Lagos.CoolToday
MainlandMidLGA: Kosofe👥 60,000

Rent in Magodo Phase 2

2-bed annual rent
₦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 (monthly equiv.)
₦312,500
Power (NEPA + supplement)
₦153,325
Total monthly
₦465,825
Lagos.Cool Editorial
28 July 2026 · 2 min read

About Magodo Phase 2

Magodo Phase 2 is the mainland's premium residential option — wide GRA roads, detached houses with gardens, and a suburban feel rare in Lagos. At ₦2.5M–₦5M, it offers mainland pricing with near-Island quality of life. Popular with families who need space for children and don't want the Island commute.

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

Ideal for

Upper-middle-class familiesProfessionals wanting mainland space

Nearby neighborhoods

Nearby schools

No schools indexed for this area yet.

Transport & CommuteMagodo Phase 2

Water in Magodo Phase 2

GoodFreshBorehole: viable

Good groundwater. Basic filtration sufficient.

The character of Magodo Phase 2

Magodo Phase 2 is the established gated estate area on the eastern Mainland — a planned residential development carved out of Magodo in the early 2000s and now home to professional families who want the security of a gated estate without Island prices. The area sits east of Ikeja, accessible via the Lagos-Ibadan Expressway service road. Streets are gridded, plot sizes are moderate (500-700 sqm typical), and most properties are detached houses. The character is solidly suburban-family — international and reputable Nigerian schools nearby, organised retail at Magodo Shoprite, a substantial returnee diaspora cohort.

What your money gets you in Magodo Phase 2

For ₦2.5M/year (the floor) you get a 3-bedroom semi-detached house in a smaller estate block. Between ₦4M and ₦7M annually you move into 4-bedroom detached houses with garden and parking for 2-3 cars. The ₦8M+ bracket buys 5-bedroom detached houses on the inner estate streets with swimming pools.

Transport access

Car
Main access via Lagos-Ibadan Expressway service road. Connection to Ikeja via Berger and CMD Road. Traffic moderate; bottlenecks at Berger interchange during rush hour.
BRT
No BRT direct; nearest is Ikeja Bus Terminal (15-20 minutes by car).
Bolt/Uber
Solid coverage; surge less common than on the Island.

Utilities at a glance

power
NEPA Band A in most of Magodo Phase 2 — 18-22 hours daily. Generator backup standard
water
Mostly private boreholes with on-site treatment
internet
Fibre coverage improving — Spectranet, MTN Fibre, ipNX. Speeds 30-100Mbps typical

Safety notes

Among the safest mainland residential areas — gated estate entries with security, perimeter walls, regular internal patrols. Crime rate low. The biggest practical concerns are flooding on parts of Magodo Phase 1 during heavy rain (Phase 2 itself drains well) and the chronic Berger interchange traffic.

Similar neighborhoods

FAQ

Yes — Magodo (both Phase 1 and Phase 2) is in Lagos State, specifically Kosofe LGA. The Lagos-Ogun border is just east of Berger, but Magodo sits clearly inside Lagos.