Overview of Noba Moriguchi (ノバ守口)
Noba Moriguchi (ノバ守口) is a 35-year-old condominium located at Moriguchishi Yakumo Nakamachi 1 Choume 20-3 (守口市八雲中町1丁目20-3), Osaka, Japan. Built in 1991, it comprises 33 units in a Reinforced Concrete (RC) structure. It was constructed by Morita Kensetsu (モリタ建設).
Pricing & Floor Plans
Based on 22 past listings, prices have ranged from 1,080〜2,898万円 (approx. $72,000–$193,200 USD at ¥150/$).
Unit sizes range from 53.1–64.4 sqm (572–693 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥40.6万/sqm (approx. $2,710/sqm or $252/sqft).
Location & Neighborhood
The property is located at Moriguchishi Yakumo Nakamachi 1 Choume 20-3 (守口市八雲中町1丁目20-3), Osaka, 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 35 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.