![[Assessed 106.8%] Condominium building in Wakaba Ward, Chiba City, Chiba — 15 min from Tsuga Sta.](https://img.rakumachi.jp/c/property/L8Qz4sYez632u7yYq04g4g__/117790230_x4y4)
[Assessed 106.8%] Condominium building in Wakaba Ward, Chiba City, Chiba — 15 min from Tsuga Sta.
Property Overview
| Location | Wakaba Ward, Chiba City, Chiba |
| Nearest Station | JR Sobu Main Line Tsuga Sta. |
| Walk | 15 min walk |
| Assessed Ratio | 106.8%Assessed 106.8% |
| Price | ¥45,800,000 |
| Type | Condominium building |
| Expected Yield | 9.58% |
| Structure | Reinforced concrete (RC) |
| Built | Built Jan 1988 (38 years old) |
| Land Area | 241.32㎡ |
| Building Area | 407.48㎡ |
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 | ¥45,800,000View listing |
Assessed Value Breakdown
| Land assessed value | ¥23,166,720 |
| Building assessed value | ¥25,749,268 |
| Total assessed value | ¥48,915,988 |
| Asking price | ¥45,800,000 |
| Assessed ratio | 106.8% |
Calculation basis
- Land = road price ¥96,000/m² × land area 241.32m²
- Building = replacement cost ¥330,000/m² × floor area 407.48m² × remaining life 9y ÷ statutory life 47y
- Built Jan 1988 (38 years old)
Official Road Price Trend (last 3 years)
Cumulative change 2024 → 2026: +14.3%| Year | Road price (JPY/m²) | YoY |
|---|---|---|
| 2024 | 84,000 | — |
| 2025 | 89,000 | +6.0% |
| 2026 | 96,000 | +7.9% |
※ 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 established that the map coordinates given are wrong, calibrated the roadside land value map (sheet 01045) against map data, and checked the site surroundings using all ten photographs and measured elevation data.
What We Could Not Confirm
- A high-voltage transmission tower stands close to the site. Whether the property lies beneath the lines, whether a registered easement or building restriction applies, and how much area would be affected are all absent from the listing and need checking. We assess the land area in full without deducting any restricted area, so the ratio may be higher than the reality.
- The field for road frontage is blank in the listing, with neither direction nor width given. The photographs suggest a corner plot fronting public roads directly, but the width could not be confirmed.
- Zoning spans both Category 1 low-rise residential and Category 2 residential, with building coverage stated as 50 and 60 percent and floor area ratio as 100 and 200 percent. Since 407.48 sq m of floor area on 241.32 sq m of land works out at 169 percent, we calculated on the Category 2 residential figures.
- The building is 38 years old in reinforced concrete, leaving nine years against the 47-year statutory life. Views on financing terms will change the assessment.
- The building is fully let, but no rent roll is given — no unit rents, lease terms or move-in dates. The notes mention patrol management and periodic cleaning at 8,800 yen a month and electricity of about 5,000 yen a month.
※ 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 whole apartment building in Nishitsuga 5-chome, Wakaba Ward, Chiba, a 15-minute walk from Tsuga Station on the JR Sobu Main Line. The address is published down to the lot number. A convenience store sits about 170 metres away and a supermarket about 490 metres. Tokyo Station is roughly 45 minutes by Sobu Rapid.
A three-storey reinforced concrete building of five units (four 1DK, one 5LDK and a storeroom) on 241.32 sq m of land with 407.48 sq m of floor area, built in January 1988. The ground floor is piloti parking, and the parking is let along with the units, giving full occupancy. The stated annual income is 4,389,600 yen at a gross yield of 9.58 percent; the title is freehold and no private-road burden is stated.
The 2026 inheritance-tax roadside land value is 96,000 yen per sq m. Land at 23.16 million yen plus a 38-year-old building at 25.74 million yen gives a total assessment of 48.91 million yen, or 106.8 percent of the 45.8 million yen asking price. The roadside value has risen 14.3 percent over three years from 84,000 yen in 2024.
Note that a high-voltage transmission tower stands immediately beside the site in the exterior photographs. The listing says nothing about the power lines, and whether an easement or building restriction applies is unknown. The field for the direction and width of the road in front is also blank.
Estimated Financing
Suggested Lenders
※ General tendencies of lenders covering this area, for information only. This does not guarantee or suggest any specific financing outcome.