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Property information

House: Mito, Ibaraki

Asset type
House
Yield
20.2%
Rank
★★★☆☆
Bid deadline is 2025/12/05

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Base bid price 9,360,000yen
You can bid above 7,488,000yen

Location

Location Mito, Ibaraki
Traffic access on report(japanese) JR常磐線「赤塚」駅 北東方 道路距離 約1.7km 最寄バス停「石川保育園前」 北方 約240m(徒歩約3分) 

Property data

Type Land
Property number 13
Address 水戸市石川一丁目 4000番1
Building number
Registered category Residential land
Actual category
Registered area 801.16m2
Actual area
Zoning High residential Class I
Usage
Building to land ratio 60%
Floor area ratio 200%
Type Land
Property number 14
Address 水戸市石川一丁目 4000番4
Building number
Registered category Residential land
Actual category Other land
Registered area 132.70m2
Actual area
Zoning High residential Class I
Usage
Building to land ratio 60%
Floor area ratio 200%
Type Land
Property number 15
Address 水戸市石川一丁目 4000番5
Building number
Registered category Residential land
Actual category Other land
Registered area 8.00m2
Actual area
Zoning High residential Class I
Usage
Building to land ratio 60%
Floor area ratio 200%
Type Building
Property number 16
Address 水戸市石川一丁目4000番地1
Building number 4000-1
Registered type Apartment
Actual
Registered structure Lightsteel structuredSlate-roofedroofed2story building
Actual
Registered floor area 1F 101.56m2,2F 101.56m2
Actual
Layout Others
Land right Ownership
Occupant Yes
Year/month built 1992/03
Type Building
Property number 17
Address 水戸市石川一丁目4000番地1
Building number 4000-1-2
Registered type Apartment
Actual
Registered structure Lightsteel structuredSlate-roofedroofed2story building
Actual
Registered floor area 1F 78.08m2,2F 78.08m2
Actual
Layout Others
Land right Ownership
Occupant Yes
Year/month built 1992/03
Type Building
Property number 18
Address 水戸市石川一丁目4000番地1
Building number 4000-1-3
Registered type Apartment
Actual
Registered structure Lightsteel structuredSlate-roofedroofed2story building
Actual
Registered floor area 1F 78.08m2,2F 78.08m2
Actual
Layout Others
Land right Ownership
Occupant Yes
Year/month built 1992/03

Numerical data

Base bid price 9,360,000yen Area 203㎡
Cap rate 20.2%
Gross yield 27.8%
Lease demand 16 / 25pt Minimum bid price 7,488,000yen
Ratio of years passed
to depreciable years
132% Earnest money deposit 1,872,000yen

Court data

Case number 2024(M)140 Result 2025/12/12
Court Mito District Court(Main) Start of viewing 2025/10/29
Sale type Sealed bid auction (1 times) Bid period 2025/11/28 ~ 2025/12/05
Sale decision 2026/01/09 Special sale 2025/12/15 ~ 2025/12/16
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Analysis data

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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 9360000yen in court auction is the same as buying the asset out of court auction at 8710000yen(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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