Overview of Verudekooto Ookura Nishi Ichiban Kan (ヴェルデコート大蔵西壱番館)
Verudekooto Ookura Nishi Ichiban Kan (ヴェルデコート大蔵西壱番館) is a 29-year-old condominium located at Kitakyuushuushi Yahatahigashi Ku Ookura 1 Choume 1-1 (北九州市八幡東区大蔵1丁目1-1), Fukuoka, Japan. Built in 1997, it comprises 54 units in a Steel Reinforced Concrete (SRC) structure.
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥21.6万/sqm (approx. $1,443/sqm or $134/sqft).
Location & Neighborhood
The property is located at Kitakyuushuushi Yahatahigashi Ku Ookura 1 Choume 1-1 (北九州市八幡東区大蔵1丁目1-1), Fukuoka, Japan. It is a 15-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 29 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 54 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.
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