Overview of Wakoore Nada Hauisshu (ワコーレ灘ハウイッシュ)
Wakoore Nada Hauisshu (ワコーレ灘ハウイッシュ) is a 23-year-old condominium located at Koubeshi Nadaku Iwaya Kitamachi 4 Choume 4-5 (神戸市灘区岩屋北町4丁目4-5), Hyogo, Japan. Built in 2003, it comprises 44 units in a Reinforced Concrete (RC) structure. It was constructed by Oka Koumuten (岡工務店).
Pricing & Floor Plans
Based on 18 past listings, prices have ranged from 2,780〜4,980万円 (approx. $185,333–$332,000 USD at ¥150/$).
Unit sizes range from 55.4–85.1 sqm (596–916 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥65.9万/sqm (approx. $4,393/sqm or $408/sqft).
Location & Neighborhood
The property is located at Koubeshi Nadaku Iwaya Kitamachi 4 Choume 4-5 (神戸市灘区岩屋北町4丁目4-5), Hyogo, Japan. It is a 2-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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