Overview of Houkou Hatake Haitsu (宝高畑ハイツ)
Houkou Hatake Haitsu (宝高畑ハイツ) is a 43-year-old condominium located at Nagoyashi Nakagawa Ku Takahata 5 Choume 33-1 (名古屋市中川区高畑5丁目33-1), Aichi, Japan. Built in 1983, it comprises 49 units in a Reinforced Concrete (RC) structure. It was constructed by Zenidaka Kumi (銭高組).
Pricing & Floor Plans
Based on 10 past listings, prices have ranged from 880〜1,998万円 (approx. $58,667–$133,200 USD at ¥150/$).
Unit sizes range from 66.2–74.5 sqm (713–802 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 4DK (4-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥19.6万/sqm (approx. $1,309/sqm or $122/sqft).
Location & Neighborhood
The property is located at Nagoyashi Nakagawa Ku Takahata 5 Choume 33-1 (名古屋市中川区高畑5丁目33-1), Aichi, Japan. It is a 4-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 43 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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