[Assessed 418.3%] Land in Hachioji, Tokyo — 16 min from Naganuma Sta.
Property Overview
| Location | Hachioji, Tokyo |
| Nearest Station | Keio Line Naganuma Sta. |
| Walk | 16 min walk |
| Assessed Ratio | 418.3%Assessed 418.3% |
| Price | ¥19,800,000 |
| Type | Land |
| Land Area | 667.06㎡ |
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 | ¥19,800,000View listing |
Assessed Value Breakdown
| Land assessed value | ¥82,832,704 |
| Building assessed value | - |
| Total assessed value | ¥82,832,704 |
| Asking price | ¥19,800,000 |
| Assessed ratio | 418.3% |
Calculation basis
- Land assessed value was entered manually by the operator.
Official Road Price Trend (last 3 years)
Cumulative change 2024 → 2026: +8.3%| Year | Road price (JPY/m²) | YoY |
|---|---|---|
| 2024 | 120,000 | — |
| 2025 | 125,000 | +4.2% |
| 2026 | 130,000 | +4.0% |
※ 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 reprinting the listing, we checked the 2026 roadside land value map (sheet 55087), the schedule of residential development costs and all eleven listing photographs — from how farmland is valued to why the price is this low.
What We Could Not Confirm
- The land is registered as farmland within an urbanisation promotion area. A notification under the Agricultural Land Act is required on contract, and conversion procedures are needed before it can be used as residential land. Neither the time nor the cost of that is given in the listing.
- There is no sewerage and the toilet is a vault system. Mains water, LPG and electricity are connected.
- The property is currently tenanted, with the tenant due to leave on 30 November 2026 and handover expected in late December 2026. Possession does not follow the contract immediately.
- The lot number is not disclosed and the coordinates in the listing resolve to a neighbouring city, so we could not establish which block of the roadside-value map applies. We have taken the lowest value in the district as a conservative basis.
- The listing contradicts itself on the direction of the access road: the summary says a 4.0-metre private road on the northeast, while the agent's comment says a private road of about 4.0 metres on the west.
※ 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 in Kitano-machi, Hachioji, a 16-minute walk from Naganuma Station on the Keio Line. At 667.06 sq m (about 202 tsubo) it is large, in a Category 1 low-rise residential zone with a 40 percent building coverage ratio and an 80 percent floor area ratio. Supermarkets and convenience stores cluster toward Kitano Station.
Note that the land is registered as farmland within an urbanisation promotion area. A notification under the Agricultural Land Act is required on contract, there is no sewerage, and the toilet is a vault system. A building currently stands on the site with the tenant due to leave on 30 November 2026 and handover expected in late December 2026 — so possession does not follow the contract immediately. Access is via a 4.0-metre designated-position private road on the northeast, and 25.94 sq m of private-road burden is included in the land area.
The 2026 inheritance-tax roadside land value is 130,000 yen per sq m. Because this is farmland, we deduct the residential development cost (site levelling at 800 yen per sq m) from the value it would have as residential land, and apply it to the 641.12 sq m left after the private road, giving a land assessment of 82.83 million yen — 418.4 percent of the 19.8 million yen asking price.
That figure should not be taken at face value. The asking price works out at 29,680 yen per sq m, roughly a quarter of the roadside values nearby. Farmland takes time and effort to convert to residential use, which depresses its market price, and the single 4-metre private road, the absence of sewerage and the late-December handover all weigh on the price too.
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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