Overview of Wakooreviaare Hyougo (ワコーレヴィアーレ兵庫)
Wakooreviaare Hyougo (ワコーレヴィアーレ兵庫) is a 26-year-old condominium located at Koubeshi Hyougo Ku Oohiraki Toori 9 Choume 2-14 (神戸市兵庫区大開通9丁目2-14), Hyogo, Japan. Built in 2000, it comprises 31 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Oka Koumuten (岡工務店).
Pricing & Floor Plans
Based on 8 past listings, prices have ranged from 1,840〜4,980万円 (approx. $122,667–$332,000 USD at ¥150/$).
Unit sizes range from 59.6–85.2 sqm (642–917 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥57.3万/sqm (approx. $3,818/sqm or $355/sqft).
Location & Neighborhood
The property is located at Koubeshi Hyougo Ku Oohiraki Toori 9 Choume 2-14 (神戸市兵庫区大開通9丁目2-14), Hyogo, 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 26 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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