Overview of Nishihara Guriinhaitsu 5 Goutou (西原グリーンハイツ５号棟)
Nishihara Guriinhaitsu 5 Goutou (西原グリーンハイツ５号棟) is a 46-year-old condominium located at Nishitoukyou Shi Nishihara Machi 4 Choume 4-17 (西東京市西原町4丁目4-17), Tokyo, Japan. Built in 1980, it comprises 64 units in a Reinforced Concrete (RC) structure. It was constructed by Juutaku Toshi Seibi Koudan (住宅都市整備公団).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥23.2万/sqm (approx. $1,548/sqm or $144/sqft).
Location & Neighborhood
The property is located at Nishitoukyou Shi Nishihara Machi 4 Choume 4-17 (西東京市西原町4丁目4-17), Tokyo, Japan. It is a 20-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
Investment Perspective
Seismic standards: Built in 1980, this property predates Japan's 1981 New Seismic Design Standards (新耐震基準). Buildings constructed before June 1981 were built to older earthquake resistance codes. Buyers should consider seismic retrofit status.
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 46 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 64 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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