◍ Nerima Ward, Tokyo
Land in Nerima
$166,452
✓ Freehold✓ Rebuildable
PULSE SCORE
28/100
Caution
VS FAIR VALUE
-10%
Below estimate
EST. GROSS YIELD
—
Gross, est.
LAND VALUE
$4,243/m²
-10% vs ward
VALUATION · MLIT DATA
Is this a good deal?
FAIR VALUE EST.
$184,612
$156,920–$212,304
LISTED PRICE
$166,452
-10% below
BELOWFAIRABOVE
PRICE HISTORY
No price changes since listing.
PULSE SCORE · LAND
How it scores
● Caution · 28/100
Land Price per m² vs Ward Median0/25
$2,923/m²/buildable m² — 39% above Nerima benchmark $2,103/m² ✗✗ (zoned FAR — road width unverified)
Price vs MLIT Fair ValueNo change
Near MLIT fair value ✓
Rebuild Permission8/20
Rebuild status unverified (SUUMO) — treated as neutral; confirm with agent ⚠
Station Proximity8/15
12-min walk to station
Land Size0/15
39.23m² — small plot, limited development ✗
Zone & Development Grade2/15
Low-rise exclusive — most restrictive
Freehold Ownership10/10
Freehold (所有権) — full land title ✓
Unlock yield estimates, STR guidance and full breakdown on Investor plan
Start free trial →PROPERTY FACTS
FLOOR
—
LAND
39.23 m²
LAYOUT
—
BUILT
—
STRUCTURE
—
TITLE
Freehold
🚉 Heiwadai Station · 12 min walk
About this property
✦ AI summaryA 39.23 m² freehold land plot in Nerima, Tokyo. Located 12 min walk from Heiwadai 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 44%
vs Nerima
FLEXIBILITY
Medium
From price positioning
LAND ECON.
$4,243/m²-10%
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 Sale74%SOLD
$161,290
45m² · Q1 2024
68%$190,323
2DKK · 52.02m²
MLIT Sale68%SOLD
$129,032
40m² · Q1 2024
MLIT Sale67%SOLD
$174,194
50m² · Q2 2024
66%$192,258
2K · 67.04m²
58%$160,000
2DK · 44.78m²
長原台アーバンハイム 3階
Ota
$179,355
45.45m²
53%$180,645
3DK · 68.84m²
52%$482,581
3LDDKK · 87.51m²
ALL-IN COST
List Price$166,452
Acquisition Tax (~3%)$4,994
Registration (~2%)$3,329
Agent Fee (~3.3%)$5,493
Total All-in$180,267
RENTAL YIELD ESTIMATOR
Gross Yield4.65%
Annual Rent$7,742
$166,452
● Caution · 28/100
Freehold1 / 3Nerima Ward, Tokyo
Land in Nerima
LISTED PRICE
$166,452
$4,243/m² land
VS FAIR VALUE
-10%
Below estimate· Est. $184,612
PULSE SCORE
28/100
Caution
EST. GROSS YIELD
—
Gross, est.
LAND VALUE
$4,243/m²
-10% vs ward
About This Property
AI-generated summaryA 39.23 m² freehold land plot in Nerima, Tokyo. Located 12 min walk from Heiwadai 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
$184,612
Range $156,920 – $212,304
LISTED PRICE
$166,452
-10% 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
Caution · 28/100
Caution <50Consider 50–69Strong 70+
Land Price per m² vs Ward Median0/25
$2,923/m²/buildable m² — 39% above Nerima benchmark $2,103/m² ✗✗ (zoned FAR — road width unverified)
Price vs MLIT Fair ValueNo change
Near MLIT fair value ✓
Rebuild Permission8/20
Rebuild status unverified (SUUMO) — treated as neutral; confirm with agent ⚠
Station Proximity8/15
12-min walk to station
Land Size0/15
39.23m² — small plot, limited development ✗
Zone & Development Grade2/15
Low-rise exclusive — most restrictive
Freehold Ownership10/10
Freehold (所有権) — full land title ✓
Unlock yield estimates, STR guidance and full breakdown on Investor plan
Start free trial →This score is algorithmic and does not constitute investment advice. Full methodology →
PROPERTY INTELLIGENCE
Ward market context
MARKET RANK
Top 44%
vs Nerima listings
FLEXIBILITY
Medium
Estimated from price positioning
LAND ECONOMICS
$4,243/m²-10%
Nerima median $4,706/m²
STRUCTURE VALUE
—Land play
Depreciated — land-value play
COMPARABLE PROPERTIES
Top 9 of 23 matches· incl. 3 MLIT sold
MLIT Recorded Sale74% MatchSOLD
$161,290
$161,290 · ¥55.6万/m²
大泉学園町
—
45m²
—
MLIT verified · Q1 2024
68% MatchACTIVEMLIT Recorded Sale68% MatchSOLD
$129,032
$129,032 · ¥50.0万/m²
貫井
—
40m²
—
MLIT verified · Q1 2024
MLIT Recorded Sale67% MatchSOLD
$174,194
$174,194 · ¥54.0万/m²
富士見台
—
50m²
—
MLIT verified · Q2 2024
66% MatchACTIVE58% MatchACTIVE長原台アーバンハイム 3階
Ota
53% MatchACTIVE52% MatchACTIVE9 Drops
Price Drops
1005 New
Last 30 Days
6 Rec
MLIT Sold · 2yr
Medium · 23
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.