[Assessed 110.4%] Detached house in Funabashi, Chiba — 13 min from Kamagaya-Daibutsu Sta.

A detached house in Sakigaoka 1-chome, Funabashi, Chiba, a 13-minute walk from Kamagaya-Daibutsu Station on the Shin-Keisei Line. A York Mart is 157 m from the district centre and a convenience store 133 m; Sakigaoka elementary school sits within the same cluster of blocks.

The land is 70.28 sqm and the wood-frame two-storey 3LDK building has a floor area of 65.68 sqm, built in November 1973. The land is freehold, fronting a 4 m designated-position private road on the north side over an 8 m frontage. Zoning is Category 1 low-rise exclusive residential with a 50% building coverage ratio and 100% floor area ratio. The ground floor has a living-dining-kitchen and a 6-mat Japanese room; the first floor has a 6-mat western room, a 6-mat Japanese room and a balcony, with storage in every room. The house is vacant, with an assumed annual income of 720,000 yen (60,000 yen a month) at full occupancy and a gross yield of 17.14%.

Against the 4,200,000 yen asking price, the land assessed value at the inheritance-tax road price of 66,000 yen/sqm comes to 4.63 million yen — an assessed ratio of 110.4%. The building is 52 years old, well beyond the 22-year statutory life for wood construction, so its assessed value is zero. The road price has risen 6.5% over three years from 62,000 yen in 2024.

Exterior photographs show about a 60 cm rise from the road to the entrance, short of the 1 m exclusion threshold. Please see the research notes on the listing period and the private road.