積算100
[Assessed 111.1%] Rental House in Kawagoe, Saitama — 19 min from Shingashi Sta.
Assessed 111.1%Detached houseKawagoe, SaitamaShingashi Sta. 19 min walk

[Assessed 111.1%] Rental House in Kawagoe, Saitama — 19 min from Shingashi Sta.

Published: Aug 20, 2026Updated: Aug 20, 2026

Property Overview

LocationKawagoe, Saitama
Nearest StationTobu Tojo Line Shingashi Sta.
Walk19 min walk
Assessed Ratio111.1%Assessed 111.1%
Price¥6,800,000
TypeDetached house
Expected Yield10.58%
StructureWooden
BuiltBuilt Sep 1970 (55 years old)
Land Area71.97㎡
Building Area66.43㎡

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¥6,800,000View listing

Assessed Value Breakdown

Land assessed value¥7,556,850
Building assessed value¥0
Total assessed value¥7,556,850
Asking price¥6,800,000
Assessed ratio111.1%

Calculation basis

  • Land = road price ¥105,000/m² × land area 71.97m²
  • Building = replacement cost ¥220,000/m² × floor area 66.43m² × remaining life 0y ÷ statutory life 22y
  • Built Sep 1970 (55 years old)

Official Road Price Trend (last 3 years)

Cumulative change 2024 → 2026: +5.0%
YearRoad price (JPY/m²)YoY
2024100,000
2025100,000±0.0%
2026105,000+5.0%

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 exterior photographs to set out where we took the road price, how much the ground rises and falls, and what about the frontage we could not confirm.

Locating the road price

The listing gives the lot number (Terao 635), and sheet 26139 shows the 635 sub-lots (635-2 through 635-107) grouped together at the lower left, so we could pin the block directly: the residential block north of Shofuku-ji temple. The loop street running through the block is marked 105D, so we used JPY 105,000 per sqm.

View source
Locating the road price

The street on the north side of the block is 110D, but we took the more conservative 105D. Even calculating on the 2025 value of 100D gives 105.8%, still above 100%. Note that the eastern and northern edges of the same sheet are multiplier-rate areas, but this block sits in the road-price area.

Rights and restrictions

The listing carries no frontage information at all. Because neither the width of the road nor whether it is public or private is given, we cannot judge from the listing whether the house can be rebuilt. The photographs show what looks like a paved residential street, but we could not measure its width. Anyone considering a purchase should confirm this with the listing agent.

On-site check from photos

We examined two exterior photographs. The road and the plot sit at the same level and are flat. There is a low wall of two or three concrete blocks (about 0.4-0.6 m) beside the entrance, but the ground is level on both sides — it is a boundary wall, not an earth-retaining one. No retaining wall, step at the frontage or stepped access appears.

Neighborhood check

Checking the surroundings on OpenStreetMap, the only facilities within 900 m are three convenience stores; the nearest restaurant is about 915 m away and no supermarket appears within 1.6 km. Day-to-day shopping here assumes a car.

What We Could Not Confirm

  • There is no frontage information, so the width and status of the road, and whether the house can be rebuilt, cannot be confirmed from the listing.
  • At 55 years old, the condition of the building and its repair history are best checked on site.
  • The tenant's contract terms (term, deposit and so on) are not stated in the listing.
  • With few restaurants or supermarkets nearby, the next letting will assume a tenant with a car.

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
21 min walk from the station

About 490 m from the site. A convenience store. Location confirmed on OpenStreetMap. OpenStreetMap has no branch name registered, so only the chain name is given.

Source
7-Eleven
23 min walk from the station

About 533 m from the site. A convenience store. Location confirmed on OpenStreetMap. OpenStreetMap has no branch name registered, so only the chain name is given.

Source

Neighborhood ② Dining Near the Station

Jevan
28 min walk from the station

About 1,088 m from the site. An Indian-Nepalese restaurant. Location confirmed on OpenStreetMap. It is the nearest named restaurant in the area.

Source

About This Property

A rental house in Terao, Kawagoe, Saitama, a 19-minute walk from Shingashi Station on the Tobu Tojo Line. A convenience store is about 490 m from the site and an Indian-Nepalese restaurant about 1,088 m. There are few restaurants or supermarkets nearby, so shopping here assumes a car.

Built in September 1970, it is a two-storey timber 3LDK with 71.97 sqm of land (21.77 tsubo) and 66.43 sqm of floor space. It is sold with the tenancy in place and currently let: JPY 60,000 a month, JPY 720,000 a year, a gross yield of 10.58% at full occupancy. The land is held freehold and zoned Category 1 Low-Rise Exclusive Residential, with a 50% building coverage ratio and a 100% floor area ratio. The interior appears to have been renovated, with a panelled feature wall in the living room and replaced flooring.

The listing gives no information about the frontage. The exterior photographs show the road and the plot at the same level, flat, with no retaining wall or stepped access — but because the road's width and status are unknown, whether the house can be rebuilt cannot be confirmed from the listing.

The inheritance-tax road price on the frontage is JPY 105,000 per sqm, giving a land assessed value of JPY 7.56 million, or 111.1% of the JPY 6.8 million asking price. The building is 55 years old, past the 22-year statutory life for timber, so its assessed value is zero.

Estimated Financing

Assessed value ¥7,556,850 → estimated loan ¥6,800,000 (100% 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 detached housesGood 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 detached housesGood 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 detached houses
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.

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