[Assessed 84.4%] Apartment building in Edogawa Ward, Tokyo — 6 min from Keisei-Koiwa Sta.
Property Overview
| Location | Edogawa Ward, Tokyo |
| Nearest Station | Keisei Main Line Keisei-Koiwa Sta. |
| Walk | 6 min walk |
| Assessed Ratio | 84.4%Assessed 84.4% |
| Price | ¥153,000,000 |
| Type | Apartment building |
| Expected Yield | 6.44% |
| Structure | Light steel frame |
| Built | Built May 1983 (43 years old) |
| Land Area | 391.33㎡ |
| Building Area | 312.62㎡ |
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 | ¥153,000,000View listing |
Assessed Value Breakdown
| Land assessed value | ¥129,138,900 |
| Building assessed value | ¥0 |
| Total assessed value | ¥129,138,900 |
| Asking price | ¥153,000,000 |
| Assessed ratio | 84.4% |
Calculation basis
- Land = road price ¥330,000/m² × land area 391.33m²
- Building = replacement cost ¥220,000/m² × floor area 312.62m² × remaining life 0y ÷ statutory life 22y
- Built May 1983 (43 years old)
Official Road Price Trend (last 3 years)
Cumulative change 2024 → 2026: +13.8%| Year | Road price (JPY/m²) | YoY |
|---|---|---|
| 2024 | 290,000 | — |
| 2025 | 310,000 | +6.9% |
| 2026 | 330,000 | +6.5% |
※ Based on inheritance-tax road prices published each July — a reference for the trend in land collateral value.
How We Checked This Property
We counted the local roads of Kitakoiwa 6-chome section by section across three sheets of the 2026 road price maps, and checked the height difference between the lot and the roads using the five listing photos and GSI elevation data.
What We Could Not Confirm
- The road price of the north frontage (320,000 yen/m²) is one step below the representative value; using it gives an assessed ratio of about 81.9%. Using the 310,000 yen/m² band within the chome gives about 79.3%.
- The south boundary with the neighboring lot does not appear in the listing photos, and its height difference is estimated from elevation data.
- The equipment field lists an "elevator", but the building has two stories and no lift is visible in the photos. The equipment needs to be confirmed with the agent.
- The annual rent is shown as an assumed figure, and the current number of occupied units could not be confirmed from the listing.
※ 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
This is a whole apartment building in Kitakoiwa 6-chome, Edogawa Ward. It sits in a residential area a 6-minute walk from Keisei-Koiwa Station on the Keisei Main Line and a 14-minute walk from Edogawa Station on the same line. The lot faces 6.0 m public roads on two sides, north and east, and the east side borders the Kamikoiwa Shinsui Ryokudo greenway. According to the listing, three convenience stores are within about 300 to 370 m.
The building is a two-story light-gauge steel structure completed in May 1983 (total floor area 312.62 m²) with 14 units. The units are 1K-type layouts, mostly with Japanese-style rooms, with separate bath and toilet, reheating baths and propane gas. It is offered as an owner-change sale with tenants in place; the assumed annual rent is 9.865 million yen, a gross yield of 6.44%. Parking is also available at 15,000 yen per month.
The land is 391.33 m² (registered) held in freehold, in a Category 1 Medium-to-High-Rise Exclusive Residential Zone with a 70% building coverage ratio and a 150% floor area ratio. The existing floor area is about 80% of the land area, leaving room below the 150% limit. The price is 153 million yen.
For the road price, we counted the local roads of Kitakoiwa 6-chome section by section across three sheets of the 2026 road price maps and adopted the most frequent value, 330,000 yen/m² (leasehold ratio C), as the representative value. The same road went from 290,000 yen in 2024 to 310,000 yen in 2025 and 330,000 yen/m² in 2026, up about 13.8% over two years. The building is 43 years old and past its statutory useful life of 22 years, so it is not included in the valuation; on land alone the assessed ratio is about 84.4%.
⚠️ The road on the north side of the lot has a road price of 320,000 yen/m², one step below the representative value. Using it gives an assessed ratio of about 81.9%, and the 310,000 yen/m² band, one step lower within the chome, gives about 79.3%, so the margin is not large. In the listing photos the lot rises about 0.6 m (three courses of block) above the north road, and the GSI elevation data also shows a maximum height difference of about 0.8 m from the surroundings. The south boundary does not appear in the photos and needs to be checked on site.
Estimated Financing
Suggested Lenders
※ General tendencies of lenders covering this area, for information only. This does not guarantee or suggest any specific financing outcome.
Learn About Assessed Value and Financing
Our blog explains the basics you need to read the numbers on this page.
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積算評価・担保評価とは？計算方法と調べ方をわかりやすく解説
積算評価（担保評価）とは、銀行が物件の担保価値を土地と建物から計算する方法です。計算式・再調達価格・法定耐用年数の目安、路線価を使った調べ方、融資が付きやすい物件の特徴を計算例つきで解説します。
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