Property Overview: Renovation Opportunity in Saijo, Ehime
This is a used detached house located in Oomachi, Saijo City, Ehime Prefecture. The property offers a 5K layout with a total floor area of approximately 44.69 square meters, situated on a land plot of about 95.04 square meters. The building is a two-story wooden structure constructed in January 1962. The property is currently tenanted, providing an annual rental income of 120,000 yen, representing an 8% yield. It is being sold as an owner-change property.
The property features a balcony of 12.5 square meters and a garden. The main lighting aspect is south-facing, and the lot is flat and well-shaped. The property is located in a quiet residential area. The building is connected to city water, a septic system, and uses propane gas for cooking. The kitchen is a Type II layout, and the bathroom has a window and is over 1 tsubo in size. The property is situated in a urbanization promotion area, with a building coverage ratio of 60% and a floor area ratio of 200%. The land is zoned for Category 1 medium-to-high-rise residential use. The property is accessed via a 1.5-meter-wide public road on the southwest side.
The property is a 13-minute walk from Iyo-Saijo Station on the Yosan Line. Nearby amenities include a MaxValu supermarket (1,349m away), a 7-Eleven convenience store (684m), and a FamilyMart (851m). The property is also near Oomachi Elementary School (528m) and Saijo Minami Junior High School (465m). The property is considered 'rebuilding impossible' under current regulations. This is a renovation project opportunity or a property for those seeking a move-in ready home in a quiet area with good transport links.
