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Property information

House: Mito, Ibaraki

Asset type
House
Yield
8.5%
Rank
★★☆☆☆
Bid period ended

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Base bid price 11,160,000yen
You could bid above 8,928,000yen

Location

Location Mito, Ibaraki
Traffic access on report(japanese) JR常磐線「赤塚」駅 南方 道路距離 約800m 最寄バス停「春日台」 南方 至近 

Property data

Type Land
Property number 1
Address 水戸市河和田一丁目 1513番25
Building number
Registered category Residential land
Actual category
Registered area 490.64m2
Actual area
Zoning Residential Class II High residential Class I
Usage
Building to land ratio 60% 60%
Floor area ratio 200% 200%
Type Building
Property number 2
Address 水戸市河和田一丁目1513番地25
Building number 1513-25
Registered type Office
Actual Workshop(厨房)
Registered structure Lightsteel structuredZinc-coated steel sheetroofedOne-story
Actual
Registered floor area 48.43m2
Actual ca.55.00m2
Layout Others
Land right Ownership
Occupant debtor・owner
Year/month built 2000/09
Type Building
Property number 3
Address 水戸市河和田一丁目1513番地25
Building number 1513-25-2
Registered type Shop-office
Actual
Registered structure Lightsteel structuredZinc-coated steel sheetroofed2story building
Actual
Registered floor area 1F 58.48m2,2F 53.26m2
Actual 1F ca.63.00m2,2F 53.26m2
Layout Others
Land right Ownership
Occupant Yes
Year/month built 2001/02

Numerical data

Base bid price 11,160,000yen Area 55㎡
Cap rate 8.5%
Gross yield 11.7%
Lease demand 17 / 25pt Minimum bid price 8,928,000yen
Ratio of years passed
to depreciable years
98% Earnest money deposit 2,232,000yen

Court data

Case number 2024(M)140 Result 2025/12/12
Court Mito District Court(Main) Start of viewing 2025/10/29
Sale type Sealed bid auction (1 times) Bid period 2025/11/28 ~ 2025/12/05
Sale decision 2026/01/09 Special sale 2025/12/15 ~ 2025/12/16
Points to note

Property price for assets not on court auctions does not include miscellaneous purchase expenses of about 7.5%.

Thus buying the asset at 11160000yen in court auction is the same as buying the asset out of court auction at 10380000yen(excluding misc. expenses).

In foreclosed properties, expenses for purchasing differ from ordniary purchase. Generally, however, it takes about 30%, depending on location and asset, in intermediary margins. Court auction is the sole market in which general public can eliminiate this margin.

For the same money, one can acquire better quality in foreclosed properties: auction concierges of 981.jp provide useful assistance.

*Above figures are based on base bid prices. For actual total costs, see 「bid simulation」.

Bid simulation

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Eviction etc. 0,000yen Renovations 0,000yen
Others 0,000yen
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Total cost of acquisition 0,000yen

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Projected yield %
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