Overview of Furesuto Ichinomiya (フレスト一宮)
Furesuto Ichinomiya (フレスト一宮) is a 35-year-old condominium located at Ichinomiya Ichiko Kanemachi 1 Choume 27 (一宮市古金町1丁目27), Aichi, Japan. Built in 1991, it comprises 15 units in a Reinforced Concrete (RC) structure. It was constructed by Nakamura Kensetsu (中村建設).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥22.4万/sqm (approx. $1,491/sqm or $139/sqft).
Location & Neighborhood
The property is located at Ichinomiya Ichiko Kanemachi 1 Choume 27 (一宮市古金町1丁目27), Aichi, Japan. It is a 17-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 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.
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