The importance of transportation cannot be de-emphasized either in a city, town or neighbourhood. The necessity that every area should possess quality transportation systems as well as good road networks that can serve the present population and ease movement cannot be ignored. The research therefore aims at assessing the impact of road rehabilitation on property values using Lasu-Isheri road Lagos as a case study. To achieve this, the residents and Estate Surveyors and Valuers in the study area and Ikeja respectively were consulted to get information to aid in arriving at a reasonable conclusion. Questionnaires were administered to 84 residents in the study area while 73 (87%) was retrieved and 52 to the Estate Surveyors and Valuers who have management properties in the study area, 44 (85%) was retrieved. Analysis and Presentation of data were done using frequency tables and percentages, mean. The study revealed that road rehabilitation majorly has a positive effect on areas where it was carried out; hence it is recommended that government should keep rehabilitating roads both to their benefit and that of the residents in the area. This will help enhance the economic development of the area, increasing land and rental values and also encourage developers to invest.