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Property information

House: Hofu, Yamaguchi

Asset type
House
Yield
23.6%
Rank
★★★☆☆
Bid deadline is 2026/02/12

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Base bid price 5,117,000yen
You can bid above 4,093,600yen

Location

Location Hofu, Yamaguchi
Traffic access on report(japanese) JR山陽本線「防府」駅 北東方 道路距離 約3.4km 

Property data

Type Land
Property number 1
Address 防府市大字牟礼字寺山 10987番114
Building number
Registered category Residential land
Actual category
Registered area 243.66m2
Actual area
Zoning Low residential Class I
Usage
Building to land ratio 50%
Floor area ratio 80%
Type Land
Property number 2
Address 防府市岩畠二丁目 987番93
Building number
Registered category Residential land
Actual category
Registered area 42.45m2
Actual area
Zoning Low residential Class I
Usage
Building to land ratio 50%
Floor area ratio 80%
Type Building
Property number 3
Address 防府市大字牟礼字寺山10987番地114
Building number 10987-114
Registered type Residence
Actual
Registered structure WoodenSlate roofed2story building
Actual
Registered floor area 1F 75.00m2,2F 75.00m2
Actual
Layout Others
Land right Ownership
Occupant Yes
Year/month built 2005/04

Numerical data

Base bid price 5,117,000yen Area 150㎡
Cap rate 23.6%
Gross yield 32.5%
Lease demand 12 / 25pt Minimum bid price 4,093,600yen
Ratio of years passed
to depreciable years
90% Earnest money deposit 1,023,400yen

Court data

Case number 2024(M)87 Result 2026/02/17
Court Yamaguchi District Court(Main) Start of viewing 2026/01/14
Sale type Sealed bid auction (2 times) Bid period 2026/02/04 ~ 2026/02/12
Sale decision 2026/03/10
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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 5117000yen in court auction is the same as buying the asset out of court auction at 4760000yen(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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