Overview of Konseeru Kakuouzan (コンセール覚王山)
Konseeru Kakuouzan (コンセール覚王山) is a 29-year-old condominium located at Nagoyashi Chikusaku Kahou Machi 7 Choume 9-4 (名古屋市千種区下方町7丁目9-4), Aichi, Japan. Built in 1997, it comprises 36 units in a Reinforced Concrete (RC) structure. It was constructed by Tekken Kensetsu (鉄建建設).
Pricing & Floor Plans
Based on 52 past listings, prices have ranged from 1,980〜4,450万円 (approx. $132,000–$296,667 USD at ¥150/$).
Unit sizes range from 68.4–102.4 sqm (736–1102 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 5LDK (5-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥41.4万/sqm (approx. $2,759/sqm or $256/sqft).
Location & Neighborhood
The property is located at Nagoyashi Chikusaku Kahou Machi 7 Choume 9-4 (名古屋市千種区下方町7丁目9-4), Aichi, Japan. It is a 14-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 29 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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