Auction Property in Ibaraki: Land with Damaged House Requiring Major Renovation
This is a property up for auction, consisting of land and buildings (a residence and a garage) located at Katsushita, Namekata, Ibaraki Prefecture. The property is currently occupied by the owner. The main building's interior has suffered significant soiling and damage due to the keeping of multiple pets, necessitating high renovation costs. Prospective buyers must also account for several additional expenses. These include an unregistered garage structure, which will incur registration fees, and a solar panel system that is broken and unusable. Furthermore, the property uses well water; while a main water pipe is available on the road front, the cost to connect to it will be the responsibility of the buyer.
The building is a two-story wooden structure with a slate roof, constructed in February 1996. It has a total floor area of 150.00 square meters. The registered land area is 682.98 square meters. The property is located within an urban planning area but is not subject to specific use district regulations, with a building coverage ratio of 60% and a floor area ratio of 200%.
The auction has a base price of 2,930,000 yen. A deposit of 590,000 yen is required to participate. The minimum purchase price is set at 2,340,000 yen. The bidding deadline is May 15, 2026, with the opening of bids scheduled for May 22, 2026, and the final sale decision date set for June 12, 2026.
