Land banking is quickly becoming one of the smartest wealth moves in Lagos, and Surulere is catching more attention than ever.
If you’re thinking of buying land in Surulere, the first big question is: which neighborhoods are the best for investment?
Well, that depends. But at RentHouseSurulere, we always advise investors to look beyond just the price tag. Proximity to key amenities and upcoming developments can make all the difference in your land’s future value.
To help you make the right decision, we’ve put together this guide covering:
- The best locations to buy land in Surulere
- The average cost of land in these areas
- The key factors to consider before, during, and after purchasing land
Keep reading to find the perfect investment spot in Surulere for landed properties.
Best Places To Buy Land In Surulere, Lagos
It’s not a one-size-fits-all situation. But the easiest way for us to explain the best places to buy land in Surulere is to consider the various tiers in terms of neighborhoods.
If you’re looking for luxury and high returns, Tier 1 locations like Bode Thomas and Adeniran Ogunsanya are best.
For a mix of affordability and value, Aguda and Lawanson (Tier 2) are great. If you’re on a tighter budget but want long-term growth, Orile Iganmu and Ijesha (Tier 3) offer good opportunities.
Tier 1: Premium Surulere Locations
These locations represent the most expensive and high-profile areas in Surulere. They offer excellent infrastructure, proximity to key commercial hubs, and high property appreciation rates.
KEY AREAS:
- Bode Thomas
- Adeniran Ogunsanya
- Ogunlana Drive
- Adelabu
- Eric Moore Area
Land in these areas commands prices around ₦350 million for a standard 120×60 plot (~669 sqm).
These areas are home to high-net-worth individuals, banks, luxury apartments, malls, and businesses.
You will also find more well-paved roads, drainage systems, and access to premium amenities such as high-end schools, restaurants, and hospitals.
Considering the high foot traffic, properties here are perfect for high-end apartments, offices, and shopping complexes.
During inspections, we’ve seen lands of 1,573 sqm at Ikene Close, Off Oduduwa Road priced at ₦350M (Net)
Tier 2: Mid-Range Surulere Locations
These areas offer a balance between affordability and good infrastructure.
They are suitable for both mid-income residential projects and small-scale commercial investments.
KEY AREAS:
- Aguda
- Parts of Lawanson
Land in this tier costs between ₦120 million to ₦200 million (depending on the size of the land).
These areas have a high rental demand due to their proximity to major business districts.
Although not as high-end as Tier 1, these areas still enjoy good roads, water supply, and security.
There’s also a mix of residential and commercial developments. In other words, land in these areas is suitable for duplexes, apartment buildings, and mini-estates.
In some of our inspections, we stumbled on lands sold for N120m on Adetola Street, Aguda with a land size of 500 sqm.
Tier 3: Budget-Friendly Surulere Locations
These locations offer the most affordable land prices in Surulere. So if you’re on a tight budget in your pursuit to acquire land, then consider these areas in Surulere:
KEY AREAS:
- Orile Iganmu
- Ijesha
While it is difficult to see land selling for below N100million in Surulere generally, with time and the right agent (and perhaps, distress or luck), you can see land in these areas going for around ₦80 million, significantly lower than in higher-tier locations.
Due to their proximity to industrial areas and transportation hubs, these locations are great for rental properties targeted at working-class residents.
You wouldn’t expect areas to be as developed as Tier 1 or 2, but these areas still provide decent roads, schools, and hospitals.
As Lagos continues to expand, properties in these areas are expected to appreciate in value over time.
What To Consider When Buying Land in Surulere
There is a lot of advice out there. But the most important ones especially if you’re buying land in Surulere:
1. Always Inspect the Land in Person
Before making any payment, it’s important to visit the land yourself to confirm that what you were promised is what you are actually getting.
This will help you avoid being scammed into buying land that doesn’t exist, isn’t available for sale, or is in a different location from what you were told.
The best approach is to conduct an on-site inspection with a lawyer and surveyor to ensure everything is legitimate and professionally handled.
Pro Tip:
- The best time to inspect land is during the rainy season. It helps you see the land’s condition at its best and worst times. You can check for flooding, erosion risks, and poor road access. These factors will affect the value and usability of your land.
2. Work with a Surveyor
Since you are investing in land, it’s smart to involve a professional surveyor.
A surveyor will measure and map out the land to ensure you’re getting the correct size. They will also determine if the land is suitable for construction or your intended purpose.
3. Verify the Seller’s Authenticity
Many people have fallen victim to fraud by unknowingly buying land from fake sellers.
Some people present forged property documents claiming to own land that isn’t theirs. Others sell land that is already owned by someone else.
Do a background check on the seller to confirm their ownership. Request for official documents proving that they legally own the land.
Consult a lawyer to verify all paperwork.
4. Cross-Check All Documents
Before making any payments, ensure you thoroughly review important legal documents like:
- Survey Plan (to confirm the exact size and location of the land).
- Letter of Attorney (if the sale is being handled by a representative rather than the owner).
- Deed of Assignment (to officially transfer ownership to you).
Your lawyer should review and authenticate all documents to confirm that the land is genuinely available for sale and you will have full legal ownership after purchase.
How Much Is Landed Property in Surulere?
The average price of a full plot landed property in Surulere is about ₦100 million.
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 – both for the land and the building itself.
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 N45 million.
How To Search For Landed Properties in Surulere
If you’re searching for land to buy in Surulere, don’t waste time with unreliable sources.
RentHouseSurulere is here to help you find the best deal, in the best location, without the usual stress.
STEP 1: Go to our website (https://renthouseSurulere.com/)
STEP 2: Navigate to the Request Property page
STEP 3: Fill out the form on the page with your details.
You’ll need to provide your name, contact number, and purchase preference (whether you’re looking to rent, buy, or sell a property).
Since you’re looking for a landed property, select that as your preferred type. Also, include your budget, and preferred location in Surulere. There’s also a section for additional details,
STEP 4: Expect our response within 24 hours.
We show you available landed properties related to what you inserted.
Yes, it’s that simple.
QUICK TIP:
- You can skip all these steps and simply reach us on Whatsapp, with your specs and preference. You’ll be surprised at how fast we provide you with video, pictures, and price options based on your request – because we have them ready to go.
Before anything, we would even give you personalized recommendations based on various neighborhoods in Surulere because we know this city like the back of our hand.
