Overview of Ookurando Nishihonmachi (オークランド西本町)
Ookurando Nishihonmachi (オークランド西本町) is a 38-year-old condominium located at Kitakyuushuushi Yahatahigashi Ku Nishihonmachi 4 Choume 12-9 (北九州市八幡東区西本町4丁目12-9), Fukuoka, Japan. Built in 1988, it comprises 33 units in a Steel Reinforced Concrete (SRC) structure.
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥17.5万/sqm (approx. $1,167/sqm or $108/sqft).
Location & Neighborhood
The property is located at Kitakyuushuushi Yahatahigashi Ku Nishihonmachi 4 Choume 12-9 (北九州市八幡東区西本町4丁目12-9), Fukuoka, Japan. It is a 6-minute walk to the nearest station. This is considered good station access by Japanese standards.
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 38 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.