Overview of Hagiwarachou Paakuhausu (萩原町パークハウス)
Hagiwarachou Paakuhausu (萩原町パークハウス) is a 30-year-old condominium located at Nagoyashi Shouwaku Hagiwarachou 4 Choume 22 (名古屋市昭和区萩原町4丁目22), Aichi, Japan. Built in 1996, it comprises 54 units in a Reinforced Concrete (RC) structure. It was constructed by Takenakakoumuten (竹中工務店).
Pricing & Floor Plans
Based on 14 past listings, prices have ranged from 2,380〜2,999万円 (approx. $158,667–$199,933 USD at ¥150/$).
Unit sizes range from 71.5–98.3 sqm (770–1058 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 4SLDK (4-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room).
Estimated price per sqm: ¥39.1万/sqm (approx. $2,610/sqm or $242/sqft).
Location & Neighborhood
The property is located at Nagoyashi Shouwaku Hagiwarachou 4 Choume 22 (名古屋市昭和区萩原町4丁目22), Aichi, Japan. It is a 9-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 30 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 54 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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