682.7 Sqm Off Freedom Way, Lekki, Lagos

Prime Land For Sale Off Freedom Way, Lekki
682.746 SQM Certificate of Occupancy (C of O) ₦750,000 per SQM Total: ~₦512 Million

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Property Overview

- Location: Off Freedom Way, Lekki, Lagos
- Land Size: 682.746 SQM
- Title: Certificate of Occupancy (C of O)
- Price per SQM: ₦750,000
- Total Asking Price: ₦512,059,500 (682.746 SQM x ₦750,000)
- Status: Vacant, titled land ready for development

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Key Highlights

- Strong C of O Title -- The Certificate of Occupancy is the most secure form of land title in Lagos, providing clear ownership and facilitating easier transactions and financing.
- Competitive Entry Price -- At ₦750k per SQM, this asking price is at the lower end of the current market range for the Freedom Way corridor, presenting a potential value opportunity.
- Freedom Way Corridor Access -- Being situated off this major road offers excellent connectivity to the broader Lekki network while potentially providing a more serene setting than direct frontage.

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️ Development Potential

- Private Luxury Residence or Duplex
- A Cluster of 2-3 Semi-Detached Homes
- Boutique Gated Complex (e.g., 4-6 Unit Apartment Building)
- Corporate Guest House or Office
- Long-Term Land Banking Investment

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Location Benefits & Market Context

- Freedom Way, Ikate: This is a prime and rapidly developing residential/commercial artery in the Lekki region.
- Current Market Rates (2026): Verified listings show land prices along the Freedom Way/Ikate corridor currently range between ₦800,000 to ₦1,500,000 per SQM for titled land.
- Price Analysis: This listing's price of ₦750k/SQM is slightly below the prevailing market minimum, which could be due to its "off" the main road position or a motivated seller. For comparison:
* A nearby 600 SQM plot was listed at ₦500k/SQM (potential distress sale).
* A large 5,000 SQM waterfront parcel on Freedom Way is asking ₦685k/SQM.
- Growth Trajectory: The area continues to benefit from sustained infrastructure development and population growth in Lekki, supporting long-term value appreciation.

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Investment Value

- Total Asking Price: ₦512 Million
- Price per SQM: ₦750,000
- Market Positioning: Priced competitively, offering a relatively accessible entry point into the high-demand Lekki market with a premium title.
- Value Drivers: The C of O title and location in a established growth corridor are key assets. The price allows room for value addition through development.

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Verification & Next Steps

This listing represents a solid opportunity based on its title and price positioning. As with any significant investment, thorough due diligence is critical.

Ideal For:
- Individual home builders
- Mid-scale real estate developers
- Strategic land investors

Essential Actions:

1. Title Verification: Confirm the authenticity of the C of O at the Lagos State Lands Bureau. This is the most crucial step.
2. Site Inspection: Visit to assess the exact location, accessibility from Freedom Way, terrain, and surroundings.
3. Survey Confirmation: Engage a surveyor to verify the exact land size and beacons match the deed.
4. Due Diligence Search: Have your lawyer conduct a full land search to ensure it is free from encumbrances or disputes.

A well-priced, titled plot in the thriving Freedom Way corridor---a compelling proposition for a discerning buyer.