellent road network with direct access to Western Avenue and Adeniran Ogunsanya.
- High rental demand from business owners and upwardly mobile professionals.
- Constant appreciation in land value.
Downside:
It’s busy. Traffic and noise levels are high. If you crave peace and quiet, it’s hard to find many property options with locations that offer it.
Average property price:
Buying a duplex in Bode Thomas costs, on average, ₦250 million to ₦400 million. Land costs ₦300,000 to ₦400,000 per square meter (per sqm), depending on the area.
2. Adeniran Ogunsanya Street
This is the “Victoria Island” of Surulere. It’s clean, modern, and surrounded by top landmarks like Shoprite Mall, Domino’s Pizza, and several reputable schools.
Adeniran Ogunsanya Street is popular among high-income earners and families who want comfort without crossing to the Island.
High-end businesses like OUCH, Health Plus, and CASABELLA thrive here, alongside tech and telecommunications stores like Airtel and Glo.
Why it’s great:
- Superb infrastructure and tarred roads.
- Close to major attractions and top schools.
- High resale value (properties here rarely stay on the market long).
Downside:
Expect higher property taxes in these high-cost areas of town.
Average property price:
A 4-bedroom duplex in this area can go for between ₦280 million and ₦450 million. Depending on the exact location and Titles, Land costs around ₦350,000 to ₦500,000 per sqm.
3. Ogunlana Drive
Ogunlana Drive is where most families in Surulere want to settle.
It connects easily to Bode Thomas and Adeniran Ogunsanya but offers a calmer, more residential vibe.
Why it’s great:
- Excellent road network and less noise.
- Great for family homes and modern mini-estates.
- Appreciating property values without the chaos of major commercial streets.
Downside:
Compared to other parts of Suruler, Ogunlana Drive doesn’t have much nightlife. It’s strictly for those who prefer peace.
Average property price:
If you want to buy a duplex in this area, budget between ₦180 million and ₦280 million, although it can be more. Rent in this area ranges ₦3 to ₦6 million annually for standard family houses.
4. Adelabu Street
Adelabu is like the middle child of Surulere’s streets. It’s not too expensive, not too cheap.
It sits close to Ogunlana Drive and Bode Thomas, making it very central. Buses heading to the Surulere National Stadium or Alhaji Masha Roundabout will drop off at Adelabu Street.
The street is primarily residential, suggesting a stable rental market with consistent demand for housing.
Why it’s great:
- Affordable entry point for first-time buyers.
- Easy access to other parts of Surulere and the Island.
- Good drainage and stable electricity compared to the inner areas.
Downside:
It’s gradually becoming more commercial. Maybe not now, but very soon, most areas of this street will lose some residential peace.
Average property price:
Duplexes in Adelabu Street range from ₦120 million to ₦200 million.
The price of land in Adelabu Street varies, but is roughly between ₦416,000 and ₦625,000 per sqm.
5. Lawanson Road
Lawanson is one of Surulere’s busiest arteries. It’s ideal for those looking to buy property for rental or redevelopment.
So if you’re a developer or investor and want to invest in the Surulere real estate market, Lawanson should be on your radar.
Why it’s great:
- Excellent transport links to Mushin, Ojuelegba, and Yaba.
- Lots of old properties ripe for redevelopment into mini-flats and shortlets.
- Lower property cost but strong ROI.
Downside:
Lawanson is probably the busiest and most congested area of Surulere. Also, compared to other areas, we wouldn’t call it the most serene place to live.
Average property price:
It really depends on the property’s size, condition, and exact location.
The average residential land price in Lawanson right now is approximately ₦88 million. The cheapest residential land in Lawanson would be around ₦56 million.
6. Adetola Aguda Street
Aguda has transformed in the last decade. Once considered an “inner” part of Surulere, it’s now a vibrant and well-developed suburb, with Adetola Street being its crown jewel.
The charm of old Lagos and the affordability of homes are here.
Why it’s great:
- Cheaper than Bode Thomas but still close to major roads.
- A strong sense of community here.
- Growing interest from developers building mini-estates.
Downside:
Roads can be narrow in some sections. With that in mind, this area is not ideal for heavy commercial activity.
Average property price:
You can find land around ₦350,000 per sqm for a 1000 sqm plot. There are even smaller, redevelopable properties for ₦130 million (approximately ₦216,000/sqm for 600 sqm), thereabout.
A duplex in this same area can cost anywhere from ₦120 million to over ₦290 million, depending on size and features.
7. Western Avenue
Western Avenue (Funsho Williams Avenue) is a major highway connecting Surulere to Ojuelegba and Stadium areas. It’s a solid option if you’re buying for commercial visibility or mixed-use investment.
Notable landmarks include the Nigerian Breweries headquarters, Crusader Insurance Plaza, and the National Stadium, which is a stone’s throw away.
The road is also dotted with educational institutions, such as Our Lady of Lourdes School, and vocational training centers.
Why it’s great:
- Direct route to Island, Yaba, and Ikeja.
- Perfect for office spaces, showrooms, or branded residential developments.
- The constant traffic flow means business exposure.
Downside:
It’s a very noisy area, and not ideal for family residence.
Average property price:
Land prices per sqm in Western Avenue are around ₦650,000 to ₦850,000.
For duplexes, it depends on factors such as size, finishes, and the specific location within the area.
A typical duplex can range from approximately ₦110 million to ₦900 million or more for a high-end property.
8. Ijesha Street
If you’re on a tighter budget but still want to stay within Surulere, Ijesha is worth considering.
It’s connected to Itire and close to the expressway. That gives you decent access to major areas.
The close-to-street-market appeal is also worth mentioning.
Why it’s great:
- Affordable property prices.
- Good rental potential among middle-income tenants.
- Gradually improving infrastructure and drainage.
Downside:
Some areas still experience flooding (the streets near Idi-Araba Market, including Abati George Avenue).
So you have to ‘shine your eye’ before buying property in this area.
Average property price:
The price of a duplex in Ijesha ranges from approximately ₦50 million to ₦250 million or more, depending on size and features.
Land prices in Ijesha are not stable. A plot of 956 sqm can cost around ₦420 million (about ₦440,000 per sqm).
9. Itire Road
Itire Road connects Lawanson to Ijesha and further to Mushin. It’s busy, noisy, and very commercial. But that’s precisely what makes it suitable for property investors.
The area is nestled within the Itire-Ikate Local Council Development Area.
Landmarks include Itire Market, Dan-Egerton Hospital, and the historic Itire-Ikate Civic Center.
Why it’s great:
- High traffic visibility.
- Perfect for blocks of flats, shops, or shortlets.
- Affordable entry for commercial buyers.
Downside:
This is a pretty congested area in Suruler, but still makes sense for residential living.
Average property prices:
Expect a 4-bedroom duplex or a 5-bedroom detached duplex to start from ₦250 million.
Land cost in Itire is often quoted at prices of between ₦42 million and ₦65 million. But in the broader Itire-Ikate area, prices are much higher, averaging ₦150 million, with plots ranging from ₦80 million to ₦240 million.
10. Ojuelegba Axis (Off-Streets)
Ojuelegba is famous for its history and connectivity.
Some of its off-streets (especially Alhaji Masha and Randle Avenue) are strategic for buyers who value easy transport.
Why it’s great:
- Quick access to Yaba, CMS, and Ikeja.
- Affordable land with potential for appreciation.
- Popular among small developers.
Downside:
Apart from he traffic and crowding, Ojuelegba isn’t the cleanest part of Surulere, though redevelopment is ongoing.
Average property prices:
A 490 sqm plot on Ayilara Street has been listed for ₦170 million, which equates to approximately ₦347,000 per sqm.
So land prices in the Ojuelegba axis can range from approximately ₦345,000 to over ₦544,000 per square meter.
For completed duplexes, it depends on the building’s age and other factors.
You can expect a range of ₦100 million to over ₦200 million, depending on the specific street, size, and finishing.
So, Where Should You Buy Your Next Property in Surulere?
If you’re buying for personal residence, your best bets are Ogunlana Drive, Adelabu, or Adetola Street (Aguda).
They’re peaceful, secure, and family-friendly.
If your goal is investment or commercial value, go for Bode Thomas, Adeniran Ogunsanya, or Western Avenue.
We see many properties in those areas that offer high appreciation and rental returns.
And if you’re working with a smaller budget but still want entry into the Surulere market, then Ijesha, Itire, or the Ojuelegba axis gives you affordability with growth potential.
Are you ready to take the next step?
Buy Properties in Surulere Using RentHouseSurulere
If you’re looking to buy any type of property in Surulere, the easiest and fastest way is to use RentHouseSurulere.
We know the struggle of endless searches, unreliable listings, and dealing with agents who charge hidden fees.
But with RentHouseSurulere, your search becomes easier, faster, and completely stress-free. Some of the hot deals are on:
- Apartments/Flats: Includes self-contained units, mini-flats (1-bedroom), 2-bedroom, and 3-bedroom flats.
- Duplexes: Semi-detached and fully detached duplexes, often for families or high-end buyers.
- Bungalows: Single-story house.
- Detached houses: Standalone houses with private compounds.
- Semi-detached houses: Houses sharing a wall with another unit.
- Office spaces: For businesses, startups, and corporate offices.
- Shops and retail spaces: Shop units for trading, boutiques, supermarkets, and salons, especially around markets in Surulere.
- Bare land: Bought for future development or resale.
- Serviced plots: Land in gated estates with infrastructure like roads, drainage, and electricity.
If you’re in a hurry or just prefer chatting, simply message us on WhatsApp!
