Overview of Aavein Nishiakashi (アーヴェイン西明石)
Aavein Nishiakashi (アーヴェイン西明石) is a 40-year-old condominium located at Akashishi Fujie 983-1 (明石市藤江983-1), Hyogo, Japan. Built in 1986, it comprises 51 units in a Reinforced Concrete (RC) structure. It was constructed by Akashi Kensetsu (明石建設).
Pricing & Floor Plans
Based on 24 past listings, prices have ranged from 520〜890万円 (approx. $34,667–$59,333 USD at ¥150/$).
Unit sizes range from 38.6–61.9 sqm (415–666 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 2DK (2-bedroom w/ dining-kitchen), 3K (3-bedroom w/ kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥15.4万/sqm (approx. $1,029/sqm or $96/sqft).
Location & Neighborhood
The property is located at Akashishi Fujie 983-1 (明石市藤江983-1), Hyogo, Japan. It is a 10-minute walk to the nearest station. This is considered good station access by Japanese standards.
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.
Scale advantage: With 51 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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