Overview of Nisshin Paresuteeji Nobeoka Ekimae (日神パレステージ延岡駅前)
Nisshin Paresuteeji Nobeoka Ekimae (日神パレステージ延岡駅前) is a 35-year-old condominium located at Nobeoka Shi Hagi Machi 41-1 (延岡市萩町41-1), Miyazaki, Japan. Built in 1991, it comprises 56 units in a Reinforced Concrete (RC) structure.
Pricing & Floor Plans
Based on 49 past listings, prices have ranged from 120〜240万円 (approx. $8,000–$16,000 USD at ¥150/$).
Unit sizes range from 17.6–22.6 sqm (189–243 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1K (1-bedroom w/ kitchen), 1R (Studio).
Location & Neighborhood
The property is located at Nobeoka Shi Hagi Machi 41-1 (延岡市萩町41-1), Miyazaki, Japan. It is a 3-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 35 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 56 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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