[Assessed 106.9%] Detached house in Wakaba Ward, Chiba City, Chiba — 16 min from Sakuragi Sta.

⚠️On the road side (north-east) there is a concrete-block wall topped with a mesh fence, and the site appears higher than the road, so a retaining wall is present; however, its retained height (the difference in ground level between the road and the site) has not been confirmed. There are only two exterior photos; the bottom of the wall is outside the frame and the ground level of the site is hidden behind the wall, so the height that can be inferred from the photos ranges widely, from about 0.5 to 1.2 m. This site excludes properties with a retaining wall or level difference whose retained height is 1 m or more, and if a height of that level is confirmed on site, this property will also fall outside our criteria. The south-east, south-west and north-west boundaries with neighbouring land are not shown in any photo and have not been checked either. Please confirm on site or by asking the broker.

This is a two-storey wooden detached house in Sakuragi 3-chome, Wakaba Ward, Chiba City, listed as a rental investment. The nearest station is Sakuragi on the Chiba Urban Monorail, a 16-minute walk, with Ogura-dai station a 15-minute walk; from JR Chiba Station it is 16 minutes by bus (6 minutes' walk from the Sakuragicho stop). The site faces a 4 m municipal road on the north-east side with 8.9 m of frontage and is zoned Category 1 Residential (building coverage 60%, floor area ratio 200%). Measured as straight-line distances from the centroid of Sakuragi 3-chome (the representative point from the GSI address search), nearby are Taishu Kappo Tachibana about 450 m, Welcia Chiba Sakuragi and the yakiniku restaurant Akaushitei Sakuragi about 460 m each, Seims Chiba Sakuragi about 530 m, Saizeriya Chiba Dojo about 670 m and the Inageya supermarket about 700 m (OpenStreetMap; all in Wakaba Ward).

The price is 5 million yen and the gross yield stated in the listing is 15.36% (assumed rent 64,000 yen a month, 768,000 yen a year). The house is currently vacant; the listing records that it was let at 64,000 yen a month until April 2026. The building was completed in November 1964 (61 years old) and has 69.52 m² of floor area; the layout is given as both 3LDK and 4K in the listing. The land is 79.8 m², freehold, with no private-road burden stated, and the remarks state explicitly that rebuilding is possible. There is no parking on site; the listing says there are vacancies in a nearby monthly car park.

The assessed ratio is about 106.9%. Because the lot number is not published and the road the site faces cannot be identified, we took the lower of the two most common block-road values in Sakuragi 3-chome on the FY2026 (Reiwa 8) route price map, 69,000 and 67,000 yen/m², namely 67,000 yen/m² (leasehold ratio D), as the representative value. The same band rose from 58,000 yen in 2024 to 61,000 yen in 2025 and 67,000 yen/m² in 2026, about 15.5% over two years. The listing's "inheritance-tax route price 60,000 yen/m²" appears to be a figure from an earlier year and was not used; but if it is the 2026 value, the site may face a dead-end road at 60,000 yen/m², the lowest in the chome, in which case the assessed ratio would be about 95.8%. The building is 61-year-old wooden construction past its 22-year statutory useful life, so its assessed value is zero and the valuation rests on the land alone.