Overview of Paakuhausu Nakasuji & Gaaden (パークハウス中筋＆ガーデン)
Paakuhausu Nakasuji & Gaaden (パークハウス中筋＆ガーデン) is a 25-year-old condominium located at Hiroshima Shi Asaminamiku Nakasuji 3 Choume 29-13 (広島市安佐南区中筋3丁目29-13), Hiroshima, Japan. Built in 2001, it comprises 89 units in a Reinforced Concrete (RC) structure. It was constructed by Shimizukensetsu (清水建設).
Pricing & Floor Plans
Based on 10 past listings, prices have ranged from 1,950〜3,840万円 (approx. $130,000–$256,000 USD at ¥150/$).
Unit sizes range from 72.4–83.2 sqm (779–896 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥44.2万/sqm (approx. $2,948/sqm or $274/sqft).
Location & Neighborhood
The property is located at Hiroshima Shi Asaminamiku Nakasuji 3 Choume 29-13 (広島市安佐南区中筋3丁目29-13), Hiroshima, Japan. It is a 1-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 25 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 89 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.
Analyze this property's fair price and negotiation room for free at RE:public.