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Akiya in Iwakuni, Yamaguchi
$19,550⚖️ Court auction
¥3,129,000 · minimum bid (売却基準価額) · Built 1977 (49 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 Iwakuni, Yamaguchi

Building
88.59 m²
Size
26.8 坪
Structure
Wood
Address
岩国市由宇町千鳥ヶ丘二丁目13793番147

Auction details

Minimum bid (売却基準価額)
¥3,129,000
Min. acceptable bid (買受可能価額)
¥2,503,200
Deposit (保証金)
¥625,800
Tenure (敷地利用権)
所有権
Bidding (入札期間)
2026-09-08 → 2026-09-15
Bids opened (開札期日)
2026-09-18
Court
山口地方裁判所岩国支部
Case (事件番号)
山口地方裁判所岩国支部 令和08年(ケ)第2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). 岩国市由宇町千鳥ヶ丘二丁目13793番147

Investment snapshot

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

Est. monthly rent
¥50,000
≈ $312/mo
Est. annual rent
¥600,000
≈ $3,749/yr
Gross yield (post-reno)
5.9%
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: 88.59m² × ¥950/m²/mo × 0.6 age factor (Yamaguchi) + ¥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.

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.