$5,503⚖️ Court auction

¥890,000 · minimum bid (売却基準価額) · Built 1992 (34 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 →

Court auction property in Annaka, Gunma

Building: 93.56 m²
Size: 28.3 坪
Structure: Wood
Address: 安中市古屋字八幡４８５番１０

Auction details

Minimum bid (売却基準価額): ¥890,000
Min. acceptable bid (買受可能価額): ¥712,000
Deposit (保証金): ¥178,000
Tenure (敷地利用権): 所有権
Bidding (入札期間): 2026-06-23 → 2026-06-30
Bids opened (開札期日): 2026-07-07
Court: 前橋地方裁判所高崎支部
Case (事件番号): 前橋地方裁判所高崎支部令和07年(ケ)第62号

⚠ Occupied (占有者: 債務者・所有者) — removing an occupant may require a separate court delivery order.

📑 Court 3-point set (三点セット) available — 34 pages: the official property description, site-investigation report, and appraisal. Read it on the BIT site before bidding.(Scanned document — view on BIT; not machine-readable here.)

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). 安中市古屋字八幡４８５番１０

Investment snapshot

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

Est. monthly rent

¥65,000

≈ $402/mo

Est. annual rent

¥780,000

≈ $4,823/yr

Gross yield (post-reno)

9.3%

high (verify!)

⚠ 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: 93.56m² × ¥1000/m²/mo × 0.7 age factor (Gunma) + ¥7M 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.

🌊 Flood / landslide map ↗🏚 Earthquake risk (J-SHIS) ↗📍 Street View ↗

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.

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