[Assessed 165.7%] Detached House a 17-Minute Walk from Futawamukodai Station, Funabashi, Chiba

A detached house a 17-minute walk from Futawamukodai Station on the Keisei Matsudo Line, in Sakuragaoka 4-chome, Funabashi City. The line - formerly the Shin-Keisei Line - runs toward both Keisei-Tsudanuma and Matsudo, and the area is residential land on the Shimosa Plateau.

The house was built in August 1975: a two-story wooden structure with a 5LDK layout and 93.38 sqm of floor area, plus parking for two cars. The land is 165.35 sqm (50.01 tsubo) freehold, fronting a 4.5m private road to the southwest with a 2m frontage. It is currently vacant, with a projected gross yield of 17.58% at full occupancy (1.02 million yen a year). The interior is centred on Japanese rooms and both kitchen and bathroom are dated, so renovation is assumed.

The inheritance-tax roadside land price is 71,000 yen/sqm. As a flagpole lot with a 2m frontage, 30 sqm of pole section is deducted, giving an effective area of 135.35 sqm and a land assessed value of about 9.61 million yen. The building's assessed value is zero as a 51-year-old wooden structure, so against the asking price of 5.8 million yen the assessed-value ratio is 165.7%. The roadside price has risen for three consecutive years from 64,000 yen in 2024 (+10.9% cumulative).

Note that the roadside price quoted by the seller does not match the figure we read from the official map, and the listing has no photo of the fronting road. See the research notes below for details.