Historic 1911 Traditional Japanese House with Investment Potential in Karatsu
This unique property presents a rare opportunity to own a piece of history in Karatsu City, Saga Prefecture. The main house, built in January 1911, is a wooden two-story structure with a total floor area of 76.02 sqm (approx. 22.99 tsubo). The layout is a spacious 5SK, comprising four Japanese-style rooms (4.5, 6, 6, and 8 tatami mats), one Western-style room (8 tatami mats), and a 2.5-mat service room. The property is sold in its current condition 'as-is'. The sale includes three plots: the main house plot (112.84 sqm of residential land), a rental house plot (52.90 sqm of residential land), and an agricultural field (59 sqm). The agricultural land requires Article 5 conversion for use. An existing well is no longer functional and cannot be used.
Key equipment includes air conditioning, lighting fixtures, propane gas, electricity, and a water supply. Important special notes: A rental agreement exists for the secondary house, but no formal contract is available, and the tenant is responsible for repair costs. The entire site is designated within a landslide disaster yellow zone (steep slope collapse) and a storm surge inundation area of 1.0m to under 3.0m. Rebuilding requires assessment by a certified architect. The electrical capacity is 30A. A public sewer main is installed on the front road with a connection point on the property (currently unconnected). The water supply pipe is 13mm. There is a monthly parking lot nearby.
The property offers an investment angle with an estimated annual rental income of 300,000 yen and a projected yield of 20%. The location is highly convenient, just a 2-minute walk from Nagohama bus stop. The area is rich in history, being near the famous Nagoya Castle area, a base for Toyotomi Hideyoshi's invasions of Korea in the 16th century. The closest major landmark is the Saga Prefectural Nagoya Castle Museum, approximately 1.1km away, which offers deep insights into this significant historical period.
