[Assessed 124.9%] Detached House a 13-Minute Walk from Shin-Koiwa Station, Edogawa, Tokyo
Property Overview
| Location | Edogawa, Tokyo |
| Nearest Station | JR Sobu Line Shin-Koiwa Sta. |
| Walk | 13 min walk |
| Assessed Ratio | 124.9%Assessed 124.9% |
| Price | ¥13,500,000 |
| Type | Detached house |
| Expected Yield | 5.06% |
| Structure | Wooden |
| Built | Built Jun 1966 (60 years old) |
| Land Area | 55.89㎡ |
| Building Area | 35.6㎡ |
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.
| athome | ¥13,500,000View listing |
Assessed Value Breakdown
| Land assessed value | ¥16,859,700 |
| Building assessed value | ¥0 |
| Total assessed value | ¥16,859,700 |
| Asking price | ¥13,500,000 |
| Assessed ratio | 124.9% |
Calculation basis
- Land assessed value was entered manually by the operator.
- Building = replacement cost ¥220,000/m² × floor area 35.6m² × remaining life 0y ÷ statutory life 22y
- Built Jun 1966 (60 years old)
Official Road Price Trend (last 3 years)
Cumulative change 2024 → 2026: +11.9%| Year | Road price (JPY/m²) | YoY |
|---|---|---|
| 2024 | 295,000 | — |
| 2025 | 310,000 | +5.1% |
| 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
Neighborhood ② Dining Near the Station
About This Property
A detached house a 13-minute walk from Shin-Koiwa Station on the JR Sobu Line, in Matsushima 3-chome, Edogawa Ward. Shin-Koiwa is served by Sobu Line rapid trains, putting Tokyo Station about 20 minutes away, and Shapo Shin-Koiwa sits right by the station.
The house was built in June 1966: a two-story wooden structure with a 3K layout and 35.60 sqm of floor area, with its main aspect facing southwest. The land is 55.89 sqm (registry) freehold. It is currently tenanted, with expected annual rent of 684,000 yen and a gross yield of 5.06%.
The inheritance-tax roadside land price is 330,000 yen/sqm. The fronting private road is only 2.3m wide, so a setback is required; deducting the listing's upper figure of 4.8 sqm leaves an effective site of 51.09 sqm and a land assessed value of about 16.86 million yen. The building's assessed value is zero at 60 years old, giving an assessed-value ratio of 124.9% against the 13.5 million yen price.
The roadside price has risen for three consecutive years from 295,000 yen in 2024 (+11.9% cumulative). Please see the research notes below regarding the setback assumptions and the fact that only one exterior photo is available.
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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