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[Assessed 120.8%] Detached house in Edogawa Ward, Tokyo — 9 min from Shinozaki Sta.
Assessed 120.8%Detached houseEdogawa Ward, TokyoShinozaki Sta. 9 min walk

[Assessed 120.8%] Detached house in Edogawa Ward, Tokyo — 9 min from Shinozaki Sta.

Published: Sep 12, 2026Updated: Sep 12, 2026

Property Overview

LocationEdogawa Ward, Tokyo
Nearest StationToei Shinjuku Line Shinozaki Sta.
Walk9 min walk
Assessed Ratio120.8%Assessed 120.8%
Price¥9,800,000
TypeDetached house
StructureWooden
BuiltBuilt Mar 1973 (53 years old)
Land Area37㎡
Building Area48.14㎡

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.

SUUMO¥9,800,000View listing

Assessed Value Breakdown

Land assessed value¥11,840,000
Building assessed value¥0
Total assessed value¥11,840,000
Asking price¥9,800,000
Assessed ratio120.8%

Calculation basis

  • Land = road price ¥320,000/m² × land area 37m²
  • Building = replacement cost ¥220,000/m² × floor area 48.14m² × remaining life 0y ÷ statutory life 22y
  • Built Mar 1973 (53 years old)

Official Road Price Trend (last 3 years)

Cumulative change 2024 → 2026: +14.3%
YearRoad price (JPY/m²)YoY
2024280,000
2025295,000+5.4%
2026320,000+8.5%

Based on inheritance-tax road prices published each July — a reference for the trend in land collateral value.

How We Checked This Property

Because the plot is only 37.0 sqm, the first thing checked was whether this is a terraced house, by enlarging the exterior photos. The residential streets of the neighbourhood were then counted across four sheets of the FY2026 street-value map to justify the representative value.

On-site check from photos

The two exterior photos were taken at full 1200x900 and the junctions on both sides enlarged to check for a party wall. On the right a downpipe runs off the corner and beyond it a gap of 50-80 cm runs clear to the ground, with the neighbour's separate wall and meters visible through it. On the left a gap runs top to bottom between this building's flank and the neighbour's render, and the flank carries this house's own downpipe and an outdoor tap. On the first floor both sides show external corners, so the wall planes do not continue into the neighbours.

Locating the road price

The residential streets of Shinozakimachi 6-chome were counted on the FY2026 street-value map. The neighbourhood sits where sheets 53062, 53063, 53072 and 53073 meet, so all four were counted. 320,000 yen/sqm is the most frequent by far (over 35 runs), followed by 330,000 (about 12) and 310,000 (about 8), so 320,000 was adopted. Arterial frontage and the shopping-street band in 7-chome were excluded as different in character. Note that on this neighbourhood the arterial Keiyo Road carries 310,000 — lower than the 320,000 of the residential streets.

View source
Effective land area

The listing states no private-road burden and notes neither a flagpole strip nor a sloped portion. The photos confirm a flat, regular plot taking its frontage directly off the road, so the listed 37.0 sqm was used as-is for the assessment.

Building valuation assumptions

Built in March 1973, the house is 53 years old and well past the 22-year statutory life for wood-frame construction, so the building assesses at zero and the assessed value consists of land alone. Note that 37.0 sqm at 60 percent coverage caps the footprint at 22.2 sqm, while a two-storey house of 48.14 sqm suggests a ground floor of some 24-26 sqm, so the building may exceed the coverage limit as a legacy non-conformity.

Rights and restrictions

It fronts a 4 m road to the east with no private-road burden, and the other-restrictions field is blank — no mention of non-rebuildable status, cliff ordinance, retaining walls or level differences. The road is level, the step up to the entrance is only 10-20 cm, and no wall around the plot was found to be holding back earth.

Listing check

The address is disclosed only to the neighbourhood, with no lot number, and the listing's coordinates are the neighbourhood's representative point. The position on the map was therefore narrowed using the distances to two facilities the listing names (Shinozaki Junior High 480 m, Minami-Shinozaki Elementary 530 m). Tens of metres of error remain, but even the lowest band in 6-chome, 310,000 yen/sqm, gives an assessed value above 113 percent, so the conclusion does not change.

What We Could Not Confirm

  • The photos show gaps, separate downpipes and separate eaves on both sides, but whether the house is registered as a single building together with its neighbours could not be confirmed. Ask the listing agent.
  • 37.0 sqm at 60 percent coverage caps the footprint at 22.2 sqm, while a two-storey house of 48.14 sqm suggests a ground floor of some 24-26 sqm — possibly a legacy non-conformity. The listing is silent, so the terms for rebuilding need confirming with the authority and the agent.
  • No lot number is disclosed, so the street value of the road the property actually fronts could not be verified. The most frequent value among the residential streets of the neighbourhood was adopted.
  • Distances to the restaurants are straight-line from the estimated position, not walking routes. They were filled in from OpenStreetMap because the listing names no restaurants.
  • The house is empty and can be viewed at any time. The handover date is negotiable.

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

7-Eleven Edogawa Shinozaki 6-chome
3 min walk from the station

A convenience store the listing gives as 3 minutes and 210 m away.

Source
Olympic Shita-Shinozaki
7 min walk from the station

A grocery supermarket the listing gives as 7 minutes and 550 m away.

Source
Summit Store Shinozaki Twin Place
10 min walk from the station

A grocery supermarket the listing gives as 10 minutes and 780 m away, inside the complex by Shinozaki Station.

Source
Matsumotokiyoshi matsukiyoLAB Shinozaki Ekimae
10 min walk from the station

A drugstore the listing gives as 10 minutes and 730 m away.

Source

Neighborhood ② Dining Near the Station

Ramen Masaru
4 min walk from the station

A ramen shop about 320 m straight-line north of the estimated property location.

Source
Yamadenmaru Shinozaki
5 min walk from the station

A conveyor-belt sushi restaurant about 350 m from the estimated location.

Source

About This Property

At 37.0 sqm this is the smallest plot this site has covered, and the first thing to check is what that narrowness implies. Small detached houses on 50-60 sqm plots sometimes turn out to be terraced houses sharing a party wall with the neighbour even when the listing says nothing about it, and three properties have been turned down here for exactly that reason.

So the two exterior photos were pulled at their full 1200x900 and the junctions on both sides enlarged. On the right a downpipe runs off the corner of the building and beyond it a gap of 50-80 cm runs clear to the ground, with the neighbour's own separate wall and meters visible through it. On the left there is a gap running top to bottom between this building's flank and the neighbour's render, and the flank carries an outdoor tap and hose, so that wall is open to the air. On the first floor both sides show external corners, meaning the wall planes do not run on into the neighbours. Neither neighbour matches this house in cladding, roof shape or entrance detail, and there is no row of identical units. The house is therefore taken to be detached — but the photos cannot show whether it is registered as a single building with its neighbours, so anyone considering a purchase should ask the agent.

The property itself: a two-storey wood-frame 3K plus box room, 48.14 sqm of floor area, built in March 1973 and so 53 years old. It fronts a 4 m road to the east, carries no private-road burden, and the other-restrictions field is blank — no mention of non-rebuildable status, cliff ordinance, retaining walls or level differences. Zoning is Category 1 Medium-High Residential at 50 percent building coverage and 150 percent floor area ratio. The house is empty and can be viewed at any time.

The assessed value comes to 120.8 percent. At 53 years the house is well past the 22-year statutory life for wood-frame construction, so the building assesses at zero and the land alone exceeds the asking price. The inheritance-tax street value in Shinozakimachi 6-chome is 320,000 yen/sqm; times 37.0 sqm it gives 11.84 million yen against an asking price of 9.8 million. The street value rose 14.3 percent over three years: 280,000 yen in 2024, 295,000 in 2025 and 320,000 in 2026. One caveat: 37.0 sqm at 50 percent coverage caps the building footprint at 22.2 sqm, yet a two-storey house of 48.14 sqm suggests a ground floor of some 24-26 sqm, so the building as it stands may exceed the coverage limit as a legacy non-conformity. The listing does not say, so this also needs checking.

The relationship to the road was checked in the photos too. The road is asphalt and level, the entrance sits at much the same height with only a threshold step of 10-20 cm, and no wall anywhere around the plot is holding back earth. The boundary with the neighbours is at the same ground level. This matches the listing's "flat land", "regular plot" and "level walk to the station". The plot takes its frontage directly off the road with no flagpole strip.

Estimated Financing

Assessed value ¥11,840,000 → estimated loan ¥9,800,000 (100% of the asking price)

Actual loan availability, amounts and terms are subject to each bank's screening.

Suggested Lenders

静岡銀行
Regional bankLand-value focusedStrong with detached housesGood with older buildings
本業年収700万円以上が検討対象。 相続税路線価から算出した「土地の積算」が60%以上出ていれば、基本的にフルローンとなる。 修正後バランスシートも重視しており、属性枠だけで終了する訳ではない為、可能な限り「土地」が高積算の物件を買い進めていきたい。
L&Fアセットファイナンス
Non-bank lenderLand-value focusedStrong with detached housesGood with older buildings
土地値が出る築古系が得意。 属性はほぼ問わない。 どんなに担保評価が付いたとしても8割融資が目安。 建物の価値に対してはほぼ担保評価を付けてくれない為、新築や築浅の物件は要注意。 但し、建売の売れ残りや変形地等の場合は、土地が広くて担保評価が伸びたり、賃料が高くて収益還元評価が伸びたりして、思わずハマるケースがある。 また、産休中でも行けた、貴重な存在の金融機関である。
関西みらい銀行
Regional bankAssessed-value focusedStrong with detached houses
土地から新築OK。 築古過ぎず、好立地で積算割合が高く、キャッシュフローが回る物件であれば、検討対象となる。 産休中はNG。 築古過ぎる場合は、信用金庫・信用組合のセゾンファンデックス保証付の不動産担保ローンが適す。

General tendencies of lenders covering this area, for information only. This does not guarantee or suggest any specific financing outcome.

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