Lagos is one of the few cities in Nigeria that boasts of a vibrant real estate market where the average price of housing units for middle income earners is between 25million and 35million Naira and going by the current estimated population of about 17.5million and an housing deficit of about 2.5million, it is no gain saying that Lagos remains the real estate investment hub of choice for smart investors.
Magodo is a town in Lagos; an affluent neigbhourhood located in kosofe Local Government area and regarded as one of the most decent environs in Lagos.
10 Reasons to Invest in Magodo
- Accessibility
Magodo is less than 3 minutes to the Lagos-Ibadan expressway, 5 minutes to the Ikeja City Mall, 15 Minutes to the Domestic Airport and some 20mins to the International Airport. Magodo is in close proximity to the 3rd Mainland Bridge and that makes it easy for residents that work on the island.
- Security
Magodo enjoys one of the best residential security details in Lagos State. With good presence of security personnel and police posts, it makes it rather hard to have the area infiltrated by criminals.
- Topography and Drainage
A firm, tough and dry soil that absorbs water and make the environment absolutely immune to flooding. Magodo has a very good network of well paved roads and a good drainage system. Most of the street roads are steep.
- Steady Electricity
Electricity supply is now top notch with at least 22 hours power supply from IKEDC based on the agreement recently signed by the Magodo Estate Residents’ Association and the electricity distribution company, the estates now enjoy light, uninterrupted more than most communities within the state.
- Good Schools
There are many high quality schools within Magodo GRA. A few of them include:
Lolad Schools, Laurel Edge Preparatory School, Straight Gate Nursery and Primary School, Caleb International College.
- Health facilities
Residents of the Magodo also enjoy unrestricted access to high-quality medical facilities such as: Magodo Specialist Hospital, Vision Capital Eye Hospital, Sky High Medical Center.
- Social and Commercial Amenities
Many social and commercial facilities are located in Magodo such as hotels, gyms, supermarkets and even the local market.
- Business Friendly
Most residents of Magodo are elites and persons of high net worth. A good business idea that targets such personalities will strive with ease in Magodo.
- High Return on Investment
With asset appreciation set a little above 50% per annum in some other parts of Lagos State, the value of properties in high-brow area like Magodo enjoy well over 75% asset appreciation per annum. As at 2011, a plot of land in Magodo Isheri was selling between 9 – 10million naira. By 2015, the prices went up to 30- 40million naira per plot. Today, you may not be able to get a plot within Magodo for any less than 45 – 50million naira.
- The PLUSH:
The most affordable real estate investment opportunity in Magodo GRA
The Plush combines all the important reasons to invest in Magodo and more. The plush is the epitome of luxury, the true definition of quality living where the very best of modern amenities are provided in a safe and serene environment.
