◍ Nerima Ward, Tokyo
Land in Nerima
$206,452
✓ Freehold✓ Rebuildable
PULSE SCORE
33/100
Caution
VS FAIR VALUE
-53%
Below estimate
EST. GROSS YIELD
—
Gross, est.
LAND VALUE
$2,207/m²
-53% vs ward
VALUATION · MLIT DATA
Is this a good deal?
FAIR VALUE EST.
$440,235
$374,200–$506,271
LISTED PRICE
$206,452
-53% below
BELOWFAIRABOVE
PRICE HISTORY
No price changes since listing.
PULSE SCORE · LAND
How it scores
● Caution · 33/100
Land Price per m² vs Ward Median4/25
$2,280/m²/buildable m² — near Nerima benchmark $2,103/m² ✗ (zoned FAR — road width unverified)
Price vs MLIT Fair Value+3 pts
-46% below MLIT fair value — genuine discount ✓
Rebuild Permission8/20
Rebuild status unverified (SUUMO) — treated as neutral; confirm with agent ⚠
Station Proximity0/15
Walk time to station unknown
Land Size6/15
93.55m² — standard 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 →PROPERTY FACTS
FLOOR
—
LAND
93.55 m²
LAYOUT
—
BUILT
—
STRUCTURE
—
TITLE
Freehold
🚉 Hikarigaoka Station
About this property
✦ AI summaryA 93.55 m² freehold land plot in Nerima, Tokyo. Located close to Hikarigaoka 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 55%
vs Nerima
FLEXIBILITY
Medium
From price positioning
LAND ECON.
$2,207/m²-53%
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 Sale80%SOLD
$212,903
85m² · Q1 2023
MLIT Sale79%SOLD
$219,355
100m² · Q2 2024
MLIT Sale79%SOLD
$193,548
100m² · Q1 2024
75%$192,258
2K · 67.04m²
74%$190,323
2DKK · 52.02m²
67%$237,419
2DK · 58.32m²
60%$192,258
4DK · 74.66m²
60%$220,645
5DK · 87.97m²
ＧＥ多摩川フロント 1階
Ota
$211,613
35.77m²
ALL-IN COST
List Price$206,452
Acquisition Tax (~3%)$6,194
Registration (~2%)$4,129
Agent Fee (~3.3%)$6,813
Total All-in$223,587
RENTAL YIELD ESTIMATOR
Gross Yield4.88%
Annual Rent$10,065
$206,452
● Caution · 33/100
Freehold1 / 3Nerima Ward, Tokyo
Land in Nerima
LISTED PRICE
$206,452
$2,207/m² land
VS FAIR VALUEBelow Market
-53%
Below estimate· Est. $440,235
PULSE SCORE
33/100
Caution
EST. GROSS YIELD
—
Gross, est.
LAND VALUE
$2,207/m²
-53% vs ward
About This Property
AI-generated summaryA 93.55 m² freehold land plot in Nerima, Tokyo. Located close to Hikarigaoka 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
$440,235
Range $374,200 – $506,271
LISTED PRICE
$206,452
-53% 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 Median4/25
$2,280/m²/buildable m² — near Nerima benchmark $2,103/m² ✗ (zoned FAR — road width unverified)
Price vs MLIT Fair Value+3 pts
-46% below MLIT fair value — genuine discount ✓
Rebuild Permission8/20
Rebuild status unverified (SUUMO) — treated as neutral; confirm with agent ⚠
Station Proximity0/15
Walk time to station unknown
Land Size6/15
93.55m² — standard 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 55%
vs Nerima listings
FLEXIBILITY
Medium
Estimated from price positioning
LAND ECONOMICS
$2,207/m²-53%
Nerima median $4,706/m²
STRUCTURE VALUE
—Land play
Depreciated — land-value play
COMPARABLE PROPERTIES
Top 9 of 30 matches· incl. 3 MLIT sold
MLIT Recorded Sale80% MatchSOLD
$212,903
$212,903 · ¥38.8万/m²
西大泉
—
85m²
—
MLIT verified · Q1 2023
MLIT Recorded Sale79% MatchSOLD
$219,355
$219,355 · ¥34.0万/m²
西大泉
—
100m²
—
MLIT verified · Q2 2024
MLIT Recorded Sale79% MatchSOLD
$193,548
$193,548 · ¥30.0万/m²
大泉町
—
100m²
—
MLIT verified · Q1 2024
75% MatchACTIVE74% MatchACTIVE67% MatchACTIVE60% MatchACTIVE60% MatchACTIVEＧＥ多摩川フロント 1階
Ota
9 Drops
Price Drops
1005 New
Last 30 Days
6 Rec
MLIT Sold · 2yr
Medium · 30
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.