◍ Nerima Ward, Tokyo
Land in Nerima
$301,935
✓ Freehold✓ Rebuildable
PULSE SCORE
71/100
Strong
VS FAIR VALUE
-59%
Below estimate
EST. GROSS YIELD
—
Gross, est.
LAND VALUE
$1,925/m²
-59% vs ward
VALUATION · MLIT DATA
Is this a good deal?
FAIR VALUE EST.
$738,071
$627,360–$848,781
LISTED PRICE
$301,935
-59% below
BELOWFAIRABOVE
PRICE HISTORY
No price changes since listing.
PULSE SCORE · LAND
How it scores
● Strong · 71/100
Land Price per m² vs Ward Median25/25
$995/m²/buildable m² — 53% below Nerima benchmark $2,103/m² ✓✓ (zoned FAR — road width unverified)
Price vs MLIT Fair Value+3 pts
-53% below MLIT fair value — genuine discount ✓
Rebuild Permission8/20
Rebuild status unverified (SUUMO) — treated as neutral; confirm with agent ⚠
Station Proximity4/15
18-min walk to station — longer commute
Land Size15/15
156.84m² — strong development potential ✓
Zone & Development Grade6/15
Residential zone — residential build only
Freehold Ownership10/10
Freehold (所有権) — full land title ✓
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Start free trial →PROPERTY FACTS
FLOOR
—
LAND
156.84 m²
LAYOUT
—
BUILT
—
STRUCTURE
—
TITLE
Freehold
🚉 Hoya Station · 18 min walk
About this property
✦ AI summaryA 156.84 m² freehold land plot in Nerima, Tokyo. Located 18 min walk from Hoya Station. Rebuilding is permitted, making this suitable for custom home construction or development. Freehold title provides full land ownership rights with no ground lease obligations. An attractive option for investors seeking a Tokyo land-banking position or buyers planning a custom-built residence in an established Nerima neighbourhood.
WARD MARKET CONTEXT
MARKET RANK
Top 81%
vs Nerima
FLEXIBILITY
Medium
From price positioning
LAND ECON.
$1,925/m²-59%
Median $4,706/m²
STRUCTURE
—Land play
Land-value play
Area Guide · Nerima
✦ AI summaryNerima ward offers spacious homes at accessible price points along the Seibu Ikebukuro and Toei Oedo lines. Its suburban character, large plots, and manga/animation heritage attract families and creative professionals seeking more space than central wards can offer.
COMPARABLES
Similar nearby
MLIT Sale86%SOLD
$316,129
155m² · Q1 2024
MLIT Sale85%SOLD
$309,677
150m² · Q1 2024
MLIT Sale83%SOLD
$316,129
150m² · Q3 2024
65%$353,548
2DK · 50.15m²
アルテシモ クレルトルテ 10階
Koto
$301,935
26.43m²
パール上池袋 3階
Toshima
$303,097
41.8m²
61%$237,419
2DK · 58.32m²
60%$295,484
2DK · 46.16m²
60%$295,484
3DK · 81.52m²
ALL-IN COST
List Price$301,935
Acquisition Tax (~3%)$9,058
Registration (~2%)$6,039
Agent Fee (~3.3%)$9,964
Total All-in$326,996
RENTAL YIELD ESTIMATOR
Gross Yield4.87%
Annual Rent$14,710
$301,935
● Strong · 71/100
⚠
Check on SUUMO →This listing may no longer be available — it hasn't been seen in our latest scrape.
Freehold1 / 3Nerima Ward, Tokyo
Land in Nerima
LISTED PRICE
$301,935
$1,925/m² land
VS FAIR VALUEBelow Market
-59%
Below estimate· Est. $738,071
PULSE SCORE
71/100
Strong
EST. GROSS YIELD
—
Gross, est.
LAND VALUE
$1,925/m²
-59% vs ward
About This Property
AI-generated summaryA 156.84 m² freehold land plot in Nerima, Tokyo. Located 18 min walk from Hoya Station. Rebuilding is permitted, making this suitable for custom home construction or development. Freehold title provides full land ownership rights with no ground lease obligations. An attractive option for investors seeking a Tokyo land-banking position or buyers planning a custom-built residence in an established Nerima neighbourhood.
Area Guide · Nerima
AI-generated summaryNerima ward offers spacious homes at accessible price points along the Seibu Ikebukuro and Toei Oedo lines. Its suburban character, large plots, and manga/animation heritage attract families and creative professionals seeking more space than central wards can offer.
VALUATION · MLIT MARKET DATA
Is this a good deal?
FAIR VALUE ESTIMATE
$738,071
Range $627,360 – $848,781
LISTED PRICE
$301,935
-59% below fair value
BELOW MARKETFAIRABOVE MARKET
2967
COMPS USED
$4,706/m²
WARD MEDIAN
MLIT
DATA SOURCE
High
CONFIDENCE
PULSE SCORE · LAND
How it scores
Strong · 71/100
Caution <50Consider 50–69Strong 70+
Land Price per m² vs Ward Median25/25
$995/m²/buildable m² — 53% below Nerima benchmark $2,103/m² ✓✓ (zoned FAR — road width unverified)
Price vs MLIT Fair Value+3 pts
-53% below MLIT fair value — genuine discount ✓
Rebuild Permission8/20
Rebuild status unverified (SUUMO) — treated as neutral; confirm with agent ⚠
Station Proximity4/15
18-min walk to station — longer commute
Land Size15/15
156.84m² — strong development potential ✓
Zone & Development Grade6/15
Residential zone — residential build only
Freehold Ownership10/10
Freehold (所有権) — full land title ✓
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Start free trial →This score is algorithmic and does not constitute investment advice. Full methodology →
PROPERTY INTELLIGENCE
Ward market context
MARKET RANK
Top 81%
vs Nerima listings
FLEXIBILITY
Medium
Estimated from price positioning
LAND ECONOMICS
$1,925/m²-59%
Nerima median $4,706/m²
STRUCTURE VALUE
—Land play
Depreciated — land-value play
COMPARABLE PROPERTIES
Top 9 of 40 matches· incl. 3 MLIT sold
MLIT Recorded Sale86% MatchSOLD
$316,129
$316,129 · ¥31.6万/m²
西大泉
—
155m²
—
MLIT verified · Q1 2024
MLIT Recorded Sale85% MatchSOLD
$309,677
$309,677 · ¥32.0万/m²
南大泉
—
150m²
—
MLIT verified · Q1 2024
MLIT Recorded Sale83% MatchSOLD
$316,129
$316,129 · ¥32.7万/m²
石神井台
—
150m²
—
MLIT verified · Q3 2024
65% MatchACTIVEアルテシモ クレルトルテ 10階
Koto
パール上池袋 3階
Toshima
61% MatchACTIVE60% MatchACTIVE60% MatchACTIVE9 Drops
Price Drops
1005 New
Last 30 Days
6 Rec
MLIT Sold · 2yr
Medium · 40
Data
TokyoInvestor aggregates public listings and provides research estimates. Verify all details with licensed real estate professionals before purchasing. STR eligibility reflects ward-level guidance only — confirm with building management. Valuation scores are algorithmic estimates, not appraisals.