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House: Minamata, Kumamoto

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Bid period ended

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Base bid price 9,520,000yen You could bid above 7,616,000yen
Bid period ended Disclosed on Jun 13, 2019

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Map Minamata, Kumamoto [Area map]


Court classification House Sale price 11,182,000yen
Bid opening Sale Number of bids 1
Winner qualification Corporation


Location Minamata, Kumamoto
Traffic access on report(japanese) 肥薩おれんじ鉄道 水俣駅 南西方 約3.3km(道路距離) 出月中央バス停 約160m
Reference(japanese) 肥薩おれんじ鉄道線 袋 南西方 2.49km

Property data

Type Land Property number 1
Registered category Residential land Actual category -
Registered area 311.28m2 Actual area -
Zoning Undesignated in urban plan area Usage -
Building to land ratio 70% Floor area ratio 400%
Type Building Property number 2
Building number 350-59
Registered type Residence Actual -
Registered structure WoodenTile roofed2F building Actual -
Registered floor area 1F 115.00m2,2F 35.00m2 Actual -
Layout 5LDK Land right Ownership
Occupant debtor・owner Year/month built 2003/06

Numerical data

Cap rate 10.1% Area 150㎡
Gross yield 13.9% Base bid price 9,520,000yen
Lease demand 1 / 25pt Minimum bid price 7,616,000yen
Ratio of years passed
to depreciable years
72% Earnest money deposit 1,904,000yen
Year/ month built 2003/06(16 years old)

Court data

Case number 2019(M)1 Announced Jun 13, 2019
Court Kumamoto District Court (Yatsushiro) Start of viewing Jun 13, 2019
Sale type Sealed bid auction (1 times) Bid period Jul 11, 2019 ~ Jul 18, 2019
Farm land - Result Jul 25, 2019
Sale decision Aug 1, 2019 Special sale Jul 30, 2019 ~ Jul 30, 2019
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 9520000yen in court auction is the same as buying the asset out of court auction at 8860000yen(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 provide useful assistance.

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


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