[Assessed 90.9%] Apartment building in Yamato, Kanagawa — 18 min from Kozashibuya Sta.
Property Overview
| Location | Yamato, Kanagawa |
| Nearest Station | Odakyu Enoshima Line Kozashibuya Sta. |
| Walk | 18 min walk |
| Assessed Ratio | 90.9%Assessed 90.9% |
| Price | ¥21,800,000 |
| Type | Apartment building |
| Expected Yield | 8% |
| Structure | Wooden |
| Built | Built Oct 2008 (17 years old) |
| Land Area | 119.66㎡ |
| Building Area | 97.3㎡ |
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 | ¥21,800,000View listing |
Assessed Value Breakdown
| Land assessed value | ¥14,957,500 |
| Building assessed value | ¥4,865,000 |
| Total assessed value | ¥19,822,500 |
| Asking price | ¥21,800,000 |
| Assessed ratio | 90.9% |
Calculation basis
- Land = road price ¥125,000/m² × land area 119.66m²
- Building = replacement cost ¥220,000/m² × floor area 97.3m² × remaining life 5y ÷ statutory life 22y
- Built Oct 2008 (17 years old)
Official Road Price Trend (last 3 years)
Cumulative change 2024 → 2026: +8.7%| Year | Road price (JPY/m²) | YoY |
|---|---|---|
| 2024 | 115,000 | — |
| 2025 | 120,000 | +4.3% |
| 2026 | 125,000 | +4.2% |
※ Based on inheritance-tax road prices published each July — a reference for the trend in land collateral value.
How We Checked This Property
With no site photographs in the listing, we turned to the 2026 road-frontage valuation maps, national survey data and the sales drawing to verify the elevation of the land and the basis for each figure.
What We Could Not Confirm
- Without site photographs we could not visually confirm whether a retaining wall exists or whether there is a step to the road (survey data indicates flat ground).
- For the same reason we could not confirm flagpole access, nor whether the building adjoins a neighbouring structure.
- The listing gives no information on the exterior condition — wall and roof wear, or any repair history.
- Although the listing says the building is full, it does not break down rents by unit or give lease terms.
※ 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
This is a two-storey timber-framed apartment block an 18-minute walk from Kozashibuya Station on the Odakyu Enoshima Line. Built in October 2008, it is 17 years old and comprises four 1K units. The upper-floor units include lofts of 4.2 and 3.6 tatami, and every unit faces south with a separate bath and toilet, an indoor washing machine space and a balcony. Supermarkets and convenience stores are within walking distance, in a residential area that should support demand from single tenants.
The registered land area is 119.66 sqm and the building totals 97.30 sqm across two equal floors. Zoning is quasi-industrial with a 60% building coverage ratio and a 200% floor area ratio. The site fronts a 4.0-metre public road to the west with a 9.0-metre frontage, and no private-road burden, setback or sloped portion is noted. The listing describes the terrain as flat, and national 5-metre laser elevation data across a 30-metre square around the site confirmed it: 47.5 to 48.0 metres, with a maximum difference of 0.2 metres between adjacent points.
The assessed value is 19.82 million yen — 14.95 million for the land (125,000 yen per sqm times 119.66 sqm) plus 4.86 million for the building. Against the 21.8 million yen asking price that is 90.9%. At 17 years against a 22-year statutory life, five years of building value remain, and that is what lifts the ratio to this level. The road-frontage value rose from 115,000 yen in 2024 to 120,000 in 2025 and 125,000 in 2026, an 8.7% gain.
The gross yield is 8.00%, based on projected annual rent of 1.7544 million yen, and the listing states the building is fully occupied. Income from the two parking spaces (5,500 yen a month) is excluded from that yield, so actual income may exceed the figure shown. The property is sold tenanted, with handover by negotiation.
A relatively young timber-framed block at 90.9% of assessed value, 18 minutes on foot from the station. As the listing carries no site photographs, we recommend checking retaining walls and any step to the road in person.
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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