$26,156⚖️ Court auction

¥4,230,000 · minimum bid (売却基準価額) · Built 2015 (11 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 志摩市, Mie

Building: 115.09 m²
Size: 34.8 坪
Structure: Wood
Address: 志摩市志摩町和具字西３１０４番

Auction details

Minimum bid (売却基準価額): ¥4,230,000
Min. acceptable bid (買受可能価額): ¥3,384,000
Deposit (保証金): ¥846,000
Tenure (敷地利用権): 所有権
Bidding (入札期間): 2026-07-03 → 2026-07-10
Bids opened (開札期日): 2026-07-17
Court: 津地方裁判所伊勢支部
Case (事件番号): 津地方裁判所伊勢支部令和06年(ケ)第27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 — 50 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). 志摩市志摩町和具字西３１０４番

Investment snapshot

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

Est. monthly rent

¥103,000

≈ $637/mo

Est. annual rent

¥1,236,000

≈ $7,643/yr

Gross yield (post-reno)

9.2%

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: 115.09m² × ¥1050/m²/mo × 0.85 age factor (Mie) + ¥9M 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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