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MainlandMidLGA: Kosofe👥 60,000

Rent for Magodo Phase 2

2-bed rent for one year
₦2.5M–5.0M
/yr
Rental yield
5.5–7%
YoY change
▲ 12%

Rent by property type

Property typeRent range
2-bed₦2.5M–5.0M

Area profile

Power bandB
Service charge / yr—
Location6.6300, 3.3800
InternetGood
TrafficModerate
Flood riskLow
Noise levelQuiet

Estimated monthly costs

Rent (per month)
₦312,500
Light (NEPA + supplement)
₦153,325
Total per month
₦465,825
Lagos.Cool Editorial
4 June 2026 · 2 min read

About Magodo Phase 2

Magodo Phase 2 na mainland premium residential option — wide GRA road, detached house with garden, and suburban feel wey rare for Lagos. For ₦2.5M–₦5M, e give mainland pricing with near-Island quality of life.

✓ Pros

  • ✓Spacious houses with gardens — rare in Lagos
  • ✓GRA infrastructure — wide roads, security
  • ✓Band B power — better than most mainland
  • ✓Family-friendly and quiet

✗ Cons

  • ✗Far from Island — heavy traffic via Ikorodu Road
  • ✗Limited nightlife and entertainment
  • ✗Fewer commercial amenities than Ikeja

Good for

Upper-middle-class familiesProfessionals wanting mainland space

Nearby neighborhood

Ikeja GRA
Mainland · Mid
₦3.5M–6.0M
+15% YoY
Maryland
Mainland · Mid
₦2.0M–3.5M
+12% YoY

Schools near here

We never index school for this area.

Transport & Commute — Magodo Phase 2

See full transport guide →

Water in Magodo Phase 2

GoodFreshBorehole: viable

Good groundwater. Basic filtration sufficient.

See Magodo Phase 2 water details →
⚽ Sports

Viewing centers in Magodo Phase 2

Where to watch the Premier League and Champions League nearby.

See viewing centers →
🏋 Facilities

Gyms & pitches in Magodo Phase 2

Sports facilities — pricing per hour / month.

See facilities →

Areas wey resemble

Ikeja GRA
Mainland · Mid
₦3.5M–6.0M
+15% YoY
Yaba
Mainland · Mid
₦2.4M–3.8M
+18% YoY
Gbagada
Mainland · Mid
₦1.8M–3.5M
+14% YoY
Maryland
Mainland · Mid
₦2.0M–3.5M
+12% YoY

FAQ

2-bedroom for Magodo Phase 2 dey cost ₦2,500,000 to ₦5,000,000 for one year, depending on the building and how close to main road. Dem dey pay rent for full year one time.