![[Assessed 211.4%] Land in Nishi Ward, Yokohama, Kanagawa — 15 min from Koganecho Sta.](https://suumo.jp/front/gazo/bukken/030/N010000/img/585/21470585/21470585_0001.jpg)
[Assessed 211.4%] Land in Nishi Ward, Yokohama, Kanagawa — 15 min from Koganecho Sta.
Property Overview
| Location | Nishi Ward, Yokohama, Kanagawa |
| Nearest Station | Keikyu Main Line Koganecho Sta. |
| Walk | 15 min walk |
| Assessed Ratio | 211.4%Assessed 211.4% |
| Price | ¥3,800,000 |
| Type | Land |
| Land Area | 50.62㎡ |
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.
| SUUMO | ¥3,800,000View listing |
Assessed Value Breakdown
| Land assessed value | ¥8,031,600 |
| Building assessed value | - |
| Total assessed value | ¥8,031,600 |
| Asking price | ¥3,800,000 |
| Assessed ratio | 211.4% |
Calculation basis
- Land assessed value was entered manually by the operator.
Official Road Price Trend (last 3 years)
Cumulative change 2024 → 2026: +5.9%| Year | Road price (JPY/m²) | YoY |
|---|---|---|
| 2024 | 170,000 | — |
| 2025 | 175,000 | +2.9% |
| 2026 | 180,000 | +2.9% |
※ Based on inheritance-tax road prices published each July — a reference for the trend in land collateral value.
How We Checked This Property
The assessed ratio exceeds 200 percent, but there is a reason: the road in front is 1.9 metres wide. We set out the basis for the figures separately from that circumstance.
What We Could Not Confirm
- The road in front is 1.9 metres wide. Rebuilding is permitted with a setback, but no car can get in or out. Access for construction vehicles also needs checking.
- The land has not been surveyed, and the listing notes that both the setback and the plot area may change. The 6 sqm setback is not a settled figure.
- The rear of the plot does not appear in any photograph. The surrounding area is hilly, with about 8 metres of variation across 40 metres, so a retaining wall at the rear remains possible.
- Liability for non-conformity is waived and boundaries will not be marked. The listing also flags possible encroachment by the neighbouring building's gutters and eaves.
- An old house stands on the plot. The listing does not state which party bears the demolition cost.
※ 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
A plot of land in Sakainoya, Nishi Ward, Yokohama, Kanagawa, a 15-minute walk from Koganecho Station on the Keikyu Main Line. Minami-ota Station is 17 minutes away and Yoshinocho Station on the Blue Line 18 minutes. A convenience store sits about 386 metres from Koganecho Station.
The plot measures 50.62 sqm and currently holds an old house. Tenure is freehold and the land is registered as residential; zoning is Category 2 Medium-to-High-Rise Exclusive Residential with a 60 percent building coverage ratio and a 150 percent floor area ratio. The frontage is a private road to the north, 1.9 metres wide with 6.1 metres of contact. The listing states that a 6 sqm setback is required.
We deducted the 6 sqm setback from the 50.62 sqm and assessed the remaining 44.62 sqm. Applying the fiscal 2026 inheritance-tax road price of 180,000 yen per sqm gives a land value of 8.03 million yen. As a land-only sale there is no building value. Against the 3.8 million yen asking price the assessed ratio is 211.4 percent. The road price has risen 5.9 percent over three years, from 170,000 to 180,000 yen.
The reason the assessed ratio exceeds 200 percent is the 1.9-metre width of the road in front. No car can enter at that width. Five properties with road-access problems have previously been declined for publication on this site, and all five had assessed ratios above 100 percent. The research section below sets out what we were able to verify.
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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