積算100
[Assessed 111.6%] Condominium building in Matsudo, Chiba — 5 min from Goko Sta.
Assessed 111.6%Condominium buildingMatsudo, ChibaGoko Sta. 5 min walk

[Assessed 111.6%] Condominium building in Matsudo, Chiba — 5 min from Goko Sta.

Published: Aug 27, 2026Updated: Aug 27, 2026

Property Overview

LocationMatsudo, Chiba
Nearest StationKeisei Matsudo Line Goko Sta.
Walk5 min walk
Assessed Ratio111.6%Assessed 111.6%
Price¥290,000,000
TypeCondominium building
Expected Yield5.65%
StructureReinforced concrete (RC)
BuiltBuilt Mar 2007 (19 years old)
Land Area1,106.48㎡
Building Area688.86㎡

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.

Rakumachi¥290,000,000View listing

Assessed Value Breakdown

Land assessed value¥188,101,600
Building assessed value¥135,426,945
Total assessed value¥323,528,545
Asking price¥290,000,000
Assessed ratio111.6%

Calculation basis

  • Land = road price ¥170,000/m² × land area 1,106.48m²
  • Building = replacement cost ¥330,000/m² × floor area 688.86m² × remaining life 28y ÷ statutory life 47y
  • Built Mar 2007 (19 years old)

Official Road Price Trend (last 3 years)

Cumulative change 2024 → 2026: +17.2%
YearRoad price (JPY/m²)YoY
2024145,000
2025155,000+6.9%
2026170,000+9.7%

Based on inheritance-tax road prices published each July — a reference for the trend in land collateral value.

How We Checked This Property

The road price map splits across four sheets here, and the price for the prefectural road out front appears only on the adjacent sheet. The listed 16-metre width was what let us follow it through.

Locating the road price

Tokiwadaira 5-chome straddles the boundary of four road price sheets. The property's block is cut off at the southern edge of sheet 09090, and the price for the 16-metre road it fronts — the Matsudo-Kamagaya prefectural road — appears only on the neighbouring sheet 09104. Reading 09090 alone picks up the surrounding 185,000 and 190,000 yen instead.

View source
Building valuation assumptions

The reinforced-concrete building dates from March 2007, leaving 28 of the statutory 47 years. At a replacement rate of 330,000 yen per sqm the building assesses at 135.43 million yen. Together with the land's 188.10 million yen the total reaches 323.53 million yen, above the 290 million yen asking price.

On-site check from photos

We examined the five published photographs. The whole frontage is a level parking area running flush with the road. The decorative blocks around the sign tower edge a planting bed, and the parking ground behind them sits level with the paving, so they retain no earth. Official elevation data puts the variation within 30 metres at about 1.3 metres.

Rights and restrictions

The sale is conditional on taking over the existing sublease. The listing states that after completion the Daito Kentaku group continues to manage the building and handle letting. The 5.65 percent gross yield appears to be based on sublease rent, but the gap against actual rents, the fee rate, and the revision terms are not disclosed.

What We Could Not Confirm

  • The sale is conditional on taking over the sublease. The 5.65 percent gross yield appears to rest on sublease rent, but the gap against actual rents, the fee rate, and the revision terms cannot be read from the listing.
  • The agent's name is not output in the static part of the listing page and could not be confirmed.
  • With 28 years remaining, the building carries 135.43 million yen of assessed value, so the actual condition of the structure and services is where reality may diverge from the figure. No repair history is published.
  • Nearby facilities come from OpenStreetMap because the listing carries none, and are straight-line distances from the property.

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

The Price
5 min walk from the station

About 116 m from the property. A supermarket. Location verified on OpenStreetMap. OpenStreetMap has no branch name registered, so only the chain name is given.

Source
FamilyMart
4 min walk from the station

About 122 m from the property. A convenience store. Location verified on OpenStreetMap. OpenStreetMap has no branch name registered, so only the chain name is given.

Source
Jason
7 min walk from the station

About 197 m from the property. A discount store. Location verified on OpenStreetMap. OpenStreetMap has no branch name registered, so only the chain name is given.

Source

Neighborhood ② Dining Near the Station

Anrakutei
4 min walk from the station

About 46 m from the property. A yakiniku restaurant. Location verified on OpenStreetMap. OpenStreetMap has no branch name registered, so only the chain name is given.

Source
Sushi Matsu R
4 min walk from the station

About 63 m from the property. A sushi restaurant. Location verified on OpenStreetMap.

Source
Kinrirai
4 min walk from the station

About 80 m from the property. A Chinese restaurant. Location verified on OpenStreetMap.

Source

About This Property

A whole-block apartment building for sale in Tokiwadaira 5-chome, Matsudo City, Chiba, a 5-minute walk from Goko Station on the Keisei Matsudo Line. An Anrakutei restaurant sits about 46 metres away, a sushi restaurant about 63 metres, The Price supermarket about 116 metres, and a FamilyMart about 122 metres — the property sits inside the station's everyday radius.

The 1,106.48 sqm plot (registered) carries a 688.86 sqm reinforced-concrete building of three storeys dating from March 2007, with 15 units of 42.38 to 61.45 sqm. It is tenanted and sold with tenants in place at a gross yield of 5.65 percent. It is a corner plot fronting a 6-metre public road to the west and a 16-metre public road to the south (the Matsudo-Kamagaya prefectural road), zoned Category 2 residential (60 percent coverage, 200 percent floor-area ratio).

Applying the fiscal 2026 inheritance-tax road price of 170,000 yen per sqm gives a land value of 188.10 million yen, and the reinforced-concrete building adds 135.43 million yen, for an assessed total of 323.53 million yen. Against the 290 million yen asking price the assessed ratio is 111.6 percent. The road price has risen 17.2 percent over three years, from 145,000 to 170,000 yen.

⚠️ This sale is conditional on taking over the existing sublease. The listing states that after completion the Daito Kentaku group continues to manage the building and handle letting. See the research section below for details.

Estimated Financing

Assessed value ¥323,528,545 → estimated loan ¥290,000,000 (100% of the asking price)

Actual loan availability, amounts and terms are subject to each bank's screening.

Suggested Lenders

関西みらい銀行
Regional bankAssessed-value focusedStrong with condominium buildings
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。
滋賀銀行
Regional bankAssessed-value focusedStrong with condominium buildings
土地から新築OK。 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。 但し、産休中はNG。
スルガ銀行
Regional bankBorrower-profile focusedStrong with condominium buildings
富豪向け。 金融資産3000万円以上が検討対象。 行けるなら8割融資や9割融資が狙える。 金利は2%台、融資期間は35年。

General tendencies of lenders covering this area, for information only. This does not guarantee or suggest any specific financing outcome.

Ask About This PropertyWe offer purchase consultation, brokerage and consulting services.Found an error in this listing? Let us know here
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