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

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

5-bedroom duplex + BQ, standard finish
₦106,535,572
280 m² · ₦380,484/m² · includes fence, gate & contingency
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Building costs in Surulere by house type

House typeBasicStandardLuxury
3-bedroom bungalow₦41.4M₦53.4M₦88.2M
4-bedroom bungalow + BQ₦63.5M₦77.5M₦124.0M
4-bedroom duplex + BQ₦79.7M₦97.3M₦152.0M
5-bedroom duplex + BQ₦86.8M₦106.5M₦166.7M
6-bedroom duplex + BQ₦93.8M₦115.6M₦181.2M
block of 6 two-bedroom flats₦138.1M₦194.4M₦353.6M

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

ElementShareCost
Foundation7.6%₦8,141,744
Structure22.7%₦24,130,753
Finishes25.8%₦27,526,382
Services11.6%₦12,396,000
External Works21.2%₦22,599,761
Prelims & Contingency11.0%₦11,740,932
Total100%₦106,535,572

Property market in Surulere

New-build sale price₦1,175,000 / m²
Gross rental yield5.0%
Typical capital growth10% / year
DemandHigh
Average time to sell6 months
Typical land price₦570,000 / m² (≈ ₦369.4M per plot)
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Frequently asked questions

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

About ₦106.5M 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 Surulere?

About ₦53.4M with standard finishing.

What is the building cost per square metre in Surulere?

Around ₦380,484 per m² for a standard 5-bedroom duplex.

What do new houses sell for in Surulere?

About ₦1,175,000 per m², with gross rental yields around 5.0%.

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

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