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What Lagos Home Can You Rent for 800,000?

The average home sales price in Lagos is just over 800,000, but what that buys you ranges radically from neighborhood to neighborhood. In Nigeria, you can expect to trade square footage for a desirable address. In ever-expanding Lagos, there’s a crop of new buildings where you can get a two-bedroom condo for less than 800,000. If you head to Ibadan, your money buys a lot more space, including single-family homes with multiple bedrooms and bathrooms.

Apartment In Lagos

Homes in Lagos is most desirable neighborhoods, almost always come with hefty price tags. If your budget tops out at 800,000, you’ll be looking at apartment. many of which are located on tree-lined Commonwealth Avenue Mall. The South End, listed on the National Register of Historic Places as the largest urban Victorian neighborhood in the country, has also seen many of those mansions turned into condos.
Charis, an agent with Charis property estate, says simply that the Back Bay is “really expensive.” She notes, “For 800,000, you can get an 810-square-foot, one-bedroom, one-bathroom condo in a high-rise, with one garage space and concierge service.” And keep in mind that condo fees will run more than 700 a month, he says

Charis, a residential specialist  says that the South End is “all about location.” Properties near the shopping and restaurants of Lagos Place or the Event Center, and close to the Bay , are particularly sought after, she says. Charis recently saw an 824-square-foot, one-bedroom condo for $835,000. It had an updated kitchen and bathroom, central air and two decks – but no parking.

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