For SaleDetached HouseRebuilding not permitted

Konan 3-chome, Konan-ku, Yokohama City Pre-owned Detached House

Konan 3-chome, Konan-ku, Yokohama City, Kanagawa Prefecture
Asking Price
¥5,000,000
Est. Gross Yield: 16.87%
Konan 3-chome, Konan-ku, Yokohama City Pre-owned Detached House - 1/12
1 / 12

Executive Summary

This is a 2-story wooden detached house built in November 1968, located in Konan 3-chome, Konan-ku, Yokohama City, Kanagawa Prefecture. Access is available via the Yokohama Municipal Subway Blue Line, an 11-minute walk from Konan-chuo Station, a 15-minute walk from Kaminagaya Station, and a 24-minute walk from Kami-ooka Station. The building area is 49 m2 with a 4K layout, and it is equipped with facilities such as city gas, air conditioning, a bath reheating function, and a warm-water bidet toilet seat. The land area is 78.92 m2 based on the official registry with freehold ownership, located on an elevated site in a Category I Low-rise Residential Zone (50% building-to-land ratio, 80% floor area ratio). It faces a 4.5 m wide public road on the northeast side, but rebuilding is not permitted. The property is currently occupied, and handover timing is subject to consultation. Surrounding facilities include a kindergarten/nursery 120 m away (2-minute walk), an elementary school 377 m away (5-minute walk), a convenience store 580 m away (8-minute walk), a junior high school 671 m away (9-minute walk), a high school 679 m away (9-minute walk), and dining facilities 821 m away (11-minute walk).

Property Details

Building Area
49.0 ㎡
Layout
4K
4 bedrooms + kitchen
Structure
Wood
Built Year
1968
Floors
2 Floors
Earthquake Std.
Old Seismic Standard
Est. Annual Rent
¥840,000
Transaction Type
Brokerage
Japan Real Estate · Governor of Tokyo (1) No. 113344

Detailed property information

Status & handover

Current status
Occupied by the seller
Handover
Negotiable

Land & legal restrictions

Rebuilding
Rebuilding not permittedIf the building is demolished, a new building cannot be built.
Land area
78.9 ㎡per land registry
Land rights
Freehold
Land category
Residential land
City planning area
Urbanization promotion area
Zoning
Category 1 low-rise residential zone
Building coverage / floor area ratio
50% / 80%
Road access
Northeast side Public road 4.5 m wide 0.9 m frontage
Private road share
None
Terrain
Elevated

Costs besides the price

Parking
None

Utilities & nearby

Gas
City gas
Water
Public water supply
Drainage
Public sewer
To elementary school
about 377 m
To junior high school
about 671 m

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

Location & Map

Investment Analysis

Est. Gross Yield16.87%

Calculated from an estimated rent. Actual rent may differ.

ROI SIMULATION

ROI / IRR Investment Simulation

Est. Gross Yield
16.87%
Est. Net Yield
14.34%

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¥5,070,000+¥720,000¥790,00014.3%4.3%
2yr¥5,150,000+¥1,430,000¥1,590,00028.6%9.5%
3yr¥5,230,000+¥2,150,000¥2,380,00042.9%11.2%
4yr¥5,310,000+¥2,870,000¥3,180,00057.2%12%
5yr¥5,390,000+¥3,590,000¥3,970,00071.5%12.5%
6yr¥5,470,000+¥4,300,000¥4,770,00085.9%12.7%
7yr¥5,550,000+¥5,020,000¥5,570,000100.3%12.9%
8yr¥5,630,000+¥5,740,000¥6,370,000114.7%13%
9yr¥5,720,000+¥6,450,000¥7,170,000129.2%13.1%
10yr¥5,800,000+¥7,170,000¥7,970,000143.6%13.2%

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.)
¥551,000
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)¥90,000
Registration License Tax (title transfer)¥40,000
Stamp Duty (purchase agreement)¥1,000
Judicial Scrivener & Other Fees (est.)¥90,000

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)
Inquire