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Property information

House: Mito, Ibaraki

Asset type
House
Yield
41.8%
Rank
★★★☆☆
Bid period ended

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Base bid price 5,380,000yen
You could bid above 4,304,000yen

Location

Location Mito, Ibaraki
Traffic access on report(japanese) JR常磐線「赤塚」駅 北東方 道路距離 約2.8km 最寄バス停「堀町街区公園前」 南方 約140m(徒歩約2分) 

Property data

Type Land
Property number 11
Address 水戸市堀町字新田 1125番11
Building number
Registered category Residential land
Actual category
Registered area 246.61m2
Actual area
Zoning High residential Class I
Usage
Building to land ratio 60%
Floor area ratio 200%
Type Building
Property number 12
Address 水戸市堀町字新田1125番地11
Building number 1125-11
Registered type Residence
Actual
Registered structure Lightsteel structuredSlate-roofedroofed2story building
Actual
Registered floor area 1F 108.13m2,2F 95.73m2
Actual
Layout Others
Land right Ownership
Occupant debtor・owner
Year/month built 1991/04

Numerical data

Base bid price 5,380,000yen Area 203㎡
Cap rate 41.8%
Gross yield 57.5%
Lease demand 15 / 25pt Minimum bid price 4,304,000yen
Ratio of years passed
to depreciable years
136% Earnest money deposit 1,076,000yen

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 5380000yen in court auction is the same as buying the asset out of court auction at 5000000yen(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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Bid 0,000yen Support service 0,000yen
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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Rental income 0,000yen Upkeep costs 0,000yen
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Projected yield %
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