Overview of Ajuuru Denmachou (アジュール伝馬町)
Ajuuru Denmachou (アジュール伝馬町) is a 23-year-old condominium located at Nagoyashi Atsuta Ku Tenma 3 Choume 8-8 (名古屋市熱田区伝馬3丁目8-8), Aichi, Japan. Built in 2003, it comprises 38 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Magara Kensetsu (真柄建設).
Pricing & Floor Plans
Based on 22 past listings, prices have ranged from 1,870〜3,480万円 (approx. $124,667–$232,000 USD at ¥150/$).
Unit sizes range from 74.9–84.3 sqm (806–907 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥38.5万/sqm (approx. $2,567/sqm or $238/sqft).
Location & Neighborhood
The property is located at Nagoyashi Atsuta Ku Tenma 3 Choume 8-8 (名古屋市熱田区伝馬3丁目8-8), Aichi, 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 23 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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