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[Assessed 97.5%] Apartment building in Nerima, Tokyo — 6 min from Tobu-Nerima Sta.
Listing endedAssessed 97.5%Apartment buildingNerima, TokyoTobu-Nerima Sta. 6 min walk

[Assessed 97.5%] Apartment building in Nerima, Tokyo — 6 min from Tobu-Nerima Sta.

Published: Updated:

Property Overview

LocationNerima, Tokyo
Nearest StationTobu Tojo Line Tobu-Nerima Sta.
Walk6 min walk
Assessed Ratio97.5%Assessed 97.5%
Price¥106,000,000
TypeApartment building
Expected Yield5.02%
StructureWooden
BuiltBuilt May 1988 (38 years old)
Land Area224.57㎡
Building Area196.16㎡

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.

Rakumachi¥106,000,000View listing

Assessed Value Breakdown

Land assessed value¥103,302,200
Building assessed value¥0
Total assessed value¥103,302,200
Asking price¥106,000,000
Assessed ratio97.5%

Calculation basis

  • Land = road price ¥460,000/m² × land area 224.57m²
  • Building = replacement cost ¥220,000/m² × floor area 196.16m² × remaining life 0y ÷ statutory life 22y
  • Built May 1988 (38 years old)

Official Road Price Trend (last 3 years)

Cumulative change 2024 → 2026: +15.0%
YearRoad price (JPY/m²)YoY
2024400,000—
2025420,000+5.0%
2026460,000+9.5%

※ 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 established the site's flatness from both the nine listing photos and elevation data.

On-site check from photos

We reviewed all nine photos. The frontage and surrounding streets are flat block roads with the site at the same level; the ground inside the gate is likewise level, with no step or stepped approach. A concrete face about 1.8–2 m high appears in the passage west of the building, but tiled cladding and a drip edge continue directly above it — the lower wall of the neighbouring building. Elevation data shows ±30 m of surroundings essentially flat, leaving no room for a large height difference.

Locating the road price

As the listed coordinates match the district centroid, we took the conservative ¥460,000/m² of the tied modes (¥460,000 and ¥470,000). Even a downside ¥420,000/m² gives 89.0%. Only frontage on two narrow lanes at the district's eastern edge would drop below 80% — unlikely for a six-unit building on 224 m².

View source
Rights and restrictions

With six units and 196.16 m² of floor area, the building falls outside Article 5 of the Tokyo Building Safety Ordinance. At 38 years old it is assessed at zero.

What We Could Not Confirm

  • Both the frontage and private-road burden fields are blank, so the road's width, contact length and any burden are unreadable. No restriction on rebuilding is stated, but we recommend confirming.

※ 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

FamilyMart Nerima Kitamachi 2-chome
2 min walk from the station

About 157 m from the district centre. A convenience store. Location confirmed on OpenStreetMap; distance measured straight-line from the district centroid.

Source
FamilyMart Tobu-Nerima Station South
1 min walk from the station

About 217 m from the district centre. A convenience store. Location confirmed on OpenStreetMap; distance measured straight-line from the district centroid.

Source
Lawson Tobu-Nerima Station North
2 min walk from the station

About 254 m from the district centre. A convenience store. Location confirmed on OpenStreetMap; distance measured straight-line from the district centroid.

Source

Neighborhood ② Dining Near the Station

Gatten Sushi Tobu-Nerima
2 min walk from the station

About 221 m from the district centre. A sushi restaurant. Location confirmed on OpenStreetMap; distance measured straight-line from the district centroid.

Source
Komeda Coffee Ekia Tobu-Nerima
2 min walk from the station

About 223 m from the district centre. A cafe. Location confirmed on OpenStreetMap; distance measured straight-line from the district centroid.

Source
Gusto Tobu-Nerima Station
2 min walk from the station

About 258 m from the district centre. A family restaurant. Location confirmed on OpenStreetMap; distance measured straight-line from the district centroid.

Source

About This Property

A whole-building apartment in Kitamachi 2-chome, Nerima-ku, Tokyo, a 6-minute walk from Tobu-Nerima Station on the Tobu Tojo Line. Ikebukuro is about 15 minutes away, and convenience stores and restaurants cluster around the station within a three-minute walk of the district centre.

Built in May 1988, the wood-frame two-storey building has six units, all 2DK. The land is 224.57 sqm and the total floor area is 196.16 sqm. The land is freehold, the land category is residential, and zoning is quasi-industrial with a 60% building coverage ratio and 200% floor area ratio. It is currently tenanted, with projected annual income of 5,320,000 yen and a gross yield of 5.02%.

Against the 106,000,000 yen asking price, the land assessed value at the inheritance-tax road price of 460,000 yen/sqm comes to 103.30 million yen — an assessed ratio of 97.5%. The building is 38 years old, beyond the 22-year statutory life for wood construction, so its assessed value is zero. The road price has risen 15.0% over three years from 400,000 yen in 2024.

Exterior photographs show the frontage road and the site at the same level, with no retaining wall or stepped access. Note, however, that the listing gives no road-frontage details — please see the research notes.

Estimated Financing

Assessed value ¥103,302,200 → estimated loan ¥103,300,000 (97% 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 apartment buildingsGood 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 apartment buildingsGood 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 apartment buildings
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.

Learn About Assessed Value and Financing

Our blog explains the basics you need to read the numbers on this page.

不動産担保ローンとは？手持ちの不動産で次の物件を買う方法
不動産担保ローン

不動産担保ローンとは？手持ちの不動産で次の物件を買う方法

不動産担保ローンは、持っている不動産を担保にお金を借りるローンです。仕組みや借りられる金額の目安、次の物件購入に使う方法、メリット・デメリットを解説します。

積算評価・担保評価とは？計算方法と調べ方をわかりやすく解説
不動産担保ローン

積算評価・担保評価とは？計算方法と調べ方をわかりやすく解説

積算評価（担保評価）とは、銀行が物件の担保価値を土地と建物から計算する方法です。計算式・再調達価格・法定耐用年数の目安、路線価を使った調べ方、融資が付きやすい物件の特徴を計算例つきで解説します。

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