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Fantastic Bungalow With Multi-units On 600sqm Parcel

5 bedroom detached bungalow for sale

Folawiyo Bankole, Surulere, Lagos

₦200,000,000

Property Ref: 3228837Added On: 29 Nov 2025Last Updated: 14 Dec 2025
Market Status: AvailableType: Detached BungalowBedrooms: 5
Bathrooms: 5Toilets: 5Total Area: 600 sqm

FOR SALE ---
BUNGALOW ON FULL PLOT WITH INCOME-UNITS,
SURULERE (Off Folawiyo Bankole St.
Price: 200,000,000

Property Overview: Prime single-storey opportunity on a full plot (approx. 500 sqm) located at Ikpoh Street, off Folawiyo Bankole Street in Surulere. This versatile property combines owner-occupier comfort with immediate rental income from attached mini-flats --- perfect for families, investors or developers.
Key Features

- Main unit: 1 x 3-bedroom bungalow (all bedrooms en-suite)
- Income units: 2 x mini-flats (self-contained)
- Land Size: 500 sqm (ample land for parking, garden or future expansion)
- Location: Quiet street within Surulere --- strong demand neighborhood with excellent access to shopping, schools, transport and commercial hubs
Title & Documents

- Receipt & Deed available for verification and speedy transfer

Investment Highlights

- Dual-use asset: live in the main bungalow and rent the mini-flats for steady income
- Redevelopment potential: full plot in Surulere provides scope for vertical development or conversion (subject to approvals)
- Strong rental market in Surulere ensures low vacancy risk and consistent returns

Key Facts at a Glance
- Location: Ikpoh Street (Off Folawiyo Bankole Street), Surulere
- Property: 3-bed en-suite bungalow + 2 mini-flats on full plot
- Land Size: 500 sqm
- Price: 200,000,000 (
- Documents: Receipt & Deed
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Phone

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Whatsapp

+2347049744444

Useful Information

About Surulere, Lagos