printout House: Matsuyama, Ehime

Asset type
House
Yield
7.4%
Rank
★★☆☆☆
Bid period ended

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Base bid price 13,000,000yen You could bid above 10,400,000yen
Bid period ended

Results

Court classification House Sale price 25,252,000yen
Bid opening Sale Number of bidders 18
Winner qualification Corporation

Location

Location Matsuyama, Ehime
Traffic access on report(japanese) 伊予鉄道郡中線「余戸」駅 北西方 道路距離 約2.1km 最寄バス停「西側」 南方 約250m(徒歩約4分)
Reference(japanese) 伊予鉄道郡中線 土居田駅 北西方 1.61km 伊予鉄道高浜線 西衣山駅 南方 2.29km JR予讃・内子線 松山駅 南西方 2.36km

Property data

Type Land Property number 1
Registered category Residential land Actual category -
Registered area 131.45m2 Actual area -
Zoning Semi-industrial Usage -
Building to land ratio 60% Floor area ratio 200%
Type Building Property number 2
Building number 653-15
Registered type Residence Actual -
Registered structure WoodenAlloyplatingsteel sheet roofed2F building Actual -
Registered floor area 1F 52.99m2,2F 47.20m2 Actual -
Layout Others Land right Ownership
Occupant Yes Year/month built 2019/05

Numerical data

Cap rate 7.4% Area 100㎡
Gross yield 10.2% Base bid price 13,000,000yen
Lease demand 13 / 25pt Minimum bid price 10,400,000yen
Ratio of years passed
to depreciable years
18% Earnest money deposit 2,600,000yen

Court data

Case number 2023(M)102 Announced 2024/03/14
Court Matsuyama District Court (Main) Start of viewing 2024/03/14
Sale type Sealed bid auction (1 times) Bid period 2024/04/04 ~ 2024/04/11
Farm land - Result 2024/04/18
Sale decision 2024/05/09 Special sale 2024/04/19 ~ 2024/04/22

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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 13000000yen in court auction is the same as buying the asset out of court auction at 12090000yen(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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