Overview of Esuteeto Kamimizu Honchou 7 Goutou (エステート上水本町７号棟)
Esuteeto Kamimizu Honchou 7 Goutou (エステート上水本町７号棟) is a 42-year-old condominium located at Kodairashi Kamimizu Honchou 6 Choume 5-7 (小平市上水本町6丁目5-7), Tokyo, Japan. Built in 1984, it comprises 25 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: ¥34.4万/sqm (approx. $2,291/sqm or $213/sqft).
Location & Neighborhood
The property is located at Kodairashi Kamimizu Honchou 6 Choume 5-7 (小平市上水本町6丁目5-7), 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
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 42 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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