Overview of Kontsuerutopaaku Yano Ni Ban Kan (コンツェルトパーク矢野弐番館)
Kontsuerutopaaku Yano Ni Ban Kan (コンツェルトパーク矢野弐番館) is a 25-year-old condominium located at Hiroshima Shi Akiku Yano Nishi 4 Choume 24-46 (広島市安芸区矢野西4丁目24-46), Hiroshima, Japan. Built in 2001, it comprises 38 units in a Reinforced Concrete (RC) structure. It was constructed by Masuoka Kumi (増岡組).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥38.6万/sqm (approx. $2,571/sqm or $239/sqft).
Location & Neighborhood
The property is located at Hiroshima Shi Akiku Yano Nishi 4 Choume 24-46 (広島市安芸区矢野西4丁目24-46), Hiroshima, Japan. It is a 8-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 25 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.