[Assessed 80.6%] Condominium building in Yachiyo, Chiba — 4 min from Yachiyodai Sta.
Property Overview
| Location | Yachiyo, Chiba |
| Nearest Station | Keisei Main Line Yachiyodai Sta. |
| Walk | 4 min walk |
| Assessed Ratio | 80.6%Assessed 80.6% |
| Price | ¥98,000,000 |
| Type | Condominium building |
| Expected Yield | 9% |
| Structure | Reinforced concrete (RC) |
| Built | Built Jul 1988 (38 years old) |
| Land Area | 231.39㎡ |
| Building Area | 608.82㎡ |
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 | ¥98,000,000View listing |
Assessed Value Breakdown
| Land assessed value | ¥40,493,250 |
| Building assessed value | ¥38,472,243 |
| Total assessed value | ¥78,965,493 |
| Asking price | ¥98,000,000 |
| Assessed ratio | 80.6% |
Calculation basis
- Land = road price ¥175,000/m² × land area 231.39m²
- Building = replacement cost ¥330,000/m² × floor area 608.82m² × remaining life 9y ÷ statutory life 47y
- Built Jul 1988 (38 years old)
Official Road Price Trend (last 3 years)
Cumulative change 2024 → 2026: +16.7%| Year | Road price (JPY/m²) | YoY |
|---|---|---|
| 2024 | 150,000 | — |
| 2025 | 160,000 | +6.7% |
| 2026 | 175,000 | +9.4% |
※ 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 lot number published, we identified the frontage road from four things - the recorded frontage width, the zoning, the width the road is drawn at on the valuation sheet, and the exterior photograph - then calibrated the sheet against three block coordinates before reading the land value. With only two photographs available, we filled the gap on levels using nine points of national elevation data.
What We Could Not Confirm
- The listing gives no lot number, and we have taken the land value on the assumption that the site fronts the arterial. On a local street inside the chome the ratio would be 71.1-75.9 per cent, below 80, so the lot number and frontage need confirming.
- The photograph shows only the western elevation; the rear and the eastern, southern and northern boundaries do not appear. Elevation data puts the difference at 0.2 m, but the boundary structures themselves need checking on site.
- The listing describes a fully let building sold with tenants in place, but gives no breakdown of rents by unit, no lease terms and no arrangements for transferring deposits. The 9.00 per cent yield is gross, before rates and running costs.
- Roof waterproofing and a refurbishment of the fourth-floor flat were completed in December 2025, but the listing says nothing about when the plumbing was last renewed or when the lift was overhauled or replaced - both worth establishing on a 38-year-old concrete building.
- One of the eleven units is an office. The neighbourhood commercial zoning permits this, but the difference in rent level and lease structure from the residential units needs checking with the vendor.
※ 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 reinforced-concrete apartment block sold as a whole in Yachiyodai-kita 5-chome, Yachiyo City, a 4-minute walk from Yachiyodai Station on the Keisei Main Line. Built in July 1988, the four-storey building is 38 years old, with 231.39 sqm of land and 608.82 sqm of usable floor area across 11 units - four studios, two 1K, two 2DK, one 2LDK, one 3LDK and one office. It is fully let and sold with the tenants in place. The listing quotes a gross yield of 9.00 per cent on annual rental income of 8.816 million yen, before rates and running costs. Against the 98 million yen asking price the assessed value comes to 80.6 per cent, made up of 40.49 million yen of land and 38.47 million yen of building. That figure comes with a caveat. The listing gives no lot number, so we used the recorded frontage of "west, 12.8 m" to place the site on the arterial running along the western edge of the chome, at 175,000 yen per sqm. Taking the local streets inside the chome instead (135,000-155,000 yen per sqm) would bring the ratio down to 71.1-75.9 per cent. This valuation therefore rests on the site fronting the arterial. Three things support that - the neighbourhood commercial zoning at 80 per cent coverage and 300 per cent floor area ratio, the fact that this is the only 12.8 m road in the chome, and an exterior photograph showing a through road with a pavement and centre line - but the lot number is worth confirming before purchase. The other feature of the valuation is that the building accounts for 48.7 per cent of it. With 9 years left of the 47-year statutory life for concrete, that building value falls by roughly 4.27 million yen a year, so the assessed ratio will drop faster here than on a land-heavy property. Roof waterproofing and a fourth-floor refurbishment were completed in December 2025, though the listing says nothing about the plumbing or the lift. At 4 minutes from the station, Y's Mart is 238 m away, 7-Eleven 248 m and the post office 292 m. The land value has risen three years running: 150,000 yen per sqm in 2024, 160,000 in 2025 and 175,000 in 2026.
Estimated Financing
Suggested Lenders
※ General tendencies of lenders covering this area, for information only. This does not guarantee or suggest any specific financing outcome.