Magodo Phase 2
The premium estate — lower density, larger plots, newer houses, and stronger corporate tenant demand. Consistently one of the highest-value mainland residential addresses. Detached houses from ₦80m for sale.
Magodo is one of the most prestigious planned residential estates on the Lagos mainland — Phase 1 is the established community; Phase 2 is the premium address attracting corporate tenants, senior managers, and expatriate households. With Third Mainland Bridge access to Lagos Island and a well-established commercial corridor on CMD Road, Magodo delivers mainland estate living at its best. Browse verified listings in Magodo on Cabans.
Houses and apartments available to buy in Magodo Phase 1 & 2.
Browse for Sale →Annual and monthly rental listings across Magodo.
Browse Rentals →Furnished residences available for short stays in Magodo.
Browse Short Lets →Residential plots available in the Magodo corridor.
Browse Land →Magodo is a planned government estate in the Kosofe/Ojodu axis of the Lagos mainland. The estate has its own internal road network, estate security, and a strong residents' association that maintains quality standards.
For buyers, Phase 2 detached houses are available from ₦80m–₦200m+. Phase 1 terraces and semi-detached houses from ₦40m–₦80m. Rental yields are strong given consistent corporate demand. Phase 2 typically commands 40–80% rent premium over Phase 1 for equivalent house sizes.
The premium estate — lower density, larger plots, newer houses, and stronger corporate tenant demand. Consistently one of the highest-value mainland residential addresses. Detached houses from ₦80m for sale.
The original estate. More affordable entry point than Phase 2 with similar estate infrastructure. Wider housing mix including older bungalows and newer flat developments.
The commercial and service corridor serving both Magodo phases. Banks, supermarkets, restaurants, and professional services line CMD Road, providing day-to-day amenity without long drives.
Neighbouring area to the north. More affordable than Magodo with good expressway and BRT access. A step-down alternative for buyers who want the same northern-mainland catchment at lower prices.
Magodo Phase 2 is the premium residential address. 3-bedroom houses rent for ₦2,000,000–₦4,500,000 per annum; 4-bedroom houses ₦3,500,000–₦7,000,000. Magodo Phase 1 is more affordable: 3-bedrooms run ₦1,200,000–₦2,500,000 per annum.
Magodo Phase 1 is the original estate, more established with older housing stock, wider community mix, and more affordable pricing. Phase 2 is the premium extension — larger plots, newer houses, lower density, and a stronger corporate and professional tenant profile. Phase 2 commands a significant rent premium over Phase 1.
Magodo is on the Lagos mainland, in the Kosofe/Ojodu axis. It has no geographic connection to the Lagos Island/Peninsula.
Magodo to Lagos Island via the Third Mainland Bridge takes 45–90 minutes depending on time of day. The journey from Magodo Phase 2 through CMD Road, Berger, or Ikorodu Road to the bridge approach is the main variable. Off-peak this is a manageable commute; peak-hour Ikorodu Road congestion is the main constraint.
Magodo — particularly Phase 2 — is one of the most stable and liquid property markets on the Lagos mainland. It attracts corporate tenants, senior managers, and expatriates. Title documentation is generally clean (government estate origin). Capital appreciation is steady. Phase 2 detached houses sell from ₦80m–₦200m+.
Magodo has good local amenity provision — supermarkets, banks, pharmacies, schools, and restaurants are accessible within the estate and on CMD Road. The Magodo-Isheri axis has a growing commercial strip. The area benefits from the Ojota BRT terminus being within reasonable proximity for onward Island transport.
Browse verified listings in Magodo Phase 1 and Phase 2 — sale, rental, and short let.