![[Assessed 89.3%] Apartment building in Narashino, Chiba — 15 min from Yachiyodai Sta.](https://www.kenbiya.com/upload/p4485/4485741/1785683318029-1.jpg)
[Assessed 89.3%] Apartment building in Narashino, Chiba — 15 min from Yachiyodai Sta.
Property Overview
| Location | Narashino, Chiba |
| Nearest Station | Keisei Main Line Yachiyodai Sta. |
| Walk | 15 min walk |
| Assessed Ratio | 89.3%Assessed 89.3% |
| Price | ¥78,800,000 |
| Type | Apartment building |
| Expected Yield | 7.48% |
| Structure | Heavy steel frame |
| Built | Built Nov 2000 (25 years old) |
| Land Area | 481.25㎡ |
| Building Area | 383.43㎡ |
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.
| Kenbiya | ¥78,800,000View listing |
| Rakumachi | ¥78,800,000View listing |
Assessed Value Breakdown
| Land assessed value | ¥39,943,750 |
| Building assessed value | ¥30,448,853 |
| Total assessed value | ¥70,392,603 |
| Asking price | ¥78,800,000 |
| Assessed ratio | 89.3% |
Calculation basis
- Land = road price ¥83,000/m² × land area 481.25m²
- Building = replacement cost ¥300,000/m² × floor area 383.43m² × remaining life 9y ÷ statutory life 34y
- Built Nov 2000 (25 years old)
Official Road Price Trend (last 3 years)
Cumulative change 2024 → 2026: +5.1%| Year | Road price (JPY/m²) | YoY |
|---|---|---|
| 2024 | 79,000 | — |
| 2025 | 81,000 | +2.5% |
| 2026 | 83,000 | +2.5% |
※ 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 counted the distribution of road prices within the district on the FY2026 map and reviewed the listing photos at full resolution.
What We Could Not Confirm
- The listing's "unit floor area: 1–2 m²" is plainly a data entry error, and the remarks note that unit areas are unknown. We adopted the layout given in the remarks — four 2LDK units plus one 4SLDK — but the actual unit areas need to be confirmed.
※ 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 whole apartment building for sale in Higashi-Narashino 8-chome, Narashino City, Chiba, a 15-minute walk from Yachiyodai Station on the Keisei Main Line. Kasumi Food Square Higashi-Narashino is in the same Higashi-Narashino area and covers everyday shopping. It sits in a Category I Residential zone, and the listing explicitly notes the terrain as flat.
Built in November 2000, the building is steel-frame and three storeys with five units: four 2LDK and one 4SLDK. Dividing the 383.43 sqm of total floor area across five units gives roughly 77 sqm each, a family-sized configuration. The land is 481.25 sqm (surveyed). It is fully occupied, with a full-occupancy yield of 8.00% and full-occupancy annual income of 6.3048 million yen. It fronts a 4 m public road to the east with 24.5 m of frontage and carries no private-road burden.
The 2026 inheritance-tax roadside land value is 83,000 yen/sqm, putting the land assessment at roughly 39.94 million yen. The building is calculated at the heavy-gauge steel replacement unit price of 300,000 yen/sqm over a 34-year statutory useful life; at 25 years old with 9 remaining it comes to roughly 30.45 million yen. The total assessed value is about 70.39 million yen, or 89.3% of the 78.80 million yen asking price. The roadside value has risen 5.1% in three years from 79,000 yen/sqm in 2024.
Even at 25 years old, heavy-gauge steel still has 9 years left against its 34-year statutory life, and the building accounts for 43% of the assessed value. Five units on 145 tsubo of land leaves the site comfortably open, and parking is provided. Site photographs show the frontage road runs completely flat into the surface parking, 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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