Overview of Nooburu Shibuya Honchou (ノーブル渋谷本町)
Nooburu Shibuya Honchou (ノーブル渋谷本町) is a 39-year-old condominium located at Shibuyaku Honchou 6 Choume 42-4 (渋谷区本町6丁目42-4), Tokyo, Japan. Built in 1987, it comprises 12 units in a 鉄骨造 structure. It was constructed by Shinyashiki Koumuten (新屋敷工務店).
Pricing & Floor Plans
Based on 22 past listings, prices have ranged from 700〜1,180万円 (approx. $46,667–$78,667 USD at ¥150/$).
Unit sizes range from 12.2–14.2 sqm (131–153 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1K (1-bedroom w/ kitchen), 1R (Studio).
Estimated price per sqm: ¥67.1万/sqm (approx. $4,471/sqm or $415/sqft).
Location & Neighborhood
The property is located at Shibuyaku Honchou 6 Choume 42-4 (渋谷区本町6丁目42-4), Tokyo, Japan. It is a 8-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 39 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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