For SaleDetached House

Kitanosawa 8-chome Detached House

Kitanosawa 8-chome, Minami-ku, Sapporo-shi, Hokkaido
Asking Price
¥7,000,000
Est. Net Yield: 11.17%
Kitanosawa 8-chome Detached House - 1/15
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Executive Summary

This is a 2-story wooden detached house built in June 1978, located in Kitanosawa 8-chome, Minami-ku, Sapporo-shi, Hokkaido. Transportation is a 20-minute bus ride and a 2-minute walk from Makomanai Station on the Sapporo Municipal Subway Namboku Line. The building area is 94 sqm, featuring a 3LDK layout and parking. Equipment includes an air conditioner and FF heating, and renovations completed in April 2025 covered wet areas (kitchen, bathroom, toilet, washroom), interior (flooring, walls and ceilings, newly installed air conditioner), and exterior (roof and roof caulking). The registered land area is 166.12 sqm with ownership rights, situated in a Category I Residential Zone with a building-to-land ratio of 60% and a floor-area ratio of 200%, adjoining a 6m-wide private road on the east side. The property is currently tenanted, and handover timing is open for discussion. Nearby facilities include a convenience store (352m, 5-minute walk) and an elementary school (462m, 6-minute walk). Please note that private drainage pipes for this property are laid running through the adjacent land, and private drainage pipes from the adjacent land are laid within this property's grounds.

Property Details

Building Area
94.0 ㎡
Layout
3LDK
3 bedrooms + living, dining & kitchen
Structure
Wood
Built Year
1978
Floors
2 Floors
Earthquake Std.
Old Seismic Standard
Est. Annual Rent
¥900,000
Transaction Type
Brokerage
Japan Real Estate · Governor of Tokyo (1) No. 113344

Detailed property information

Status & handover

Current status
Leased (tenant in place)
Handover
Negotiable

Land & legal restrictions

Land area
166.1 ㎡per land registry
Land rights
Freehold
Land category
Residential land
City planning area
Urbanization promotion area
Zoning
Category 1 residential zone
Building coverage / floor area ratio
60% / 200%
Road access
East side Private road 6 m wide 9 m frontage

Costs besides the price

Parking
Yes · 駐車場2台分 · Free

Utilities & nearby

Gas
Propane gas
Water
Public water supply
Drainage
Public sewer
To elementary school
about 462 m
To junior high school
about 2157 m

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

Location & Map

Investment Analysis

Gross Yield12.86%
Est. Net Yield11.17%

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
12.86%
Est. Net Yield
11.17%
If sold after 10 years (before tax)
Annual return (IRR)
10.4%
Net gain
+¥7,560,000
Gain on total investment +99.2%
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¥7,000,000+¥850,000¥-100,000-1.3%-1.3%
2yr¥7,000,000+¥1,700,000+¥750,000+9.9%5.1%
3yr¥7,000,000+¥2,550,000+¥1,600,000+21.0%7.3%
4yr¥7,000,000+¥3,400,000+¥2,450,000+32.2%8.4%
5yr¥7,000,000+¥4,250,000+¥3,300,000+43.4%9.1%
6yr¥7,000,000+¥5,100,000+¥4,150,000+54.5%9.5%
7yr¥7,000,000+¥5,950,000+¥5,000,000+65.7%9.8%
8yr¥7,000,000+¥6,800,000+¥5,850,000+76.9%10.1%
9yr¥7,000,000+¥7,650,000+¥6,700,000+88.0%10.3%
10yr¥7,000,000+¥8,500,000+¥7,560,000+99.2%10.4%

Assumptions

  • Total investment ¥7,615,000 (price ¥7,000,000 + purchase costs ¥615,000)
  • 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.)
¥615,000
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)¥120,000
Registration License Tax (title transfer)¥60,000
Stamp Duty (purchase agreement)¥5,000
Judicial Scrivener & Other Fees (est.)¥100,000

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.

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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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