For SaleDetached HouseAkiyaRebuilding not permitted

Hannan City Tottori Used Detached House

Tottori, Hannan-shi, Osaka
  • Near the sea
Asking Price
¥3,300,000
Est. Gross Yield: 17.78%
Hannan City Tottori Used Detached House - 1/10
1 / 10

Executive Summary

This is a 1-story wooden detached house built in August 1965, located in Tottori, Hannan-shi, Osaka. It is a 7-minute walk from Tottorinoso Station on the Nankai Electric Railway Nankai Main Line. The building area is 79.1 sqm with a 3K layout, equipped with propane gas, public water supply, a two-burner stove, and a bathroom with a window. The land area is an officially registered 111.63 sqm under ownership, located in a Category I Residential Zone, with a building-to-land ratio of 60% and a floor area ratio of 200%. The property fronts a 2.5m-wide road on the north side, requires a setback, and cannot be rebuilt. It is currently vacant, and handover is open for consultation. Nearby facilities include an elementary school (273m, 4-minute walk), kindergarten/nursery school (351m, 5-minute walk), convenience store (575m, 8-minute walk), commercial facility (760m, 10-minute walk), and bank (884m, 12-minute walk).

Property Details

Building Area
79.1 ㎡
Layout
3K
3 bedrooms + kitchen
Structure
Wood
Built Year
1965
Floors
1 Floors
Earthquake Std.
Old Seismic Standard
Est. Annual Rent
¥590,000
Transaction Type
Brokerage
Japan Real Estate · Governor of Tokyo (1) No. 113344

Detailed property information

Status & handover

Current status
Vacant
Handover
Negotiable

Land & legal restrictions

Rebuilding
Rebuilding not permittedIf the building is demolished, a new building cannot be built.
Land area
111.6 ㎡per land registry
Land rights
Freehold
Land category
Residential land
City planning area
Urbanization promotion area
Zoning
Category 1 residential zone
Building coverage / floor area ratio
60% / 200%
Road access
North side 2.5 m wide
Setback
Required
Terrain
Flat

Utilities & nearby

Gas
Propane gas
Water
Public water supply
Drainage
Collection tank
To elementary school
about 273 m
To junior high school
about 1220 m

Please confirm the details in the explanation of important matters before purchase.

Location & Map

Investment Analysis

Est. Gross Yield17.78%

Calculated from an estimated rent. Actual rent may differ.

ROI SIMULATION

ROI / IRR Investment Simulation

Est. Gross Yield
17.78%
Est. Net Yield
15.11%

Management and repair fees for this property are not available, so expenses are assumed to be 15% of rent.

Est. Property ValueCumulative Net IncomeTotal Return
YearEst. Property ValueCumulative Net IncomeTotal ReturnROI (%)IRR (%)
1yr¥3,350,000+¥500,000¥550,00014.5%2%
2yr¥3,400,000+¥1,000,000¥1,100,00029.1%8.5%
3yr¥3,450,000+¥1,500,000¥1,650,00043.7%10.7%
4yr¥3,500,000+¥2,000,000¥2,200,00058.3%11.7%
5yr¥3,560,000+¥2,490,000¥2,750,00072.9%12.3%
6yr¥3,610,000+¥2,990,000¥3,300,00087.5%12.7%
7yr¥3,660,000+¥3,490,000¥3,850,000102.2%12.9%
8yr¥3,720,000+¥3,990,000¥4,410,000116.9%13.1%
9yr¥3,770,000+¥4,490,000¥4,960,000131.6%13.2%
10yr¥3,830,000+¥4,990,000¥5,520,000146.3%13.3%

This simulation is an estimate based on the inputs provided and does not guarantee future income or asset value. Actual results may vary due to market conditions, vacancy rates, and interest rates. Investment decisions are made at your own risk; we do not provide investment advisory or agency services.

CLOSING COSTS

Estimated Closing Cost Breakdown

Total Closing Costs (Est.)
¥471,000
Brokerage fee (special rule for properties of ¥8M or less: flat ¥300,000 plus consumption tax)¥330,000
Real Estate Acquisition Tax (est., rate varies by property type)¥50,000
Registration License Tax (title transfer)¥20,000
Stamp Duty (purchase agreement)¥1,000
Judicial Scrivener & Other Fees (est.)¥70,000

For properties of ¥8M or less, the brokerage fee is a flat ¥330,000 including tax under a special rule in the regulations (explained when you sign the brokerage agreement).

These are estimated costs. Property tax and other pro-rated amounts are calculated separately at closing.

Book from open times

Book a Private Viewing or Online Consultation

Choose from open times. Online consultations are confirmed right away and we send you a confirmation email. Live viewings from the property and in-person visits are confirmed after we check that the property can be viewed.

Apply online

Submit a Purchase Offer (LOI) for This Property

Send us your preferred price and closing timing. After you apply, you will move on to online identity verification (passport IC chip scan and proof of address) and electronic signing of the purchase agreement. You can follow the progress on My Page.

Identity verification under Japan's Act on Prevention of Transfer of Criminal Proceeds (online check and a code sent by international registered mail)
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