Victoria Island
Lagos property intelligence · data as of 8 June 2026
The most listed property class in Victoria Island is the 3 bedrooms with 64 active listings. Median asking price is ₦650.0M. Median annual rent is ₦30.0M. That implies a gross yield of 4.6% before operating costs.
Price Movement Over Time
Monthly median asking prices from 48 dated listings over 4 months
Prices by Bedroom Count
92 sale + 100 rental listings
1-Bed
Median Sale Price
₦277.2M
13 listings
Median Rent / Year
₦6.8M
12 listings
2-Bed
Median Sale Price
₦450.0M
26 listings
Median Rent / Year
₦23.0M
13 listings
3-Bed
Most ListedMedian Sale Price
₦650.0M
33 listings
Median Rent / Year
₦30.0M
31 listings
4-Bed
Median Sale Price
₦850.0M
19 listings
Median Rent / Year
₦40.0M
27 listings
5-Bed
Median Sale Price
₦900.0M
1 listing
Median Rent / Year
₦70.0M
11 listings
6-Bed
Median Sale Price
—
0 listings
Median Rent / Year
₦100.0M
1 listing
7-Bed
Median Sale Price
—
0 listings
Median Rent / Year
₦70.0M
3 listings
9-Bed
Median Sale Price
—
0 listings
Median Rent / Year
₦80.0M
1 listing
10-Bed
Median Sale Price
—
0 listings
Median Rent / Year
₦100.0M
1 listing
Overall Market Summary
Aggregated across all property classes. The bedroom breakdown above is more useful for actual decision-making.
Median Sale (All)
₦600.0M
₦2.6M – ₦1.2B
Median Rent (All)
₦30.3M
₦100K – ₦100.0M
Gross Yield
5.0%
All classes combined
Net Yield
0.2%
After Lagos Reality Factor
Prices by Property Type
Flats, duplexes, detached houses, and other property types compared.
| Type | Median Sale | Median Rent/yr | Gross Yield | Sale | Rent |
|---|---|---|---|---|---|
| flat | ₦550.0M | ₦30.0M | 5.5% | 52 | 47 |
| other | ₦550.0M | ₦30.3M | 5.5% | 21 | 26 |
| duplex | ₦480.5M | ₦70.0M | 14.6% | 2 | 3 |
| studio | ₦220.0M | — | — | 1 | 0 |
| terrace | ₦850.0M | ₦30.0M | 3.5% | 9 | 7 |
| detached | — | ₦72.5M | — | 0 | 10 |
| mini flat | ₦340.1M | ₦6.3M | 1.8% | 1 | 4 |
| penthouse | ₦715.0M | ₦23.0M | 3.2% | 5 | 5 |
| self contain | — | ₦3.5M | — | 0 | 1 |
| semi detached | ₦825.0M | ₦55.0M | 6.7% | 2 | 5 |
Lagos Reality Factor
Victoria Island falls in the premium tier. These are the annual costs every landlord pays but no listing ever shows.
What this means: On a median rent of ₦30.3M/yr, these costs consume 45% of your gross rental income — reducing yield from 5.0% to 0.2%.
Victoria Island Property FAQ
What is the average rent in Victoria Island?
The median annual asking rent in Victoria Island, Lagos is ₦30.3M, per Scout data as of 8 June 2026 (based on 108 rental listings).
What is the average property price in Victoria Island?
The median asking sale price in Victoria Island, Lagos is ₦600.0M, as of 8 June 2026 (based on 93 for-sale listings).
What is the rental yield in Victoria Island?
Victoria Island has an implied gross rental yield of 5.0%, or about 0.2% net after Lagos operating costs (diesel, service charge, management).
How many listings is the Victoria Island data based on?
These figures are derived from 201 active public property listings in Victoria Island, with outliers and duplicates removed (high confidence).