Overview of Nobakaneichi Yoriki Machi (ノバカネイチ与力町)
Nobakaneichi Yoriki Machi (ノバカネイチ与力町) is a 44-year-old condominium located at Oosakashi Kitaku Yoriki Machi 6-26 (大阪市北区与力町6-26), Osaka, Japan. Built in 1982, it comprises 24 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Morita Kensetsu (モリタ建設).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥54.3万/sqm (approx. $3,617/sqm or $336/sqft).
Location & Neighborhood
The property is located at Oosakashi Kitaku Yoriki Machi 6-26 (大阪市北区与力町6-26), Osaka, Japan. It is a 7-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 44 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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