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Property information

House: Shingu, Wakayama

Asset type
House
Yield
6.6%
Rank
☆☆☆☆☆
Bid deadline is 2026/02/19

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Base bid price 15,880,000yen
You can bid above 12,704,000yen

Location

Location Shingu, Wakayama
Traffic access on report(japanese) JR紀勢本線「紀伊佐野」駅 北東方 道路距離 約1km 
Reference(japanese) JR紀勢本線 三輪崎駅 南西方 0.94km

Property data

Type Land
Property number 1
Address 和歌山県新宮市佐野一丁目 24番
Building number
Registered category Residential land
Actual category
Registered area 218.18m2
Actual area
Zoning Residential Class I Semi-residential
Usage
Building to land ratio 60% 60%
Floor area ratio 200% 200%
Type Building
Property number 2
Address 和歌山県新宮市佐野一丁目24番地
Building number 24-
Registered type Residence
Actual Apartment
Registered structure WoodenTile roofed2story building
Actual
Registered floor area 1F 63.00m2,2F 63.00m2
Actual 1F ca.83.00m2,2F 63.00m2
Layout Others
Land right Ownership
Occupant debtor・owner
Year/month built 1966/06
Type Land
Property number 3
Address 和歌山県新宮市佐野一丁目 25番1
Building number
Registered category Residential land
Actual category
Registered area 184.38m2
Actual area
Zoning Residential Class I Semi-residential
Usage
Building to land ratio 60% 60%
Floor area ratio 200% 200%
Type Building
Property number 4
Address 和歌山県新宮市佐野一丁目25番地1
Building number 25-1
Registered type Apartment
Actual
Registered structure WoodenTile roofed2story building
Actual
Registered floor area 1F 84.30m2,2F 84.30m2
Actual
Layout Others
Land right Ownership
Occupant Yes
Year/month built 1987/07
Type Land
Property number 5
Address 和歌山県新宮市佐野一丁目 26番6
Building number
Registered category Residential land
Actual category
Registered area 67.16m2
Actual area
Zoning Residential Class I Semi-residential
Usage
Building to land ratio 60% 60%
Floor area ratio 200% 200%
Type Land
Property number 6
Address 和歌山県新宮市佐野一丁目 5番
Building number
Registered category Residential land
Actual category
Registered area 462.80m2
Actual area
Zoning Residential Class I Semi-residential
Usage
Building to land ratio 60% 60%
Floor area ratio 200% 200%
Type Land
Property number 7
Address 和歌山県新宮市佐野一丁目 6番1
Building number
Registered category Residential land
Actual category
Registered area 246.31m2
Actual area
Zoning Residential Class I Semi-residential
Usage
Building to land ratio 60% 60%
Floor area ratio 200% 200%
Type Land
Property number 8
Address 和歌山県新宮市佐野一丁目 18番2
Building number
Registered category Residential land
Actual category
Registered area 207.06m2
Actual area
Zoning Residential Class I Semi-residential
Usage
Building to land ratio 60% 60%
Floor area ratio 200% 200%
Type Building
Property number 9
Address 和歌山県新宮市佐野一丁目5番地、6番地1、18番地2
Building number 5-2
Registered type Residence
Actual
Registered structure WoodenTile roofedOne-story
Actual WoodenTile・Slate-roofedroofedOne-story
Registered floor area 152.30m2
Actual ca.163.30m2
Layout Others
Land right Ownership
Occupant debtor・owner
Year/month built 1976/08

Numerical data

Base bid price 15,880,000yen Area 146㎡
Cap rate 6.6%
Gross yield 9.1%
Lease demand 4 / 25pt Minimum bid price 12,704,000yen
Ratio of years passed
to depreciable years
220% Earnest money deposit 3,176,000yen

Court data

Case number 2024(M)5 Result 2026/02/26
Court Wakayama District Court(Shingu) Start of viewing 2026/01/15
Sale type Sealed bid auction (2 times) Bid period 2026/02/12 ~ 2026/02/19
Sale decision 2026/03/19
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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 15880000yen in court auction is the same as buying the asset out of court auction at 14770000yen(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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