For SaleDetached HouseRebuilding not permitted

Hirado 1-chome

Hirado 1-chome, Totsuka-ku, Yokohama-shi, Kanagawa
Asking Price
¥8,500,000
Gross Yield: 9.6%
Hirado 1-chome - 1/12
1 / 12

Executive Summary

This is a 2-story wooden detached house built in January 1966, located in Hirado 1-chome, Totsuka-ku, Yokohama-shi, Kanagawa. Transportation access is a 10-minute bus ride and a 4-minute walk from Higashi-Totsuka Station on the Shonan-Shinjuku Line (Utsu). The building area is 68 sqm, the balcony area is 4 sqm, the layout is 5DK, and it faces east. Equipment and facilities include propane gas, a bidet toilet seat, and a 2-burner stove. In January 2020, renovations were completed for the plumbing areas (kitchen, toilet, and washroom) and the interior (flooring, wallpaper replacement across all rooms, etc.). The land area is 62.37 sqm (official register) with ownership rights, situated on elevated ground within a Quasi-Industrial Zone (building-to-land ratio: 60%, floor area ratio: 200%). The property fronts a 1.5m-wide private road on the north side, and rebuilding is not permitted. It is currently tenanted and offered as an owner-change investment property, with immediate handover available.

Property Details

Building Area
68.0 ㎡
Layout
5DK
5 bedrooms + dining kitchen
Structure
Wood
Built Year
1966
Floors
2 Floors
Earthquake Std.
Old Seismic Standard
Est. Annual Rent
¥820,000
Transaction Type
Brokerage
Japan Real Estate · Governor of Tokyo (1) No. 113344

Detailed property information

Status & handover

Current status
Leased (tenant in place)
Handover
Immediately

Land & legal restrictions

Rebuilding
Rebuilding not permittedIf the building is demolished, a new building cannot be built.
Land area
62.4 ㎡per land registry
Land rights
Freehold
Land category
Residential land
City planning area
Urbanization promotion area
Zoning
Quasi-industrial zone
Building coverage / floor area ratio
60% / 200%
Road access
North side Private road 1.5 m wide 1.3 m frontage
Terrain
Elevated

Utilities & nearby

Gas
Propane gas
Water
Public water supply
Drainage
Public sewer

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

Location & Map

Investment Analysis

Gross Yield9.6%

Based on the rent under the current lease.

ROI SIMULATION

ROI / IRR Investment Simulation

Gross Yield
9.60%
Est. Net Yield
8.16%

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¥8,630,000+¥690,000¥820,0009%1.6%
2yr¥8,760,000+¥1,390,000¥1,640,00017.9%5.4%
3yr¥8,890,000+¥2,080,000¥2,470,00026.9%6.6%
4yr¥9,020,000+¥2,770,000¥3,300,00035.9%7.2%
5yr¥9,160,000+¥3,470,000¥4,120,00045%7.5%
6yr¥9,290,000+¥4,160,000¥4,960,00054%7.7%
7yr¥9,430,000+¥4,860,000¥5,790,00063.1%7.9%
8yr¥9,580,000+¥5,550,000¥6,620,00072.2%8%
9yr¥9,720,000+¥6,240,000¥7,460,00081.4%8%
10yr¥9,860,000+¥6,940,000¥8,300,00090.5%8.1%

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.)
¥671,500
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥346,500
Real Estate Acquisition Tax (est., rate varies by property type)¥150,000
Registration License Tax (title transfer)¥70,000
Stamp Duty (purchase agreement)¥5,000
Judicial Scrivener & Other Fees (est.)¥100,000

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

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Book a Private Viewing or Online Consultation

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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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