500sqm Land with 4-Bedroom Duplex & 2x 2-Bedroom Flats, Ilupeju

500sqm Land with 4-Bedroom Duplex & 2x 2-Bedroom Flats, Ilupeju - 1
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Price Analysis Above Market

Based on 833 similar listings

Market Demand

High Demand

Details

Type
Residential Land
Address
Ilupeju estate
Property Use
Residential
Square meters
500 sqm
Type of Purchase
Outright Price

500sqm Land with 4-Bedroom Duplex & 2x 2-Bedroom Flats, Ilupeju Highlights

  • Prime Residential Location: This property is situated in a sought-after residential area, known for its established infrastructure and community appeal. Such locations often offer convenient access to essential services and amenities.
  • Generous Land Size: A 500 square meter plot provides ample space for development and potential expansion. This size is suitable for building a substantial family home or multiple units.
  • Duplex and Additional Units: The presence of a 4-bedroom duplex alongside two 2-bedroom units suggests a versatile property. This layout can accommodate large families, generate rental income, or serve multi-generational living needs.
  • Established Neighborhood: Properties in established estates like Ilupeju typically benefit from developed infrastructure, including road networks and potentially existing utility connections. These areas often have a stable community feel.
  • Potential for Investment: The combination of land size, existing structures, and a desirable location presents a strong investment opportunity. Such properties can appreciate in value over time, especially in well-regarded areas.

Description

• 500 sqm plot in a secured estate off Coker Road, Ilupeju, Lagos State. • Features a 4-bedroom duplex and two separate 2-bedroom flats. • Property is situated in a desirable location with good proximity to the estate gate. • Title: Registered Conveyance. • Ideal for residential use in a well-established area. • Offers potential for multi-family living or rental income. • The estate provides a secure environment for residents.

Compare

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TypeResidential LandResidential LandResidential Land
AddressIlupeju estateIlupeju estateAgodi, GRA, Ibadan
Property UseResidentialResidentialMixed
Square meters500 sqm400 sqm1,530 sqm
Type of PurchaseOutright PriceOutright PriceOutright Price
Price₦ 550,000,000₦ 450,000,000₦ 400,000,000