Most people purchase properties in Lagos don’t really understand the meaning of the basic Real Estate terms.
As a potential buyer looking to buy land, home or build a house from scratch, you must be conversant with a few of these figures.
You can start with understanding the system of Land measurement in Nigeria.
In Nigeria today, Land is measured in Hectares, Acres, Meters and Feet. These measurements are affected by factors, which includes development pattern, human and environmental factors.
Let’s start by asking what is the size of standard plot in Nigeria?
According to the dictionary meaning of a plot: A plot is a marked-out piece of Land for the purpose of building or farming. The word ‘plot’ is an arbitrary term used to describe a land division carved out for property development.
The size of a plot can vary for different reasons but according to Nigeria’s land division, the appropriate plot for a house construction is 50 x 100ft which can accommodate a standard house with a small compound.
To better understand Land divisions used in Nigeria, different units of area are used as follows:
HECTARES (HA)
A hectare is one of the lease known metric units and one which potential buyers and Estate developer seem to struggle with – it is a land measuring 100m x 100m OR 328ft x 328ft OR 10,000sqm. It is about two and half acres. A Hectare consist of 15 plots.
ACRE
An Acre is a standard unit of measurement used by Land sellers and it is almost equivalent to the size of a standard football field. An Acre is a product of any rectangular plot of land giving a total of 4,046sqm OR 43,560sq ft. An Acre consists of 6 plots each measuring 6 x 120ft.
In Lagos State, the standard size of a plot is 60ft x 120ft (18m x 36m that is 648sqm), while in some other cities in the country, plots are measured in 50ft x 100ft.
