This article is about the top 10 best places to buy cheap lands in Lagos State, Nigeria this 2021 in order to enlighten you, our esteemed readers who would love to purchase cheap lands in any part of Lagos State, which happens to be the richest State in Nigeria, but do not know where to begin their search for a good place to settle. Do kindly continue reading along to get the necessary information on where you can purchase really cheap plots of land in the Centre of Excellence.
Lagos State, which ranks among the most populated States in Nigeria, and rightly so, is the economic hub of Nigeria, that is, the commercial capital of the country. It is a very cosmopolitan city with many top destinations that are world class, talking about the Banana Islands, the Ikoyis, the Victoria Islands, the Victoria Garden Cities, the Lekkis, the Magodos, the Ikejas, to mention but a few. As a result of the State being the melting pot of different peoples, cultures and businesses, it has seen its cost of living rise significantly over the years and as such, owning a plot of land has become something of a tall dream for many people who wish to become landlords.
Many years ago, people who wished to own at least a plot of land in Lagos State could afford it because the lands of yesteryear were quite affordable and with the State continually developing into the modern day Mega City that it is today, this has seen the cost of lands skyrocket to almost unimaginable figures and as such, only the filthy rich can afford as many lands as possible in many parts of Lagos State. Not to worry though, as there are many places still where you can purchase cheap plots of land in the State and fulfill your dreams of being a land owner.
One thing about land is that it appreciates, and this is why it is very good to purchase one very early so that you can avoid paying through your nose to get one in the future. The land may be bought and allowed to lie dormant after which you can resell if you so wish for a maximum profit in the future, or you can build your house and become a landlord, collecting steady rents per year. Whichever your choice, the various places to buy cheap lands in Lagos State, while not in the most affluent of places, are located at some of the best areas for comfortable middle class people, that is, people who have good jobs and/or businesses, and are not poor, but are not stupendously rich.
While purchasing a piece of land in any part of Lagos State, ensure that you get an authentic deed of ownership over that land so that it is legally yours in order to avoid stories in the future. Without further ado, let us shift our focus to the business of the day as we take a look at some of the best places to purchase cheap lands in Lagos State today.
TOP 10 BEST PLACES TO BUY CHEAP LANDS IN LAGOS STATE 2021
The following are the 10 best places to buy cheap lands in Lagos State this 2021 in no particular order:
Ikorodu is undoubtedly the leading place in Lagos State today where you can buy very affordable plots of land at cheap rates as the place is still developing. In places that are still yet to be fully developed like their urban counterparts in Lagos State, lands are generally sold at cheaper rates and if you want to be a land owner in Lagos, you can visit Ikorodu to find out how much at least a plot of land sells for. Some lands in Ikorodu are sold from anything between the price of ₦600,000 – ₦1 million in areas such as Maya, Itoikin, Ijede, Igbogbo, Ogijo, Imota, Imowonla, to mention but a few.
Amukoko is yet another place in Lagos State where you can purchase some of the cheapest lands at really affordable rates. Amukoko is located in the Ajeromi/Ifelodun Local Government Area of Lagos State, close to the Apapa and Ajegunle area of the State. Lands at Amukoko cost from anything between the price range of ₦750,000 – ₦1.3 million at some of the places such as Alaba, Ojo Road, Imam, Oja, Turner, and Tejumola that make up this area.
Agbado is located at Ifako-Ijaiye Local Government Area of Lagos State and there are quite a number of places where you can purchase cheap lands at the area such as Oremerin, Ijaiye, Oluwo, Ishaga, Adiyan Ibaragun, Akera, Abule Ekun Olambe etc. The place is still developing with a number of road networks and housing projects ongoing. Lands at this area of Lagos State are sold anywhere from ₦900,000 upwards.
Ijegun is yet another another area in Lagos State that you can easily purchase a plot of land at an affordable price. It is located in the Alimosho Local Government Area of the State and plots of land in the area in general are sold from ₦600,000 upwards, especially in places like White Sand, Fagbile, Animosho, and Isheri Osun. It is worthy to note that these areas are swampy and that is why lands here are very affordable as you will still put in a lot of work and resources to sand fill your land before constructing a befitting foundation for your building.
Eti-Osa is a Local Government Area in Lagos State that houses rich areas such as Victoria Island, Lekki, Ajah, Ikoyi, Obalende, to mention but a few, and while many lands in these places I have mentioned are very expensive, there are still really affordable lands that are up for grabs in Eti-Osa such as Cooperative Villa, Sangotedo Town, Badore, Unity, and some parts of Obalende. The lands are erosion-free and are very suitable for constructing your buildings should you decide to build on your land. A plot of land in Eti-Osa costs from ₦1.5 Million.
Akute is a town that sits between Lagos and Ogun States respectively. It is one of the best places to purchase cheap lands in Lagos State today. Real Estate business in this area of Lagos is still coming up and as such, the lands are sold at really cheap prices. You can get very good deals at places in Akute such as Ojudu Berger, Ojokoro, Ijoko, and Ibafo respectively.
Agbowa is a town located in Epe and it is one of the fastest developing places in Lagos State. It consists of areas such as Aba-Onigbagbo, Aba-Oriyanrin, AbijoAbomiti, Abosioto, Abule, Ijesha etc, where lands are very cheap. If you need a plot of land at Agbowa, it is advisable to visit the area to know what the prices are at this time.
Badagry is very popular for having cheap lands and the case is still the same even today. It is one of the best places in Lagos State where you can get lands at really affordable prices. Lands in this area of Lagos cost from ₦1 million – ₦2 million for a plot and you should do your thorough research of the place before you make purchases because majority of the lands in Badagry belong to the government.
Apapa is yet another place in Lagos State that features in this list of the best places in the Centre of Excellence to buy cheap lands. Even though this place is far developed than many of the places we have mentioned in this list, and that some lands here cost really much, there are still places in Apapa such as Coconut, Ajegunle, Kirikiri, Wema, Tincan, etc, that you can buy lands at cheap rates from about ₦3 million upwards.
Ojo Alaba is a town in Lagos where you can buy lands at cheap rates especially at places like Ajangbadi Ikemba, Alaba, Ira, and Ojo. This area of Lagos is not as well developed as many other parts mentioned earlier but it has good lands domiciled in it that are sold at really affordable prices.
Ibeju Lekki is fast becoming the real estate hub in Lagos State and it has the potential to rival and even surpass some of the top destinations in the State which are notable for housing the rich and very affluent people in Lagos such as Lekki, Ikoyi, Victoria Island, and Eko Atlantic due to the fast rate at which the place is being developed. Ibeju Lekki is a worthy mention in this list as real estate is sold at quite affordable prices but may skyrocket in the future because of where it is located. The Dangote Refinery, Lekki Free-trade Zone, Lekki-Epe International Airport, Dangote Private Jetty, Lekki Seaport and Pan African University are all located in this area.