Akiya Listings — Cheap Houses in Japan

1973 Leasehold House near Itabashi’s Oyama

≈ $156,945 (¥25,000,000)

Illustration of 1973 Leasehold House near Itabashi's Oyama — akiya for sale in Oyama-Nishicho, Itabashi-ku, Tokyo
Location
Oyama-Nishicho, Itabashi-ku, Tokyo
Land size
72.33 m2 (registry) – leasehold, not freehold
Building size
53.72 m2 (timber, 2 storeys)
Year built
August 1973
Condition
Currently occupied, not vacant. Old-law leasehold (旧法賃借権): ground rent 15,316 yen/month, term to end of August 2028, renewal 10% of leasehold value, transfer consent 10% of sale price, rebuild consent fee negotiated separately. Sold as-is; condition unverified.
Access
Tobu Tojo Line, Oyama 9 min walk; Nakaitabashi 12 min
Source
🔒 members only

Two facts about this one matter more than its price, and both need stating first: the land is leasehold rather than freehold, and the house is currently occupied rather than vacant. With that established – a 1973 timber two-storey, 53.72 m2 of building on a 72.33 m2 plot in Oyama-Nishicho, nine minutes' walk from Oyama station. The tenure is 旧法賃借権,…

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