[Assessed 87.8%] Apartment building in Aoba Ward, Yokohama, Kanagawa — 10 min from Fujigaoka Sta.
Property Overview
| Location | Aoba Ward, Yokohama, Kanagawa |
| Nearest Station | Tokyu Den-en-toshi Line Fujigaoka Sta. |
| Walk | 10 min walk |
| Assessed Ratio | 87.8%Assessed 87.8% |
| Price | ¥83,000,000 |
| Type | Apartment building |
| Expected Yield | 5.38% |
| Structure | Wooden |
| Built | Built Sep 1991 (35 years old) |
| Land Area | 331.39㎡ |
| Building Area | 178.86㎡ |
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.
| Rakumachi | ¥83,000,000View listing |
| Kenbiya | ¥83,000,000View listing |
Assessed Value Breakdown
| Land assessed value | ¥72,905,800 |
| Building assessed value | ¥0 |
| Total assessed value | ¥72,905,800 |
| Asking price | ¥83,000,000 |
| Assessed ratio | 87.8% |
Calculation basis
- Land = road price ¥220,000/m² × land area 331.39m²
- Building = replacement cost ¥220,000/m² × floor area 178.86m² × remaining life 0y ÷ statutory life 22y
- Built Sep 1991 (35 years old)
Official Road Price Trend (last 3 years)
Cumulative change 2024 → 2026: +2.3%| Year | Road price (JPY/m²) | YoY |
|---|---|---|
| 2024 | 215,000 | — |
| 2025 | 220,000 | +2.3% |
| 2026 | 220,000 | ±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 back-calculated the property's position on the map from the listed distances to nearby facilities, and took the conservative end of the road price band.
What We Could Not Confirm
- There is no photo taken square-on to the 4.0 m public road to the north, so any level difference at the approach cannot be settled from photographs alone. Aoba Ward is hilly, so we recommend confirming on site.
- With a 50% building coverage and 80% floor area ratio, a rebuild could be smaller than the current structure.
※ 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
An apartment building in Fujigaoka 1-chome, Aoba Ward, Yokohama, Kanagawa, a 10-minute walk from Fujigaoka Station on the Tokyu Den-en-toshi Line. My Basket Fujigaoka 1-chome is 408 m away and Showa University Fujigaoka Hospital 532 m, putting amenities close at hand. It is a residential area zoned Category I Low-Rise Exclusive Residential, and the seller describes the walk to the station as flat.
Built in September 1991, the building is wooden and two storeys with six units, each a uniform 29.81 sqm. The land is 331.39 sqm (about 100 tsubo) and the total floor area 178.86 sqm. It is fully occupied as an owner-change sale, with a full-occupancy yield of 5.13% and full-occupancy annual income of 4.466 million yen. It fronts a 4.0 m public road to the north with no private-road burden, and the land is held in freehold.
The 2026 inheritance-tax roadside land value is 220,000 yen/sqm, putting the land assessment at roughly 72.91 million yen. Built in 1991 the building is 34 years old, beyond the 22-year statutory useful life for wooden construction, so it assesses at zero. The assessed value is therefore land only at about 72.91 million yen, or 83.8% of the 87 million yen asking price. The roadside value has risen 2.3% in three years from 215,000 yen/sqm in 2024.
Even valuing the building at zero, land alone takes the assessed value past 80% of the price. In a Category I Low-Rise Exclusive Residential zone with a 50% building coverage and 80% floor area ratio, the roughly 100 tsubo of land against 178.86 sqm of floor area leaves the site comfortably open. Site photographs show the plot and neighbouring ground are at much the same level, with no retaining wall or step.
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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