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Property information

House: Ibusuki, Kagoshima

Asset type
House
Yield
70% or more
Rank
★★☆☆☆
Bid deadline is 2026/01/21

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Base bid price 1,880,000yen
You can bid above 1,504,000yen

Location

Location Ibusuki, Kagoshima
Traffic access on report(japanese) JR指宿枕崎線「大山」駅 北方 約0.7km(直線距離) 
Reference(japanese) JR指宿枕崎線 西大山駅 北東方 2.27km

Property data

Type Land
Property number 1
Address 指宿市山川大山字中村 3329番1
Building number
Registered category Residential land
Actual category
Registered area 204.04m2
Actual area
Zoning Undesignated in urban plan area
Usage
Building to land ratio 70%
Floor area ratio 400%
Type Land
Property number 2
Address 指宿市山川大山字中村 3329番5
Building number
Registered category Residential land
Actual category
Registered area 119.24m2
Actual area
Zoning Undesignated in urban plan area
Usage
Building to land ratio 70%
Floor area ratio 400%
Type Building
Property number 3
Address 指宿市山川大山字中村3329番地1
Building number 3329-1
Registered type Residence・Shop
Actual Residence・Warehouse
Registered structure SteelConcrete・steel structuredFlat-roofed・Slate-roofedroofed2story building
Actual
Registered floor area 1F 261.62m2,2F 139.87m2
Actual 1F ca.165m2,2F ca.92.75m2
Layout Others
Land right Ownership
Occupant Yes
Year/month built 1971/08

Numerical data

Base bid price 1,880,000yen Area 257㎡
Cap rate 70% or more
Gross yield 96% or more
Lease demand 4 / 25pt Minimum bid price 1,504,000yen
Ratio of years passed
to depreciable years
114% Earnest money deposit 376,000yen

Court data

Case number 2025(M)43 Result 2026/01/28
Court Kagoshima District Court(Main) Start of viewing 2025/12/23
Sale type Sealed bid auction (1 times) Bid period 2026/01/14 ~ 2026/01/21
Sale decision 2026/02/18
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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 1880000yen in court auction is the same as buying the asset out of court auction at 1750000yen(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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