Overview of Raionzumanshon Fukuyama Mikado Machi (ライオンズマンション福山御門町)
Raionzumanshon Fukuyama Mikado Machi (ライオンズマンション福山御門町) is a 36-year-old condominium located at Fukuyamashi Mikado Machi 3 Choume 3-3 (福山市御門町3丁目3-3), Hiroshima, Japan. Built in 1990, it comprises 41 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Yoshimoto Kumi (吉本組).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥22.5万/sqm (approx. $1,501/sqm or $139/sqft).
Location & Neighborhood
The property is located at Fukuyamashi Mikado Machi 3 Choume 3-3 (福山市御門町3丁目3-3), Hiroshima, 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 36 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.