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Property information

House: Higashi, Okayama, Okayama

Asset type
House
Yield
22.4%
Rank
★★★☆☆
Bid deadline is 2026/02/12

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Base bid price 3,345,000yen
You can bid above 2,676,000yen

Location

Location Higashi, Okayama, Okayama
Traffic access on report(japanese) JR赤穂線 西大寺駅 南西方 直線 約3,400m 

Property data

Type Land
Property number 1
Address 岡山市東区金田 794番10
Building number
Registered category Residential land
Actual category
Registered area 382.00m2
Actual area
Zoning Preserved
Usage
Building to land ratio 60%
Floor area ratio 200%
Type Land Share sale
Property number 2
Address 岡山市東区金田 794番7
Building number
Registered category Public road
Actual category
Registered area 59m2
Actual area
Zoning Preserved
Usage
Building to land ratio 60%
Floor area ratio 200%
Share 4分-1
Type Building
Property number 3
Address 岡山市東区金田794番地10
Building number 794-10
Registered type Residence
Actual
Registered structure WoodenTile roofedOne-story
Actual
Registered floor area 85.29m2
Actual
Layout Others
Land right Ownership
Occupant Yes
Year/month built 1971/03

Numerical data

Base bid price 3,345,000yen Area 85㎡
Cap rate 22.4%
Gross yield 30.8%
Lease demand 16 / 25pt Minimum bid price 2,676,000yen
Ratio of years passed
to depreciable years
245% Earnest money deposit 670,000yen

Court data

Case number 2025(M)83 Result 2026/02/19
Court Okayama District Court(Main) Start of viewing 2026/01/09
Sale type Sealed bid auction (1 times) Bid period 2026/02/05 ~ 2026/02/12
Sale decision 2026/03/12
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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 3345000yen in court auction is the same as buying the asset out of court auction at 3110000yen(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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