Overview of Koopu Nomura Rakuraku Sono (コープ野村楽々園)
Koopu Nomura Rakuraku Sono (コープ野村楽々園) is a 40-year-old condominium located at Hiroshima Shi Saekiku Rakuraku Sono 4 Choume 13-32 (広島市佐伯区楽々園4丁目13-32), Hiroshima, Japan. Built in 1986, it comprises 28 units in a Reinforced Concrete (RC) structure. It was constructed by Takenakakoumuten (竹中工務店).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥24.1万/sqm (approx. $1,610/sqm or $150/sqft).
Location & Neighborhood
The property is located at Hiroshima Shi Saekiku Rakuraku Sono 4 Choume 13-32 (広島市佐伯区楽々園4丁目13-32), Hiroshima, Japan. It is a 5-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 40 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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