Overview of Byuuparesu Kita Obuchi (ビューパレス北小渕)
Byuuparesu Kita Obuchi (ビューパレス北小渕) is a 28-year-old condominium located at Ichinomiya Shi Kita Obuchi Shobata 127-1 (一宮市北小渕勝幡127-1), Aichi, Japan. Built in 1998, it comprises 18 units in a Reinforced Concrete (RC) structure. It was constructed by Andou Kensetsu (安藤建設).
Pricing & Floor Plans
Based on 13 past listings, prices have ranged from 1,080〜1,480万円 (approx. $72,000–$98,667 USD at ¥150/$).
Unit sizes range from 82.0–82.1 sqm (883–884 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥14.8万/sqm (approx. $986/sqm or $92/sqft).
Location & Neighborhood
The property is located at Ichinomiya Shi Kita Obuchi Shobata 127-1 (一宮市北小渕勝幡127-1), Aichi, Japan. It is a 47-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 28 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.
Analyze this property's fair price and negotiation room for free at RE:public.