A Market Guide by Ramos Real Estate
In 2025, ₦100 million is a substantial investment in Lagos Island’s real estate market. However, property values vary significantly across different neighborhoods. This guide provides an overview of what you can expect in various areas.
📍Ikoyi
₦100M is insufficient for most properties.
Even 2-bedroom apartments start from ₦250M.
Ikoyi is synonymous with luxury and exclusivity. With a budget of ₦100 million, options are limited, often restricted to smaller apartments or older properties requiring renovation.
📍 Victoria Island (VI)
₦150M may afford a 1-bedroom apartment.
2-bedroom apartments start from ₦250M
Victoria Island is a bustling commercial district with high property values. A ₦100 million budget may afford a modest apartment or a property in need of significant updates.
📍Lekki Phase 1
₦250M to ₦300M can secure a 3-bedroom terraced duplex or an apartment.
4-bedroom detached homes average 650M.
Lekki Phase 1 is a sought-after residential area. With₦100 million, options are limited to smaller units or properties requiring renovation.
📍 Chevron Drive
₦180M can acquire a 4 bedroom semi-detached duplex.
4-bedroom detached homes average ₦250M.
Chevron Drive is gaining popularity among buyers. A₦100 million budget may secure a smaller apartment or a property needing updates.
📍 Ikota
4-bedroom homes average ₦120M.
Ikota offers more affordable housing options. With ₦100million and above, you can find a modest 4-bedroom house, possibly requiring some renovations.
📍 Ajah
₦100M can secure a 4-bedroom terraced duplex.
Ajah is experiencing rapid urbanization, making it attractive for middle-income buyers. With ₦100 million, you can secure a comfortable 3-bedroom apartment or a modest 4-bedroom house.
📍 Sangotedo
₦85M can acquire a 4-bedroom terraced duplex.
Sangotedo provides budget-friendly options. A ₦100 million budget can secure a decent4-bedroom house, though choices may be limited.
📍 Victoria Garden City(VGC)
₦100M may afford a 3-bedroom apartment.
4-bedroom homes average ₦135M.
Victoria Garden City is known for its secure environment. With ₦100 million, options may include smaller units or properties needing updates.
💡 Conclusion
While ₦100 million is a significant amount, property prices on Lagos Island vary widely. It’s essential to consider factors like location, property condition, and potential renovation costs. Consulting with real estate professionals can help you make informed decisions.
