[Assessed 113.1%] Apartment building in Kohoku Ward, Yokohama — 19 min from Kozukue Sta.
Property Overview
| Location | Kohoku Ward, Yokohama, Kanagawa |
| Nearest Station | JR Yokohama Line Kozukue Sta. |
| Walk | 19 min walk |
| Assessed Ratio | 113.1%Assessed 113.1% |
| Price | ¥88,300,000 |
| Type | Apartment building |
| Expected Yield | 4% |
| Structure | Wooden |
| Built | Built Mar 2000 (26 years old) |
| Land Area | 624.44㎡ |
| Building Area | 141.59㎡ |
Where This Property Is Listed
This property appears on the sites below. Listings matching on location, land area and building area are merged into a single article as the same property.
| athome | ¥88,300,000View listing |
Assessed Value Breakdown
| Land assessed value | ¥99,910,400 |
| Building assessed value | ¥0 |
| Total assessed value | ¥99,910,400 |
| Asking price | ¥88,300,000 |
| Assessed ratio | 113.1% |
Calculation basis
- Land = road price ¥160,000/m² × land area 624.44m²
- Building = replacement cost ¥220,000/m² × floor area 141.59m² × remaining life 0y ÷ statutory life 22y
- Built Mar 2000 (26 years old)
Official Road Price Trend (last 3 years)
Cumulative change 2024 → 2026: +3.2%| Year | Road price (JPY/m²) | YoY |
|---|---|---|
| 2024 | 155,000 | — |
| 2025 | 160,000 | +3.2% |
| 2026 | 160,000 | ±0.0% |
※ Based on inheritance-tax road prices published each July — a reference for the trend in land collateral value.
How We Checked This Property
Rather than reproducing the listing as-is, we built the land and building valuations from the road price and the building age, and checked three years of road price history.
What We Could Not Confirm
- We did not retain the sheet number of the road price map consulted when the article was written, so no source link is shown for the road price.
- We have no record of checking the frontage road or approach from listing photos, so we recommend confirming retaining walls and level differences on site.
※ Rather than reproducing the listing as-is, we verified the figures against public sources such as the official road price maps and the listing photos. This is not based on a site visit, so please confirm on site and with the seller before deciding.
Neighborhood ① Shopping Near the Station
Neighborhood ② Dining Near the Station
About This Property
A two-storey wooden apartment building in Kozukue-cho, Kohoku Ward, Yokohama, a 19-minute walk from Kozukue Station on the JR Yokohama Line. In front of the station are the 24-hour Supermarket Ricos Kozukue Ekimae store and a mini Piago, with the Kozukue shopping street running from there. Shin-Yokohama Station is reachable by bus.
Built in March 2000, the property has six 1K units aimed at single occupants and is currently tenanted under a sublease agreement. The gross yield is 4.00% and projected annual rental income is 3.5343 million yen. Its defining feature is the size of the land: 624.44 sqm against a building of just 141.59 sqm. Zoned Category I Residential (60% building coverage, 160% floor area ratio), only about 23% of the permitted floor area is used, leaving substantial room for future rebuilding or extension.
On the assessment side, the inheritance-tax roadside land value for Kozukue-cho is 160,000 yen/sqm for 2026 (a conservative representative point, up 3.2% over three years). The land assesses at roughly 99.91 million yen. At 26 years old the building has passed the 22-year statutory useful life for wooden construction, so it assesses at zero, giving a total of about 99.91 million yen. Against the 88.30 million yen asking price the assessed ratio is 113.1% — the land alone exceeds the price.
Points to confirm are the terms and cancellation conditions of the sublease agreement, and the breakdown of the land area, which the listing does not give. Please check the source listing for details.
Estimated Financing
Suggested Lenders
※ General tendencies of lenders covering this area, for information only. This does not guarantee or suggest any specific financing outcome.
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