◍ Nerima Ward, Tokyo
Land in Nerima
$263,871
✓ Freehold✓ Rebuildable
PULSE SCORE
33/100
Caution
VS FAIR VALUE
-46%
Below estimate
EST. GROSS YIELD
—
Gross, est.
LAND VALUE
$2,537/m²
-46% vs ward
VALUATION · MLIT DATA
Is this a good deal?
FAIR VALUE EST.
$489,506
$416,080–$562,932
LISTED PRICE
$263,871
-46% below
BELOWFAIRABOVE
PRICE HISTORY
No price changes since listing.
PULSE SCORE · LAND
How it scores
● Caution · 33/100
Land Price per m² vs Ward Median0/25
$2,621/m²/buildable m² — 25% above Nerima benchmark $2,103/m² ✗✗ (zoned FAR — road width unverified)
Price vs MLIT Fair Value+3 pts
-38% below MLIT fair value — genuine discount ✓
Rebuild Permission8/20
Rebuild status unverified (SUUMO) — treated as neutral; confirm with agent ⚠
Station Proximity0/15
32-min walk to station — far from transit ✗
Land Size10/15
104.02m² — good buildable plot ✓
Zone & Development Grade2/15
Low-rise exclusive — most restrictive
Freehold Ownership10/10
Freehold (所有権) — full land title ✓
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Start free trial →PROPERTY FACTS
FLOOR
—
LAND
104.02 m²
LAYOUT
—
BUILT
—
STRUCTURE
—
TITLE
Freehold
🚉 Hoya Station · 32 min walk
About this property
✦ AI summaryA 104.02 m² freehold land plot in Nerima, Tokyo. Located 32 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 71%
vs Nerima
FLEXIBILITY
Medium
From price positioning
LAND ECON.
$2,537/m²-46%
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 Sale88%SOLD
$270,968
105m² · Q3 2024
MLIT Sale88%SOLD
$264,516
100m² · Q2 2023
MLIT Sale84%SOLD
$258,065
110m² · Q3 2024
72%$237,419
2DK · 58.32m²
67%$264,516
4DK · 112.4m²
62%$276,129
3LDK · 90.72m²
葛飾区水元2丁目 築浅戸建
Katsushika
$267,742
82.43m²
60%$258,000
3K · 63.57m²
60%$269,677
3K · 44.6m²
ALL-IN COST
List Price$263,871
Acquisition Tax (~3%)$7,916
Registration (~2%)$5,277
Agent Fee (~3.3%)$8,708
Total All-in$285,772
RENTAL YIELD ESTIMATOR
Gross Yield4.69%
Annual Rent$12,387
$263,871
● Caution · 33/100
Freehold1 / 3Nerima Ward, Tokyo
Land in Nerima
LISTED PRICE
$263,871
$2,537/m² land
VS FAIR VALUEBelow Market
-46%
Below estimate· Est. $489,506
PULSE SCORE
33/100
Caution
EST. GROSS YIELD
—
Gross, est.
LAND VALUE
$2,537/m²
-46% vs ward
About This Property
AI-generated summaryA 104.02 m² freehold land plot in Nerima, Tokyo. Located 32 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
$489,506
Range $416,080 – $562,932
LISTED PRICE
$263,871
-46% 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 · 33/100
Caution <50Consider 50–69Strong 70+
Land Price per m² vs Ward Median0/25
$2,621/m²/buildable m² — 25% above Nerima benchmark $2,103/m² ✗✗ (zoned FAR — road width unverified)
Price vs MLIT Fair Value+3 pts
-38% below MLIT fair value — genuine discount ✓
Rebuild Permission8/20
Rebuild status unverified (SUUMO) — treated as neutral; confirm with agent ⚠
Station Proximity0/15
32-min walk to station — far from transit ✗
Land Size10/15
104.02m² — good buildable plot ✓
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 71%
vs Nerima listings
FLEXIBILITY
Medium
Estimated from price positioning
LAND ECONOMICS
$2,537/m²-46%
Nerima median $4,706/m²
STRUCTURE VALUE
—Land play
Depreciated — land-value play
COMPARABLE PROPERTIES
Top 9 of 35 matches· incl. 3 MLIT sold
MLIT Recorded Sale88% MatchSOLD
$270,968
$270,968 · ¥40.0万/m²
大泉学園町
—
105m²
—
MLIT verified · Q3 2024
MLIT Recorded Sale88% MatchSOLD
$264,516
$264,516 · ¥41.0万/m²
土支田
—
100m²
—
MLIT verified · Q2 2023
MLIT Recorded Sale84% MatchSOLD
$258,065
$258,065 · ¥36.4万/m²
土支田
—
110m²
—
MLIT verified · Q3 2024
72% MatchACTIVE67% MatchACTIVE62% MatchACTIVE葛飾区水元2丁目 築浅戸建
Katsushika
60% MatchACTIVE60% MatchACTIVE9 Drops
Price Drops
1005 New
Last 30 Days
6 Rec
MLIT Sold · 2yr
Medium · 35
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.