printout House: Hitoyoshi, Kumamoto

Asset type
House
Yield
39.6%
Rank
★☆☆☆☆
Bid period ended

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Property URL

Base bid price 1,680,000yen You could bid above 1,344,000yen
Bid period ended

Results

Court classification House Sale price 3,882,000yen
Bid opening Sale Number of bidders 13
Winner qualification Corporation

Location

Location Hitoyoshi, Kumamoto
Traffic access on report(japanese) JR肥薩線「人吉」駅 北西方 道路距離 約3.4km くま川鉄道「人吉温泉」駅 北西方 道路距離 約3.4km 最寄バス停「上林町」 南西方 道路距離 約550m(徒歩約7分)
Reference(japanese) -

Property data

Type Land Property number 1
Registered category Residential land Actual category -
Registered area 366.71m2 Actual area -
Zoning Industrial Usage -
Building to land ratio 60% Floor area ratio 200%
Type Building Property number 2
Building number 1474-1
Registered type Residence Actual -
Registered structure WoodenCement tile roofedroofed2F building Actual -
Registered floor area 1F 82.12m2,2F 19.85m2 Actual -
Layout Others Land right Ownership
Occupant debtor・owner Year/month built 1990/05

Numerical data

Cap rate 39.6% Area 101㎡
Gross yield 54.5% Base bid price 1,680,000yen
Lease demand 1 / 25pt Minimum bid price 1,344,000yen
Ratio of years passed
to depreciable years
150% Earnest money deposit 336,000yen

Court data

Case number 2023(M)5 Announced 2024/03/26
Court Kumamoto District Court (Hitoyoshi) Start of viewing 2024/03/26
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 -

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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 1680000yen in court auction is the same as buying the asset out of court auction at 1560000yen(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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