Overview of Guranhiru Chiyoda Tera Ke Ike Kouen 1 Ban Kan (グランヒル千代田寺ヶ池公園１番館)
Guranhiru Chiyoda Tera Ke Ike Kouen 1 Ban Kan (グランヒル千代田寺ヶ池公園１番館) is a 28-year-old condominium located at Kawachinagano Shi Oyamada Machi 451-157 (河内長野市小山田町451-157), Osaka, Japan. Built in 1998, it comprises 179 units in a Reinforced Concrete (RC) structure. It was constructed by Maeda Kensetsu Kougyou , Dai Matsu Kensetsu (前田建設工業、 大末建設).
Pricing & Floor Plans
Based on 42 past listings, prices have ranged from 960〜2,150万円 (approx. $64,000–$143,333 USD at ¥150/$).
Unit sizes range from 73.8–89.6 sqm (794–964 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥15.3万/sqm (approx. $1,023/sqm or $95/sqft).
Location & Neighborhood
The property is located at Kawachinagano Shi Oyamada Machi 451-157 (河内長野市小山田町451-157), Osaka, Japan. It is a 22-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.
Scale advantage: With 179 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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