Buying a property in Surulere is a fantastic decision, especially if you’re looking for a peaceful, well-connected, and developing area.
But before you give out your money, let’s talk about the key things you need to consider. I’ll break it down for you and trust me, by the end of this article, you’ll feel more confident about making the right move.
1. Location
Surulere is a big area, and not all parts are created equal. If you’ve got pockets, you can go for properties in areas like: Adeniran Ogunsanya, Bode Thomas, Itire, Ojuelegba, and Lawanson. Each has its vibe, pros, and cons.
For example:
- 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.
Ask yourself if you want a quiet residential area or a busy, commercial-friendly zone? Your lifestyle will determine the best spot for you.
2. Budget And Property Value
Surulere is one of the most sought-after areas in Lagos, so property prices can be
quite costly. Basically, the cost depends on the exact location and condition of the property. Land prices are even higher, especially in areas like Bode Thomas.
However, properties in Surulere tend to appreciate. If you’re buying to resell or rent out, you’re likely to make a good return on investment.
3. Infrastructure And Accessibility
Surulere is well-connected to major parts of Lagos like Victoria Island, Lekki, and Ikeja. Eko Bridge, Carter Bridge, and Third Mainland Bridge are all within reach.
Public transport is also available, with buses, keke, and okada that ply the area. Nonetheless, traffic can be hectic, especially during rush hours so you need to include this in your plan.
Also, check the state of the roads in the specific area you’re buying. Some streets in Surulere are well-maintained, while others are riddled with potholes.
4. Security
Surulere is generally safe, but like any other part of Lagos, security differs by street. You can go for areas and estates with gates since they tend to be more secure, even though they are costly.
If you’re buying a property, ask around about the security situation. Talk to neighbors, and visit at different times of the day to ascertain the security situation.
5. Title Documents And Document Verification
This is where many people get into trouble. Before you pay a dime, confirm the authenticity of the property’s documents. Is it a C of O (Certificate of Occupancy), Governor’s Consent, or just a Deed of Assignment?
Each has its implications. Hire a good lawyer to conduct a thorough search at the Land Registry to ensure there are no issues or disputes.
6. Flooding And Drainage
Over time, Surulere has had flooding issues, especially during the rainy season. Some areas like Itire and Lawanson are more prone to flooding than others.
Before you buy, visit the property during the rainy season to see how the area holds up. Also, check the drainage systems around the property.
7. Amenities And Lifestyle
Surulere is a developing yet, quite independent community. You’ve got markets (Aguda Market), shopping malls (Shoprite Surulere), schools, hospitals, and even recreational spots like the National Stadium. If you’re a foodie, you’ll love the local restaurants and bukas.
Surulere is lively, but that also means it can get noisy and crowded. If you prefer a quiet, more serene environment, you might want to look elsewhere.
8. Future Development Plans
As mentioned previously, Surulere is developing. This is why you need to check if there are any ongoing or planned infrastructure projects in an area before paying for a property there.
9. Activities In The Neighborhood
If need be, you need to spend some time in the area before making a decision. Visit at different times of the day morning, afternoon, and night.
Talk to residents. Are they friendly? What activities predominantly happen there? Are you comfortable with the activities in the neighborhood? These little things matter.
10. Work with a Reputable Real Estate Agent
Finally, don’t go at it alone. Surulere’s real estate market is competitive, and there are a lot of shady deals out there.
Work with a trusted agent who knows the area inside out like RentHouse Surulere. For us at RentHouse Surulere, we can help you navigate the market, negotiate the best price, and avoid issues. Simply reach out to us or leave a comment and let’s take it up from there.
Final Thoughts
Buying a property in Surulere is a smart move, but it’s not something you should rush into. Take your time, do your research, and ask the right questions. Remember, this is beyond a financial investment, it also means choosing a lifestyle.
If you get it right, you’ll be living in one of Lagos’ most comfortable and nice areas that suits your lifestyle.
