If you’re planning to buy a property in Surulere, one of the first things to consider is the cost.
Like other parts of Lagos, property prices vary based on several factors, with the most important being the type of property you want and its exact location within Surulere.
In this post, we’ll focus on the average prices of land and houses in the area. 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.
Keep reading to learn more about the cost of buying property in Surulere.
Average Cost of Properties in Surulere
It’s difficult to give a single price estimate for properties in this part of Lagos.
As of now, there hasn’t been any detailed survey to determine an average cost—and that’s understandable because property prices can double within months due to the country’s economic situation.
However, based on the properties we’ve brokered over the past four months in areas like Bode Thomas, Illashe, and Itire, prices typically range from N18 million for apartments to N100 million for houses, depending on the property’s size, location, and features.
While we may not pinpoint an exact average cost, we can highlight the minimum amount you should budget:
- Based on offers we’ve seen, the starting price for houses in Surulere is around ₦70 million.
- The average price of a full plot landed property in Surulere is about ₦100 million.
QUICK NOTE:
- Of course, several factors influence property prices. The best approach is to consult a property lawyer in Surulere for expert guidance.
Here are some key factors that can affect the cost:
Factors that Affect the Price of Property in Surulere
When buying a property in Surulere, the amount you pay depends on several factors.
Some of the most important ones are location, size, and features of the property, as well as construction costs like materials, labor, and design.
1. What part in Surulere?
The exact part of Surulere where a property is located has a huge impact on its price.
Surulere is a mix of high-end, middle-class, and budget-friendly neighborhoods, so property prices vary widely.
Bode Thomas and Adeniran Ogunsanya have better infrastructure and security.
Itire and Lawanson are more residential but can be crowded and noisy.
Ojuelegba is central but can be rowdy due to traffic and commercial activities.
For example:
- A 4-bedroom duplex in Bode Thomas or Adeniran Ogunsanya (which are prime areas with good roads, modern amenities, and easy access to businesses) could cost N300 million or more.
- Meanwhile, a similar 4-bedroom duplex in Itire or Aguda, where roads may not be as developed and commercial activity is lower, might cost N70–N90 million.
Even within the same area, properties on major roads (good for businesses) often cost more than those on residential streets.
2. Size of the Property
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.
And it’s a similar story for housing.
A self-contained apartment (one room with kitchen and bathroom) in Surulere could cost N38 million, while a 5-bedroom detached house in the same location might be N80 million or more.
3. Features of the Property
The facilities and amenities in a property also play a big role in how much it costs. The more modern and luxurious the features, the higher the price.
It’s not common to find a 3-bedroom apartment for sale that comes with a swimming pool in Surulere (at least, compared to how it’s common on the Island).
But you’ll find properties with smart home systems, and high-end finishing.
Other features that increase price include:
- If the property is located in an estate with 24/7 security, CCTV cameras, and gated access
- Homes with large compounds for multiple cars are priced higher than those with limited parking.
- Properties with solar panels, inverters, or a standby generator will be more expensive.
It doesn’t end here though. Because of how important these factors are, we created a separate guide explaining the important things to consider before buying a property in Surulere.
When considering property prices, it’s not just about naming figures—you need to factor in several key questions.
The best and most effective approach is to reach out to an experienced property broker, especially one familiar with Surulere.
They can provide direct insights into the current prices for the exact type of property you’re looking to buy.
Best Place to Find Deals on Properties 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 property 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.
Properties to Buy in Surulere in 2025
At RentHouseSurulere, we’re plugged into the community and know how to find those hidden gems. 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.
Once you contact 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.
