[Assessed 108.2%] Detached house in Isogo Ward, Yokohama, Kanagawa — 20 min from Yoshinocho Sta.

We begin with what we could not establish. In the exterior photograph on the listing the houses on either side stand very close and appear to share walls, which would make this a terraced dwelling. The listing says nothing about a terrace or row house, and with only one exterior shot - one that does not clearly show either boundary - we cannot tell whether this is a detached house. Our site does not cover terraced properties, so a site visit or an enquiry to the agent is needed. The listing also notes an extension on the first floor that is not recorded on the register, so floor area beyond the registered 82.34 sq m may exist.

Yoshinocho and Maita stations on the Yokohama Municipal Subway Blue Line are each a 20-minute walk, and Negishi on the JR Keihin-Tohoku Line is 25 minutes on foot (or 12 minutes by bus plus a one-minute walk). The stations are some way off, but everyday shops cluster right by the property: a FUJI supermarket about 190 m away, convenience stores within about 240 m, and restaurants along Route 16. The agent describes the walk to the station as level, and sampling the Geospatial Information Authority's 1-metre elevation data over a 60 m square around the property gave 4.7 to 7.4 m on a gentle gradient, which agrees.

The site measures 108.24 sq m on the register and the building 82.34 sq m: a two-storey wooden house with three bedrooms, completed in January 1980 and now 46 years old. The land is held freehold, registered as residential, with no private-road burden recorded. Zoning is Category I residential, with a 60 percent building coverage ratio and a 200 percent floor area ratio. The house is vacant and in need of renovation; the listing quotes a projected annual rent of 1.8 million yen, which against the asking price of 15 million yen works out at a gross yield of 12.0 percent. The seller is selling directly.

The inheritance-tax road price for FY2026 is 150,000 yen per square metre, having run 140,000 yen in 2024 and 145,000 yen in 2025 - a 7.1 percent rise over two years. The house is wooden and 46 years old, well past the 22-year statutory life, so the building is assessed at zero and the figure rests on the land alone. The land assessment of 16.23 million yen exceeds the asking price of 15 million yen, giving an assessed ratio of 108.2 percent.

The plot lies inside its block and the lane serving it carries no assigned road price, so we took the conservative 150,000 yen from the streets around the block. The lowest of those, 140,000 yen, still gives 101.0 percent; the 165,000 yen to the west, matching the stated frontage, gives 119.1 percent; and the 175,000 yen to the south gives 126.3 percent. No choice of band falls below 100 percent. That the plot sits inside the block does, however, suggest the approach may be a lane-like strip. The frontage field gives only the direction, west, with no width, and no area for such a strip appears anywhere, so we have deducted nothing.