Overview of Gurandohaitsu Maeda (グランドハイツ前田)
Gurandohaitsu Maeda (グランドハイツ前田) is a 41-year-old condominium located at Kitakyuushuushi Yahatahigashi Ku Maeda 2 Choume 15-15 (北九州市八幡東区前田2丁目15-15), Fukuoka, Japan. Built in 1985, it comprises 10 units in a Reinforced Concrete (RC) structure.
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥6.8万/sqm (approx. $453/sqm or $42/sqft).
Location & Neighborhood
The property is located at Kitakyuushuushi Yahatahigashi Ku Maeda 2 Choume 15-15 (北九州市八幡東区前田2丁目15-15), Fukuoka, Japan. It is a 13-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 41 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.