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Property information

House: Miyako, Iwate

Asset type
House
Yield
5.4%
Rank
★★☆☆☆
Bid deadline is 2026/01/27

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Base bid price 22,700,000yen
You can bid above 18,160,000yen

Location

Location Miyako, Iwate
Traffic access on report(japanese) JR山田線「千徳」駅 南西方 道路距離 約1,670m 最寄バス停「田鎖」 北西方 約800m(徒歩約10分) 
Reference(japanese) JR山田線 花原市駅 東方 2.89km

Property data

Type Land
Property number 1
Address 宮古市田鎖第1地割 2番5
Building number
Registered category Residential land
Actual category
Registered area 1306.86m2
Actual area
Zoning Undesignated in urban plan area
Usage
Building to land ratio 70%
Floor area ratio 200%
Type Building
Property number 2
Address 宮古市田鎖第1地割 2番地5
Building number 2-5
Registered type Residence
Actual
Registered structure WoodenAlloyplatingsteel sheet roofed2story building
Actual Wood・Lightsteel structuredAlloyplatingsteel sheet roofed2story building
Registered floor area 1F 69.71m2,2F 52.99m2
Actual
Layout Others
Land right Ownership
Occupant debtor・owner
Year/month built 2023/01

Numerical data

Base bid price 22,700,000yen Area 122㎡
Cap rate 5.4%
Gross yield 7.4%
Lease demand 11 / 25pt Minimum bid price 18,160,000yen
Ratio of years passed
to depreciable years
8% Earnest money deposit 4,540,000yen

Court data

Case number 2025(M)6 Result 2026/01/29
Court Morioka District Court(Miyako) Start of viewing 2025/12/19
Sale type Sealed bid auction (1 times) Bid period 2026/01/20 ~ 2026/01/27
Sale decision 2026/02/12
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Analysis data

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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 22700000yen in court auction is the same as buying the asset out of court auction at 21120000yen(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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