For SaleDetached HouseAkiya

Pre-owned House with Land

Minato 4-chome, Wakkanai-shi, Hokkaido
Asking Price
¥1,000,000
Pre-owned House with Land - 1/20
1 / 20

Executive Summary

This is a 2-story wooden detached house built in April 1963, located in Minato 4-chome, Wakkanai-shi, Hokkaido. It is located an 8-minute walk from Minami-Wakkanai Station on the Soya Main Line. The building area is 96.7 sqm with a 5K layout, and it is equipped with propane gas, public water, public sewage, and parking. The land area is an officially registered 255.86 sqm with ownership rights, situated in a flat Category I Residential Zone (building-to-land ratio of 60%, floor area ratio of 200%), and fronts public roads with a width of 4.6 m on the southeast and 6 m on the southwest. Half of the lot is vacant land. The property is currently vacant and ready for immediate handover. Surrounding facilities include an elementary school 409 m away (an 8-minute walk is not stated, it is a 6-minute walk). This property is delivered as-is with an exemption from liability for non-conformity of contract. As the building is unregistered, if the building is to be utilized, the seller will complete the initial title registration at their expense prior to delivery; if the building is to be demolished for use as land, it will be delivered unregistered. The building area reflects the taxable floor area, and the date of construction indicates the date of building confirmation.

Property Details

Building Area
96.7 ㎡
Layout
5K
5 bedrooms + kitchen
Structure
Wood
Built Year
1963
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
Immediately

Land & legal restrictions

Land area
255.9 ㎡per land registry
Land rights
Freehold
Land category
Residential land
City planning area
Non-delineated city planning area
Zoning
Category 1 residential zone
Building coverage / floor area ratio
60% / 200%
Road access
Southeast side Public road 4.6 m wide / Southwest side Public road 6 m wide
Setback
None
Private road share
None
Terrain
Flat

Costs besides the price

Parking
Yes

Utilities & nearby

Gas
Propane gas
Water
Public water supply
Drainage
Public sewer
To elementary school
about 409 m
To junior high school
about 1549 m

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
5.00%
Est. Net Yield
3.37%

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)
-2.4%
Net gain
¥-260,000
Gain on total investment -18.5%
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¥1,000,000+¥50,000¥-680,000-48.8%-48.8%
2yr¥1,000,000+¥90,000¥-640,000-45.4%-26.8%
3yr¥1,000,000+¥140,000¥-590,000-42.1%-17.4%
4yr¥1,000,000+¥190,000¥-540,000-38.7%-12.4%
5yr¥1,000,000+¥240,000¥-490,000-35.3%-9.2%
6yr¥1,000,000+¥280,000¥-450,000-32.0%-7.0%
7yr¥1,000,000+¥330,000¥-400,000-28.6%-5.4%
8yr¥1,000,000+¥380,000¥-350,000-25.2%-4.2%
9yr¥1,000,000+¥430,000¥-310,000-21.8%-3.2%
10yr¥1,000,000+¥470,000¥-260,000-18.5%-2.4%

Assumptions

  • Total investment ¥1,400,500 (price ¥1,000,000 + purchase costs ¥400,500)
  • 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.)
¥400,500
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)¥10,000
Registration License Tax (title transfer)¥0
Stamp Duty (purchase agreement)¥500
Judicial Scrivener & Other Fees (est.)¥60,000

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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