Serviced Property For Sale in Magodo, Kosofe Ikosi

Magodo is an affluent town on the Lagos Mainland located in Ikeja Local Government Area and is bordered by Ojodu Berger and Ketu. Magodo is divided into two phases called Magodo Isheri and Magodo Shangisha otherwise known as Magodo Phase 1 and 2 respectively.

Magodo is a relatively secure and serene area with well-tarred roads making it a highly sought after residential location for middle-class and upper-middle-class folks desiring a comfortable and exquisite home on the Lagos Mainland. As such, the prices of house rent in Magodo command premium value making it a lucrative investment for a real estate investors wanting to buy and then let out.

Houses for sale in Magodo has prices which vary according to structure, location and quality of building materials used. Five (5) bedroom fully detached house for sale in Magodo can be as low as N60,000,000 and as high as N120,000,000 depending on the quality of interior finishing of the house. A three (3) bedroom bungalow in Magodo Phase 1 costs about N18,000,000 to acquire. Buying a five (5) bedroom duplex in Shangisha is priced between N120,000,000 to N450,000,000.