[Assessed 140.7%] Land in Funabashi, Chiba — 8 min from Higashi-Funabashi Sta.

This is a plot of land for sale in Higashi-Funabashi 5-chome, Funabashi, Chiba, an 8-minute walk from Higashi-Funabashi Station on the JR Sobu Line. It lies in a Category 1 Low-rise Exclusive Residential zone, and the site faces a public road about 3.6 m wide on its south side with a 3.2 m frontage. The lot number is not disclosed. According to the listing's nearby-facilities section, Y's Mart Higashi-Funabashi is about 702 m away and 7-Eleven Higashi-Funabashi 4-chome about 457 m. In the nearby places below, these two stores use the listing's distances; the others are straight-line distances from the centroid of Higashi-Funabashi 5-chome based on OpenStreetMap.

The land is 46.39 ㎡ (about 14.0 tsubo), freehold, with no private-road burden. ⚠️ It is a narrow plot of about 46 ㎡ with a 3.2 m frontage, and with a 40% building coverage ratio and 80% floor area ratio, a building can have at most about 18.5 ㎡ of building area and about 37 ㎡ of total floor area (calculated on the listed area; excluding the setback portion makes these slightly smaller). ⚠️ Because the frontage road is less than 4 m wide, a setback is required when building; the listing gives the setback area as 0.50 ㎡. ⚠️ The registered land category is farmland (field), so a conversion notification under the Agricultural Land Act is needed to use it as a residential lot. ⚠️ Water, sewer and gas lines are buried in the frontage road, but there are no service connections into the site, so the connection work costs extra. The site is currently vacant grassland and will be handed over as vacant land, with no building conditions. A building plan prepared by the seller's side (a floor plan noting 30.22 ㎡, plus elevations) is included in the listing.

The 2026 route price is 240,000 yen/㎡ (205,000 yen/㎡ in 2024, 225,000 yen/㎡ in 2025), the most common value among the local streets of Higashi-Funabashi 5-chome. The assessment covers 45.89 ㎡, excluding the 0.50 ㎡ setback portion, and because the land is farmland, a land-levelling cost of 800 yen/㎡ for turning it into a residential lot was deducted. The asking price of 7.8 million yen is well below the land's total at route price (240,000 yen/㎡ × 45.89 ㎡, about 11.01 million yen). The lot number is not disclosed, so the price band of the adjoining road has not been identified, but even at the lowest band in the chome, 215,000 yen/㎡, the assessment ratio is about 126%.

⚠️ Possible reasons the price is below the route-price total include the small buildable size (up to about 18.5 ㎡ of building area and about 37 ㎡ of floor area), the farmland conversion notification, the lack of utility connections (extra cost) and the setback required by the sub-4 m road. ⚠️ The listing was first published on 3 June 2025 and has stayed on the market for about 16 months (a prolonged listing). The listing photos show the site at the same level as the frontage road, with no retaining wall or stepped access. Anyone considering the purchase should check Funabashi City's minimum lot size and any district plan, the surveyed area, and a quote for the utility connection work.