printout House: Maebashi, Gunma

Asset type
House
Yield
18.1%
Rank
★★★☆☆
Bid period ended

Property image

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Property URL

Base bid price 5,790,000yen You could bid above 4,632,000yen
Bid period ended

Results

Court classification House Sale price 12,811,500yen
Bid opening Sale Number of bidders 11
Winner qualification Corporation

Location

Location Maebashi, Gunma
Traffic access on report(japanese) JR両毛線 前橋駅 北方 道路距離 約4.7km
Reference(japanese) -

Property data

Type Land Property number 1
Registered category Residential land Actual category -
Registered area 165.73m2 Actual area -
Zoning High residential Class I Usage -
Building to land ratio 60% Floor area ratio 200%
Type Building Property number 2
Building number 447-15
Registered type Residence Actual -
Registered structure Lightsteel structuredSlate-roofedroofed2F building Actual -
Registered floor area 1F 55.93m2,2F 53.71m2 Actual -
Layout 3LDK Land right Ownership
Occupant debtor・owner Year/month built 2003/11

Numerical data

Cap rate 18.1% Area 109㎡
Gross yield 24.9% Base bid price 5,790,000yen
Lease demand 15 / 25pt Minimum bid price 4,632,000yen
Ratio of years passed
to depreciable years
80% Earnest money deposit 1,158,000yen

Court data

Case number 2023(M)79 Announced 2024/03/13
Court Maebashi District Court (Main) Start of viewing 2024/03/13
Sale type Sealed bid auction (1 times) Bid period 2024/04/09 ~ 2024/04/16
Farm land - Result 2024/04/23
Sale decision 2024/05/14 Special sale 2024/04/26 ~ 2024/04/26

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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 5790000yen in court auction is the same as buying the asset out of court auction at 5390000yen(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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