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[Assessed 107.2%] Land in Suginami Ward, Tokyo — 9 min from Shimo-Igusa Sta.
Listing endedAssessed 107.2%LandSuginami Ward, TokyoShimo-Igusa Sta. 9 min walk

[Assessed 107.2%] Land in Suginami Ward, Tokyo — 9 min from Shimo-Igusa Sta.

Published: Aug 7, 2026Updated: Aug 25, 2026

Property Overview

LocationSuginami Ward, Tokyo
Nearest StationSeibu Shinjuku Line Shimo-Igusa Sta.
Walk9 min walk
Assessed Ratio107.2%Assessed 107.2%
Price¥59,800,000
TypeLand
Land Area185.73㎡

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.

SUUMO¥59,800,000View listing

Assessed Value Breakdown

Land assessed value¥64,095,300
Building assessed value-
Total assessed value¥64,095,300
Asking price¥59,800,000
Assessed ratio107.2%

Calculation basis

  • Land assessed value was entered manually by the operator.

Official Road Price Trend (last 3 years)

Cumulative change 2024 → 2026: +10.8%
YearRoad price (JPY/m²)YoY
2024370,000
2025390,000+5.4%
2026410,000+5.1%

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 read the dimensions of the access strip off the plot drawing to derive the effective land area, then checked the approach from photos.

Effective land area

From the surveyed 185.73 m² we deducted a 29.40 m² access strip, valuing the land on 156.33 m². The strip works out to 2.0 m wide by about 14.7 m long from the dimensions on the plot drawing, and a pixel measurement of the same drawing gives roughly 31 m² of strip against 155 m² of main plot. The drawing labels the whole 185.73 m² as effective land area, but that is the seller stating there is no private-road burden — it still includes the access strip, so we deducted it separately.

Locating the road price

The coordinates in the listing HTML and the distances to nearby facilities place the property in Igusa 1-chome north of Shimo-Igusa Station, on sheet 43007. We used the most common block-street value of ¥410,000/m², excluding the ¥480,000/m² along the Seibu Shinjuku Line and the ¥530,000–710,000/m² arterial figures.

View source
On-site check from photos

We examined four site photos, three including the frontage road, and the plot drawing. The 7.2 m public road to the south is flat asphalt with no step. The access strip is entirely level ground under weed-control sheeting, running flush with the road with no stair or step. The boundary is cast concrete of about 0.5–0.8 m, and the decorative block wall about 0.8–1.2 m.

Rights and restrictions

The 2.0 m frontage meets the Article 43 requirement, and there is no restriction on rebuilding. Even at the full 100% floor area ratio the buildable floor area is about 186 m², below the threshold of Article 5 of the Tokyo Building Safety Ordinance.

What We Could Not Confirm

  • As a flagpole plot, the treatment of the access strip needs care in any building plan. The strip dimensions used for the effective land area are those stated on the plot drawing.

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

Seiyu Shimo-Igusa Store
1 min walk from the station

A supermarket about a 1-minute walk from the south exit of Shimo-Igusa Station. Open year-round with 18 parking spaces. 690 m from the property.

Source
OK Shimo-Igusa Store
5 min walk from the station

A discount supermarket in the Shimo-Igusa area.

Source

Neighborhood ② Dining Near the Station

Summit Iogi Ekimae Store
15 min walk from the station

A supermarket in front of Iogi Station, also carrying prepared dishes. Convenient when using Iogi, the third of the nearby stations.

Source

About This Property

A plot of land for sale in Igusa 1-chome, Suginami Ward, a 9-minute walk from Shimo-Igusa Station on the Seibu Shinjuku Line. Fujimidai Station on the Seibu Ikebukuro Line and Iogi Station on the Seibu Shinjuku Line are both 15 minutes on foot, and the Seibu Shinjuku Line reaches Takadanobaba and Shinjuku in around 20 minutes. Shopping is well covered, starting with the Seiyu just outside the station's south exit.

The land is a vacant 185.73 sqm (surveyed, about 56 tsubo), held in freehold with no building conditions and no private-road burden. It is a flagpole plot fronting a 7.2 m public road to the south with 2.0 m of frontage, the flagpole portion measuring 2.0 m by about 14.7 m. It sits in a quiet residential area zoned Category I Low-Rise Exclusive Residential, with a 50% building coverage ratio and a 100% floor area ratio.

The inheritance-tax roadside land value for the frontage is 410,000 yen/sqm. Calculating on the effective site of 156.33 sqm after excluding the 29.40 sqm flagpole portion, the land assesses at roughly 64.10 million yen, or 107.2% of the 59.80 million yen asking price. The roadside value has risen three years running from 370,000 yen in 2024 (up 10.8% in total).

A vacant plot in Suginami Ward where, flagpole shape notwithstanding, the effective site alone puts the assessed value above the price. Please check the listing page for details.

Estimated Financing

Assessed value ¥64,095,300 → estimated loan ¥59,800,000 (100% of the asking price)

Actual loan availability, amounts and terms are subject to each bank's screening.

Suggested Lenders

関西みらい銀行
Regional bankAssessed-value focusedStrong with lands
土地から新築OK。 築古過ぎず、好立地で積算割合が高く、キャッシュフローが回る物件であれば、検討対象となる。 産休中はNG。 築古過ぎる場合は、信用金庫・信用組合のセゾンファンデックス保証付の不動産担保ローンが適す。
滋賀銀行
Regional bankAssessed-value focusedStrong with lands
土地から新築OK。 好立地で積算割合が高く、キャッシュフローが回る物件であれば、検討対象となる。 但し、産休中はNG。
信用金庫・信用組合のセゾンファンデックス保証付の不動産担保融資
Shinkin bankAssessed-value focusedStrong with lands
築古でも可。 築年数は問わず、土地の積算さえ出ていれば、20年程度の期間で融資してくれるケースが多い。 但し、立地が良くないと、担保評価が付かず取扱不可となる。 新築や築浅に関しても、建物の価値を適切に判断してくれる為、やりやすい。

General tendencies of lenders covering this area, for information only. This does not guarantee or suggest any specific financing outcome.

Listing endedThe listing for this property has ended. The information reflects the time of listing and the property is no longer available.
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