[Assessed 183.8%] Land in Chuo Ward, Chiba City, Chiba — 10 min from Hamano Sta.
Property Overview
| Location | Chuo Ward, Chiba City, Chiba |
| Nearest Station | JR Uchibo Line Hamano Sta. |
| Walk | 10 min walk |
| Assessed Ratio | 183.8%Assessed 183.8% |
| Price | ¥2,000,000 |
| Type | Land |
| Land Area | 77.35㎡ |
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 | ¥2,000,000View listing |
Assessed Value Breakdown
| Land assessed value | ¥3,676,400 |
| Building assessed value | - |
| Total assessed value | ¥3,676,400 |
| Asking price | ¥2,000,000 |
| Assessed ratio | 183.8% |
Calculation basis
- Land assessed value was entered manually by the operator.
Official Road Price Trend (last 3 years)
Cumulative change 2024 → 2026: +13.0%| Year | Road price (JPY/m²) | YoY |
|---|---|---|
| 2024 | 46,000 | — |
| 2025 | 49,000 | +6.5% |
| 2026 | 52,000 | +6.1% |
※ Based on inheritance-tax road prices published each July — a reference for the trend in land collateral value.
How We Checked This Property
We looked first at why 77 square metres of land costs two million yen. The answer is that no water or gas main reaches the frontage road, and the 183.8% cost-approach figure does not include that cost. The listing also has no photographs of the site, so no photographic assessment was possible.
What We Could Not Confirm
- The cost of extending the water and city gas mains is not given in the listing. It varies greatly with distance and who bears what, so enquiries to the water bureau and the gas supplier are needed.
- With no photographs of the site, retaining walls, steps from the frontage road, stepped access and adjoining construction cannot be assessed. That question stays open until the site is visited.
- Because the seller will not carry out a confirmed survey and the plot is sold as it stands, the actual area may differ from the registered 77.35 square metres.
- The listing notes that encroachments may exist but gives no details. Check the state of the boundaries.
- The condition tags on the listing page show water supply and city gas, contradicting the notes. Ask the seller which is correct.
※ 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
About This Property
A plot of land in Hamano-cho, Chuo-ku, Chiba, a ten-minute walk from Hamano Station on the JR Uchibo Line. Hamano lies at the southern edge of Chiba City near the mouth of the Murata River. Everyday amenities are within walking distance: the Hamano post office is 170 metres away, a 7-Eleven 240 metres and Namihama Nishi Elementary School 450 metres. Changing at Soga for the Keiyo Line puts Tokyo Station about 55 minutes away.
The first thing to explain about this property is the price. Two million yen for 77.35 square metres — 25,856 yen per square metre — is hard to account for in an urbanisation promotion area ten minutes' walk from a station. The listing notes hold the answer: there is no water main and no city gas main in the frontage road, and the plot has no water, sewer or gas connections. The only utility listed is sewerage. Building a house here would mean paying separately to extend the mains and bring in connections, and that burden appears to be reflected in the price. The seller's own comments lead with uses such as a materials yard or a monthly car park, rather than presenting the plot as ready to build on.
Now the cost approach. The frontage is a 3.3-metre public road to the south, narrower than four metres, so a setback is required. Against a 9.5-metre frontage we allowed a 0.7-metre one-sided setback, deducting 6.65 square metres to leave 70.70 square metres of effective residential land. Multiplied by the National Tax Agency's 2026 street-front value of 52,000 yen per square metre, that gives 3.67 million yen, or 183.8% of the 2 million yen asking price. That figure, however, is arithmetic on the street value and the area alone; it does not account for the cost of bringing in water and gas. This is not a property that can be judged on the cost-approach ratio.
One more thing. This listing contains no photographs of the site. There is a single cadastral drawing among the property images and the rest are pictures of nearby facilities. We searched other portals but found no listing of the same property, so we could not supply photographs. That means we have not been able to assess retaining walls, any step up from the frontage road, stepped access or whether the building adjoins a neighbour. We did measure nine points across a 100-metre square using national elevation data, which returned 1.7 to 2.7 metres — flat low-lying ground where a step of a metre or more could not arise. The listing also states that liability for non-conformity is excluded, that the seller will not carry out a confirmed survey and the plot is sold as it stands, and that encroachments may exist.
Estimated Financing
Suggested Lenders
※ General tendencies of lenders covering this area, for information only. This does not guarantee or suggest any specific financing outcome.