Overview of Raifupuraza Yokohama Seya (ライフプラザ横浜瀬谷)
Raifupuraza Yokohama Seya (ライフプラザ横浜瀬谷) is a 28-year-old condominium located at Yokohamashiseyaku Chuuou 3-6 (横浜市瀬谷区中央3-6), Kanagawa, Japan. Built in 1998, it comprises 62 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Toda Kensetsu , Soutetsu Kensetsu (戸田建設、 相鉄建設).
Pricing & Floor Plans
Based on 18 past listings, prices have ranged from 1,880〜4,380万円 (approx. $125,333–$292,000 USD at ¥150/$).
Unit sizes range from 54.7–69.9 sqm (589–752 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥65.8万/sqm (approx. $4,387/sqm or $408/sqft).
Location & Neighborhood
The property is located at Yokohamashiseyaku Chuuou 3-6 (横浜市瀬谷区中央3-6), Kanagawa, Japan. It is a 1-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 28 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 62 units, this is a relatively large condominium. Larger buildings typically benefit from lower per-unit maintenance and repair reserve costs.
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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