Overview of Aabanvirejji Nakayama Te (アーバンヴィレッジ中山手)
Aabanvirejji Nakayama Te (アーバンヴィレッジ中山手) is a 27-year-old condominium located at Koubeshi Chuuouku Nakayamatedoori 3 Choume 11-10 (神戸市中央区中山手通3丁目11-10), Hyogo, Japan. Built in 1999, it comprises 32 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Hironari Kensetsu (広成建設).
Pricing & Floor Plans
Based on 18 past listings, prices have ranged from 1,890〜4,480万円 (approx. $126,000–$298,667 USD at ¥150/$).
Unit sizes range from 51.7–65.4 sqm (556–704 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 1LDK (1-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥63.6万/sqm (approx. $4,241/sqm or $394/sqft).
Location & Neighborhood
The property is located at Koubeshi Chuuouku Nakayamatedoori 3 Choume 11-10 (神戸市中央区中山手通3丁目11-10), Hyogo, 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 27 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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