printout House: Oyama, Tochigi

Asset type
House
Yield
9.7%
Rank
★★☆☆☆
Bid period ended

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Property URL

Base bid price 11,522,000yen You could bid above 9,217,600yen
Bid period ended

Results

Court classification House Sale price 18,507,000yen
Bid opening Sale Number of bidders 5
Winner qualification Corporation

Location

Location Oyama, Tochigi
Traffic access on report(japanese) JR宇都宮線「小山」駅 南東方 直線 約2,000m
Reference(japanese) JR水戸線 小山駅 南東方 1.93km JR両毛線 小山駅 南東方 1.93km 東北新幹線 小山駅 南東方 2.04km

Property data

Type Land Property number 1
Registered category Residential land Actual category -
Registered area 286.95m2 Actual area -
Zoning Residential Class I Usage -
Building to land ratio 60% Floor area ratio 200%
Type Building Property number 2
Building number 234-17-2
Registered type Residence Actual -
Registered structure WoodenShingle sand asphalt etc. roofingroofed2F building Actual -
Registered floor area 1F 58.79m2,2F 46.16m2 Actual -
Layout Others Land right Ownership
Occupant debtor・owner Year/month built 2011/08

Numerical data

Cap rate 9.7% Area 104㎡
Gross yield 13.3% Base bid price 11,522,000yen
Lease demand 15 / 25pt Minimum bid price 9,217,600yen
Ratio of years passed
to depreciable years
54% Earnest money deposit 2,304,400yen

Court data

Case number 2023(M)31 Announced 2024/03/13
Court Utsunomiya District Court (Main) Start of viewing 2024/03/13
Sale type Sealed bid auction (2 times) Bid period 2024/04/03 ~ 2024/04/10
Farm land - Result 2024/04/16
Sale decision 2024/05/10 Special sale 2024/04/17 ~ 2024/04/19

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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 11522000yen in court auction is the same as buying the asset out of court auction at 10720000yen(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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