printout House: Minamata, Kumamoto

Asset type
House
Yield
70%以上
Rank
★☆☆☆☆
To the bid due17 days left

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Property URL

Base bid price 1,455,300yen You can bid above 1,164,240yen
To the bid due 17 days left

Location

Location Minamata, Kumamoto
Traffic access on report(japanese) 最寄バス停「日新町」 西方 約80m(徒歩約1分)
Reference(japanese) 肥薩おれんじ鉄道線 水俣駅 北東方 1.03km 九州新幹線 新水俣駅 西方 2.34km

Property data

Type Land Property number 1
Registered category Residential land Actual category -
Registered area 155.94m2 Actual area -
Zoning Commercial Usage -
Building to land ratio 80% Floor area ratio 400%
Type Building Property number 2
Building number 223-
Registered type Residence Actual -
Registered structure WoodenTile roofed2F building Actual -
Registered floor area 1F 59.50m2,2F 39.66m2 Actual 1F ca.132m2,2F ca.99m2
Layout Others Land right Ownership
Occupant Yes Year/month built -

Numerical data

Cap rate 70%以上 Area 231㎡
Gross yield 96%以上 Base bid price 1,455,300yen
Lease demand 1 / 25pt Minimum bid price 1,164,240yen
Ratio of years passed
to depreciable years
150% Earnest money deposit 291,060yen

Court data

Case number 2023(M)1 Announced 2024/06/27
Court Kumamoto District Court (Yatsushiro) Start of viewing 2024/06/27
Sale type Sealed bid auction (3 times) Bid period 2024/07/11 ~ 2024/07/18
Farm land - Result 2024/07/25
Sale decision 2024/08/08 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 1455300yen in court auction is the same as buying the asset out of court auction at 1350000yen(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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