Overview of Nebaarando Ikeda (ネバーランド池田)
Nebaarando Ikeda (ネバーランド池田) is a 23-year-old condominium located at Ikeda Shi Hachi Ouji 1 Choume 2-17 (池田市八王寺1丁目2-17), Osaka, Japan. Built in 2003, it comprises 44 units in a Reinforced Concrete (RC) structure. It was constructed by Dai Tekkou Gyou (大鉄工業).
Pricing & Floor Plans
Based on 23 past listings, prices have ranged from 2,080〜3,398万円 (approx. $138,667–$226,533 USD at ¥150/$).
Unit sizes range from 66.3–82.0 sqm (714–883 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥42.4万/sqm (approx. $2,828/sqm or $263/sqft).
Location & Neighborhood
The property is located at Ikeda Shi Hachi Ouji 1 Choume 2-17 (池田市八王寺1丁目2-17), Osaka, Japan. It is a 11-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 23 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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