Overview of Mezon・do・verutei (メゾン・ド・ヴェルティ)
Mezon・do・verutei (メゾン・ド・ヴェルティ) is a 37-year-old condominium located at Hiroshima Shi Minamiku Dai Shuu 2 Choume 11-12 (広島市南区大州2丁目11-12), Hiroshima, Japan. Built in 1989, it comprises 80 units in a Reinforced Concrete (RC) structure.
Pricing & Floor Plans
Based on 61 past listings, prices have ranged from 240〜490万円 (approx. $16,000–$32,667 USD at ¥150/$).
Unit sizes range from 16.4–18.3 sqm (177–197 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1K (1-bedroom w/ kitchen), 1R (Studio), 1DK (1-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥20.8万/sqm (approx. $1,387/sqm or $129/sqft).
Location & Neighborhood
The property is located at Hiroshima Shi Minamiku Dai Shuu 2 Choume 11-12 (広島市南区大州2丁目11-12), Hiroshima, Japan. It is a 12-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
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.
Scale advantage: With 80 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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