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10 Best Areas To Buy Cheap Land in Lagos State

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Are you looking for a good deal on land in Lagos? Most people who want to build a house in the city ask themselves this question. Never fear if you’re not sure where to begin in the real estate industry; you’re on the right track. The best and cheapest areas to acquire land in Lagos State are listed in this article. This knowledge, I feel, will assist you in getting started in the lucrative property flipping business in Lagos.

WHY SHOULD YOU OWN PROPERTY IN LAGOS?

Lagos State is without a doubt Nigeria’s most commercialized region. So, if you want to become a landowner in one of Lagos’ burgeoning regions, you’re on the right track. Ikorodu, Lekki, VGC, Ikoyi, Apapa, Ikotun, Orile, Ojo, Festac, and other fast-growing areas of Lagos are among the city’s developing areas.


Purchasing landed property in Lagos has the potential to return up to 5 times your initial investment. This should yield a return on investment of over 500 percent in a short period of time. Simply buy land and leave it idle for at least 6 months to allow the price to rise, then resell for up to 40% profit.

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Lagos boasts Nigeria’s fastest-growing economy, with over 15 million citizens who appear to be growing by the day. Lagos is thus a center for business, rapid development, and investment. Property and land in Lagos is by far one of the most sought-after assets.


AMUKOKO

Amukoko is the second best place in Lagos State to buy affordable land. Ajeromi Ifelodun Local Government Area is home to this location. You can go to this region to verify that there are still lands available for purchase. Ojo Road, Imam, Oja, Alaba, and Turner, all in Amukoko, have lands for sale ranging from ₦750,000 to ₦1,300,000.

AGBADO

Agbado is another great spot to buy land in Lagos. There are numerous ongoing construction projects in this area, as well as numerous additional developments. A plot of land can be purchased for up to ₦900,000. Oluwo, Abule Ekun, Akera, Ishaga, Ijaiye, Adiyan Ibaragun, Abule Ekun Olambe, and Oremerin are some of the places in Agbado that have not yet been sold.

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IJEGUN

Even though the Ijegun neighborhood in Lagos state is quite popular, there are still plots available. Land in a swampy location like Isheri Osun, for example, is also beneficial if you have the resources to preserve and grade it. You may also buy good lands in locations like Animosho, Fagbile, and so forth, while a block of land in Ijegun costs ₦600,000. However, because they are close to marshes and white sands, you may need to sand fill.

AGBOWA

If you want to buy land in the Agbowo area of Lagos state, you should act quickly. Investors are flocking to Agbowa in droves, and most of the regions are practically sold out, indicating that the city is booming. In Agbowa, you can buy land in Abosioto, Abule, Aba-Onigbagbo, Ijesha, and Aba-Oriyanrin.

APAPA

Are you astonished to know that Apapa is among the best spots in Lagos to buy affordable land? Do not be surprised because Apapa still has a lot of undeveloped property. Because of the area’s importance, these acres can be purchased for as little as ₦3 million. Land in Kirikiri, Ajegunle, Wema, Tincan, and Coconut is inexpensive.

ETI-OSA

We are all aware that Eti-Osa is a rapidly expanding area, and to be truthful. If we’re talking about affordable land in Lagos, Eti-Osa must be highlighted. The ground is quite fruitful, and you may build up to six stories on it. Land in Eti-Osa can be purchased for as little as 1.5 million nairas. Badore, Sangotedo Town, Unity, Obalende, and Cooperative Villa are all places where you can get these lands.

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BADAGRY

Badagry is a historical site with a variety of attractions and resorts. The pace of development in this field is really rapid. I must encourage you to use extreme caution when purchasing land in Badagry to avoid being misled. You can obtain good land around ₦1 million in the area. The majority of the land is owned by the government, so do your research before buying land there.

ALABA OJO

Next, in our list of the best places to buy cheap land, we have Ojo Alaba which is a Lagos landmark. Alaba is a well-known commercial district in Lagos state. Furthermore, the rent charged by landlords is extremely low. As a result, real estate in this neighborhood is quite affordable.

Land in Ojo Alaba can be found for a very low price in places such as Alaba, Ojo, Ira, and Ajangbadi Ikemba.

AKUTE

Next, in our list of the best places to buy cheap land, we have Akute. Getting a piece of land in Akute is extremely simple. You can easily become a landowner in regions like Ijoko, Ojodu Berger, Ojokoro, Ibafo, and Ijoko. They are inexpensive to purchase. As a result, enormous growth is taking place throughout Akute.

CONCLUSION

Lagos State is unquestionably Nigeria’s commercial capital, with a sizable population. As a result, the city’s land and property flipping industry is forecasted to be bustling. Before you enter the business, consider the following suggestions. Because of the high level of fraud in Lagos, you must be cautious in your dealings. Please hire a lawyer and have everything documented officially. It is inexpensive.

I hope we were able to assist you in finding a low-cost plot of land in Lagos State. If you believe this information will benefit others, please share it with your network.

 

 


Source: Nigerian Info Pedia

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