[Assessed 103.4%] Apartment building in Funabashi, Chiba — 9 min from Daijingushita Sta.
Property Overview
| Location | Funabashi, Chiba |
| Nearest Station | Keisei Main Line Daijingushita Sta. |
| Walk | 9 min walk |
| Assessed Ratio | 103.4%Assessed 103.4% |
| Price | ¥160,000,000 |
| Type | Apartment building |
| Expected Yield | 8.42% |
| Structure | Light steel frame |
| Built | Built Aug 2011 (15 years old) |
| Land Area | 629.45㎡ |
| Building Area | 499.34㎡ |
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.
| athome | ¥160,000,000View listing |
Assessed Value Breakdown
| Land assessed value | ¥130,418,400 |
| Building assessed value | ¥34,953,800 |
| Total assessed value | ¥165,372,200 |
| Asking price | ¥160,000,000 |
| Assessed ratio | 103.4% |
Calculation basis
- Land assessed value was entered manually by the operator.
- Building = replacement cost ¥220,000/m² × floor area 499.34m² × remaining life 7y ÷ statutory life 22y
- Built Aug 2011 (15 years old)
Official Road Price Trend (last 3 years)
Cumulative change 2024 → 2026: +20.0%| Year | Road price (JPY/m²) | YoY |
|---|---|---|
| 2024 | 175,000 | — |
| 2025 | 195,000 | +11.4% |
| 2026 | 210,000 | +7.7% |
※ Based on inheritance-tax road prices published each July — a reference for the trend in land collateral value.
How We Checked This Property
A listing with no photographs at all. Since the building accounts for a fifth of the assessed value, we set out how we verified its structure, and where the listing contradicts itself.
What We Could Not Confirm
- With no site photographs, we could not check for a retaining wall, a difference in level between site and road, or stepped access. A site visit is needed.
- The "owner change" in the terms field and the "owner in residence" in the current-status field contradict each other. Whether the block is actually tenanted needs confirming with the seller.
- The 8.42 percent yield is a projection. With no occupancy or rent breakdown for the 24 units in the listing, actual income cannot be verified.
- The city-planning and zoning fields are both blank. The 50 percent coverage and 100 percent floor area ratios suggest Category 1 Low-Rise Exclusive Residential, but the listing does not confirm it.
- The frontage is a private road to the west with road designation, making it a road under the Building Standards Act. Whether consent for passage and excavation is in place is 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 block in Miyamoto 7-chome, Funabashi City, Chiba, a 9-minute walk from Daijingushita Station on the Keisei Main Line. Funabashi-keibajo Station is 12 minutes away and JR Higashi-Funabashi 15 minutes. A patisserie sits about 123 metres from the property.
The land measures 629.45 sqm and the building 499.34 sqm — light-gauge steel, two storeys, 24 units, built in August 2011. Tenure is freehold. The frontage is 5.9 metres onto a private road to the west with road designation, and the site carries a 50 percent building coverage ratio and a 100 percent floor area ratio. The listing gives a projected gross yield of 8.42 percent.
We deducted the 8.41 sqm private-road burden from the 629.45 sqm and assessed the remaining 621.04 sqm. Applying the fiscal 2026 inheritance-tax road price of 210,000 yen per sqm gives a land value of 130.42 million yen. Against a 22-year statutory life for light-gauge steel, the 15-year-old building retains 34.95 million yen, for a combined 165.37 million yen. Against the 160 million yen asking price the assessed ratio is 103.4 percent. The road price has risen 20.0 percent over three years, from 175,000 to 210,000 yen.
The listing carries no photographs at all, so we could not check for a retaining wall or any difference in level between the site and the road. The terms field also reads "owner change" while the current-status field reads "owner in residence" — the two do not agree. The image on this page is a stand-in we produced.
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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