printout House: Hofu, Yamaguchi

Asset type
House
Yield
49.3%
Rank
★★☆☆☆
To the bid due5 days left

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Property URL

Base bid price 1,064,000yen You can bid above 851,200yen
To the bid due 5 days left

Location

Location Hofu, Yamaguchi
Traffic access on report(japanese) JR山陽本線「防府」駅 南東方 約5.9km【道路距離】 「郷ケ崎」バス停 東方 約320m【道路距離】
Reference(japanese) -

Property data

Type Land Property number 15
Registered category Other land Actual category Others-residential
Registered area 581m2 Actual area -
Zoning Preserved Usage -
Building to land ratio 70% Floor area ratio 200%
Type Building Property number 16
Building number 127-3
Registered type ポンプ庫 Actual -
Registered structure SteelconcreteFlat-roofedOne-story Actual -
Registered floor area 65.24m2 Actual -
Layout Others Land right Ownership
Occupant debtor・owner Year/month built 1970/07

Numerical data

Cap rate 49.3% Area 65㎡
Gross yield 67.8% Base bid price 1,064,000yen
Lease demand 12 / 25pt Minimum bid price 851,200yen
Ratio of years passed
to depreciable years
112% Earnest money deposit 212,800yen

Court data

Case number 2022(M)40 Announced 2024/04/17
Court Yamaguchi District Court (Main) Start of viewing 2024/04/17
Sale type Sealed bid auction (3 times) Bid period 2024/05/08 ~ 2024/05/15
Farm land - Result 2024/05/21
Sale decision 2024/06/11 Special sale -
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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 1064000yen in court auction is the same as buying the asset out of court auction at 990000yen(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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