Owning a piece of land in Lagos has been seen to be a good investment as it is one of the most sought-after assets especially when you invest in locations where land appreciates fast. Despite the fact that owning a piece of land is one of the most sought-after assets, yet most people have been cheated due to their lack of knowledge about the size of a standard plot. In addition to that, individuals or investors who own a landed property in Lagos are always considered to have a competitive advantage as he or she can become financially stable in the future.
It is pertinent to also note that owning land in Lagos can be so frustrating and this can be attributed to encumbrances such as; land grabbers problem, government ownership, and family squabble, and so on.
However, the sizes of standard plots vary from one location to another due to the availability of land in that area or location. Land sizes in Lagos have been affected by quite a number of factors; economic investment and development patterns, human factors, environmental factors e.t.c.
As a first-time investor or foreigner willing to buy land in Lagos Nigeria, the very first thing you need to understand is the system of land measurements in Lagos.
This article focuses on understanding the different land sizes in Lagos, Nigeria. Without further ado, let us get right into it.
If you are buying your plot of land, it is vital to ask the real estate agent or consultant questions about the plot. Such question includes;
What is the size of a plot of land? What is the size in square meters?
What is a plot of land: This is a term used to describe any piece of land size in Lagos. A plot can be measured in square meters or feet, acres, hectares.
The appropriate plot for house construction is usually 50ft X 100 which can accommodate a standard house in Lagos. However, the two international standard units of measurement for a plot are; Imperial( feet and acres) and metric (meters and hectares).
Also Read. Documents you should know when purchasing land.
Some Common Land Measurement Units
Feet: The singular, foot. It is an imperial unit of measurement for length and its equal to twelve inches or approximately 30.5 centimeters.
Acres: This is another imperial unit of measurement used or a large tract of land usually the size of any rectangular plot giving a total of 4,046sqm or 43,560 sq ft.
In Nigeria, 6 plots of land make an acre.
For instance 5 acres = 5 X 6plots= 30 plots
Hectare: A unit of measurement used for a large tract of land. A hectare is about 2 and a half acres of land.
Meter: This is the basic unit of length measurement. It is equal to 100 centimeters.
Square meters: This is used to measure the areas of rooms to houses to lands. The square meter is a fundamental metric unit to the area.
Also Read. Soil types to look out for when buying land in Lagos.
How To Calculate Number of Plots of land In Lagos
When calculating the size of a parcel of land, the very first thing you need to know is the area per plot.
Instance 1: The area of the land is 3000 square meters. And the area per plot is 6oo square meters. All you need to do is simple division.
I.e 3000/600 =5 plots
Instance 2: If the area of the land is in square feet and you want it in square metres
1m is 3.2808 feet (ft)
1 square metres is times 2 of it , i.e 3.2808ft X 3.2808ft = 10.7636 square feets
1 foot is 3.3048 m
1 square feet is double of it i.e 3.3048m X 3.3048m = 0.0929 square metres
For example; the area of the land is 10,000 sq. ft and you want it in square meters, the area will be 10,000 x 0.0929 =929 square meters.
Check: Properties for sale in Lagos with good land sizes
In conclusion.
Whether you are considering investing in Nigeria real estate for commercial or residential purposes, it vital to have a knowledge of land measurements in Nigeria because it helps you in your investment decision.