Overview of Kosutamira Nishikinohama 5 Ban Kan (コスタミラにしきのはま５番館)
Kosutamira Nishikinohama 5 Ban Kan (コスタミラにしきのはま５番館) is a 33-year-old condominium located at Kaizukashi Nishoku 2 Choume 5-5 (貝塚市二色2丁目5-5), Osaka, Japan. Built in 1993, it comprises 72 units in a Reinforced Concrete (RC) structure. It was constructed by Hase Kou Kooporeeshon , Shimizukensetsu , Mizu Tekken Setsu (長谷工コーポレーション、 清水建設、 水鉄建設).
Pricing & Floor Plans
Based on 41 past listings, prices have ranged from 580〜2,580万円 (approx. $38,667–$172,000 USD at ¥150/$).
Unit sizes range from 60.2–165.4 sqm (648–1780 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 4SLDK (4-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥8.7万/sqm (approx. $579/sqm or $54/sqft).
Location & Neighborhood
The property is located at Kaizukashi Nishoku 2 Choume 5-5 (貝塚市二色2丁目5-5), Osaka, Japan. It is a 5-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 33 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 72 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.
Analyze this property's fair price and negotiation room for free at RE:public.