Overview of Verubyu Uehonmachi (ヴェルビュ上本町)
Verubyu Uehonmachi (ヴェルビュ上本町) is a 28-year-old condominium located at Oosakashi Tennouji Ku Saiku Tani 1 Choume 6-18 (大阪市天王寺区細工谷1丁目6-18), Osaka, Japan. Built in 1998, it comprises 19 units in a Reinforced Concrete (RC) structure. It was constructed by Morita Kensetsu (モリタ建設).
Pricing & Floor Plans
Based on 22 past listings, prices have ranged from 2,480〜5,180万円 (approx. $165,333–$345,333 USD at ¥150/$).
Unit sizes range from 67.9–68.8 sqm (731–741 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥74.3万/sqm (approx. $4,953/sqm or $460/sqft).
Location & Neighborhood
The property is located at Oosakashi Tennouji Ku Saiku Tani 1 Choume 6-18 (大阪市天王寺区細工谷1丁目6-18), Osaka, Japan. It is a 9-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 28 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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