If you talk about buying properties in Badagry, you are definitely talking about the Lagos State real estate market. And you know what that entails — a fast-growing area for investments and promising land appreciations. This is why Nigerians home and abroad want to secure at least a plot of land in Badagry.
But let’s be honest: Badagry isn’t the first name on everyone’s lips when discussing Lagos real estate. However, if you dig a little deeper, you’ll find out it’s a hidden gem.
So, how much is a plot of land in Badagry, and what makes it worth considering? Let’s explore everything you should know about prices.
Why Badagry?
Do you know that currently, Badagry is not just another part of Lago? Far from it. It’s a unique region steeped in history. While many know it as the cradle of Nigeria’s slave trade history, it also boasts landmarks like the First Storey Building in Nigeria and the Badagry Heritage Museum.
Even beyond its historical appeal, Badagry’s positioning between Lagos and the Benin Republic ensures that it is a great spot for cross-border trade and tourism.
By location, Badagry is located on the outskirts of Lagos, but that has not stopped the increasing demand for land. For property investors, this area represents untapped potential.
With the Lagos State government expanding infrastructure such as the Badagry Expressway and proposing new projects like the Lagos-Badagry Deep Sea Port, the area is bound to attract even more investors.
Also, owing to the amount of tourists that visit Badagry, any hospitality structure you build will yield significant returns. Based on the statistics from the Lagos State Ministry of Tourism, Badagry receives over 150,000 visitors annually. Think of how much impact this can have on land investments in the city.
Also Read:
- Why You Should Invest in Badagry Real Estate Market
- Top 10 Interesting Facts About Badagry You Should Know
- 10 Simple Questions to Ask Before Buying Land in Badagry
How Much is a Plot of Land in Badagry?
Don’t be surprised to find out that the cost of a plot of land in Badagry may be different from place to place. However, below is a breakdown based on the location and type of land.
1. Outskirts of Badagry (Remote Areas)
These are areas far from the town center or major roads. In the fringes of Badagry, where development is slower, you can get a plot of land for as low as ₦9000,000 to ₦2,000,000. This option is ideal for those interested in land banking.
2. Developing Areas
In places like Ibereko, Mowo, or Aradagun, where development is picking up, prices range from ₦1,500,000 to ₦4,000,000 per plot. Because these areas are now witnessing infrastructural growth, they are great for residential purposes.
3. Prime Locations in Badagry Town (Near Tourist Hubs or Highways)
Land close to major landmarks like the First Storey Building, the Badagry Heritage Museum, or along the Lagos-Badagry Expressway commands higher prices. They can cost anywhere from ₦5,000,000 to ₦10,000,000 for a standard 600 sqm plot. These parcels of land are perfect for commercial use, especially for hospitality businesses.
4. Government-Approved Estates
For those looking to buy land in organized estates with amenities like security and drainage, expect prices between ₦7,000,000 and ₦15,000,000 per plot.
Factors That Influence Land Prices in Badagry
Several factors determine how much you’ll pay for a plot of land in Badagry. They are:
Location
While there are other factors that influence land prices, location tends to be the most influencing factor. In that regard, proximity to infrastructures like roads, schools, markets, and landmarks significantly impacts land prices.
For instance, land close to the Lagos-Badagry Expressway or within the town center usually has higher prices.
Land Title
Titles like Certificate of Occupancy (C of O), Governor’s Consent, or Gazette greatly influence cost. A land with a proper title will be more expensive than one without documentation. And it’s important to go for this documented land even though it is much more expensive, because it guarantees peace of mind.
Purpose of Purchase
Are you buying for residential purposes, commercial development, or land banking? The purpose of the land you want to purchase will also affect the price.
Usually, land meant for commercial use often costs more due to its income-generating potential.
Infrastructure Development
As infrastructure improves, so do land values. The ongoing expansion of the Lagos-Badagry Expressway has already spiked property prices in the area.
Demand and Speculation
As more investors eye Badagry, the demand for land increases, naturally pushing up prices. So, the best move is to get a piece of land before a lot of buyers buy up the area.
Government Projects
Ongoing and proposed projects like the Lagos Rail Mass Transit and the Badagry Deep Seaport are driving land prices up in surrounding areas.
Additional Expenses
The actual cost of purchasing a plot of land goes beyond the price tag. Here are other fees you should budget for:
- Survey Plan
This document defines the boundaries of the land. Expect to pay between ₦150,000 and ₦300,000.
- Deed of Assignment
This is the legal proof of ownership transfer. Costs range from ₦10,000 to ₦200,000.
- Omo-Onile Fees
These are traditional levies paid to the local landowners. Fees vary but can range from ₦100,000 to ₦300,000.
- Land Registration
Registering your land with the government typically costs ₦250,000 to ₦700,000, depending on the land size and location.
Also Read:
- Follow This Guidelines to Avoid Land Scams in Badagry
- The 3 Best Locations to Buy Land NEAR Asaba
- The 5 Best Places to Buy Land in Anambra as a Nigerian in the Diaspora
Areas to Consider for Land Investments in Badagry
Here are some of the best areas in Badagry to consider for land investments:
Apa
Apa is one of the best locations for real estate investment in Badagry. Despite being a historic community, it’s also one of the oldest communities in the region. Located Northwest of Badagry, investors are trooping into this region to secure properties.
Currently, a plot of land in this Northwest region of Badagry is ₦2 million and above. Send a WhatsApp message or call +2349134056630 to get across to us for inspection.
Ajara
This area is close to the expressway and is rapidly developing. The land here is ideal for residential purposes, with prices ranging from ₦3 million to ₦15 million.
Mowo
Mowo is known for its affordability and steady growth. Plots here cost between ₦5 million, ₦8,000,000 and ₦10 million.
Ibereko
A mix of residential and commercial opportunities. Most plots of land in Ibereko go for ₦5 million to ₦12 million.
Seme Border
For investors targeting international trade, the Seme Border area offers commercial land starting from ₦4 million.
Why Now is the Best Time to Invest in Badagry
If you’ve been waiting for a sign to invest, this is it. The area is still relatively affordable compared to other parts of Lagos, but prices are steadily climbing.
In case you want us to spell out why this place is a great choice. Here’s why: Right now, there’s a rising demand in the area. Because Lagos is getting crowded, many are looking to its outskirts for quieter and more affordable options. And Badagry is a prime candidate for this shift.
Next, think about the gradual infrastructure expansion going on there. The Lagos State Government is committed to completing the Lagos-Badagry Expressway. If they are able to do this, you can agree with us that this is a game-changer. Once completed, this road will make commuting to Lagos Island and other parts of the state smoother.
Finally, there’s the economic opportunity to consider. With the proposed Deep Sea Port and the growing tourism sector, Badagry promises economic growth that will directly impact property values.
Secure Your Own Piece of the Badagry Goodness Today
From the foregoing, the future of Badagry’s real estate market looks bright. With ongoing government projects, increased tourism, and rising demand for affordable housing, the area is set for significant and steady growth.
Experts predict that land prices could double within the next decade, making now the perfect time to invest. The good news in all this is that Badagry offers options for every budget. So, you can gear up for your investment today.
To explore any of our real estate investment packages like land banking, retirement plan, kids education investment plan, trade apprenticeship plan or if you want to purchase some plots where you will have residential or commercial buildings, send an email to us at info@affablehomes.com.ng or call +2349134056630.
