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Akiya in 小山市, Tochigi
$23,993⚖️ Court auction
¥3,890,000 · minimum bid (売却基準価額) · Built 1995 (31 yrs)

⚖️ This is a court foreclosure auction — not a normal sale.

The headline figure is the court's minimum bid (売却基準価額), not an asking price. Buying at auction means paying a deposit (~20%) up front, bidding during a fixed window, often being unable to inspect inside, and sometimes inheriting existing occupants. Read the court's 3-point set (三点セット) before bidding.

How Japanese court auctions work →

3LDK Court auction property in 小山市, Tochigi

Building
59.28 m²
Size
17.9 坪
Layout
3LDK
Structure
Reinforced concrete (RC)
Address
小山市城東四丁目445番地1

Auction details

Minimum bid (売却基準価額)
¥3,890,000
Min. acceptable bid (買受可能価額)
¥3,112,000
Deposit (保証金)
¥778,000
Tenure (敷地利用権)
所有権
Bidding (入札期間)
2026-07-22 → 2026-07-29
Bids opened (開札期日)
2026-08-04
Total units (総戸数)
74
Admin fee (管理費)
¥26,140/mo
Court
宇都宮地方裁判所本庁
Case (事件番号)
宇都宮地方裁判所本庁 令和08年(ケ)第16号
⚠ Occupied (占有者: 債務者・所有者) — removing an occupant may require a separate court delivery order.

3点セット(物件明細書・現況調査報告書・評価書)は裁判所BITサイトで入手

View on the courts' BIT auction site (3-point set) ↗

出典:不動産競売物件情報サイト(BIT)/裁判所

Location

Approximate location (street-level geocoded via 国土地理院). 小山市城東四丁目445番地1

Investment snapshot

An indicative long-term rental estimate — to compare listings, not an appraisal.

Est. monthly rent
¥44,000
≈ $271/mo
Est. annual rent
¥528,000
≈ $3,257/yr
Gross yield (post-reno)
6.1%
solid
⚠ At this price the property almost certainly needs major renovation before it can rent — the yield above already folds in an estimated renovation budget. The raw price-only yield would look far higher but isn't achievable until that work is done.

Basis: 59.28m² × ¥1050/m²/mo × 0.7 age factor (Tochigi) + ¥5M est. renovation. Gross yield = annual rent ÷ (price + est. renovation), before tax, vacancy, and management. Regional rent rates are conservative order-of-magnitude medians (public rent surveys), not a guarantee — rural demand can be thin. Always validate locally before relying on any figure.

Hazard & due diligence

Japan has real flood, landslide, and earthquake exposure that varies street by street. Check the official government hazard maps for this exact location before buying.

Sources: 重ねるハザードマップ (国土地理院) · J-SHIS (防災科研). Always confirm with the seller and municipality.