printout Land: Kiryu, Gunma

Asset type
Land
Yield
-
Rank
☆☆☆☆☆
Bid period ended

Property image

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Property URL

Base bid price 1,140,000yen You could bid above 912,000yen
Bid period ended

Results

Court classification Land Sale price 920,000yen
Bid opening Sale Number of bidders 1
Winner qualification Individual

Location

Location Kiryu, Gunma
Traffic access on report(japanese) JR両毛線 桐生駅 北西方 道路距離 約2.3km
Reference(japanese) 上毛電気鉄道上毛線 丸山下駅 北西方 0.38km わたらせ渓谷鐵道わたらせ渓谷線 下新田駅 北方 1.18km

Property data

Type Land Property number 2
Registered category Residential land Actual category -
Registered area 189.66m2 Actual area -
Zoning Low residential Class I Usage vacant lot
Building to land ratio 40% Floor area ratio 80%

Numerical data

Cap rate - Area 189㎡
Gross yield - Base bid price 1,140,000yen
Lease demand 4 / 25pt Minimum bid price 912,000yen
Ratio of years passed
to depreciable years
0% Earnest money deposit 228,000yen

Court data

Case number 2023(M)17 Announced 2024/03/14
Court Maebashi District Court (Kiryu) Start of viewing 2024/03/14
Sale type Sealed bid auction (1 times) Bid period 2024/04/11 ~ 2024/04/18
Farm land - Result 2024/04/25
Sale decision 2024/05/16 Special sale 2024/05/02 ~ 2024/05/02

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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 1140000yen in court auction is the same as buying the asset out of court auction at 1060000yen(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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Simulate the total cost of acquisition

Bid 0,000yen Support service 0,000yen
Registration tax 0,000yen Liabilities 0,000yen
Eviction etc. 0,000yen Renovations 0,000yen
Others 0,000yen
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Total cost of acquisition 0,000yen

Simulate return from the asset

Rental income 0,000yen Upkeep costs 0,000yen
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Projected yield %