Overview of Nobakaneichi Tennouji (ノバカネイチ天王寺)
Nobakaneichi Tennouji (ノバカネイチ天王寺) is a 42-year-old condominium located at Oosakashi Tennouji Ku Terada Machi 1 Choume 3-3 (大阪市天王寺区寺田町1丁目3-3), Osaka, Japan. Built in 1984, it comprises 30 units in a Reinforced Concrete (RC) structure. It was constructed by Asanuma Kumi (浅沼組).
Pricing & Floor Plans
Based on 42 past listings, prices have ranged from 830〜2,998万円 (approx. $55,333–$199,867 USD at ¥150/$).
Unit sizes range from 40.0–102.3 sqm (431–1101 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 1LDK (1-bedroom w/ living-dining-kitchen), 2DK (2-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥41.9万/sqm (approx. $2,796/sqm or $260/sqft).
Location & Neighborhood
The property is located at Oosakashi Tennouji Ku Terada Machi 1 Choume 3-3 (大阪市天王寺区寺田町1丁目3-3), Osaka, Japan. It is a 6-minute walk to the nearest station. This is considered good station access by Japanese standards.
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 42 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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