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Property information

House: Gobo, Wakayama

Asset type
House
Yield
70% or more
Rank
★★☆☆☆
Bid deadline is 2026/01/29

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Base bid price 2,260,000yen
You can bid above 1,808,000yen

Location

Location Gobo, Wakayama
Traffic access on report(japanese) 紀州鉄道線「市役所前」駅 東方 道路距離 約1.0km 
Reference(japanese) 紀州鉄道線 紀伊御坊駅 南東方 0.86km

Property data

Type Land
Property number 2
Address 和歌山県御坊市島字堤ノ元 404番1
Building number
Registered category Residential land
Actual category
Registered area 82.92m2
Actual area
Zoning Residential Class II
Usage
Building to land ratio 60%
Floor area ratio 200%
Type Land
Property number 3
Address 和歌山県御坊市島字堤ノ元 404番7
Building number
Registered category Residential land
Actual category
Registered area 21.19m2
Actual area
Zoning Residential Class II
Usage
Building to land ratio 60%
Floor area ratio 200%
Type Land
Property number 4
Address 和歌山県御坊市島字堤ノ元 405番6
Building number
Registered category Residential land
Actual category
Registered area 179.85m2
Actual area
Zoning Residential Class II
Usage
Building to land ratio 60%
Floor area ratio 200%
Type Building
Property number 6
Address 和歌山県御坊市島字堤ノ元404番地1、405番地6、404番地1先、405番地1
Building number 404-1
Registered type Residence・Warehouse
Actual Shop・Warehouse
Registered structure steel structuredSlate-roofedroofed2story building
Actual
Registered floor area 1F 118.07m2,2F 106.29m2
Actual 1F ca.105m2,2F 106.29m2
Layout Others
Land right Ownership
Occupant debtor・owner
Year/month built 1982/04

Numerical data

Base bid price 2,260,000yen Area 211㎡
Cap rate 70% or more
Gross yield 96% or more
Lease demand 8 / 25pt Minimum bid price 1,808,000yen
Ratio of years passed
to depreciable years
172% Earnest money deposit 452,000yen

Court data

Case number 2024(M)1 Result 2026/02/05
Court Wakayama District Court(Gobo) Start of viewing 2025/12/18
Sale type Sealed bid auction (3 times) Bid period 2026/01/22 ~ 2026/01/29
Sale decision 2026/02/26
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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 2260000yen in court auction is the same as buying the asset out of court auction at 2100000yen(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」.

Bid simulation

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