Overview of Gaadenhaitsu Kodaira 1 Ban Kan (ガーデンハイツ小平１番館)
Gaadenhaitsu Kodaira 1 Ban Kan (ガーデンハイツ小平１番館) is a 36-year-old condominium located at Kodairashi Ogawachou 1 Choume 445-1 (小平市小川町1丁目445-1), Tokyo, Japan. Built in 1990, it comprises 142 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Hase Kou Kooporeeshon (長谷工コーポレーション).
Pricing & Floor Plans
Based on 69 past listings, prices have ranged from 1,690〜4,580万円 (approx. $112,667–$305,333 USD at ¥150/$).
Unit sizes range from 76.1–142.3 sqm (819–1532 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥32.7万/sqm (approx. $2,179/sqm or $202/sqft).
Location & Neighborhood
The property is located at Kodairashi Ogawachou 1 Choume 445-1 (小平市小川町1丁目445-1), Tokyo, Japan. It is a 10-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 36 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 142 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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