Overview of Mihara Byuuhaitsu (三原ビューハイツ)
Mihara Byuuhaitsu (三原ビューハイツ) is a 43-year-old condominium located at Mihara Shi En Ichi Machi 4 Choume 2-14 (三原市円一町4丁目2-14), Hiroshima, Japan. Built in 1983, it comprises 0 units in a Steel Reinforced Concrete (SRC) structure.
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥16.2万/sqm (approx. $1,078/sqm or $100/sqft).
Location & Neighborhood
The property is located at Mihara Shi En Ichi Machi 4 Choume 2-14 (三原市円一町4丁目2-14), Hiroshima, 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 43 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.