![[Assessed 118.2%] Land in Katsushika Ward, Tokyo — 18 min from Shin-Koiwa Sta.](https://img01.suumo.com/jj/resizeImage?src=gazo%2Fbukken%2F030%2FN010000%2Fimg%2F757%2F21255757%2F21255757_0041.jpg&w=1200&h=900)
[Assessed 118.2%] Land in Katsushika Ward, Tokyo — 18 min from Shin-Koiwa Sta.
Property Overview
| Location | Katsushika Ward, Tokyo |
| Nearest Station | JR Sobu Line Shin-Koiwa Sta. |
| Walk | 18 min walk |
| Assessed Ratio | 118.2%Assessed 118.2% |
| Price | ¥56,800,000 |
| Type | Land |
| Land Area | 231.5㎡ |
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 | ¥56,800,000View listing |
| athome | ¥56,800,000View listing |
Assessed Value Breakdown
| Land assessed value | ¥67,135,000 |
| Building assessed value | - |
| Total assessed value | ¥67,135,000 |
| Asking price | ¥56,800,000 |
| Assessed ratio | 118.2% |
Calculation basis
- Land = road price ¥290,000/m² × land area 231.5m²
Official Road Price Trend (last 3 years)
Cumulative change 2024 → 2026: +13.7%| Year | Road price (JPY/m²) | YoY |
|---|---|---|
| 2024 | 255,000 | — |
| 2025 | 270,000 | +5.9% |
| 2026 | 290,000 | +7.4% |
※ 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 checked the full road-price band given the undisclosed chome, and confirmed the post-demolition state and approach from photos.
What We Could Not Confirm
- The listing describes the land as "with old house", but the site photos show it already demolished. Who bears the demolition cost and the handover terms (vacant land or as-is) should be confirmed.
- With the address disclosed only to the district, the road price is the district's most common value. Re-checking once the parcel is known would be ideal, though every band stays above 80%.
- At 18 minutes on foot from Shin-Koiwa Station the walk is on the long side; rental demand is worth assessing including the bus-service catchment.
※ 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 plot of land in Higashi-Shinkoiwa 4-chome, Katsushika Ward, an 18-minute walk from Shin-Koiwa Station on the JR Sobu Line. Shapo Shin-Koiwa by the station houses a Queen's Isetan and a Seijo Ishii, a 24-hour Seiyu stands nearby, and the rapid service reaches Tokyo Station in about 15 minutes.
The land is 231.5 sqm (70.02 tsubo, registry) held in freehold, with no private-road burden and no building conditions. It fronts a 6 m road to the north-east and is zoned Category I Residential (60% building coverage, 200% floor area ratio). The listing notes an old house, but site photographs show it already demolished and the ground cleared. The frontage road runs flat into the site, with no retaining wall or stepped access.
The inheritance-tax roadside land value is 290,000 yen/sqm. The land assesses at about 67.14 million yen — 118.2% of the 56.80 million yen asking price. At roughly 245,000 yen/sqm the unit price sits below the roadside value, which has risen three years running from 255,000 yen in 2024 (up 13.7% in total).
A regular-shaped plot of about 70 tsubo where the land value exceeds the 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.
More in This Area
![[Assessed 80.5%] Land in Higashimurayama, Tokyo — 13 min from Musashi-Yamato Sta.](https://img01.suumo.com/jj/resizeImage?src=gazo%2Fbukken%2F030%2FN010000%2Fimg%2F166%2F21685166%2F21685166_0004.jpg&w=1600)
[Assessed 80.5%] Land in Higashimurayama, Tokyo — 13 min from Musashi-Yamato Sta.
![[Assessed 80.6%] Land in Itabashi Ward, Tokyo — 9 min from Shimura-sanchome Sta.](https://toushi.homes.co.jp/upload/p4724/4724489/1789955593302-vyz.jpg)
[Assessed 80.6%] Land in Itabashi Ward, Tokyo — 9 min from Shimura-sanchome Sta.
![[Assessed 95.5%] Detached house in Hachioji, Tokyo — 20 min from Komiya Sta.](https://www.kenbiya.com/upload/p4723/4723825/1779785151266-1.jpg)