printout House: Hizen, Okayama

Asset type
House
Yield
14.4%
Rank
★☆☆☆☆
To the bid due22 days left

Property image

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Property URL

Base bid price 5,180,000yen You can bid above 4,144,000yen
To the bid due 22 days left

Location

Location Hizen, Okayama
Traffic access on report(japanese) JR赤穂線 伊部駅 東方 直線 約400m
Reference(japanese) JR赤穂線 西片上駅 南西方 1.88km

Property data

Type Land Property number 1
Registered category Residential land Actual category -
Registered area 309.28m2 Actual area -
Zoning Residential Class I Usage -
Building to land ratio 60% Floor area ratio 200%
Type Building Property number 2
Building number 1833-17
Registered type Residence Actual -
Registered structure WoodenTile roofedOne-story Actual -
Registered floor area 114.15m2 Actual ca.139.15m2
Layout Others Land right Ownership
Occupant debtor・owner Year/month built 1976/09

Numerical data

Cap rate 14.4% Area 139㎡
Gross yield 19.8% Base bid price 5,180,000yen
Lease demand 5 / 25pt Minimum bid price 4,144,000yen
Ratio of years passed
to depreciable years
213% Earnest money deposit 1,040,000yen

Court data

Case number 2023(M)88 Announced 2024/05/10
Court Okayama District Court (Main) Start of viewing 2024/05/10
Sale type Sealed bid auction (1 times) Bid period 2024/06/06 ~ 2024/06/13
Farm land - Result 2024/06/20
Sale decision 2024/07/11 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 5180000yen in court auction is the same as buying the asset out of court auction at 4820000yen(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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