Overview of Nobakaneichi Honchou Midou (ノバカネイチ本町御堂)
Nobakaneichi Honchou Midou (ノバカネイチ本町御堂) is a 40-year-old condominium located at Oosakashi Chuuouku Bakuroumachi 4 Choume 7-1 (大阪市中央区博労町4丁目7-1), Osaka, Japan. Built in 1986, it comprises 48 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Taiseikensetsu (大成建設).
Pricing & Floor Plans
Based on 31 past listings, prices have ranged from 680〜1,750万円 (approx. $45,333–$116,667 USD at ¥150/$).
Unit sizes range from 11.9–36.9 sqm (128–397 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: ¥64.2万/sqm (approx. $4,282/sqm or $398/sqft).
Location & Neighborhood
The property is located at Oosakashi Chuuouku Bakuroumachi 4 Choume 7-1 (大阪市中央区博労町4丁目7-1), Osaka, 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 40 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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