Overview of Guranmyuu Shintanabe (グランミュウ新田辺)
Guranmyuu Shintanabe (グランミュウ新田辺) is a 32-year-old condominium located at Kyoutanabe Ichida Hen 27-2 (京田辺市田辺27-2), Kyoto, Japan. Built in 1994, it comprises 15 units in a Reinforced Concrete (RC) structure. It was constructed by Uerusu (ウェルス).
Pricing & Floor Plans
Based on 17 past listings, prices have ranged from 400〜1,080万円 (approx. $26,667–$72,000 USD at ¥150/$).
Unit sizes range from 45.7–60.4 sqm (492–650 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥13.3万/sqm (approx. $889/sqm or $83/sqft).
Location & Neighborhood
The property is located at Kyoutanabe Ichida Hen 27-2 (京田辺市田辺27-2), Kyoto, Japan. It is a 11-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 32 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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