printout House: Ube, Yamaguchi

Asset type
House
Yield
24.7%
Rank
★★★☆☆
Bid period ended

Property image

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Property URL

Base bid price 4,290,000yen You could bid above 3,432,000yen
Bid period ended

Results

Court classification House Sale price 7,836,950yen
Bid opening Sale Number of bidders 5
Winner qualification Corporation

Location

Location Ube, Yamaguchi
Traffic access on report(japanese) JR宇部線「岐波」駅 西方 約850m【道路距離】 「岐波」バス停 北西方 約800m【道路距離】
Reference(japanese) JR宇部線 阿知須駅 南西方 2.39km

Property data

Type Land Property number 1
Registered category Residential land Actual category -
Registered area 243.35m2 Actual area -
Zoning High residential Class I Usage -
Building to land ratio 60% Floor area ratio 200%
Type Building Property number 2
Building number 1999-13
Registered type Residence Actual -
Registered structure WoodenCement tile roofedroofed2F building Actual -
Registered floor area 1F 69.84m2,2F 55.00m2 Actual -
Layout Others Land right Ownership
Occupant Yes Year/month built 1994/10

Numerical data

Cap rate 24.7% Area 124㎡
Gross yield 34.0% Base bid price 4,290,000yen
Lease demand 14 / 25pt Minimum bid price 3,432,000yen
Ratio of years passed
to depreciable years
131% Earnest money deposit 858,000yen

Court data

Case number 2023(M)17 Announced 2024/03/13
Court Yamaguchi District Court (Main) Start of viewing 2024/03/13
Sale type Sealed bid auction (1 times) Bid period 2024/04/03 ~ 2024/04/10
Farm land - Result 2024/04/16
Sale decision 2024/05/14 Special sale -

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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 4290000yen in court auction is the same as buying the asset out of court auction at 3990000yen(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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