Overview of Esupoa Ichinomiya 2 (エスポア一宮２)
Esupoa Ichinomiya 2 (エスポア一宮２) is a 37-year-old condominium located at Ichinomiya Shi Izumi 2 Choume 22-9 (一宮市泉2丁目22-9), Aichi, Japan. Built in 1989, it comprises 38 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Nakamura Kensetsu (中村建設).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥17.4万/sqm (approx. $1,159/sqm or $108/sqft).
Location & Neighborhood
The property is located at Ichinomiya Shi Izumi 2 Choume 22-9 (一宮市泉2丁目22-9), Aichi, Japan. It is a 15-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 37 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.
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