[Assessed 87.2%] Apartment building in Machida City, Tokyo — 20 min from Tsurukawa Sta.

We could not find a single photograph of the property. The Rakumachi listing carries no property image data at all (other listings from the same company include a JSON array of images) and has no photo gallery section. The same property appears on Kenbiya (listing 47066318bf) and we confirmed that the location, the 320.79 square meters of land, the 175.55 square meters of building and the 6.05 percent yield all match, but that listing also has zero photographs. Athome returned an authentication page of about 8 kilobytes and could not be retrieved, and we could not find the property on Suumo or other sites. As a result, the presence of retaining walls, level differences at the frontage, stepped access and terraced construction are all undetermined. We are publishing it as a case where the listing simply never had photographs, on the grounds that the assessed ratio comfortably exceeds 80 percent.

The listed land area is 320.79 square meters (registry). Kenbiya's access field reads "one side, public road, north, frontage 2.5 meters, width 5.5 meters," and a 2.5-meter frontage on a site of over 320 square meters indicates a flag-pole lot, so we deducted 30 square meters as an estimate for the pole (2.5 meters by 12 meters) and valued the property on an effective 290.79 square meters. The actual dimensions of the pole are not stated and no plot plan or survey drawing is attached, so this is an estimate. On sensitivity, the undeducted 320.79 square meters gives 96.2 percent, and deducting the full 50 square meters that Tokyo Building Safety Ordinance Article 10-3 allows as the maximum length for a 2.5-meter pole (20 meters), leaving 270.79 square meters, still gives 81.2 percent. Neither falls below 80 percent. Rakumachi's access field gives only the road width, "public road, north, 5.50 meters," with no frontage figure, so we adopted the more conservative Kenbiya wording. No private road burden area is stated.

We worked from the fiscal 2026 road price map (sheet 60055). Because the listing gives only the district name and withholds the chome, we compared Rakumachi's coordinates (35.58709870 N, 139.48347040 E) with representative points for each chome from the national address API: about 207 meters to Nokegaya 4-chome, 280 meters to 6-chome, 393 meters to 2-chome and 650 meters to 3-chome, making 4-chome the most likely. Following our rule of taking the mode of block streets within the district, sheet 60055 gives 135,000 yen as the most common figure in Nokegaya 4-chome (many at 135,000 yen, two at 130,000 yen, one at 120,000 yen, one each at 140,000 and 145,000 yen); the 4-chome portion on sheet 60054 shows 135,000, 140,000 and 130,000 yen, and the runner-up 6-chome also has a mode of 135,000 yen. The representative figure is therefore the same whether the site is in 4-chome or 6-chome. We excluded the commercial band in front of Tsurukawa Station (200,000 to 520,000 yen with symbols), the arterial band along the Setagaya-Machida prefectural road (150,000 to 190,000 yen) and bands crossing the chome boundary. The three-year figures are 130,000 yen in 2024, 130,000 yen in 2025 and 135,000 yen in 2026, matched street by street on the same sheet 60055. The leasehold ratio symbol is D, not E or lower.

The site fronts one public road on the north, with a frontage of 2.5 meters and a road width of 5.5 meters. Rebuilding would require checking Tokyo Building Safety Ordinance Article 10-3 (a pole of 20 meters or less needs a width of at least 2 meters, over 20 meters at least 3 meters, and three-story buildings or floor areas over 200 square meters are not permitted). The site is in an urbanization promotion area zoned Category 1 exclusively low-rise residential, with 40 percent building coverage and 80 percent floor area ratio. A two-story building with 175.55 square meters of floor area implies a footprint of about 88 square meters, roughly 27 percent coverage, within the limit. The land is held in fee simple, the land category is residential, and no private road burden area is stated. The listing says nothing about non-rebuildable status, cliff ordinances, retaining walls, level differences, slopes, leasehold or urbanization control areas, but we have not been able to corroborate this without photographs.

A two-story wood-frame building with six units and one parking space, built in June 1987 and now 39 years old. The statutory useful life for wood-frame construction is 22 years, so the building is past its useful life and is valued at zero; this assessment reflects land value alone. Unit layouts, individual floor areas and the building confirmation number are not given in the listing. No building name is stated, and the property is not one of the LivLi brand properties we exclude. Common-area expenses are listed as about 1,000 yen per month for electricity and about 5,000 yen per month for water.

In place of photographs we measured elevation from the Geospatial Information Authority of Japan's 1-meter laser survey data. Reading a 5-by-5 grid at 10-meter spacing around the listed coordinates gives 42.5 to 44.4 meters at the south edge, 49.9 meters at the center and 46.1 to 51.0 meters at the north edge, a slope rising about 7 meters over roughly 40 meters from south to north. Several adjacent 10-meter steps differ by 3 to 4 meters. Given that the frontage is on the north side, we think a level difference of a meter or more, or a retaining wall, against the north road is a real possibility. That said, the coordinates belong to a listing that withholds the parcel number and may be imprecise, and we do not use elevation measurements in place of photographs to decide pass or fail. The listing was registered and updated on September 11, 2026, with the next update scheduled for December 10, 2026. It is handled by GM Jyuhan Co., Ltd. (Tokyo Governor license (4) No. 93012).