printout House: Nishi, Kumamoto, Kumamoto

Asset type
House
Yield
25.5%
Rank
★★★☆☆
To the bid due6 days left

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Property URL

Base bid price 2,250,000yen You can bid above 1,800,000yen
To the bid due 6 days left

Location

Location Nishi, Kumamoto, Kumamoto
Traffic access on report(japanese) JR鹿児島本線「崇城大学前」駅 南西方 約1.2km(道路距離)
Reference(japanese) 熊本電鉄上熊本線 韓々坂駅 北西方 1.18km JR鹿児島本線 上熊本駅 北西方 1.49km 熊本市電B系統 上熊本駅 北西方 1.50km

Property data

Type Land Property number 1
Registered category Residential land Actual category -
Registered area 224.78m2 Actual area -
Zoning Low residential Class I Usage -
Building to land ratio 40% Floor area ratio 80%
Type Building Property number 2
Building number 2049-
Registered type Residence Actual -
Registered structure WoodenCement tileroofedOne-story Actual -
Registered floor area 63.55m2 Actual -
Layout Others Land right Ownership
Occupant debtor・owner Year/month built 1969/05

Numerical data

Cap rate 25.5% Area 63㎡
Gross yield 35.1% Base bid price 2,250,000yen
Lease demand 14 / 25pt Minimum bid price 1,800,000yen
Ratio of years passed
to depreciable years
245% Earnest money deposit 450,000yen

Court data

Case number 2023(M)48 Announced 2024/04/30
Court Kumamoto District Court (Main) Start of viewing 2024/04/30
Sale type Sealed bid auction (1 times) Bid period 2024/05/14 ~ 2024/05/21
Farm land - Result 2024/05/27
Sale decision 2024/06/10 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 2250000yen in court auction is the same as buying the asset out of court auction at 2090000yen(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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