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Cost of building a house in Ikorodu, Lagos (2026)

Construction costs for Ikorodu using current material prices (cement ₦12,800/bag, iron rods ₦800,000/tonne) and local labour rates.

5-bedroom duplex + BQ, standard finish
₦102,845,294
280 m² · ₦367,305/m² · includes fence, gate & contingency
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Building costs in Ikorodu by house type

House typeBasicStandardLuxury
3-bedroom bungalow₦39.8M₦51.6M₦85.6M
4-bedroom bungalow + BQ₦61.2M₦74.8M₦120.3M
4-bedroom duplex + BQ₦76.7M₦94.0M₦147.4M
5-bedroom duplex + BQ₦83.5M₦102.8M₦161.5M
6-bedroom duplex + BQ₦90.2M₦111.6M₦175.6M
block of 6 two-bedroom flats₦132.9M₦188.1M₦343.6M

Where the money goes (5-bedroom duplex + BQ)

ElementShareCost
Foundation7.6%₦7,844,335
Structure22.6%₦23,226,179
Finishes25.8%₦26,573,978
Services11.7%₦11,995,480
External Works21.2%₦21,820,434
Prelims & Contingency11.1%₦11,384,888
Total100%₦102,845,294

Property market in Ikorodu

New-build sale price₦270,000 / m²
Gross rental yield5.7%
Typical capital growth14% / year
DemandMedium
Average time to sell7 months
Typical land price₦35,000 / m² (≈ ₦22.7M per plot)
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Frequently asked questions

How much does it cost to build a 5-bedroom duplex in Ikorodu?

About ₦102.8M for a standard-finish 5-bedroom duplex with BQ (280 m²), including fence, gate and contingency.

How much does a 3-bedroom bungalow cost to build in Ikorodu?

About ₦51.6M with standard finishing.

What is the building cost per square metre in Ikorodu?

Around ₦367,305 per m² for a standard 5-bedroom duplex.

What do new houses sell for in Ikorodu?

About ₦270,000 per m², with gross rental yields around 5.7%.

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Read more: cost of building a house in Lagos · 5-bedroom duplex costs across Nigeria

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