printout House: Ise, Mie

Asset type
House
Yield
40.9%
Rank
★★★☆☆
Bid period ended

Property image

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Property URL

Base bid price 1,520,000yen You could bid above 1,216,000yen
Bid period ended

Results

Court classification House Sale price 1,310,000yen
Bid opening Sale Number of bidders -
Winner qualification Individual

Location

Location Ise, Mie
Traffic access on report(japanese) JR参宮線「宮川」駅 南西方 直線距離 約290m
Reference(japanese) 近鉄山田線 小俣駅 南西方 1.88km JR参宮線 山田上口駅 西方 2.32km

Property data

Type Land Property number 1
Registered category Residential land Actual category -
Registered area 109.37m2 Actual area -
Zoning High residential Class II Usage -
Building to land ratio 60% Floor area ratio 200%
Type Building Property number 2
Building number 1342-
Registered type Residence Actual -
Registered structure WoodenCement tile roofedroofed2F building Actual -
Registered floor area 1F 47.50m2,2F 27.52m2 Actual -
Layout 4K(台所スペース) Land right Ownership
Occupant debtor・owner Year/month built 1954/07

Numerical data

Cap rate 40.9% Area 75㎡
Gross yield 56.2% Base bid price 1,520,000yen
Lease demand 15 / 25pt Minimum bid price 1,216,000yen
Ratio of years passed
to depreciable years
313% Earnest money deposit 304,000yen

Court data

Case number 2023(O)10 Announced -
Court Tsu District Court (Ise) Start of viewing 2024/04/22
Sale type Special sale (1 times) Special sale 2024/05/08 ~ 2024/05/08
Farm land - Result -

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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 1520000yen in court auction is the same as buying the asset out of court auction at 1410000yen(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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Eviction etc. 0,000yen Renovations 0,000yen
Others 0,000yen
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Total cost of acquisition 0,000yen

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Projected yield %