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[Assessed 90%] Apartment building in Koganei, Tokyo — 17 min from Higashi-Koganei Sta.
Assessed 90%Apartment buildingKoganei, TokyoHigashi-Koganei Sta. 17 min walk

[Assessed 90%] Apartment building in Koganei, Tokyo — 17 min from Higashi-Koganei Sta.

Published: Sep 17, 2026Updated: Sep 17, 2026

Property Overview

LocationKoganei, Tokyo
Nearest StationJR Chuo Line Higashi-Koganei Sta.
Walk17 min walk
Assessed Ratio90%Assessed 90%
Price¥35,000,000
TypeApartment building
Expected Yield4.96%
StructureWooden
BuiltBuilt Oct 1990 (35 years old)
Land Area110.52㎡
Building Area105.7㎡

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.

Rakumachi¥35,000,000LowestView listing
Rakumachi¥35,500,000View listing

Listed prices differ between sites — a price cut may not be reflected everywhere yet. The lowest listed price is used as the price in this article.

Assessed Value Breakdown

Land assessed value¥31,498,200
Building assessed value¥0
Total assessed value¥31,498,200
Asking price¥35,000,000
Assessed ratio90%

Calculation basis

  • Land = road price ¥285,000/m² × land area 110.52m²
  • Building = replacement cost ¥220,000/m² × floor area 105.7m² × remaining life 0y ÷ statutory life 22y
  • Built Oct 1990 (35 years old)

Official Road Price Trend (last 3 years)

Cumulative change 2024 → 2026: +9.6%
YearRoad price (JPY/m²)YoY
2024260,000
2025270,000+3.8%
2026285,000+5.6%

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 reprinting the listing, we reconciled the land area that differs between two agents against the floor-area ratio and unit layout, and checked the figures against the 2026 roadside value map and the exterior photograph on the other listing.

Effective land area

The listing agent's three listings give "110.52 sq m by the register (33.4 tsubo), 11.3 m frontage"; another agent's listing gives "94.54 sq m by the public register". The 105.70 sq m floor area fits the 100 percent floor area ratio only at 110.52 sq m, and the other listing also disagrees on layout, occupancy and parking, so we use the registered figure. At 94.54 sq m the ratio would be 77.0 percent.

Locating the road price

On the 2026 roadside value map (sheet 57014) we collected every district-road value in Kajinocho 3-chome and took the most common, 285,000 yen per sq m. The lot number is not disclosed, but the 17-minute walk and a convenience store 250 m away narrow the site to the block north of Hosei University, where every district road carries 285,000 yen. Arterial values on Kajino-dori and Todai-dori were not used.

View source
On-site check from photos

The listing agent's page has no photographs, so we opened the single exterior (a 2016 street view) on the other agent's listing. The ground-floor pilotis car park sits level with the road, with no step, stairs or retaining wall visible, and both neighbours are on the same ground. The rear (east) side is not shown and remains unverified.

Listing check

The two agents ask 35 million and 35.5 million yen; we use the lower figure. As of 13 September 2026 the listing agent reports two of three units let and one under contract, with current rent of 1.764 million yen a year. The other agent quotes a fully-let projection of 2.904 million yen (8.30 percent).

What We Could Not Confirm

  • We use the registered land area of 110.52 sq m, but another agent lists 94.54 sq m. The area should be confirmed against the land register.
  • The only site photograph is a single 2016 exterior; the east (rear) side and the level difference at the boundaries could not be checked.
  • One of the three units is under contract; current rent of 1.764 million yen a year is below the fully-let projection of 2.904 million. Whether the contract completes, and at what rent, should be confirmed with the agent.

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

FamilyMart Koganei Hosei-Daigaku-mae
14 min walk from the station

About 250 m from the property according to the listing agent.

Source
OK Kajinocho
9 min walk from the station

About 710 m from the property according to the listing agent. Discount supermarket.

Source
Lawson Koganei Midoricho
17 min walk from the station

About 570 m from the property according to the listing agent.

Source

Neighborhood ② Dining Near the Station

Niku no Mansei Koganei
12 min walk from the station

About 320 m in a straight line from the centre of Kajinocho 3-chome (OpenStreetMap). Steak and hamburg restaurant.

Source
Matsuya Higashi-Koganei
12 min walk from the station

About 330 m in a straight line from the centre of Kajinocho 3-chome (OpenStreetMap). Beef-bowl chain.

Source
Jonathan's Koganei
15 min walk from the station

About 700 m in a straight line from the centre of Kajinocho 3-chome (OpenStreetMap). Family restaurant.

Source

About This Property

A single-building apartment in Kajinocho 3-chome, Koganei City, a 17-minute walk from Higashi-Koganei Station on the JR Chuo Line. The site lies in the residential area north of Hosei University's Koganei campus, with a FamilyMart about 250 m away and an OK supermarket about 710 m away.

The building is a two-storey timber structure completed in October 1990 with three units (two 2K and one 1DK, each 34–36 sq m) over a three-car pilotis car park on the ground floor. The land is freehold, 110.52 sq m by the register, with an 11.3 m frontage on a 4.0 m public road to the west and no private-road burden. Zoning is Category 1 low-rise residential (50 percent coverage, 100 percent floor area) in a Category 1 height district and quasi-fire-prevention area. As of 13 September 2026 the listing agent reports two of the three units let and one under contract, with current rent of 1.764 million yen a year (about 4.96 percent on the asking price) and one car space vacant.

The asking price is 35 million yen (the price carried by another agent since July 2026; the listing agent asks 35.5 million). The 2026 inheritance-tax roadside land value is 285,000 yen per sq m, giving a land assessment of 31.5 million yen and an assessment ratio of 90.0 percent (88.7 percent at 35.5 million). The timber building has passed its statutory useful life and is valued at zero. The roadside value has risen 9.6 percent over three years from 260,000 yen in 2024.

⚠️ The land area differs between listings. The listing agent's three listings state "110.52 sq m by the register (33.4 tsubo), 11.3 m frontage", while another agent's listing states "94.54 sq m by the public register". Because the 105.70 sq m floor area fits the 100 percent floor area ratio only at 110.52 sq m, and the other agent's listing also disagrees on layout, occupancy and parking, we use the figure explicitly given as the registered area. At 94.54 sq m the ratio would be 77.0 percent. The only site photograph is a single 2016 street-view exterior on the other agent's listing, so we recommend confirming the registered area and the site with the agent.

Estimated Financing

Assessed value ¥31,498,200 → estimated loan ¥31,490,000 (90% 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 apartment buildingsGood 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 apartment buildingsGood 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 apartment buildings
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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[Assessed 90%] Apartment building in Koganei, Tokyo — 17 min from Higashi-Koganei Sta.|積算100