Overview of Gurandohaitsu Higashi Koishi (グランドハイツ東小石)
Gurandohaitsu Higashi Koishi (グランドハイツ東小石) is a 42-year-old condominium located at Kitakyuushuushi Wakamatsuku Higashi Koishi Machi 9-37 (北九州市若松区東小石町9-37), Fukuoka, Japan. Built in 1984, it comprises 30 units in a Reinforced Concrete (RC) structure. It was constructed by Ukishiro Koumuten (浮城工務店).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥6.1万/sqm (approx. $407/sqm or $38/sqft).
Location & Neighborhood
The property is located at Kitakyuushuushi Wakamatsuku Higashi Koishi Machi 9-37 (北九州市若松区東小石町9-37), Fukuoka, Japan. It is a 1-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
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 42 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.
Analyze this property's fair price and negotiation room for free at RE:public.