printout House: KitaIbaraki, Ibaraki

Asset type
House
Yield
34.6%
Rank
★★☆☆☆
To the bid due6 days left

Property image

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Property URL

Base bid price 4,000,000yen You can bid above 3,200,000yen
To the bid due 6 days left

Location

Location KitaIbaraki, Ibaraki
Traffic access on report(japanese) JR常磐線「磯原」駅 西方 道路距離 約2.8km
Reference(japanese) -

Property data

Type Land Property number 1
Registered category Residential land Actual category -
Registered area 239.27m2 Actual area -
Zoning Undesignated in urban plan area Usage -
Building to land ratio 60% Floor area ratio 200%
Type Land Share sale Property number 2
Registered category Public road Actual category Other land
Registered area 100m2 Actual area -
Zoning Undesignated in urban plan area Usage -
Building to land ratio 60% Floor area ratio 200%
Share Half
Type Building Property number 3
Building number 997-3
Registered type Residence Actual -
Registered structure Tiled roofed wooden 2 storey structure Actual -
Registered floor area 1F 62.60m2,2F 63.00m2 Actual -
Layout Others Land right Ownership
Occupant Yes Year/month built 2001/03

Numerical data

Cap rate 34.6% Area 125㎡
Gross yield 47.6% Base bid price 4,000,000yen
Lease demand 4 / 25pt Minimum bid price 3,200,000yen
Ratio of years passed
to depreciable years
104% Earnest money deposit 800,000yen

Court data

Case number 2023(M)105 Announced 2024/04/10
Court Mito District Court (Main) Start of viewing 2024/04/10
Sale type Sealed bid auction (1 times) Bid period 2024/05/10 ~ 2024/05/17
Farm land - Result 2024/05/24
Sale decision 2024/06/14 Special sale 2024/05/27 ~ 2024/05/28
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Points to note

Property price for assets not on court auctions does not include miscellaneous purchase expenses of about 7.5%.

Thus buying the asset at 4000000yen in court auction is the same as buying the asset out of court auction at 3720000yen(excluding misc. expenses).

In foreclosed properties, expenses for purchasing differ from ordniary purchase. Generally, however, it takes about 30%, depending on location and asset, in intermediary margins. Court auction is the sole market in which general public can eliminiate this margin.

For the same money, one can acquire better quality in foreclosed properties: auction concierges of 981.jp provide useful assistance.

*Above figures are based on base bid prices. For actual total costs, see 「bid simulation」.

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