printout House: Higashi, Fukuoka, Fukuoka

Asset type
House
Yield
52.0%
Rank
★★★☆☆
Bid period ended

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Base bid price 810,000yen You could bid above 648,000yen
Bid period ended

Results

Court classification House Sale price 2,500,000yen
Bid opening Sale Number of bidders 4
Winner qualification Individual

Location

Location Higashi, Fukuoka, Fukuoka
Traffic access on report(japanese) JR香椎線「西戸崎」駅 北西方 約4.8km(直線距離) 西鉄バス「志賀島小学校前」停留所 南西方 約50m(直線距離)
Reference(japanese) -

Property data

Type Land Share sale Property number 1
Registered category Residential land Actual category -
Registered area 247.92m2 Actual area -
Zoning Preserved Usage -
Building to land ratio 70% Floor area ratio 200%
Share Quarter
Type Building Share sale Property number 2
Building number 1735-11
Registered type Residence Actual -
Registered structure Tiled roofed wooden 2 storey structure Actual -
Registered floor area 1F 107.65m2,2F 39.74m2 Actual 1F ca.109.65m2,2F ca.40.74m2
Layout 8DK Land right Ownership・Others
Occupant debtor・owner Year/month built 1982/08
Type Land Share sale Property number 3
Registered category Residential land Actual category -
Registered area 23.14m2 Actual area -
Zoning Preserved Usage -
Building to land ratio 70% Floor area ratio 200%
Share Quarter

Numerical data

Cap rate 52.0% Area 150㎡
Gross yield 71.5% Base bid price 810,000yen
Lease demand 14 / 25pt Minimum bid price 648,000yen
Ratio of years passed
to depreciable years
186% Earnest money deposit 162,000yen

Court data

Case number 2023(O)50 Announced 2024/03/26
Court Fukuoka District Court (Main) Start of viewing 2024/03/26
Sale type Sealed bid auction (1 times) Bid period 2024/04/10 ~ 2024/04/17
Farm land - Result 2024/04/23
Sale decision 2024/05/15 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 810000yen in court auction is the same as buying the asset out of court auction at 750000yen(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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