Live Data Feed
Lekki Phase 1: • 552 listings tracked • Median rent ₦11.0M/yr • Yield 4.1%Chevron / Lekki: • 270 listings tracked • Median rent ₦7.0M/yr • Yield 3.9%Ikoyi: • 244 listings tracked • Median rent ₦45.0M/yr • Yield 3.2%Ajah: • 215 listings tracked • Median rent ₦3.5M/yr • Yield 2.5%Ikate: • 165 listings tracked • Median rent ₦13.0M/yr • Yield 6.0%Victoria Island: • 154 listings tracked • Median rent ₦30.0M/yr • Yield 5.5%Banana Island: • 106 listings tracked • Median rent ₦60.0M/yr • Yield 2.9%Sangotedo: • 104 listings tracked • Median rent ₦4.5M/yr • Yield 3.2%Lekki Phase 1: • 552 listings tracked • Median rent ₦11.0M/yr • Yield 4.1%Chevron / Lekki: • 270 listings tracked • Median rent ₦7.0M/yr • Yield 3.9%Ikoyi: • 244 listings tracked • Median rent ₦45.0M/yr • Yield 3.2%Ajah: • 215 listings tracked • Median rent ₦3.5M/yr • Yield 2.5%Ikate: • 165 listings tracked • Median rent ₦13.0M/yr • Yield 6.0%Victoria Island: • 154 listings tracked • Median rent ₦30.0M/yr • Yield 5.5%Banana Island: • 106 listings tracked • Median rent ₦60.0M/yr • Yield 2.9%Sangotedo: • 104 listings tracked • Median rent ₦4.5M/yr • Yield 3.2%
S
Scout.ngReal Estate Intelligence
Mushin LGA · 7 active listings · low confidence

Ilupeju

Real estate intelligence — verified weekly from active listings

Median Sale₦184.9M
Median Rent/yr₦13.3M
Gross Yield7.2%
Net Yield-5.4%After Lagos Reality Factor
Market Insight

The most listed property class in Ilupeju is the 4 bedrooms with 3 active listings. Median asking price is ₦261.5M. Median annual rent is ₦25.0M. That implies a gross yield of 9.6% before operating costs.

Breakdown by Class

Prices by Bedroom Count

5 sale + 1 rental listings

1-Bed

Median Sale Price

₦70.0M

1 listing

Median Rent / Year

—

0 listings

No rental data — yield unavailable

2-Bed

Median Sale Price

₦120.2M

1 listing

Median Rent / Year

—

0 listings

No rental data — yield unavailable

3-Bed

Median Sale Price

₦184.9M

1 listing

Median Rent / Year

—

0 listings

No rental data — yield unavailable

4-Bed

Most Listed

Median Sale Price

₦261.5M

2 listings

Median Rent / Year

₦25.0M

1 listing

Gross Yield9.6%
Aggregate View

Overall Market Summary

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

Median Sale (All)

₦184.9M

₦70.0M – ₦280.0M

Median Rent (All)

₦13.3M

₦1.5M – ₦25.0M

Gross Yield

7.2%

All classes combined

Net Yield

-5.4%

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₦120.2M——10
other₦184.9M₦13.3M7.2%32
terrace₦280.0M——10
True Cost of Ownership

Lagos Reality Factor

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

Diesel / Generator₦20.7M
Estate Service Charge₦500K
Management Fee (10%)₦1.3M
Maintenance Reserve (5%)₦663K
Total Annual Operating Costs₦23.2M

What this means: On a median rent of ₦13.3M/yr, these costs consume 175% of your gross rental income — reducing yield from 7.2% to -5.4%.

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 →