Magodo, Lagos: Local Government, Real Estate & Property Prices | Apartments.ng

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Magodo, Lagos: Local Government, Real Estate & Property Prices | Apartments.ng
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Magodo is one of the most prestigious residential areas in Lagos, known for its well-planned estates, modern infrastructure, and high-security environment. Located close to Ikeja and Ojodu Berger, it is a prime destination for families, professionals, and real estate investors.

If you're wondering which local government Magodo falls under, this guide provides a detailed breakdown of its governance structure, property trends, and how to find real estate opportunities in Magodo using Apartments.ng.


Magodo’s Local Government Jurisdiction

Magodo is divided into two major phases, each governed by different Local Government Areas (LGAs):

1. Magodo Phase 1

  • Falls under Kosofe Local Government Area (LGA)
  • Administered by Ikosi-Isheri Local Council Development Area (LCDA)
  • Key Features: Older residential developments, commercial hubs, and proximity to Mile 12 Market
  • Nearby Areas: Ojota, Ketu, Mile 12, Ikosi

2. Magodo Phase 2 (Shangisha)

  • Falls under Ikeja Local Government Area (LGA)
  • Administered by Ojodu Local Council Development Area (LCDA)
  • Key Features: Gated estates, luxury homes, and corporate business spaces
  • Nearby Areas: Ojodu Berger, Ikeja, Alausa, Omole Phase 1

Why Live or Invest in Magodo?

Strategic LocationClose to Ikeja, Ojodu Berger, and Alausa (Lagos State Secretariat), providing easy access to major business districts.

Gated & Secure Estates – Most properties in Magodo are within gated communities with 24/7 security and controlled access.

Premium Infrastructure & Amenities – Features well-paved roads, reliable electricity, green spaces, and recreational facilities.

Luxury Homes & High Property Value – Magodo has high appreciation rates, making it a profitable investment area.

Serene Environment – Unlike other high-density areas in Lagos, Magodo offers a quiet, well-planned neighborhood with an elite community.


Real Estate in Magodo: Property Types & Prices

1. Residential Properties

  • 4-Bedroom Terrace Duplex → ₦120M - ₦250M
  • 5-Bedroom Fully Detached Duplex → ₦200M - ₦600M
  • Luxury Apartments (Serviced Flats) → ₦80M - ₦150M

2. Commercial Properties

  • Office Spaces (Per Sqm) → ₦50K - ₦150K per year
  • Retail Spaces & Shops → ₦5M - ₦50M for purchase

3. Land for Sale

  • Per Plot (600sqm - 1000sqm) → ₦150M - ₦800M
  • Gated Estate Land (Developed Plots) → ₦250M - ₦1.2B

Best Estates in Magodo

1. Magodo GRA Phase 1

  • One of the earliest Government Reserved Areas (GRA) in Lagos
  • Affordable compared to Magodo Phase 2
  • Close to Ketu, Ojota, and Mile 12 Markets

2. Magodo Brooks Estate (Phase 2, Shangisha)

  • High-end gated community with luxury houses
  • 24/7 security, landscaped gardens, and recreational facilities
  • Home to top professionals and business executives

3. Magodo Isheri Estate

  • A well-planned estate with excellent road networks
  • Good investment option due to increasing property demand

What to Consider Before Buying or Renting in Magodo

Verify Property Titles – Ensure the property has a valid Certificate of Occupancy (C of O) or Governor’s Consent.

Consider Estate Service Fees – Some estates charge maintenance fees for security, power supply, and communal services.

Check Proximity to Work & Schools – Magodo is ideal for those working in Ikeja, Ojodu Berger, or Victoria Island.

Engage a Trusted Real Estate Agent – Use verified platforms like Apartments.ng to avoid fraudulent transactions.

Inspect the Property Before Purchase – Check road access, security, and amenities before committing.


How to Find Properties in Magodo with Apartments.ng

Browse Verified Listings on Apartments.ngAvoid scams by using a trusted property marketplace.

Compare Prices & Locations – Choose a property based on budget, features, and estate security.

Schedule an Inspection – Visit the property to confirm its condition and verify ownership.

Negotiate & Secure Payment Plans – Discuss upfront costs, installment options, and mortgage availability.

Obtain Proper Legal Documentation – Ensure all contracts, land titles, and receipts are verified.


Find Houses for Sale & Rent in Magodo with Apartments.ng

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