Overview of Seressokooto Joutou Akuaveeru (セレッソコート城東アクアヴェール)
Seressokooto Joutou Akuaveeru (セレッソコート城東アクアヴェール) is a 24-year-old condominium located at Oosakashi Joutouku Noe 2 Choume 1-9 (大阪市城東区野江2丁目1-9), Osaka, Japan. Built in 2002, it comprises 84 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Hironari Kensetsu (広成建設).
Pricing & Floor Plans
Based on 25 past listings, prices have ranged from 1,990〜4,880万円 (approx. $132,667–$325,333 USD at ¥150/$).
Unit sizes range from 62.1–82.1 sqm (668–884 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: ¥61.7万/sqm (approx. $4,114/sqm or $382/sqft).
Location & Neighborhood
The property is located at Oosakashi Joutouku Noe 2 Choume 1-9 (大阪市城東区野江2丁目1-9), Osaka, 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 24 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 84 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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