Overview of Neoshitei Hiratsuka (ネオシティ平塚)
Neoshitei Hiratsuka (ネオシティ平塚) is a 31-year-old condominium located at Hiratsukashi Goten 4 Choume 1-45 (平塚市御殿4丁目1-45), Kanagawa, Japan. Built in 1995, it comprises 30 units in a Reinforced Concrete (RC) structure. It was constructed by Kashima Kensetsu (鹿島建設).
Pricing & Floor Plans
Based on 31 past listings, prices have ranged from 600〜1,590万円 (approx. $40,000–$106,000 USD at ¥150/$).
Unit sizes range from 56.4–61.8 sqm (607–665 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥16.4万/sqm (approx. $1,094/sqm or $102/sqft).
Location & Neighborhood
The property is located at Hiratsukashi Goten 4 Choume 1-45 (平塚市御殿4丁目1-45), Kanagawa, Japan. It is a 5-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
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 31 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.