[Assessed 82.7%] Condominium building in Chofu, Tokyo — 6 min from Shibasaki Sta.
Property Overview
| Location | Chofu, Tokyo |
| Nearest Station | Keio Line Shibasaki Sta. |
| Walk | 6 min walk |
| Assessed Ratio | 82.7%Assessed 82.7% |
| Price | ¥225,000,000 |
| Type | Condominium building |
| Expected Yield | 5.65% |
| Structure | Heavy steel frame |
| Built | Built Mar 1987 (39 years old) |
| Land Area | 531.81㎡ |
| Building Area | 598.08㎡ |
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 | ¥225,000,000View listing |
Assessed Value Breakdown
| Land assessed value | ¥186,133,500 |
| Building assessed value | ¥0 |
| Total assessed value | ¥186,133,500 |
| Asking price | ¥225,000,000 |
| Assessed ratio | 82.7% |
Calculation basis
- Land = road price ¥350,000/m² × land area 531.81m²
- Building = replacement cost ¥300,000/m² × floor area 598.08m² × remaining life 0y ÷ statutory life 34y
- Built Mar 1987 (39 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 reprinting the listing, we traced every district road in Kikunodai 2-chome on the 2026 route-price map, identified the block from the building name to match the fronting road's band, and checked the level relative to the road and the nature of the basement floor using the 13 listing photos and 1 m elevation data.
What We Could Not Confirm
- The roughly 270 sqm gap between the registered 803.21 sqm and the surveyed 531.81 sqm is not explained in the listing (road dedication, subdivision, etc.).
- The structure is steel on athome and RC on a rental site; the registered structure has not been confirmed.
- The breakdown of unit areas and rents for the 15 units (twelve 2DK, two storerooms, one detached office) is not given.
- Another broker's listing page could not be retrieved, so road access relies solely on the athome entry (4.5 m public road on the north).
- Because the building is non-conforming, constraints on future rebuilding or major repairs need confirmation with the authorities and specialists.
※ 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
Hello Heim 2, a whole apartment building for sale in Kikunodai 2-chome, Chofu City, a 6-minute walk from Shibasaki Station on the Keio Line. The low-rise residential area spreads south of the Keio Line, and diners, Chinese and ramen restaurants and shops such as Cocokara Fine and Big-A cluster in front of Shibasaki Station. Shinjuku is around 30 minutes away by Keio Line with a change at Tsutsujigaoka or Chofu.
The land is 531.81 sqm as surveyed (803.21 sqm registered), fronting a 4.5 m public road on the north with no private-road burden. The building, completed in March 1987, is steel-framed with three storeys above ground and one below, 598.08 sqm of floor area, 15 units in total (twelve 2DK flats, two storerooms and a detached office unit), fully let with annual income of 12.72 million yen and a listed gross yield of 5.65%. Freehold, category-1 low-rise residential zone (40% coverage, 80% floor-area ratio), city gas, parking on site.
For the assessment we traced every district road in Kikunodai 2-chome on the 2026 route-price map and took the most frequent band, 350,000 yen/sqm (350D); the north road the property fronts is also 350D. Valuing the surveyed area gives about 186.13 million yen, 82.7% of the 225 million yen price. The 39-year-old steel building exceeds its 34-year statutory life and is not valued. The same road rose from 310,000 yen in 2024 to 330,000 in 2025 and 350,000 in 2026, up 12.9% in two years.
Note: as the listing states, the floor area far exceeds the 80% floor-area ratio on the surveyed land, so the building is legally non-conforming and cannot be rebuilt at the same scale. The gap between the registered 803.21 sqm and the surveyed 531.81 sqm is large; we use the smaller surveyed figure (the registered area would give 124.9%). The structure is listed as steel on athome but as reinforced concrete on a rental site; we take the conservative steel reading (building value zero). If it is RC, about 33.6 million yen of building value with 8 years remaining would lift the ratio to 97.7%. The seller is exempt from boundary confirmation and non-conformity liability, and the breakdown of unit areas is not given.
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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