⚖️ 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 Mihama, Wakayama
- Building
- 102.91 m²
- Size
- 31.1 坪
- Structure
- Wood
- Address
- 和歌山県日高郡美浜町大字和田字久保谷２９７８番５
Auction details
- Minimum bid (売却基準価額)
- ¥650,000
- Min. acceptable bid (買受可能価額)
- ¥520,000
- Deposit (保証金)
- ¥130,000
- Tenure (敷地利用権)
- 所有権
- Bidding (入札期間)
- 2026-08-20 → 2026-08-27
- Bids opened (開札期日)
- 2026-09-03
- Court
- 和歌山地方裁判所御坊支部
- Case (事件番号)
- 和歌山地方裁判所御坊支部 令和07年(ケ)第6号
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
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). 和歌山県日高郡美浜町大字和田字久保谷２９７８番５
Investment snapshot
An indicative long-term rental estimate — to compare listings, not an appraisal.
Basis: 102.91m² × ¥1000/m²/mo × 0.8 age factor (Wakayama) + ¥8M 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.