Overview of Verubyu Daikan Machi (ヴェルビュ代官町)
Verubyu Daikan Machi (ヴェルビュ代官町) is a 34-year-old condominium located at Nagoyashi Higashiku Daikan Machi 1-16 (名古屋市東区代官町1-16), Aichi, Japan. Built in 1992, it comprises 58 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Nihonkokudokaihatsu (日本国土開発).
Pricing & Floor Plans
Based on 29 past listings, prices have ranged from 850〜3,980万円 (approx. $56,667–$265,333 USD at ¥150/$).
Unit sizes range from 38.1–93.3 sqm (410–1004 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 1R (Studio), 1DK (1-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥35.9万/sqm (approx. $2,391/sqm or $222/sqft).
Location & Neighborhood
The property is located at Nagoyashi Higashiku Daikan Machi 1-16 (名古屋市東区代官町1-16), Aichi, Japan. It is a 14-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 34 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 58 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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