[Assessed 87%] Apartment building in Nerima Ward, Tokyo — 11 min from Nerima-Takanodai Sta.
Property Overview
| Location | Nerima Ward, Tokyo |
| Nearest Station | Seibu Ikebukuro Line Nerima-Takanodai Sta. |
| Walk | 11 min walk |
| Assessed Ratio | 87%Assessed 87% |
| Price | ¥105,000,000 |
| Type | Apartment building |
| Expected Yield | 6.21% |
| Structure | Wooden |
| Built | Built Feb 1983 (43 years old) |
| Land Area | 290.98㎡ |
| Building Area | 261.7㎡ |
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 | ¥105,000,000View listing |
Assessed Value Breakdown
| Land assessed value | ¥91,343,000 |
| Building assessed value | ¥0 |
| Total assessed value | ¥91,343,000 |
| Asking price | ¥105,000,000 |
| Assessed ratio | 87% |
Calculation basis
- Land assessed value was entered manually by the operator.
- Building = replacement cost ¥220,000/m² × floor area 261.7m² × remaining life 0y ÷ statutory life 22y
- Built Feb 1983 (43 years old)
Official Road Price Trend (last 3 years)
Cumulative change 2024 → 2026: +12.9%| Year | Road price (JPY/m²) | YoY |
|---|---|---|
| 2024 | 310,000 | — |
| 2025 | 330,000 | +6.5% |
| 2026 | 350,000 | +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
Rather than simply reproducing the listing, we examined four fiscal 2026 inheritance-tax road price map sheets, the listing photograph and national elevation data to verify the figures. We also record why we treated the site as a flag-pole lot and deducted the pole portion.
What We Could Not Confirm
- The actual dimensions of the pole portion of this flag-pole lot are not stated in the listing, and no plot plan or survey drawing is attached. The 30 square meters we deducted is an estimate. Without the deduction the ratio would be 97.0 percent.
- Access is effectively limited to the 3.0-meter frontage on the 3.8-meter private road to the southeast; the 0.9-meter frontage on the northwest does not meet the 2-meter requirement. The listing does not state whether a share in the designated-position road or consent for passage and excavation is included.
- With only one exterior photograph and none of the frontage road alone, we could not verify whether retaining walls, level differences or slope faces exist at the rear of the building or along part of the neighboring boundaries. Nor can a single photograph settle whether the building is terraced.
- The on-site passage for this multi-unit building is exactly 3.0 meters with no margin. The building coverage and floor area ratio fields are also blank, so the permissible scale on rebuilding requires confirmation with the local authority.
- The property is tenanted and sold as an owner change, but the listing gives no rent breakdown by unit, contract terms or occupancy status. The address is published only to the district level, without a parcel number.
※ 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 an apartment building for sale in Fujimidai 4-chome, Nerima Ward, an 11-minute walk from Nerima-Takanodai Station on the Seibu Ikebukuro Line. The building is named Corp Fujimidai, a two-story wood-frame structure with eight units. Ikebukuro is about 15 minutes away, and the surrounding area spans a Category 1 Residential Zone and a Category 1 Exclusively Low-rise Residential Zone.
We begin with how we treated the land area. The listing gives 290.98 square meters (registry), yet the site fronts a road for only 3.0 meters on the southeast and 0.9 meters on the northwest. That frontage is extremely short for a site of this size, so we judged it to be a flag-pole lot. We therefore deducted 30 square meters as an estimate for the pole portion, 3 meters wide by 10 meters deep, and valued the property on an effective 260.98 square meters. The actual dimensions of the pole are not stated in the listing and no plot plan or survey drawing is attached, so this 30 square meters is an estimate. Without the deduction the ratio would be 97.0 percent, so the result stays above 80 percent either way.
The second land-area point is the private road burden. The listing states 603.10 square meters with a 1/11 co-ownership share. Where the share is expressed as a fraction, the private road can be read as existing as a separate parcel, so we did not deduct it from the land area. The share corresponds to roughly 54.8 square meters.
The price is 105 million yen, total floor area is 261.7 square meters, and the building dates from February 1983, making it 43 years old. It is currently tenanted and sold as an owner change, with a listed gross yield of 6.21 percent and annual projected rental income of 6.528 million yen. At 43 years the wood-frame building is valued at zero, so this valuation reflects land value alone.
We adopted a fiscal 2026 road price of 350,000 yen per square meter. Collecting every block street in Fujimidai 4-chome across four road price map sheets, 350,000 yen was the most common figure in blocks 1 to 9 and 340,000 yen in blocks 11 to 23, with 350,000 yen the mode for the district as a whole. The site fronts a 3.8-meter designated-position private road that carries no road price, so we borrowed the nearest priced street at 350,000 yen. Taking the adjacent 380,000 yen band would give 94.4 percent, and the lowest band in the district, 330,000 yen, would still give 82.0 percent, so the choice of band does not change the conclusion. We excluded the arterial, symbol-marked sections along Kanpachi-dori at 430,000 yen and the 400,000 to 410,000 yen bands in Fujimidai 3-chome, as they differ in character and district. The three-year trend is 310,000 yen in 2024, 330,000 in 2025 and 350,000 in 2026, a rise of 12.9 percent.
Several points warrant confirmation. The site fronts a 3.8-meter designated-position private road on the southeast for 3.0 meters and a 3.9-meter private road on the northwest for 0.9 meters; the northwest frontage does not meet the 2-meter access requirement, so access is effectively from the southeast road alone. The on-site passage for this multi-unit building is exactly 3.0 meters with no margin, which is worth noting alongside the eight-unit count. Article 5 of the Tokyo Metropolitan Building Safety Ordinance applies to buildings of ten or more units or 300 square meters or more, so this property at eight units and 261.7 square meters falls outside it. The listing also carries only one exterior photograph and none of the frontage road alone, leaving the rear of the building and part of the neighboring boundaries unverified, and the building coverage and floor area ratio fields are blank.
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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