Benntennchou Apartment average value

Price 16,653,906 JPY
  (428,470 JPY/sq.m)
- Age 16.6 years old
- Dist. from Sta. 8.3 min walk
- Property area 44.3 sq.m

The average price of a sq.m Apartment of JR Osaka Loop Line Benntennchou, in 2017 was 509,401 JPY/sq.m. The market value represents an increase of 54,422 JPY (+12.0%) compared to 1 year ago and a transition to a bull market. 13 properties exchanged hands ( The market value represents a decrease of 44 (-77.2%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 13.9 years old (a -6.9% decrease compared to the 14.9 years old of last year.). The average size of the real estate was 36.5 sq.m (a -3.8% decrease compared to the 38.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively new buildings under 20 years old.

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 3.5% of total transactions in 2016 and 7.7% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in transactions involving older buildings over 40 years old (representing 5.3% of total transactions in 2016 and 7.7% of total transactions in 2017)
Data regarding the market value and its changes of Apartment in Benntennchou were calculated using data on the sales of 345 properties provided by the MLIT Japan.

Benntennchou Apartment transaction price list

areaTrading PriceUnit PriceStationDistance from the station
市岡13,000,000 JPY2,148,760 JPY/sq.mBenntennchou8 min
南市岡32,000,000 JPY1,322,314 JPY/sq.mBenntennchou8 min
南市岡24,000,000 JPY1,133,412 JPY/sq.mBenntennchou8 min
波除22,000,000 JPY969,696 JPY/sq.mBenntennchou8 min

Apartment value Age transition

Market values (unit price: sq.m, m2) in terms of Age, is as follow.

The orange line means market values (unit price: sq.m) for Apartment in terms of Age. The orange line changes on the basis of distance from the train station and area of the property (* For example , if the distance from the station is far, the lower the unit price.).

The dots means trading data. When you mouseover or touch the dot, details of the trading data is displayed. You can color (classify) the dots on the basis of the property area, distance from the stations, or the property price, etc.

(* You can scroll and zoom with pinch in the mobile environment.)
(* When you double-click, the value of Age is updated.)
AgeTrading PriceProportion
Price at New720,480 JPY/sq.m100 %
Residual Value (10 Years)483,382 JPY/sq.m67 %
Residual Value (20 Years)321,908 JPY/sq.m45 %
Residual Value (20 Years)236,059 JPY/sq.m33 %
Color:
Unit:   Touch:



Apartment value Age transition. Market values in terms of Age.

Apartment value Age transition

Property Details:
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- Trading date: {{infoObj.trade_date|date:'MMMM, yyyy'}}

When you change the slider, the unit price will change.
Age of a building Property area Total floor area Distance from the station




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Calculate Benntennchou Apartment market value

We can calculate market values for Apartment based on their age, area, and distance from a train station.

Age
years old
Area
sq.m
Total floor space
sq.m
Distance from the station
min walk

Market values for Benntennchou Apartment that meet the above conditions were calculated in the following manner.

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({{unit_price|number:0}} JPY/sq.m)

The assumed transaction price, not including agency commissions, taxes, etc.

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Trading Data

Past Apartment sales data, with similarly entered ages, area, and distances from station are as follows.

1. Osaka Osaka-Shi Minato-Ku 南市岡Osaka-Shi Benntennchou 9.0 min walk)
9.8 years old , Area: 60 sq.m , Layout: 1LDK+S , Structure: RC
- Trading date: 2015-12-01T00:00:00Z

Trading price:   23,000,000 JPY,    Unit price:   383,333 JPY/sq.m

2. Osaka Osaka-Shi Minato-Ku 波除Osaka-Shi Benntennchou 8.0 min walk)
8.8 years old , Area: 60 sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2007-12-01T00:00:00Z

Trading price:   19,000,000 JPY,    Unit price:   316,666 JPY/sq.m

3. Osaka Osaka-Shi Minato-Ku 波除Osaka-Shi Benntennchou 8.0 min walk)
8.3 years old , Area: 55 sq.m , Layout: 2LDK , Structure: RC
- Trading date: 2014-06-01T00:00:00Z

Trading price:   16,000,000 JPY,    Unit price:   290,909 JPY/sq.m

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- Trading date: {{item.trade_date|date:'MMMM, yyyy'}}

Trading price:   {{item.price|number:0}} JPY,    Unit price:   {{item.unit_price|number:0}} JPY/sq.m

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Apartment market value trends

Market value trends for Apartment are as follows.

Data:
Unit:   Touch:



Apartment market value trends Market value trends for Apartment.

Apartment market value trends


Breakdown of each segment

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively new buildings under 20 years old.

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 3.5% of total transactions in 2016 and 7.7% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in transactions involving older buildings over 40 years old (representing 5.3% of total transactions in 2016 and 7.7% of total transactions in 2017)
The table below shows Apartment dealt in JR Osaka Loop Line Benntennchou, in age, distance from station, and area segments. For example, we can see market trends, such as which transactions have increased more in recent years, those for newer properties, or older ones.

Segment:

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    Area close to the price in Benntennchou

    The closest areas in terms of Apartment price ranges to this area are ones like the following that are along a railway line and have a station.

    Area / Station Median
    Price
    JPY
    Unit price
    JPY/sq.m
    Age
    Years old
    Distance
    min walk
    Area
    JR JR Osaka Loop Line (3,417) [Stations]19,000,000428,57114.0 yrs6 min55 sq.m
    JR Osaka Loop Line Tsuruhashi (166) [Stations]18,000,000333,33317.9 yrs6 min60 sq.m
    JR Osaka Loop Line Fukushima (423) [Stations]18,500,000545,00013.5 yrs6 min50 sq.m
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