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%
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Scout.ngReal Estate Intelligence
Surulere LGA · 43 active listings · medium confidence

Surulere

Real estate intelligence — verified weekly from active listings

Median Sale₦120.0M
Median Rent/yr₦5.0M
Gross Yield4.2%
Net Yield-14.1%After Lagos Reality Factor
Market Insight

The most listed property class in Surulere is the 3 bedrooms with 16 active listings. Median asking price is ₦142.5M.

Breakdown by Class

Prices by Bedroom Count

32 sale + 10 rental listings

Studio

Median Sale Price

₦40.0M

3 listings

Median Rent / Year

0 listings

No rental data — yield unavailable

1-Bed

Median Sale Price

₦67.5M

4 listings

Median Rent / Year

₦2.3M

2 listings

Gross Yield3.3%

2-Bed

Median Sale Price

₦110.0M

8 listings

Median Rent / Year

₦5.0M

5 listings

Gross Yield4.5%

3-Bed

Most Listed

Median Sale Price

₦142.5M

16 listings

Median Rent / Year

0 listings

No rental data — yield unavailable

4-Bed

Median Sale Price

₦270.0M

1 listing

Median Rent / Year

₦15.0M

1 listing

Gross Yield5.6%

6-Bed

Median Sale Price

0 listings

Median Rent / Year

₦13.0M

2 listings

No sale 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)

₦120.0M

₦15.0M – ₦300.0M

Median Rent (All)

₦5.0M

₦1.5M – ₦15.0M

Gross Yield

4.2%

All classes combined

Net Yield

-14.1%

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₦117.5M₦4.5M3.8%164
other₦150.0M₦5.0M3.3%91
studio₦58.0M50
terrace₦235.0M₦15.0M6.4%21
detached₦13.0M01
mini flat₦3.0M01
self contain₦1.5M01
semi detached₦300.0M₦13.0M4.3%11
True Cost of Ownership

Lagos Reality Factor

Surulere 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%)₦500K
Maintenance Reserve (5%)₦250K
Total Annual Operating Costs₦21.9M

What this means: On a median rent of ₦5.0M/yr, these costs consume 439% of your gross rental income — reducing yield from 4.2% to -14.1%.

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 →