For SaleCondominiumAkiya

Condominium Shinmachi

Okanogo, Fujioka-shi, Gunma
  • Top floor
Asking Price
¥2,900,000
Condominium Shinmachi - 1/11
1 / 11

Executive Summary

This is Condominium Shinmachi, a 5-story reinforced concrete (RC) condominium built in March 1990, located in Okanogo, Fujioka-shi, Gunma. Transit access includes a 24-minute walk from Shinmachi Station on the Takasaki Line, a 30-minute walk from Gumma-Fujioka Station on the Hachiko Line, and a 47-minute walk from Kita-Fujioka Station on the Hachiko Line. The subject unit is an east-facing 1LDK located on the 5th floor, with a floor area of 37.9 sq m. Major facilities include a separate bath and toilet, indoor washing machine space, washroom, hot water supply, and propane gas. The building has no elevator, and the management format is self-managed (unattended). Land rights are ownership, and the zoning is non-designated. The property is currently vacant and available for immediate handover.

Property Details

Building Area
37.9 ㎡
Layout
1LDK
1 bedroom + living, dining & kitchen
Structure
RC
Built Year
1990
Floors
Floor 5 of 5
Earthquake Std.
New Seismic Standard
Transport
  • Shinmachi Station
    JR Takasaki Line
    Walk 24 min
  • Gumma-Fujioka Station
    JR Hachiko Line
    Walk 30 min
  • Kita-Fujioka Station
    JR Hachiko Line
    Walk 47 min
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 rights
Freehold
Zoning
No zoning designated

Building management

Management type
Self-managed
Building manager
不在

Utilities & nearby

Gas
Propane gas

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

Around the property

This summarizes expected hazards, past disaster records, designated hazard zones, city planning, the surroundings (stations, schools, medical facilities and more), population, land prices and transactions around the property, based on data from Japan's Ministry of Land, Infrastructure, Transport and Tourism. The position is estimated from the address, so it can differ from the actual lot near the edge of an area. Hazard areas and records shown are only those published by national and local governments; being outside a published area, or not finding a record, does not mean damage cannot occur. Please confirm details on the municipality's hazard map and in the explanation of important matters given at the time of purchase.

Expected hazards nearby

Flood (maximum expected scale)
Within a published hazard area (expected flood depth 0.5–3 m)Rivers: 神流川圏域、烏川
Storm surge
Not within a published hazard area
Tsunami
Not within a published hazard area
Landslide
Not within a published hazard area
Liquefaction
Somewhat likely to liquefyA tendency for each grid cell of about 250 m, based on landform. It is not an assessment of the lot itself.

Please check your municipality's hazard map for details.

Past disaster records

Published records
No published record was found at this point or within about 300 m

This covers past disaster records published by national and local governments. Not finding a record does not mean that no disaster occurred.

Designated hazard zones

Steep slope failure hazard zone / Landslide prevention zone / Disaster hazard zone / Large-scale fill land
Not included in the published zones

This covers designated zones and maps published by national and local governments. Building and other restrictions may apply inside a zone. Please confirm the details with the municipality and in the explanation of important matters.

City planning

Urbanization zoning
Urbanization control area (urban development is restrained; new construction, rebuilding or a change of use may be restricted)

Because the position is approximate, this may differ from the designation of the lot itself. Please confirm the actual designation in the explanation of important matters.

Surroundings

Nearest elementary school
藤岡市立神流小学校About 660 m in a straight line
Nearest junior high school
藤岡市立北中学校About 1,820 m in a straight line
Nearest high school
群馬県立藤岡工業高等学校About 1,240 m in a straight line
Nurseries and kindergartens
Within 500 m: 0 / within 1 km: 3

Distances are straight-line distances from the property's location, not walking times. Passenger figures are the combined daily boardings and alightings published by the railway operator (annual average). Names of stations, schools and facilities are shown in Japanese.

Population outlook nearby

2025 (estimate)
about 211 people
2050 (estimate)
about 181 people (-14.1% vs 2025)
Share aged 65 and over
22.1% → 35.3% (2025 → 2050)

Data for a grid cell of about 250 m, based on estimates by the Ministry of Land, Infrastructure, Transport and Tourism (starting from the 2020 census). Because the cell is small, it can differ from actual numbers and does not represent the trend of the whole municipality.

Nearby land prices

Residential land · about 926 m
¥38,200/㎡Official land price (Land Price Publication) · 1/1/2026 (0% vs last year)
Residential land · about 1,319 m
¥30,900/㎡Prefectural land price survey · 7/1/2026 (0% vs last year)
Residential land · about 1,440 m
¥42,400/㎡Official land price (Land Price Publication) · 1/1/2026 (— vs last year)

Prices of representative lots selected by the national or prefectural government. They do not indicate the price or value of this property.

This service uses the API functions of the Real Estate Information Library of the Ministry of Land, Infrastructure, Transport and Tourism, but the timeliness, accuracy and completeness of the information provided are not guaranteed.

Source: Ministry of Land, Infrastructure, Transport and Tourism, Real Estate Information Library (国土交通省 不動産情報ライブラリ). Processed by us for the area around this property.Retrieved: 10/15/2026

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
5.17%
Est. Net Yield
2.79%

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)
0.5%
Net gain
+¥150,000
Gain on total investment +4.3%
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¥2,900,000+¥90,000¥-700,000-20.8%-20.8%
2yr¥2,900,000+¥190,000¥-600,000-18.0%-9.6%
3yr¥2,900,000+¥280,000¥-510,000-15.2%-5.5%
4yr¥2,900,000+¥380,000¥-420,000-12.4%-3.4%
5yr¥2,900,000+¥470,000¥-320,000-9.6%-2.1%
6yr¥2,900,000+¥560,000¥-230,000-6.8%-1.3%
7yr¥2,900,000+¥660,000¥-140,000-4.0%-0.6%
8yr¥2,900,000+¥750,000¥-40,000-1.2%-0.2%
9yr¥2,900,000+¥840,000+¥50,000+1.5%0.2%
10yr¥2,900,000+¥940,000+¥150,000+4.3%0.5%

Assumptions

  • Total investment ¥3,361,000 (price ¥2,900,000 + purchase costs ¥461,000)
  • Management fee and repair reserve: ¥48,000 per year
  • 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.)
¥461,000
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)¥50,000
Registration License Tax (title transfer)¥20,000
Stamp Duty (purchase agreement)¥1,000
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.

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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.

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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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