Overview of Gurooriasu Nagakute (グローリアス長久手)
Gurooriasu Nagakute (グローリアス長久手) is a 35-year-old condominium located at Nagakute Shi Iwa Saku Ketsu Hana 99 (長久手市岩作欠花99), Aichi, Japan. Built in 1991, it comprises 29 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Morimoto Kumi (森本組).
Pricing & Floor Plans
Based on 31 past listings, prices have ranged from 1,080〜1,980万円 (approx. $72,000–$132,000 USD at ¥150/$).
Unit sizes range from 66.1–88.0 sqm (711–947 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: ¥21.9万/sqm (approx. $1,463/sqm or $136/sqft).
Location & Neighborhood
The property is located at Nagakute Shi Iwa Saku Ketsu Hana 99 (長久手市岩作欠花99), 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 35 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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