Aafin Oba Estate, Lagelu, Ibadan
300sqm, 500sqm, 1 acre
₦3.00
Investment Prospectus: Aafin Oba Estate, Lagelu (2026)
Aafin Oba is a land-banking and residential development located in Lagelu, Ibadan. Positioned within the Ibadan Circular Road Corridor Urban District, the estate is intended as a long-term asset for capital protection and transferrable wealth.
1. Asset Specifications & Financial Entry
The estate offers tiered entry points with a focus on flexible acquisition. The title, Government Allocation, ensures a high level of legal security for land ownership in Oyo State, facilitating seamless secondary market transactions.
Plot Size | Full Price (0–3 Months) | Initial Deposit |
300 SQM | ₦3,000,000 | ₦300,000 |
500 SQM | ₦4,000,000 | ₦500,000 |
One Acre | ₦24,000,000 | ₦2,000,000 |
Infrastructure Note: The current pricing includes perimeter fencing, gatehouse construction, and earth roads. An infrastructure levy will be determined at a future date to fund premium amenities, including concretized drainage, electrification, and street lighting.
2. Strategic Macro Drivers (2026 Market Context)
Lagelu is fully transitioning from a peripheral suburb to a central logistics node due to three major state and federal projects nearing completion or inauguration in Q1 2026.
A. Senator Rashidi Ladoja Circular Road
The 32.2km East Wing of the 110km Circular Road is scheduled for inauguration in March 2026. Aafin Oba is situated directly within this development corridor, which links the Lagos-Ibadan Expressway to the Ibadan-Iwo Road, significantly reducing transit times and increasing commercial land value.
B. Samuel Ladoke Akintola International Airport
The airport upgrade to international standards is set for completion by March 2026. With a new terminal building designed for one million annual passengers and a runway extended to 3,000 meters, the Alakia-Lagelu axis is experiencing a surge in demand for executive housing and hospitality services.
C. Erunmu Dry Sea Port
The federal government’s commitment to the Ibadan Inland Dry Port at Erunmu (near Lagelu) serves as a primary industrial driver. This facility is designed to decongest Lagos ports, positioning Lagelu as the primary logistics hub for the South-West.
3. Investment Viability & Financial Projections
Land in the Lagelu axis has shown a consistent appreciation trend. For a "Government Allocation" title, the entry price of ₦8,000 per SQM (at the 500 SQM rate) is currently below the projected 2027 market value for serviced plots in this corridor.
Projected Appreciation (24-Month Forecast)
Given the infrastructure inauguration in 2026, we apply a conservative 20% annual appreciation rate, compounded by the "infrastructure effect" upon the commencement of paved roads.
V_f = V_p * (1 + r)^t
Where:
V_f = Future Value
V_p = Present Value (₦4,000,000)
r = 0.20 (20%)
t = 2 years
V_f = 4,000,000* (1.20)^2 = ₦5,760,000
Note: This excludes the additional value added once the infrastructure levy is paid and amenities are installed, which typically triggers a 35–50% jump in resale value.
4. Landmark Proximity
Airforce Comprehensive School: Established educational landmark providing a security buffer.
Proposed Àjọ́dá Golf Course: A 2026–2028 target for leisure-driven capital growth.
Dey Sea Port / Erunmu Dry Port: The primary economic engine for the region.