Property Overview
This is a used detached house located in the Hira no area of Kita Ward, Okayama City, Okayama Prefecture. The property is currently tenanted and is being offered as an owner-change (investment) opportunity. The building was constructed in March 2000 by Daiwa House Industry and features a lightweight steel frame structure over two storeys. The total floor area is 143.79 square meters, and the land area is 224.03 square meters. The layout is a 5LDK.
The property is situated within the Kibi Neopolis development, an established residential area with a well-organized streetscape. It is a 13-minute walk from the JR Sanyo Line's Niwase Station. Other nearby transport options include a 45-minute walk from Kitanagase Station or a 32-minute bus ride from Okayama Station, followed by a 7-minute walk from the Niwase Station bus stop. The property faces a public road approximately 5 meters wide to the east. The building coverage ratio is 60 percent, and the floor area ratio is 200 percent. The land is zoned as a Category 1 residential area within an urbanization promotion area. The property has ownership rights to the land, and the land category is residential land.
According to the agent notes, this is a tenanted property, and the existing lease agreement must be taken over by the new owner. The current annual rental income is 1,560,000 yen, representing a current yield of approximately 5.2 percent. The yield is calculated as the ratio of the annual rental income (including common area fees, etc.) to the sale price, before deducting taxes, public dues, and other expenses required to maintain the property. The assumed rent and yield are calculated based on market rent levels, adding rent for vacant units to simulate a fully occupied scenario. It is important to note that rental income is not guaranteed to be obtained reliably in the future. The survey date for this information is September 11, 2025.
Nearby amenities include a supermarket (Sanyo Marunaka Niwase Store) approximately 630 meters away (8 minutes on foot), a convenience store (Lawson Okayama Hira no Store) about 320 meters away (4 minutes on foot), and a bank branch (Chugoku Bank Niwase Branch) roughly 660 meters away (9 minutes on foot). The property is listed for sale at 29,800,000 yen.
