For SaleDetached HouseAkiya

Tsukigase NT Detached House

Oaza Kitagawara Koaza Kamanoko, Minamiyamashiro-mura, Soraku-gun, Kyoto
Asking Price
¥9,800,000
Est. Net Yield: 7.09%
Tsukigase NT Detached House - 1/9
1 / 9

Executive Summary

This is a 2-story reinforced concrete (RC) detached house built in September 1978, located in Oaza Kitagawara Koaza Kamanoko, Minamiyamashiro-mura, Soraku-gun, Kyoto. It is located a 12-minute walk from Tsukigaseguchi Station on the Kansai Main Line. The building area is 117.6 sqm, with a 5LDK layout, southwest orientation, and a balcony area of 3.3 sqm. The property is equipped with air conditioning in all rooms and a bidet toilet seat. Renovations were completed for interior fittings in June 2022, the exterior walls in July 2022, and plumbing fixtures, including water heater and bathtub replacement, in August 2022. The land area is 236.47 sqm on the official register with ownership rights, situated outside the city planning area (unclassified zone), with a building-to-land ratio of 60% and a floor area ratio of 200%. The terrain is on elevated ground, adjoining a 6.6m wide public road on the northwest side. The current status is vacant, and the handover timing is open for consultation. The property is located in an area subject to the Erosion Control Act.

Property Details

Building Area
117.6 ㎡
Layout
5LDK
5 bedrooms + living, dining & kitchen
Structure
RC
Built Year
1978
Floors
2 Floors
Earthquake Std.
Old Seismic Standard
Est. Annual Rent
¥790,000
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

Land area
236.5 ㎡per land registry
Land rights
Freehold
Land category
Residential land
City planning area
Outside the city planning area
Zoning
No zoning designated
Building coverage / floor area ratio
60% / 200%
Road access
Northwest side Public road 6.6 m wide 13 m frontage
Private road share
None
Terrain
Elevated

Utilities & nearby

Gas
Propane gas
Water
Public water supply
Drainage
Septic tank

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

Location & Map

Investment Analysis

Gross Yield8.08%
Est. Net Yield7.09%

Based on the rent under the current lease.

Net yield = (annual rent − management fee and repair reserve − property management fee (5.5% of rent)) ÷ (price + purchase costs). Property tax, vacancies and repair costs are not included.

ROI SIMULATION

ROI / IRR Investment Simulation

Gross Yield
8.08%
Est. Net Yield
7.09%
If sold after 10 years (before tax)
Annual return (IRR)
6.3%
Net gain
+¥6,340,000
Gain on total investment +60.0%
Est. Property ValueCumulative Net IncomeNet gain

If sold at the end of each year (before tax)

YearEst. Property ValueCumulative Net IncomeNet gainGain on total investmentAnnual return (IRR)
1yr¥9,800,000+¥750,000¥-400,000-3.8%-3.8%
2yr¥9,800,000+¥1,500,000+¥350,000+3.3%1.7%
3yr¥9,800,000+¥2,250,000+¥1,100,000+10.4%3.6%
4yr¥9,800,000+¥2,990,000+¥1,840,000+17.5%4.5%
5yr¥9,800,000+¥3,740,000+¥2,590,000+24.6%5.1%
6yr¥9,800,000+¥4,490,000+¥3,340,000+31.7%5.5%
7yr¥9,800,000+¥5,240,000+¥4,090,000+38.8%5.8%
8yr¥9,800,000+¥5,990,000+¥4,840,000+45.8%6.0%
9yr¥9,800,000+¥6,740,000+¥5,590,000+52.9%6.1%
10yr¥9,800,000+¥7,480,000+¥6,340,000+60.0%6.3%

Assumptions

  • Total investment ¥10,554,400 (price ¥9,800,000 + purchase costs ¥754,400)
  • No management fee or repair reserve (you own the whole building)
  • Property management fee: 5.5% of rent (incl. tax)
  • Selling costs (brokerage fee and stamp duty) are deducted from the sale price
  • Taxes (income tax on rent, tax on capital gains, etc.), vacancies, property tax and repair costs are not included

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.)
¥754,400
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥389,400
Real Estate Acquisition Tax (est., rate varies by property type)¥170,000
Registration License Tax (title transfer)¥80,000
Stamp Duty (purchase agreement)¥5,000
Judicial Scrivener & Other Fees (est.)¥110,000

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