[Assessed 210.4%] Land in Izumi Ward, Yokohama, Kanagawa — 18 min from Tateba Sta.

A plot of land with an old house in Izumigaoka 1-chome, Izumi Ward, Yokohama. The nearest station is Tateba on the Yokohama Municipal Subway Blue Line, an 18-minute walk. The area is a Category 1 residential zone; a Ministop convenience store is about 150 m, U-Coop Hagimaru supermarket about 280 m and Gyomu Super about 480 m in a straight line from the map position in the listing.

The land is 184.28 m² (registered), freehold, with land category of residential lot, a 60% building coverage ratio and 200% floor area ratio, on flat ground. It is a flag-shaped lot that meets a 3.3 m wide public road to the south with 2.0 m of frontage (2.1 m on the lot plan); setback is required, and the road appears to be an Article 42-2 road under the Building Standards Act. The access strip (the 'pole') is about 2.1 m wide and 15.7–16.7 m long. An old house stands on the land (structure, year built and floor area not listed) and is sold as-is. The price is ¥12.5 million.

For the route price we counted the block roads of Izumigaoka 1-chome on the FY2026 route price map (map 68104, leasehold ratio D) and used the most frequent value, ¥175,000/m². The public road to the south falls in this band. The same road was ¥160,000 in 2024, ¥170,000 in 2025 and ¥175,000/m² in 2026, up about 9.4% over two years. We read the access strip as about 34.02 m² from the lot plan, deducted it, and valued 150.26 m². The old house is valued at zero, so the land alone gives an assessed ratio of about 210.4% (about 258.0% without deducting the strip).

⚠️ The price is less than half of the land value based on the route price (about ¥26.3 million). Rather than a bargain, the price likely reflects the constraints of the lot's shape. Yokohama's building standards ordinance sets the required width of a flag-lot access strip according to its length. Whether this lot, with a strip about 16 m long and about 2 m wide, meets that standard, whether rebuilding requires a permit, and what use and size could be built cannot be confirmed from the listing. The listing suggests 'apartment site' as the best use and does not state that rebuilding is prohibited, but confirmation with the agent and the City of Yokohama is a prerequisite.

⚠️ The listing has only two images, a lot plan and an aerial photo, and no on-site photos. The presence of retaining walls, height differences from the road and neighbors, and the condition of the old house have not been confirmed. The assessed ratio is well above the threshold, but the valuation is not settled until the rebuilding conditions, buildable size and on-site situation are confirmed.