Live Data Feed
Lekki Phase 1: • 669 listings tracked • Median rent ₦12.0M/yr • Yield 4.3%Chevron / Lekki: • 359 listings tracked • Median rent ₦7.0M/yr • Yield 3.9%Ikoyi: • 318 listings tracked • Median rent ₦40.0M/yr • Yield 2.7%Ajah: • 297 listings tracked • Median rent ₦3.6M/yr • Yield 2.6%Ikate: • 223 listings tracked • Median rent ₦12.8M/yr • Yield 5.8%Victoria Island: • 201 listings tracked • Median rent ₦30.3M/yr • Yield 5.0%Sangotedo: • 146 listings tracked • Median rent ₦4.5M/yr • Yield 3.8%Banana Island: • 143 listings tracked • Median rent ₦50.0M/yr • Yield 2.2%Lekki Phase 1: • 669 listings tracked • Median rent ₦12.0M/yr • Yield 4.3%Chevron / Lekki: • 359 listings tracked • Median rent ₦7.0M/yr • Yield 3.9%Ikoyi: • 318 listings tracked • Median rent ₦40.0M/yr • Yield 2.7%Ajah: • 297 listings tracked • Median rent ₦3.6M/yr • Yield 2.6%Ikate: • 223 listings tracked • Median rent ₦12.8M/yr • Yield 5.8%Victoria Island: • 201 listings tracked • Median rent ₦30.3M/yr • Yield 5.0%Sangotedo: • 146 listings tracked • Median rent ₦4.5M/yr • Yield 3.8%Banana Island: • 143 listings tracked • Median rent ₦50.0M/yr • Yield 2.2%
Scout
Scout.ngReal Estate Intelligence
Kosofe LGA · 43 active listings · medium confidence

Gbagada

Lagos property intelligence · data as of 8 June 2026

Check a Property →
Median Sale₦220.0M
Median Rent/yr₦4.5M
Gross Yield2.0%
Net Yield-7.9%After Lagos Reality Factor
Market Insight

The most listed property class in Gbagada is the 4 bedrooms with 17 active listings. Median asking price is ₦300.0M. Median annual rent is ₦15.0M. That implies a gross yield of 5.0% before operating costs.

Breakdown by Class

Prices by Bedroom Count

27 sale + 16 rental listings

1-Bed

Median Sale Price

0 listings

Median Rent / Year

₦3.0M

6 listings

No sale data — yield unavailable

2-Bed

Median Sale Price

₦80.0M

2 listings

Median Rent / Year

₦4.0M

3 listings

Gross Yield5.0%

3-Bed

Median Sale Price

₦185.0M

12 listings

Median Rent / Year

₦7.0M

1 listing

Gross Yield3.8%

4-Bed

Most Listed

Median Sale Price

₦300.0M

12 listings

Median Rent / Year

₦15.0M

5 listings

Gross Yield5.0%

5-Bed

Median Sale Price

0 listings

Median Rent / Year

₦18.0M

1 listing

No sale data — yield unavailable

13-Bed

Median Sale Price

₦450.0M

1 listing

Median Rent / Year

0 listings

No rental data — yield unavailable
Aggregate View

Overall Market Summary

Aggregated across all property classes. The bedroom breakdown above is more useful for actual decision-making.

Median Sale (All)

₦220.0M

₦80.0M – ₦450.0M

Median Rent (All)

₦4.5M

₦2.2M – ₦18.0M

Gross Yield

2.0%

All classes combined

Net Yield

-7.9%

After Lagos Reality Factor

By Property Type

Prices by Property Type

Flats, duplexes, detached houses, and other property types compared.

TypeMedian SaleMedian Rent/yrGross YieldSaleRent
flat₦160.0M₦4.0M2.5%95
other₦190.0M₦3.0M1.6%21
duplex₦267.5M40
terrace₦210.0M30
detached₦352.5M₦18.0M5.1%21
mini flat₦2.9M04
semi detached₦350.0M₦15.0M4.3%75
True Cost of Ownership

Lagos Reality Factor

Gbagada falls in the affordable tier. These are the annual costs every landlord pays but no listing ever shows.

Diesel / Generator₦9.9M
Estate Service Charge₦500K
Management Fee (10%)₦450K
Maintenance Reserve (5%)₦225K
Total Annual Operating Costs₦11.0M

What this means: On a median rent of ₦4.5M/yr, these costs consume 245% of your gross rental income — reducing yield from 2.0% to -7.9%.

Common Questions

Gbagada Property FAQ

What is the average rent in Gbagada?

The median annual asking rent in Gbagada, Lagos is ₦4.5M, per Scout data as of 8 June 2026 (based on 16 rental listings).

What is the average property price in Gbagada?

The median asking sale price in Gbagada, Lagos is ₦220.0M, as of 8 June 2026 (based on 27 for-sale listings).

What is the rental yield in Gbagada?

Gbagada has an implied gross rental yield of 2.0%, or about -7.9% net after Lagos operating costs (diesel, service charge, management).

How many listings is the Gbagada data based on?

These figures are derived from 43 active public property listings in Gbagada, with outliers and duplicates removed (medium confidence).

How to read this data: All prices are medians of current asking prices, broken down by bedroom count and property type so you compare like-for-like. Yields are implied from median asking prices and rents. Read our full methodology →