Overview of Dio・ferutei Honchou Nishi (ディオ・フェルティ本町西)
Dio・ferutei Honchou Nishi (ディオ・フェルティ本町西) is a 31-year-old condominium located at Oosakashi Nishiku Shinmachi 4 Choume 8-22 (大阪市西区新町4丁目8-22), Osaka, Japan. Built in 1995, it comprises 65 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Hase Kou Kooporeeshon (長谷工コーポレーション).
Pricing & Floor Plans
Based on 31 past listings, prices have ranged from 1,880〜4,898万円 (approx. $125,333–$326,533 USD at ¥150/$).
Unit sizes range from 58.2–70.4 sqm (626–758 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: ¥73.8万/sqm (approx. $4,922/sqm or $457/sqft).
Location & Neighborhood
The property is located at Oosakashi Nishiku Shinmachi 4 Choume 8-22 (大阪市西区新町4丁目8-22), Osaka, 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.
Scale advantage: With 65 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.