What will this 165 m² Lagos flat actually sell for?

[gardensAndRoof]

With the listing already at 94 days, put your prediction in before it reaches 100. The trade-off is a large 165 m² three-bedroom flat versus average condition and an asking price of NGN 720,800,000.

What single figure do you expect the completed sale to show? Add the two details that matter most to your estimate, whether that is the time unsold, floor area, condition or financing pressure.

 

[walksAndKey]

NGN 650,000,000. My two drivers are the 94 days without a sale and the average condition, which weakens the case for paying the full new-build asking price. That is roughly where I’d expect a serious negotiation to land.

 

[otis_york]

NGN 684,000,000, based on the generous 165 m² floor area and the three-bedroom format. But which part of Lagos is it in, and has the asking price already been reduced? Without the micro-location and price history, the 94 days could mean overpricing or simply slower local demand.

 

[DirectHarbor]

NGN 705,000,000. I disagree that 94 days automatically points to a large discount, particularly at this asking price where financing may narrow the buyer pool. The floor area is my main positive; the other factor is that no actual price reduction has been mentioned.

 

[otis_york]

That’s fair, although I’d still stay at NGN 684,000,000 until we know more. “Average condition” on a new-build also needs explaining: does it refer to the finishes, the current state of the unit, or just a broad listing label? The most useful next detail would be one genuinely comparable completed sale nearby, not another asking price.

 

[knitsAndInk]

NGN 640,000,000. My two facts are 94 days on market and average condition. I’m allowing a wider reduction than others because the NGN 720,800,000 figure is only the seller’s ask; without evidence of a nearby completed sale, the size alone does not establish that buyers will support it. Local supply and any previous reductions could change the guess substantially.