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Property information

House: Mito, Ibaraki

Asset type
House
Yield
43.3%
Rank
★★★☆☆
Bid period ended

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Base bid price 10,810,000yen
You could bid above 8,648,000yen

Location

Location Mito, Ibaraki
Traffic access on report(japanese) JR常磐線「水戸」駅 南西方 道路距離 約550m 最寄バス停「水戸市役所北」 東方 約120m(徒歩約2分) 
Reference(japanese) JR水郡線 水戸駅 南西方 0.52km 鹿島臨海鉄道大洗鹿島線 水戸駅 南西方 0.56km JR常磐線 偕楽園駅 南東方 1.69km

Property data

Type Land
Property number 8
Address 水戸市城南一丁目 3番7
Building number
Registered category Residential land
Actual category
Registered area 167.92m2
Actual area
Zoning Commercial
Usage
Building to land ratio 80%
Floor area ratio 400%
Type Land
Property number 9
Address 水戸市城南一丁目 3番21
Building number
Registered category Residential land
Actual category
Registered area 39.03m2
Actual area
Zoning Commercial
Usage
Building to land ratio 80%
Floor area ratio 400%
Type Building
Property number 10
Address 水戸市城南一丁目3番地7
Building number 3-7
Registered type Office
Actual Shop
Registered structure steel structuredFlat-roofed3 story building
Actual
Registered floor area 1F 120.98m2,2F 149.02m2,3F 148.02m2
Actual 1F ca.128.00m2,2F 149.02m2,3F 148.02m2
Layout Others
Land right Ownership
Occupant Yes
Year/month built 1982/10

Numerical data

Base bid price 10,810,000yen Area 425㎡
Cap rate 43.3%
Gross yield 59.5%
Lease demand 19 / 25pt Minimum bid price 8,648,000yen
Ratio of years passed
to depreciable years
172% Earnest money deposit 2,162,000yen

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 10810000yen in court auction is the same as buying the asset out of court auction at 10060000yen(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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Registration tax 0,000yen Liabilities 0,000yen
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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