Overview of Neyagawa Sanhaitsu (寝屋川サンハイツ)
Neyagawa Sanhaitsu (寝屋川サンハイツ) is a 44-year-old condominium located at Neyagawashi Ikeda Kitamachi 24-1 , 2 (寝屋川市池田北町24-1,2), Osaka, Japan. Built in 1982, it comprises 413 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Mitsuikensetsu (三井建設).
Pricing & Floor Plans
Based on 225 past listings, prices have ranged from 750〜2,380万円 (approx. $50,000–$158,667 USD at ¥150/$).
Unit sizes range from 73.1–105.6 sqm (787–1137 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3SSLDK (3-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room).
Estimated price per sqm: ¥20.0万/sqm (approx. $1,333/sqm or $124/sqft).
Location & Neighborhood
The property is located at Neyagawashi Ikeda Kitamachi 24-1 , 2 (寝屋川市池田北町24-1,2), Osaka, Japan. It is a 20-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 44 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 413 units, this is a relatively large condominium. Larger buildings typically benefit from lower per-unit maintenance and repair reserve costs.
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.