![[Assessed 89.7%] Apartment Building in Kodaira, Tokyo — 10 min from Hitotsubashi-Gakuen Sta.](https://www.kenbiya.com/upload/p4653/4653241/1787037856929-psw.jpg)
[Assessed 89.7%] Apartment Building in Kodaira, Tokyo — 10 min from Hitotsubashi-Gakuen Sta.
Property Overview
| Location | Kodaira, Tokyo |
| Nearest Station | Seibu Tamako Line Hitotsubashi-Gakuen Sta. |
| Walk | 10 min walk |
| Assessed Ratio | 89.7%Assessed 89.7% |
| Price | ¥164,000,000 |
| Type | Apartment building |
| Expected Yield | 5% |
| Structure | Light steel frame |
| Built | Built May 2014 (12 years old) |
| Land Area | 495.12㎡ |
| Building Area | 381.84㎡ |
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 | ¥164,000,000View listing |
Assessed Value Breakdown
| Land assessed value | ¥108,926,400 |
| Building assessed value | ¥38,184,000 |
| Total assessed value | ¥147,110,400 |
| Asking price | ¥164,000,000 |
| Assessed ratio | 89.7% |
Calculation basis
- Land = road price ¥220,000/m² × land area 495.12m²
- Building = replacement cost ¥220,000/m² × floor area 381.84m² × remaining life 10y ÷ statutory life 22y
- Built May 2014 (12 years old)
Official Road Price Trend (last 3 years)
Cumulative change 2024 → 2026: +7.3%| Year | Road price (JPY/m²) | YoY |
|---|---|---|
| 2024 | 205,000 | — |
| 2025 | 210,000 | +2.4% |
| 2026 | 220,000 | +4.8% |
※ 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 repeating the listing, we checked the 2026 road price map and the site photographs to verify where we took the road price, how much the ground rises and falls, and the basis of the building's assessed value.
What We Could Not Confirm
- The width and direction of the frontage road and the rebuilding conditions are not stated in the listing.
- Whether the building is an apartment house or a terraced house cannot be settled from the listing; if the latter, the ordinance's on-site passage rules need checking.
- The address stops at the chome, so the road price is a representative value for the area consistent with the 10-minute walk.
- The property is tenanted, but the number of vacancies and the rent breakdown are not stated.
※ 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
Neighborhood ② Dining Near the Station
About This Property
An apartment building in Gakuen-Nishimachi 2-chome, Kodaira, Tokyo, a 10-minute walk from Hitotsubashi-Gakuen Station on the Seibu Tamako Line. A convenience store is about 397 m from our estimated location of the site, a supermarket about 437 m and a ramen shop about 365 m.
Built in May 2014, it is a two-storey light-gauge steel building with six 2LDK units. The building measures 381.84 sqm and the land 495.12 sqm (149.77 tsubo), held freehold. It is currently tenanted; annual income at full occupancy is JPY 8.21 million, a gross yield of 5.00%. Zoning is Category 1 Low-Rise Exclusive Residential with a 40% building coverage ratio and an 80% floor area ratio.
The listing's frontage field is blank. The photographs show a paved road roughly 5 m wide in front, with the site level with the road and the parking area opening straight onto it, but the road width and the rebuilding conditions cannot be confirmed from the listing. The ground-floor entrances sit in a row, so if the building counts as a terraced house (nagaya), Tokyo's building safety ordinance rules on on-site passages for buildings over 300 sqm could become an issue. In the photographs the entrances face the roadside parking area directly and no obstruction is visible.
The inheritance-tax road price on the frontage is JPY 220,000 per sqm. Land assessed at JPY 108.93 million plus the building at JPY 38.18 million (12 years old, 10 years remaining) gives JPY 147.11 million, or 89.7% of the JPY 164 million asking price.
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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