Overview of Rekkusu Yokohama Sekiuchi (レックス横浜関内)
Rekkusu Yokohama Sekiuchi (レックス横浜関内) is a 28-year-old condominium located at Yokohamashi Nakaku Okina Machi 2 Choume 7-1 (横浜市中区翁町2丁目7-1), Kanagawa, Japan. Built in 1998, it comprises 22 units in a Reinforced Concrete (RC) structure. It was constructed by Goyoukensetsu , Touyou Hoomu (五洋建設、 東洋ホーム).
Pricing & Floor Plans
Based on 25 past listings, prices have ranged from 2,340〜4,480万円 (approx. $156,000–$298,667 USD at ¥150/$).
Unit sizes range from 53.1–67.4 sqm (572–725 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥71.0万/sqm (approx. $4,735/sqm or $440/sqft).
Location & Neighborhood
The property is located at Yokohamashi Nakaku Okina Machi 2 Choume 7-1 (横浜市中区翁町2丁目7-1), 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 28 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.