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Property information

House: Miyako, Iwate

Asset type
House
Yield
70% or more
Rank
★★☆☆☆
Bid deadline is 2026/01/27

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Base bid price 560,000yen
You can bid above 448,000yen

Location

Location Miyako, Iwate
Traffic access on report(japanese) JR山田線「宮古」駅 北方 約400m(道路距離) 岩手県北バス「保久田」停留所 南西方 約120m(徒歩2分) 
Reference(japanese) 三陸鉄道リアス線 宮古駅 北方 0.34km

Property data

Type Building
Property number 4
Address 宮古市和見町 1番地1
Building number 1-1
Registered type Residence・Factory
Actual Workshop・Residence
Registered structure WoodenZinc-coated steel sheetroofed2story building
Actual
Registered floor area 1F 127.87m2,2F 19.87m2
Actual 1F ca.141.0m2
Layout Others
Land right Land lease
Occupant debtor・owner
Year/month built 1962/04

Numerical data

Base bid price 560,000yen Area 160㎡
Cap rate 70% or more
Gross yield 96% or more
Lease demand 12 / 25pt Minimum bid price 448,000yen
Ratio of years passed
to depreciable years
286% Earnest money deposit 112,000yen

Court data

Case number 2025(M)2 Result 2026/01/29
Court Morioka District Court(Miyako) Start of viewing 2025/12/19
Sale type Sealed bid auction (2 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 560000yen in court auction is the same as buying the asset out of court auction at 520000yen(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」.

Bid simulation

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