Overview of Famiiru Heiya (ファミール平野)
Famiiru Heiya (ファミール平野) is a 41-year-old condominium located at Oosakashi Heiya Ku Heiya Minami 1 Choume 11-23 (大阪市平野区平野南1丁目11-23), Osaka, Japan. Built in 1985, it comprises 58 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Toukyuukensetsu (東急建設).
Pricing & Floor Plans
Based on 39 past listings, prices have ranged from 1,280〜2,698万円 (approx. $85,333–$179,867 USD at ¥150/$).
Unit sizes range from 58.7–75.9 sqm (632–817 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥29.4万/sqm (approx. $1,957/sqm or $182/sqft).
Location & Neighborhood
The property is located at Oosakashi Heiya Ku Heiya Minami 1 Choume 11-23 (大阪市平野区平野南1丁目11-23), Osaka, Japan. It is a 13-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 41 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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