printout House: Maebashi, Gunma

Asset type
House
Yield
16.3%
Rank
★★☆☆☆
Bid period ended

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Base bid price 4,740,000yen You could bid above 3,792,000yen
Bid period ended

Results

Court classification House Sale price 10,510,000yen
Bid opening Sale Number of bidders 12
Winner qualification Individual

Location

Location Maebashi, Gunma
Traffic access on report(japanese) JR上越線「新前橋」駅 北東方 道路距離 約200m
Reference(japanese) JR両毛線 新前橋駅 北東方 0.17km 上毛電気鉄道上毛線 中央前橋駅 南西方 2.70km

Property data

Type Land Property number 1
Registered category Residential land Actual category -
Registered area 90.27m2 Actual area -
Zoning Commercial Usage -
Building to land ratio 80% Floor area ratio 400%
Type Land Property number 2
Registered category Residential land Actual category -
Registered area 26.20m2 Actual area -
Zoning Commercial Usage -
Building to land ratio 80% Floor area ratio 400%
Type Building Property number 3
Building number 21-8
Registered type Residence Actual -
Registered structure WoodenZinc-coated steel sheetroofed2F building Actual -
Registered floor area 1F 54.65m2,2F 26.49m2 Actual -
Layout Others Land right Ownership
Occupant debtor・owner Year/month built 1969/08

Numerical data

Cap rate 16.3% Area 81㎡
Gross yield 22.4% Base bid price 4,740,000yen
Lease demand 18 / 25pt Minimum bid price 3,792,000yen
Ratio of years passed
to depreciable years
245% Earnest money deposit 948,000yen

Court data

Case number 2023(M)88 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 4740000yen in court auction is the same as buying the asset out of court auction at 4410000yen(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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