Overview of Furoorensu Kuchita Minami Ni Ban Kan (フローレンス口田南弐番館)
Furoorensu Kuchita Minami Ni Ban Kan (フローレンス口田南弐番館) is a 33-year-old condominium located at Hiroshima Shi Asakitaku Kuchita Minami 7 Choume 19-3 (広島市安佐北区口田南7丁目19-3), Hiroshima, Japan. Built in 1993, it comprises 27 units in a Reinforced Concrete (RC) structure. It was constructed by Nishimatsu Kensetsu (西松建設).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥25.8万/sqm (approx. $1,718/sqm or $160/sqft).
Location & Neighborhood
The property is located at Hiroshima Shi Asakitaku Kuchita Minami 7 Choume 19-3 (広島市安佐北区口田南7丁目19-3), Hiroshima, Japan. It is a 6-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 33 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.