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[Assessed 129.8%] Detached House a 15-Minute Walk from Mizue Station, Edogawa, Tokyo
Listing endedAssessed 129.8%Detached houseEdogawa, TokyoMizue Sta. 15 min walk

[Assessed 129.8%] Detached House a 15-Minute Walk from Mizue Station, Edogawa, Tokyo

Published: Aug 11, 2026Updated: Sep 16, 2026

Property Overview

LocationEdogawa, Tokyo
Nearest StationToei Shinjuku Line Mizue Sta.
Walk15 min walk
Assessed Ratio129.8%Assessed 129.8%
Price¥8,900,000
TypeDetached house
Expected Yield10.78%
StructureWooden
BuiltBuilt May 1964 (62 years old)
Land Area43.6㎡
Building Area46.26㎡

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¥8,900,000View listing

Assessed Value Breakdown

Land assessed value¥11,554,000
Building assessed value¥0
Total assessed value¥11,554,000
Asking price¥8,900,000
Assessed ratio129.8%

Calculation basis

  • Land = road price ¥265,000/m² × land area 43.6m²
  • Building = replacement cost ¥220,000/m² × floor area 46.26m² × remaining life 0y ÷ statutory life 22y
  • Built May 1964 (62 years old)

Official Road Price Trend (last 3 years)

Cumulative change 2024 → 2026: +10.4%
YearRoad price (JPY/m²)YoY
2024240,000—
2025250,000+4.2%
2026265,000+6.0%

※ 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 checked the band across all four road price sheets covering the district and cropped a high-resolution enlargement of the exterior photo to examine the ground around the site.

Locating the road price

With the address given only to the town name, we reviewed all four sheets covering Edogawa 1-chome and took the most common block-street value, ¥265,000/m². Even the band's ¥210,000/m² floor gives a 102.9% ratio, so the precision of sheet selection does not change the conclusion.

View source
On-site check from photos

We enlarged the exterior photo threefold at 500 dpi and cropped the ground line. A continuous concrete slab runs flat from the entrance to the foreground, with no retaining wall, earth retainer, step at the approach, rising stair or slope. This is flat lowland residential territory in eastern Tokyo.

Effective land area

The listed land area is defined as excluding private roads, with no separate burden stated and nothing indicating a flagpole shape, so the full 43.6 m² is used. At 62 years old the building is assessed at zero.

What We Could Not Confirm

  • The frontage field is blank and the frontage road does not appear in the exterior photo, so its direction, width and whether rebuilding is permitted cannot be confirmed from the listing. Similar old houses in this area do trade as non-rebuildable, so before considering purchase, ask the seller's agent about the road's category, width, contact length and rebuildability.

※ 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

Attack Edogawa 1-chome
10 min walk from the station

A food supermarket in the same Edogawa 1-chome block as the property. Open 9:00-22:00, about 800m from Mizue Station.

Source
Life Mizue
1 min walk from the station

2-2-1 Mizue, Edogawa. Right by Mizue Station, open 9:30-24:00.

Source
Summit Mizue
2 min walk from the station

A general supermarket about 100m from Mizue Station.

Source

Neighborhood ② Dining Near the Station

みつ井
2 min walk from the station

About 133 m from the centre of the district. A restaurant. Location confirmed on OpenStreetMap.

Source
寿楽
3 min walk from the station

About 232 m from the centre of the district. A restaurant. Location confirmed on OpenStreetMap.

Source

About This Property

A detached house a 15-minute walk from Mizue Station on the Toei Shinjuku Line, in Edogawa 1-chome, Edogawa Ward. Attack Edogawa 1-chome is in the same block as the property, and Life and Summit are both by Mizue Station. Shinjuku is about 30 minutes away on a single Shinjuku Line ride.

The house was built in May 1964: a two-story wooden structure with a 3K layout and 46.26 sqm of floor area. The interior has been renovated and the property is tenanted, giving a projected gross yield of 10.78% at full occupancy (960,000 yen a year). The land is 43.6 sqm (13.18 tsubo) freehold.

The inheritance-tax roadside land price is 265,000 yen/sqm, putting the land's assessed value at about 11.55 million yen; the building's assessed value is zero as a 62-year-old wooden structure. Against the asking price of 8.9 million yen, the assessed-value ratio is 129.8% - the land alone exceeds the price. The roadside price has risen for three consecutive years from 240,000 yen in 2024 (+10.4% cumulative).

This is flat, low-lying eastern Tokyo, and the photos show no retaining walls, steps, or stair-only access. However, the listing's road frontage field is blank and the front road falls outside the photo frame, so the frontage conditions and whether rebuilding is permitted both need confirming. See the research notes below for details.

Estimated Financing

Assessed value ¥11,554,000 → estimated loan ¥8,900,000 (100% of the asking price)

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

Suggested Lenders

静岡銀行
Regional bankLand-value focusedStrong with detached housesGood with older buildings
本業年収700万円以上が検討対象。 相続税路線価から算出した「土地の積算」が60%以上出ていれば、基本的にフルローンとなる。 修正後バランスシートも重視しており、属性枠だけで終了する訳ではない為、可能な限り「土地」が高積算の物件を買い進めていきたい。
L&Fアセットファイナンス
Non-bank lenderLand-value focusedStrong with detached housesGood with older buildings
土地値が出る築古系が得意。 属性はほぼ問わない。 どんなに担保評価が付いたとしても8割融資が目安。 建物の価値に対してはほぼ担保評価を付けてくれない為、新築や築浅の物件は要注意。 但し、建売の売れ残りや変形地等の場合は、土地が広くて担保評価が伸びたり、賃料が高くて収益還元評価が伸びたりして、思わずハマるケースがある。 また、産休中でも行けた、貴重な存在の金融機関である。
関西みらい銀行
Regional bankAssessed-value focusedStrong with detached houses
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。

※ 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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