Overview of Nyuuvaikingu 2 Goukan (ニューヴァイキング２号館)
Nyuuvaikingu 2 Goukan (ニューヴァイキング２号館) is a 53-year-old condominium located at Tanabe Shi Shinjou Machi 3141-1 (田辺市新庄町3141-1), Wakayama, Japan. Built in 1973, it comprises 0 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Takenakakoumuten (竹中工務店).
Pricing & Floor Plans
Based on 9 past listings, prices have ranged from 60〜280万円 (approx. $4,000–$18,667 USD at ¥150/$).
Unit sizes range from 38.0–42.4 sqm (409–456 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3K (3-bedroom w/ kitchen), 2K (2-bedroom w/ kitchen).
Location & Neighborhood
The property is located at Tanabe Shi Shinjou Machi 3141-1 (田辺市新庄町3141-1), Wakayama, Japan. It is a 10-minute walk to the nearest station. This is considered good station access by Japanese standards.
Investment Perspective
Seismic standards: Built in 1973, this property predates Japan's 1981 New Seismic Design Standards (新耐震基準). Buildings constructed before June 1981 were built to older earthquake resistance codes. Buyers should consider seismic retrofit status.
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 53 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.
Analyze this property's fair price and negotiation room for free at RE:public.