500sqm Distress Sale Land in Ibeju-Lekki

500sqm Distress Sale Land in Ibeju-Lekki - 1
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Price Analysis Fair Price

Based on 2043 similar listings

Market Demand

High Demand

Details

Type
Residential Land
Title
Certificate of Occupancy, Deed of Assignment
Address
Richardland Estate Bogije, Ibeju Lekki Lagos
Agent Fee
₦ 5
Facilities
Car Parking, Rain Water Drainge, Electric Supply
Listing by
Agent
Property Use
Residential
Square meters
600 sqm
Type of Purchase
Outright Price

500sqm Distress Sale Land in Ibeju-Lekki Highlights

  • Prime Residential Location: This land is situated in a developing residential area, offering potential for future growth and community building. Proximity to essential services and transport links is a key consideration for residential plots.
  • Generous Plot Size: A 600 square meter plot provides ample space for constructing a comfortable family home, including potential for gardens or outdoor living areas. This size is suitable for various architectural designs.
  • Essential Utilities Available: Properties in this area typically have access to electricity and drainage systems. Buyers should verify the availability and connection status of these utilities for their specific plot.
  • Secure Land Title: The presence of a Certificate of Occupancy or Deed of Assignment indicates a recognized legal claim to the land. These documents are crucial for establishing ownership and facilitating development.
  • Planned Community Features: Residential estates often include planned amenities such as car parking and rainwater drainage. These features contribute to the overall liveability and functionality of the neighborhood.

Description

• 500sqm plot of land located in Zylus Court 2, Bogije, Ibeju-Lekki, Lagos. • Offered at a distress sale price of ₦50 Million, significantly below the market value of ₦65 Million. • Title is Governor's Consent, providing a clear legal standing for ownership. • Strategic location within the rapidly developing Ibeju-Lekki corridor, known for its growth potential. • Suitable for immediate development or as a long-term real estate investment. • This is a prime opportunity to acquire land in a sought-after area at a reduced price.

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TypeResidential LandResidential LandCommercial Land
FacilitiesCar Parking, Rain Water Drainge, Electric Supply—Car Parking, Electric Supply
TitleCertificate of Occupancy, Deed of AssignmentCertificate of Occupancy, Deed of AssignmentDeed of Assignment, Sale Agreement
AddressRichardland Estate Bogije, Ibeju Lekki LagosKabusa EstataOlusoji Estate Oluyole Extension Akala Express
Agent Fee₦ 5——
Listing byAgent——
Property UseResidentialResidentialMixed
Square meters600 sqm1,000 sqm495 sqm
Type of PurchaseOutright PriceOutright PriceOutright Price
Price₦ 50,000,000₦ 45,000,000₦ 55,000,000