Otun Junction, Ayobo, Lagos
₦50,000,000
| Property Ref: 3199444 | Added On: 12 Nov 2025 | Last Updated: 12 Nov 2025 |
| Market Status: Available | Type: Detached Bungalow | Bedrooms: 3 |
| Bathrooms: 3 | Toilets: 4 |
Property for Sale --- Otun Junction / Moricas Idiorogbo, Ayobo, Lagos
Property type: Newly built 3bedroom bungalow (singlestorey residential)Location: Otun Junction area, Moricas Idiorogbo, Ayobo, LagosLand size: Built on a 60ft 140ft plot (larger than a standard full plot)Asking price: 50,000,000
Property summary
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A brandnew 3bedroom bungalow finished to a contemporary standard and ready for immediate occupation. The property is set on an expansive 60ft 140ft plot, offering generous compound space for parking, landscaping or future expansion. Located in the Otun Junction / Moricas Idiorogbo neighbourhood of Ayobo, the home combines modern finishes with practical outdoor space in a secure, accessible location.
Accommodation & layout
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- 3 wellproportioned bedrooms (confirm ensuite configuration during viewing)
- Open plan living and dining area
- Fitted kitchen (specify cabinets and finish on inspection)
- Guest toilet where applicable
- Ample compound space with room for multiple vehicles
Key features & finishes
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- Newly constructed --- movein ready ("pay and parkin")
- Full POP (Plaster of Paris) ceilings throughout for a refined interior finish
- Durable aluminium roofing for low maintenance and longevity
- Fully fenced compound with secure gate
- Built on a large 60ft 140ft plot providing space for additional structures, garden or parking
- Clean, modern finishes expected --- buyers should inspect to confirm tiles, sanitary fittings and kitchen fixtures
Title & legal
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- Title status: Not specified (buyer to request title documentation from vendor --- C of O / Deed / Receipt / Survey).
- Recommended due diligence: verify title (C of O preferred), obtain certified Survey Plan, confirm vendor authority and boundary lines; involve a solicitor and licensed surveyor before exchange.
Location & accessibility
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- Situated in the Otun Junction area of Moricas Idiorogbo, Ayobo --- a developing residential neighbourhood with improving infrastructure.
- Good road access for commuting to neighbouring towns and Lagos mainland; proximity to local amenities, markets and public transport routes (confirm exact distances during viewing).
Investment & buyer highlights
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- New construction reduces immediate maintenance costs and is attractive to owneroccupiers seeking turnkey homes.
- Large plot size offers development upside (dual occupancy conversion, annex BQ, or rental cottage subject to approvals).
- Competitive price point for Ayobo location --- suitable for firsttime buyers, families or investors targeting rental income.
Sale terms & viewings
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- Asking price: 50,000,000 (serious offers invited; price negotiable for prompt/completed transactions)
- Viewings by appointment only; interested buyers must provide valid ID and proof of funds prior to inspection.
- Reservation deposit and formal sale terms to be agreed upon offer acceptance; buyers strongly advised to engage legal counsel and surveyor.
What we can provide on request
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- Photographs, floor plan and site layout (if available)
- Copies/scans of title documents and Survey Plan (upon vendor consent)
- Indicative rental estimate and yield analysis
- Introductions to recommended solicitors and surveyors for due diligence
Contact
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To request documents, arrange a viewing or discuss terms, contact:
