For Sale

NEWLY BUILT 4BEDROOM DETACHED BUNGALOW FOR SALE IN A SECURED ESTATE, OBANTOKO

Mats Estate, Obantoko, Obantoko, Abeokuta, Ogun State, Nigeria

₦55,000,000

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Overview

Detached Bungalow
Property type: C of O
Title

Description

Looking for an affordable 4-bedroom bungalow for sale in Abeokuta? This property in Mat Estate, Obantoko, offers an excellent opportunity to own a residential home on a spacious 650-square-metre plot in an established residential estate. Located along Road 5, Mats Estate, Obantoko, Abeokuta, this property is ideal for families seeking a comfortable home or investors looking to acquire real estate in Ogun State. With a **Certificate of Occupancy (C of O)** as its stated title, this property presents an opportunity for buyers seeking a home with documented title, subject to independent verification and due diligence. ## Property Features - **Property Type:** 4-Bedroom Bungalow - **Location:** Road 5, Mats Estate, Obantoko, Abeokuta, Ogun State - **Land Size:** 650 square metres - **Asking Price:** ₦50,000,000 Title: CofO Why Buy This Property in Obantoko, Abeokuta? 1. Spacious 4-Bedroom Family Home The bungalow offers four bedrooms, making it suitable for families who need comfortable accommodation and adequate personal space. 2. Generous Land Size Sitting on 650 square metres of land, the property offers valuable outdoor space and potential for landscaping or other improvements, subject to the property's layout and applicable planning regulations. 3. Located Within Mats Estate Mats Estate, Obantoko, provides a residential setting for buyers seeking a home away from the intensity of busier commercial areas while remaining within Abeokuta. 4. Documented Property Title The property is offered with a Certificate of Occupancy. Prospective buyers should conduct the necessary legal searches and title verification before completing the transaction. 5. Suitable for Homeowners and Property Investors Whether you intend to occupy the property, renovate it to suit your preferences, or explore its rental potential, this bungalow offers flexibility for different property ownership objectives. Own Your Home in Abeokuta Today If you are searching for a 4-bedroom bungalow for sale in Abeokuta, a house for sale in Obantoko, or residential property in Ogun State for ₦55 million, this property deserves your consideration. Contact Barods Global Limited today to arrange an inspection and take the next step towards owning your property in Abeokuta.

Address

Address: Mats Estate, Obantoko
Area: Obantoko
City: Abeokuta
State: Ogun State
Country: Nigeria

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Details

Property ID: BG-10264
Price: ₦55,000,000
Property type: Detached Bungalow
Property status: For Sale
Title document: Certificate of Occupancy (C of O)
Condition: Newly built
Listed on: 26 October 2026
Updated on: 26 October 2026

Features

POP ceiling
Family lounge
En-suite bedrooms
Guest toilet
Car park

Video

Mortgage calculator

Country rulesLoan type

Loans from Primary Mortgage Banks and commercial banks at market rates.

Property price

₦

Interest rate (% a year)

Down payment (equity)30% · ₦16,500,000

Minimum for this loan type: 20%

Loan term15 years

Longest term for this loan type: 20 years

Monthly running costs

Property insurance (per year)

₦

Lenders require the building to be insuredLand Use Charge / ground rent (per year)

₦

Set by the state government each yearEstate service charge (per month)

₦

Security, waste, roads and power in the estate

One-off buying costs

Legal fee (% of price)Usually 5–10% of the price in NigeriaGovernor's consent, stamp duty and registration (% of price)Varies by state; about 3% in LagosLender processing and valuation fees (% of loan)Typically about 1% of the loan

Estimated monthly payment

₦733,716

Loan repayment: ₦733,716
Running costs: ₦0
Loan amount: ₦38,500,000
Loan-to-value: 70%
Total interest: ₦93,568,891
Total repaid over 15 yrs: ₦132,068,891

Principal 29%Interest 71%

Cash needed upfront₦21,285,000

Down payment₦16,500,000
Legal fee₦2,750,000
Governor's consent, stamp duty and registration₦1,650,000
Lender processing and valuation fees₦385,000

Most lenders ask for at least 20% equity contribution and proof of steady income.
Rates are variable and follow the CBN Monetary Policy Rate, so repayments can change.
This is an estimate, not a loan offer. Your lender will confirm the final rate, fees and eligibility.

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Safety tips

Inspect the property and meet the agent before paying anything.
Ask to see the original title document and carry out a search at the state land registry.
Pay only into Barods Global Limited’s official account.

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