Overview of Gurooria Hatsuho Nerima (グローリア初穂練馬)
Gurooria Hatsuho Nerima (グローリア初穂練馬) is a 37-year-old condominium located at Nerimaku Toyotamakita 6 Choume 13-17 (練馬区豊玉北6丁目13-17), Tokyo, Japan. Built in 1989, it comprises 33 units in a Reinforced Concrete (RC) structure. It was constructed by Sada Kensetsu (佐田建設).
Pricing & Floor Plans
Based on 21 past listings, prices have ranged from 680〜1,250万円 (approx. $45,333–$83,333 USD at ¥150/$).
Unit sizes range from 17.1–20.3 sqm (184–219 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1K (1-bedroom w/ kitchen), 1R (Studio).
Estimated price per sqm: ¥67.4万/sqm (approx. $4,496/sqm or $418/sqft).
Location & Neighborhood
The property is located at Nerimaku Toyotamakita 6 Choume 13-17 (練馬区豊玉北6丁目13-17), Tokyo, Japan. It is a 5-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
Investment Perspective
Building depreciation: In Japan, buildings depreciate significantly over time. Wood-frame houses depreciate to near-zero value at around 22 years, while RC structures depreciate more slowly but still lose value. At 37 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Key cultural note: Unlike the US where properties typically appreciate over time, Japanese buildings depreciate while the underlying land tends to hold or gain value. This means buyers should evaluate the land-to-building value ratio carefully.
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