Bungalows are easy on the wallet because of their cost of construction. We have looked through adverts in Castles bringing you 15 interesting properties
2 Bedroom Semi Detached Bungalow @ Oke Eletu Housing Estate Ikorodu - N3M
Location: Oke-Eletu is about 10 minutes drive from Ikorodu Town round about.
Physical Description: The bungalow comes with one toilet and a bathroom and a kitchen.
Investment Prospect: A 2 bedroom bungalow in the area currently rents for between N200, 000 and N250, 000.
Facilities: The estate is blessed with appreciable infrastructure like good road, water and electricity from the public mains.
| Property type |
Sales price |
Rental price |
| 2 Bedroom Bungalow |
N2M |
N250,000 |
Contact – Segun Adekunle & Co
Tel no – 01-7401700, 08023285517, 07025889147
8 rooms Bungalow at Oderinde Street Akute - N3.5M
Location: Akute is a suburb town of Ogun state, it can be accessed from Agege road, Iju Ishaga and Ojodu Berger. This particular street is located at the center of Akute.
Physical description: It is a multi tenanted bungalow with just a toilet and a bathroom.
Title: Family receipt
Facilities: The Street leading to Oderinde Street is not tarred but motorable and is off a tarred road, there is electricity and water is gotten through boreholes and wells.
Investment prospect: Last two years this type of property can go for like 1.5M but now it as moved up, so properties appreciate in this area yearly.
| Property type |
Sales price |
Rental price |
| 3 bedroom bungalow |
N3M |
N150,000-N200,000 |
| 2 bedroom bungalow |
N2.5M |
N80,000-N100,000 |
Contact – Barakallau & Co
Tel no – 08076168999, 08076328922, 08061116043
3 Bedroom Bungalow @ Fidiso Estate - N4M
Location: Fidiso Estate is immediately after Abijo GRA and about five minutes drive from Ajah Bus Stop on the Lekki Epe expressway.
Physical Description: This bungalow has two toilets and two bathrooms and a kitchen.
Title: Government Gazette
Investment Prospect: Currently a three bedroom bungalow will rent for between N350, 000 and N400, 000 in the estate. The estate’s nearness to on-ongoing major developments in the Ibeju Lekki axis is also one reason why buying a property in it is a good investment. Fidiso Estate is about ten minutes drive to the Lekki Free Trade Zone.
Facilities: Infrastructures in the estate is good. Potable water is gotten from boreholes and electricity is connected from the public mains. The road network in the estate is good.
| Property type |
Sales Price |
Rental Price |
| 3 Bedroom Bungalow |
N4M |
N350,000- N400, 000 |
| 2 Bedroom Bungalow |
N3.5M |
N250, 000- N300, 000 |
Contact – Highgate Property Management Limited
Tel no – 08023500069, 01-8914345
A Bungalow on ½ plot of land @ Akute - N4M
Location: Akute can be accessed from Ojodu Berger when coming from Ikeja. Akute is immediately after Alagbole and takes about ten minutes drive without traffic from Ikeja.
Physical Description: The bungalow is a two bedroom bungalow, with two toilets and a bathroom.
Title: C of O
Investment Prospect: Akute is a fast developing area with good infrastructures. Currently, a 3bedroom bungalow in this area will rent for between N200, 000 and N250, 000.
| Property type |
Sales price |
Rental price |
| 3 Bedroom Bungalow |
N4M |
N150,000-N200, 000 |
| 2 Bedroom Bungalow |
N3.5M |
N100,000-N120,000 |
Contact – Royal Heritage Property & Investment Ltd
Tel no -08061504464, 08035095770, 08062106504
2 Bedroom Bungalow on a plot of land @ Abijo - N4.5M
Location: Abijo is located along the Lekki Epe expressway and is immediately after Fara Park estate. It is about 5minutes drive from Ajah Bus Stop and about 7minutes drive from VGC.
Physical Description: The bungalow has one large sitting room and two toilets with two bathrooms.
Title: Deed of Assignment.
Investment Prospect: Currently, a 2bedroom bungalow in this area rents for between N300, 000 and N350, 000. Abijo is a very good location for property investors because it is surrounded by a number of well built estates and development in the area is currently at a fast pace.
Facilities: Infrastructure in the area is average there is electricity, motorable roads and good security.
| Property type |
Sales price |
Rental price |
| 3 bedroom bungalow |
N3.5M |
N350,000- N400, 000 |
| 2 bedroom bungalow |
N3M |
N250, 000- N300,000 |
Contact – Myday Properties
Tel no – 07035807277, 07041426414
2 nos 3 Bedroom Bungalow @ 2nd gate Federal Government College, Ijanikin - N4.5M
Location: This bungalow is along the Lagos Badagry expressway and is about ten minutes drive without traffic from the Alaba International market. It is close to the Federal Government College Ijanikin.
Physical Description: The bungalow has three rooms, two toilets, and one bathroom.
Investment Prospect: Currently, a 3 bedroom bungalow rents for between N100, 000 and N120, 000 per annum in the area. The expansion of the Lagos Badagry expressway is also expected to have a good effect on the property.
Facilities: Infrastructure in the area is good and the area is well developed.
| Property type |
Sales price |
Rent price |
| 3 bedroom bungalow |
N4.5M |
N100,000 – N120,000 |
| 2 bedroom bungalow |
N5M |
N150,000 – N180,000 |
Contact – Ejirawo Investment & Property Company Ltd
Tel no – 01-8903227, 08035600647, 07025020010
Bungalow Building @ Oworo Bariga - N5.5
Location: This property is on Iyana Iworo in new Garage. Iyana Iworo from Ikeja will take about five minutes drive without traffic through the third-mainland bridge.
Physical Description: The bungalow has one toilet and two bathrooms with a mini flats and six rooms.
Title: Deed of Assignment.
Investment Prospect: A two bedroom bungalow in the area currently rents for between N150, 000 and N200,000 in the area.
Facilities: Infrastructures in the area is good. Water and electricity are from the public mains.
| Property type |
Sales price |
Rental price |
| 3 bedroom bungalow |
N5.5M |
N200,000 |
| 2 bedroom bungalow |
N4M |
N150,000 |
Contact – Shaggylex Property Company
Tel no – 07028099626, 08023625315
A Bungalow of 4 Bedroom flat on a full plot of land @ Ayetoro, Aguda - N6M
Location: This bungalow is off Adetola in Aguda Surulere.
Physical description: It has two toilets and two bathrooms
Title: Registered Conveyance
Facilities: Well tarred roads, water, electricity and tight security.
Investment prospect: Aguda Surulere is a very popular area in Surulere, rental returns there is definitely high so for investors it is a very good investment.
| Property type |
Sales price |
Rental price |
| 4 bedroom bungalow |
N6M-N10M |
N800,000 |
| 3 bedroom bungalow |
N5M |
N600,000 |
Contact – Dudu investment property Ltd
Tel no – 08023943783
3 Bedroom Bungalow @ Abesan scheme 1, Federal government Estate, Ijaiye, Ojokoro – N6M
Location: Abesan scheme 1 is opposite LSDPC low income housing Estate Ojokoro on the Lagos Abeokuta expressway. It is about 30 minutes drive from Ikeja and about 15 minutes drive from Iyana Ipaja.
Physical description: This bungalow has two toilets and two bathrooms with three rooms.
Title: Letter of allocation.
Facilities: The area has a good road network, with water and power supply.
Investment prospect: It is a well developed area with good rental returns.
| Property type |
Sales price |
Rental price |
| 3 bedroom bungalow |
N6M |
N250,000 |
| 2 bedroom bungalow |
N5M |
N200,000 |
Contact:Idowu Adara
Tel no – 01-4361539, 08023011185, 08098931952
2 Bedroom Bungalow @ Shina Paters Iju - N6million
Location: Iju can be accessed from Ogba in Ikeja and Pen Cinema in Agege. Iju is about ten minutes drive from Ikeja and about seven minutes drive from Agege.
Physical Description: Apart from the two rooms in the bungalow, the property also consists of six-room bq and four shops.
Title: Survey Receipt.
Facilities: Infrastructure in the area is of average level. Electricity and water are from the public mains. The road leading to the area is in good condition.
Investment Prospect:
Investment Prospect: The area is a well developed area and attracts a lot of rental demand. Currently, a 2 bedroom bungalow will let out for N200, 000 to N250, 000 and a 3 bedroom flat will let out for like N300, 000.
Contact – Xceedzone resources Ltd
Tel No – 08028761350, 08038100294, 07038675801
Bungalow @ Nigerian Army Housing Scheme, Abule Egba - N6M
Location: Abule Egba is after Oja-Oba on the Lagos Abeokuta expressway. Abule Egba to Ikeja will take about ten minutes drive without traffic.
Physical Description: The bungalow is a semi-detached bungalow with three bedrooms, two toilets and two bathrooms.
Title: Letter of Allocation
Investment Prospect: Abule Egba is a very busy area and has the popular second-hand textile market (Katangowa) close to it and currently a three bedroom in the area rent for between N250, 000 and N300, 000.
Facilities: The infrastructure in the area is average with water, electricity and good roads.
| Property type |
Sales price |
Rental price |
| 3 bedroom bungalow |
N6M |
N300,000 |
| 2 bedroom bungalow |
N5M |
N250,000 |
Contact -Tokun Associates
Tel no – 08033302557, 07082440008, 08087791632
Bungalow on a full plot @ Olamide Street - N8M
Location: This bungalow is between the Local Airport and the International Airport and is behind the Air force base in Oshodi. It is a tenement building that requires redevelopment.
Physical Description: The bungalow has one bathroom, toilet and kitchen.
Investment Prospect: Currently, a 3bedroom bungalow in the area rents out for between N800, 000 and N850, 000 per annum in the area. The bungalow is also located close to the Airport and has potentials for good returns when it redeveloped.
Title: Registered Conveyance.
Contact: Omowa Adeyinka & Co
Tel: 08033241792, 08059546262
8 room Bungalow @ Dopemu - N8M
Location: Pako Bus stop is on the Lagos Abeokuta expressway. It can be accessed directly from Ikeja. Ikeja to Pako Bus Stop in Dopemu takes about ten minutes drive.
Physical Description: The bungalow has two toilets, bathrooms and kitchens. It is tenement bungalow.
Title: Receipt of Purchase
Investment Prospect: A three bedroom bungalow rents currently for between N400, 000 and N500, 000 in the area.
Facilities: Roads leading to the area is well tarred and potable water and power supply are from the public mains.
| Property type |
Sales price |
Rental price |
| 3 Bedroom Bungalow |
N7M |
N400,000-N450,000 |
| 2 Bedroom Bungalow |
N6M |
N300,000-N350,000 |
Contact – Tunde Ayoade & Associates
Tel no – 08072203116, 08039445303, 07090018204
3 Bedroom Bungalow with a very large parking space at Oke Oriya Ikorodu - N9M
Location: Oke Oriya is off Lagos road Ikorodu and is immediately after Agric, before the Ikorodu round about.
Physical description: The bungalow has two toilets, two bathrooms and three spacious rooms, the master bedroom is ensuite.
Title: C of O
Facilities: The road leading to this area is well tarred while electricity is gotten from the public mains.
Investment prospect: Ikorodu is fast developing and will attract a lot of rental returns in future.
| Property type |
Sales price |
Rental value |
| 3 Bedroom Bungalow |
N9M |
N300,000 |
| 2 Bedroom Bungalow |
N8M |
N250,000 |
Contact – Integrated estate services
Tel no – 01-4355260, 08033377841,08062658267
3 Bedroom LSDPC Bungalow + 2 room BQ at Isolo – N10M
Location: this estate is located at Oke Afa which is immediately after Isolo and Isolo can be accessed from Ikotun and Egbeda.
Physical description: the bungalow as 2 toilets and 2 bathrooms
Title: Letter of allocation
Facilities: Potable water is gotten from boreholes, while electricity is from the public mains.
Investment prospect: The rental returns here will increase very soon because when Ikotun and Egbeda gets too congested, Oke Afa becomes a choice area.
| Property type |
Sales price |
Rental price |
| 3 Bedroom Bungalow |
N10M |
N250,000-N300,000 |
| 2 Bedroom Bungalow |
N8M |
N180,000-N200,000 |
Contact – Solad properties
Tel no – 01-8185772, 07040737039, 08025627964.
Tenement Bungalow @ Adeniji Adele - N10M
Location: Adeniji Adele is immediately after Sura Shopping Complex in Lagos Island and can be accessed directly from the third mainland bridge when coming from Yaba area on the mainland.
Physical Description: The bungalow has three toilets and two bathrooms and a kitchen.
Title: Certificate of Occupancy
Investment Prospect: A 2 bedroom bungalow in the area will let out for between N250, 000 and N300, 000. The location of the property also makes a good investment. Lagos Island is one of the densely populated parts of Lagos and the prospects of a property for good rental income are enormous.
Facilities: Adeniji Adele is a fully developed part of Lagos Island. Roads in the area are well tarred. Water and electricity supply are majorly from the public mains.
| Property type |
Sales price |
Rental price |
| 3 bedroom bungalow |
N8M |
N350,000 |
| 2 bedroom bungalow |
N6M |
N300,000 |
Contact – Xceedzone resources Ltd
Tel no – 08028761350, 08038100294, 07038675801