Cost of building a 4-bedroom bungalow + BQ in Victoria Island (2026)
Estimated for Victoria Island, Lagos (152 m² floor area) using current material prices and local labour rates.
Standard finish
₦86,435,318
Basic ₦71.3M · Luxury ₦137.4M · ₦568,653/m² · without BQ ₦67.6M
Customise this estimate →Cost breakdown
| Element | Share | Cost |
|---|---|---|
| Foundation | 10.3% | ₦8,935,137 |
| Structure | 15.6% | ₦13,504,620 |
| Finishes | 21.8% | ₦18,848,815 |
| Services | 11.6% | ₦10,037,952 |
| External Works | 29.1% | ₦25,145,928 |
| Prelims & Contingency | 11.5% | ₦9,962,866 |
| Total | 100% | ₦86,435,318 |
Materials you'll need
| Material | Approx. quantity | Cost at today's prices |
|---|---|---|
| Cement (50kg bags) | 647 bags | ₦8,279,040 |
| Sandcrete blocks (6" & 9") | 6,336 blocks | ₦5,702,022 |
| Iron rods | 2.0 tonnes | ₦1,592,000 |
| Sharp sand | 114 tonnes | ₦1,476,670 |
| Granite | 85 tonnes | ₦1,701,000 |
Construction timeline (6 months)
| Phase | Months | Cost |
|---|---|---|
| Site preparation | 1–1 | ₦1.6M |
| Foundation | 1–2 | ₦8.9M |
| Structure | 2–3 | ₦7.7M |
| Roofing | 3–4 | ₦5.8M |
| Services 1st fix | 4–4 | ₦4.5M |
| Plastering & screeding | 4–5 | ₦3.8M |
| Interior finishes | 5–6 | ₦15.1M |
| Services 2nd fix | 6–6 | ₦5.5M |
| External works | 5–6 | ₦25.1M |
| Snagging & handover | 6–6 | ₦8.4M |
How much will your 4-bedroom bungalow in Victoria Island cost? Find out in 30 seconds
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Get my free estimate →Compare with nearby areas
Lekki₦82.5M standardIkoyi₦86.3M standardAjah₦80.0M standardIbeju-Lekki₦78.6M standardEpe₦76.6M standardIkeja₦79.4M standard
Frequently asked questions
How much does it cost to build a 4-bedroom bungalow + BQ in Victoria Island?
About ₦86.4M with standard finishing, ₦71.3M basic and ₦137.4M luxury (2026 prices).
How long does it take to build a 4-bedroom bungalow?
About 6 months with steady funding.
How many bags of cement does a 4-bedroom bungalow need?
Roughly 647 bags of 50kg cement.
Read more: 4-bedroom bungalow costs across Nigeria · 12 ways to reduce building cost
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