![[Assessed 111.9%] Apartment building in Edogawa Ward, Tokyo — 13 min from Koiwa Sta.](https://www.kenbiya.com/upload/p4641/4641213/1786245323422-1.jpg)
[Assessed 111.9%] Apartment building in Edogawa Ward, Tokyo — 13 min from Koiwa Sta.
Property Overview
| Location | Edogawa Ward, Tokyo |
| Nearest Station | JR Sobu Line Koiwa Sta. |
| Walk | 13 min walk |
| Assessed Ratio | 111.9%Assessed 111.9% |
| Price | ¥47,800,000 |
| Type | Apartment building |
| Expected Yield | 5.97% |
| Structure | Wooden |
| Built | Built Feb 1989 (37 years old) |
| Land Area | 162.07㎡ |
| Building Area | 104.1㎡ |
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 | ¥47,800,000View listing |
Assessed Value Breakdown
| Land assessed value | ¥53,483,100 |
| Building assessed value | ¥0 |
| Total assessed value | ¥53,483,100 |
| Asking price | ¥47,800,000 |
| Assessed ratio | 111.9% |
Calculation basis
- Land = road price ¥330,000/m² × land area 162.07m²
- Building = replacement cost ¥220,000/m² × floor area 104.1m² × remaining life 0y ÷ statutory life 22y
- Built Feb 1989 (37 years old)
Official Road Price Trend (last 3 years)
Cumulative change 2024 → 2026: +13.8%| Year | Road price (JPY/m²) | YoY |
|---|---|---|
| 2024 | 290,000 | — |
| 2025 | 310,000 | +6.9% |
| 2026 | 330,000 | +6.5% |
※ Based on inheritance-tax road prices published each July — a reference for the trend in land collateral value.
Neighborhood ① Shopping Near the Station
About This Property
An apartment building in Higashi-Koiwa, Edogawa Ward, a 13-minute walk from Koiwa Station on the JR Sobu Line. Shapo Koiwa, directly connected to the station (10:00-21:00), houses fresh-food and deli shops, with Ito-Yokado Koiwa and a Gyomu Super near the station as well. Akihabara is about 20 minutes away on the Sobu Line.
The building is wood-frame, two storeys, with four 1K units and 104.1 sqm of total floor area, built in February 1989. The land is 162.07 sqm (49.02 tsubo) of regular-shaped ground held in freehold, zoned Category I Residential (60% building coverage, 200% floor area ratio). It is currently tenanted with a full-occupancy yield of 5.97%. Photographs show no step between the frontage road and the site, and no retaining wall or stepped access.
The inheritance-tax roadside land value is 330,000 yen/sqm. At 37 years old the wooden building is past its statutory useful life, so the building assesses at zero and the land alone gives about 53.48 million yen — 111.9% of the 47.80 million yen asking price. The roadside value has risen three years running from 290,000 yen in 2024 (up 13.8% in total).
An eastern-Tokyo apartment building where the land value exceeds the asking price. Please review the research notes below.
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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