950sqm Sellable Land at Magodo Phase 2 Estate - NGN 1.3M/sqm

950sqm Sellable Land at Magodo Phase 2 Estate - NGN 1.3M/sqm - 1
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Price Analysis Above Market

Based on 1273 similar listings

Market Demand

High Demand

Details

Type
Residential Land
Title
Certificate of Occupancy
Address
Magodo Phase 2
Agent Fee
₦ 61,750,000
Facilities
Car Parking, Domestic Sewage, Electric Supply, Gas Supply, Rain Water Drainge, Water Supply
Listing by
Agent
Access Road
Paved Road
Property Use
Residential
Square meters
950 sqm
Type of Purchase
Outright Price
Development Status
Fully Developed

950sqm Sellable Land at Magodo Phase 2 Estate - NGN 1.3M/sqm Highlights

  • Prime Residential Location: Magodo Phase 2 is a well-established and sought-after residential estate known for its organized infrastructure and security. It offers a desirable living environment within Lagos.
  • Generous Land Size: A 950sqm plot provides ample space for constructing a substantial family home, potentially including multiple units or extensive outdoor amenities. This size allows for flexible architectural designs.
  • Secure Title Deed: A Certificate of Occupancy (C of O) is a recognized and secure land title in Nigeria. It signifies legal ownership and is crucial for property development and transactions.
  • Established Infrastructure: Plots in developed areas often benefit from existing utilities such as water supply, electricity, and sewage systems. Access roads are typically well-maintained, facilitating easy movement.
  • Potential for Development: This is a plot of land designated for residential use, offering a blank canvas for building a custom home. The 'Fully Developed' status indicates that infrastructure is in place.

Description

• Prime redevelopment asset located within Magodo Phase 2 Estate. • Offers a substantial 950sqm of land with a Certificate of Occupancy (C of O). • Ideal for redevelopment, luxury residential projects, or investment. • The property is structured to be sold halfway (475sqm) to facilitate co-development or independent building for profit. • Alternatively, the entire 950sqm can be acquired for a flip strategy, retaining a portion at a reduced cost. • Situated in a high-demand area with existing infrastructure and accessibility. • Surrounded by developed properties, indicating a stable and appreciating neighborhood. • Utilities such as water, electricity, and paved access roads are available.

Compare

950sqm Sellable Land at Magodo Phase 2 Estate - NGN 1.3M/sqmThis item
950sqm Sellable Land at Magodo Phase 2 Estate - NGN 1.3M/sqm
₦ 1,235,000,000
1 Hectare Mixed-Use Land for Sale in Kubwa
1 Hectare Mixed-Use Land for Sale in Kubwa
₦ 1,500,000,000
24 Plots of Fenced Land on Lekki Expressway
24 Plots of Fenced Land on Lekki Expressway
₦ 1,500,000,000
TypeResidential LandMixed-use LandCommercial Land
FacilitiesCar Parking, Domestic Sewage, Electric Supply, Gas Supply, Rain Water Drainge, Water Supply—Car Parking, Domestic Sewage, Electric Supply, Gas Supply, Rain Water Drainge, Water Supply
TitleCertificate of OccupancyRight of OccupancyCertificate of Occupancy
AddressMagodo Phase 2Opposite Phase 3 Junction, by Kubwa Express, AbujaLekki Aviation town ibeju- Lekki
Agent Fee₦ 61,750,000——
Listing byAgent—Agent
Access RoadPaved Road—Gravel Road
Property UseResidentialMixedCommercial
Square meters950 sqm10,000 sqm17,000 sqm
Type of PurchaseOutright PriceOutright PriceOutright Price
Development StatusFully Developed—Fenced
Price₦ 1,235,000,000₦ 1,500,000,000₦ 1,500,000,000