Overview of Esupoa Toyoake 6 (エスポア豊明６)
Esupoa Toyoake 6 (エスポア豊明６) is a 32-year-old condominium located at Toyoake Shi Nitta Machijuu No Wari 80-27 ~ 28 (豊明市新田町中ノ割80-27〜28), Aichi, Japan. Built in 1994, it comprises 36 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Arai (新井).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥22.9万/sqm (approx. $1,524/sqm or $142/sqft).
Location & Neighborhood
The property is located at Toyoake Shi Nitta Machijuu No Wari 80-27 ~ 28 (豊明市新田町中ノ割80-27〜28), Aichi, Japan. It is a 17-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 32 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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