Lagos is a city that draws people in with its energy and promise. But let’s be honest, buying a property in Lagos itself may not be realistic for many. Prices are sky-high and so many folks are looking at the areas near Lagos instead. They are looking for where to buy affordable land near Lagos.
And that makes sense. Finding land near Lagos at affordable prices can be a really smart move.
It’s a way to own property without emptying your bank account. In addition, these areas often have good projects going for them, like new roads and the potential for property values to increase.
So, where should you look? This guide will take a closer look at five places: Epe, Badagry, Ofada Owode, Ijebu Ode, and Ibadan. Each one has something different to offer someone looking to buy land near Lagos.
1. Epe, Lagos
Epe is strategically located just 90 minutes from Lagos Island, and it’s starting to get noticed. With the Lekki-Epe Expressway providing smooth access and the upcoming Lekki Airport nearby, Epe is attracting buyers because it offers something Lagos city itself can’t: more affordable land.
“Affordable” is relative in Epe. Prices vary significantly by location. In prime areas near the lagoon or close to major developments like Alaro City, plots can range from ₦15-20 million for 500sqm.
Further inland, you can find 500sqm plots from ₦500,000 to ₦5 million. Many developers offer flexible payment plans spanning 6-12 months, making it easier to become a landowner.
Epe is seeing serious development momentum that’s transforming the entire region. The Regional Road project is transforming connectivity throughout the area, making transportation more efficient for residents and businesses alike.
The presence of prestigious institutions like Pan-Atlantic University and Augustine University adds significant value to the region, attracting students, academics, and associated businesses. New residential estates like Beautiful Garden Estate by Affable Homes Ltd are growing quickly in response to this development.
Getting to Lagos from Epe keeps getting easier. The improved Lekki-Epe expressway has cut travel time to about 90 minutes to Lagos Island.
2. Badagry Area
Also Read:
- 10 Simple Questions to Ask Before Buying Land in Badagry
- Why You Should Invest in Badagry Real Estate Market
- Top 10 Interesting Facts About Badagry You Should Know
Badagry is a town with a lot of history. It was the first place in Nigeria that people started visiting for tourism. Now, it’s getting popular for a different reason: a destination for real estate investment.
Being right on the border is a big plus. More and more people are seeing the potential in Badagry and starting to invest.
Land prices in Badagry vary widely. Badagry Beach or around the Seme border area can range from ₦10-15 million for 500sqm.
Further inland, in areas like Aradagun, Mowo, or Ijanikin, you can find plots starting from ₦2 to 5 million for the same size. Areas like Age-Mowo and Pampo offer even more affordable options.
In Apa, Badagry, Affable Homes Ltd has a 450 sqm plot size of land for ₦2 million.
Badagry is changing rapidly. The Lagos-Badagry Expressway expansion is a game-changer – this 10-lane international highway will cut travel time to Lagos significantly. If you wish to maximize your investment, it’s time to buy land near Lagos in Badagry.
3. Ofada Owode
Also Read:
- What to Look for During a Land Site Inspection in Ofada Owode
- Follow This To Verify Your Land Ownership in Ofada Owode
- Why You Should Invest in Ofada Owode Real Estate Market
Ofada Owode is not as well-known as some other areas, but that’s changing fast. Its location is a big plus – it’s close enough to Lagos to be convenient, but far enough away to offer a different pace of life.
More and more people are discovering Ofada Owode. Ofada Owode is becoming a popular choice for those looking to buy land near Lagos.
What’s attracting people to Ofada Owode for real estate investment? A combination of affordability, accessibility, and potential for future growth. It offers excellent value for your investment.
Land prices here are more affordable than in Lagos. Prices vary depending on location. Land closer to the main town and along the Lagos-Ibadan Expressway corridor ranges from ₦3-5 million for a 500sqm plot size.
In developing areas like Magboro and Ibafo, you can find similar-sized plots for ₦4-10 million.
Several significant infrastructure projects are underway, including the expansion of the Lagos-Ibadan Expressway service lanes and ongoing road network improvements.
4. Ijebu Ode
This place has a history. It used to be a major trading hub, a real center of commerce. Now, it’s attracting attention for a different reason: land investment.
In prime areas like Oke-Owa and Oke-Aje, close to the town’s commercial heart, plots typically range from ₦5-8 million for 500 sqm.
Moving to rapidly developing areas like Imupa and Ogun Waterside Road, you’ll find prices between ₦2-4 million for the same size. The real value lies in emerging corridors like Ilese and Ijebu-Ife Road, where 500 sqm plots start from ₦1.5 million.
Ijebu Ode sits about 110 kilometers from Lagos, strategically positioned along two major arteries: the improved Ijebu Ode-Epe Expressway and the Sagamu-Benin Expressway.
Travel time typically ranges from an hour to 2 hours, depending on traffic and your starting point in Lagos.
5. Ibadan
Ibadan is a city in its own right, a major hub in Nigeria. While it’s further from Lagos than the other places we’ve talked about, that’s part of its appeal.
Ibadan offers something different: the feel of a big city but with more affordable land and a less hectic pace. It’s attracting many real estate investors who are looking for opportunities outside of the Lagos rush.
Land prices vary significantly. In central areas like Bodija, Iyaganku, and Agodi GRA, plots can range from ₦15-25 million for 500sqm.
Further out, in places like Alakia, Moniya, or along the Lagos-Ibadan Expressway corridor, similar-sized plots start from ₦3-5 million. Areas like Elebu and Ajibode are getting popular with investors.
Major projects like the Ibadan Circular Road and the ongoing Moniya-Iseyin Road construction are changing the city’s landscape.
Real estate investors who wish to buy land near Lagos can consider Ibadan because of its affordability.
Also Read:
- What You Should Know About The Lekki International Airport
- How Much Is a Plot of Land in Ibusa?
- 5 Best Places To Invest In Enugu Real Estate
Conclusion
We’ve looked at the five best places to buy land near Lagos: Epe, Badagry, Ofada Owode, Ijebu Ode, and Ibadan. Each of these five emerging locations near Lagos offers something unique. Epe is the home for multiple billion-dollar investments. Badagry has its history and border location. Ofada Owode offers affordable options for real estate investment. Ijebu Ode blends old and new, and Ibadan provides big-city amenities with better prices.
Your choice depends on your needs and budget. Do your research carefully. Talk to people who know the area, visit the places you’re interested in, and ensure all paperwork is in order.
Buying land is a significant decision, but it can be a great investment. Use this guide as your starting point to find your perfect piece of land.
Are you ready to buy land near Lagos? We at Affable Homes Ltd are here to guide you.
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.
