For SaleDetached HouseAkiyaRebuilding not permitted

Kita-ku Shichiku Alleyway Kyo-machiya

Shichiku Shimomidori-cho, Kita-ku, Kyoto-shi, Kyoto
Asking Price
¥9,980,000
Kita-ku Shichiku Alleyway Kyo-machiya - 1/15
1 / 15

Executive Summary

This is a 2-story wooden detached house (a row-house Kyo-machiya of 5 units) built in January 1938, located in Shichiku Shimomidori-cho, Kita-ku, Kyoto-shi, Kyoto. It is located a 17-minute walk from Kitaoji Station on the Kyoto Municipal Subway Karasuma Line. The building area is 86.1 sqm, the layout is 3K, and it faces east. It is equipped with city gas, electricity, public water, and public sewage, but does not have a kitchen. The measured land area is 65.93 sqm (including a private road burden of 34.46 sqm), and the land rights are ownership. Situated on flat land in a Neighborhood Commercial Zone (building-to-land ratio: 80%, floor area ratio: 300%), it adjoins a 1.4m wide private road on the west side, and rebuilding is not permitted as it does not meet the road contact requirements under the Building Standards Act. The current condition is vacant, handover is negotiable, and the transaction is as-is. Nearby facilities include commercial facilities at 228m (a 3-minute walk), a bank at 231m (a 3-minute walk), a post office at 261m (a 4-minute walk), medical facilities at 335m (a 5-minute walk), and a convenience store at 462m (a 6-minute walk). Featuring beams (gorombo) and a passage garden (tori-niwa), a Kyo-machiya Profile has been obtained, but repairs are necessary prior to use.

Property Details

Building Area
86.1 ㎡
Layout
3K
3 bedrooms + kitchen
Structure
Wood
Built Year
1938
Floors
2 Floors
Earthquake Std.
Old Seismic Standard
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
65.9 ㎡surveyed
Land rights
Freehold
Land category
Residential land
City planning area
Urbanization promotion area
Zoning
Neighborhood commercial zone
Building coverage / floor area ratio
80% / 300%
Road access
West side Private road 1.4 m wide 5.3 m frontage
Private road share
Yes · 34.5 ㎡
Terrain
Flat

Utilities & nearby

Gas
City gas
Water
Public water supply
Drainage
Public sewer

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

Location & Map

Investment Analysis

Yield figures for this property are provided once rental terms are confirmed. Please contact us.

ROI SIMULATION

ROI / IRR Investment Simulation

Est. Gross Yield
5.01%
Est. Net Yield
4.40%

The annual rent below is an assumption for this simulation, not rental data for this property. Adjust the slider to explore scenarios.

If sold after 10 years (before tax)
Annual return (IRR)
3.5%
Net gain
+¥3,560,000
Gain on total investment +33.2%
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¥9,980,000+¥470,000¥-690,000-6.4%-6.4%
2yr¥9,980,000+¥950,000¥-220,000-2.0%-1.0%
3yr¥9,980,000+¥1,420,000+¥260,000+2.4%0.8%
4yr¥9,980,000+¥1,890,000+¥730,000+6.8%1.8%
5yr¥9,980,000+¥2,360,000+¥1,200,000+11.2%2.3%
6yr¥9,980,000+¥2,840,000+¥1,670,000+15.6%2.7%
7yr¥9,980,000+¥3,310,000+¥2,150,000+20.0%3.0%
8yr¥9,980,000+¥3,780,000+¥2,620,000+24.4%3.2%
9yr¥9,980,000+¥4,250,000+¥3,090,000+28.8%3.4%
10yr¥9,980,000+¥4,730,000+¥3,560,000+33.2%3.5%

Assumptions

  • Total investment ¥10,740,340 (price ¥9,980,000 + purchase costs ¥760,340)
  • 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.)
¥760,340
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥395,340
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.

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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.

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