Benntennchou Apartment average value

Price 17,108,730 JPY
  (436,104 JPY/sq.m)
- Age 16.3 years old
- Dist. from Sta. 8.2 min walk
- Property area 44.2 sq.m

The average price of a sq.m Apartment of JR Osaka Loop Line Benntennchou, in 2018 was 459,847 JPY/sq.m. The market value represents a decrease of 49,555 JPY (-9.7%) compared to 1 year ago and a transition to a bear market. 17 properties exchanged hands ( The market value represents an increase of 4 (+30.8%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 15.4 years old (a +11.1% increase compared to the 13.9 years old of last year.). The average size of the real estate was 54.7 sq.m (a +49.7% increase compared to the 36.5 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station.

Cause of price increases

  • An decrease in average distance from the station (representing 8.5 min in 2017 and 6.9 min in 2018; -18.0%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 7.7% of total transactions in 2017 and 23.5% of total transactions in 2018)

Causes of price decreases

  • An increase in average age of the building (representing 13.9 years old in 2017 and 15.4 years old in 2018; +11.1%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 7.7% of total transactions in 2017 and 17.6% of total transactions in 2018)
Data regarding the market value and its changes of Apartment in Benntennchou were calculated using data on the sales of 348 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 New731,671 JPY/sq.m100 %
Residual Value (10 Years)489,557 JPY/sq.m67 %
Residual Value (20 Years)324,271 JPY/sq.m44 %
Residual Value (20 Years)235,815 JPY/sq.m32 %
Color:
Unit:   Touch:



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

Apartment value Age transition

Property Details:
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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 locations relatively near to the station less than six minutes by foot from the station.

Cause of price increases

  • An decrease in average distance from the station (representing 8.5 min in 2017 and 6.9 min in 2018; -18.0%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 7.7% of total transactions in 2017 and 23.5% of total transactions in 2018)

Causes of price decreases

  • An increase in average age of the building (representing 13.9 years old in 2017 and 15.4 years old in 2018; +11.1%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 7.7% of total transactions in 2017 and 17.6% of total transactions in 2018)
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 (3,482) [Stations]19,000,000433,33314.3 yrs6 min55 sq.m
    JR Osaka Loop Line Tsuruhashi (169) [Stations]19,000,000371,42817.0 yrs6 min60 sq.m
    JR Osaka Loop Line Fukushima (433) [Stations]18,000,000554,70013.5 yrs6 min50 sq.m
    JR Osaka Loop Line Oosaka (89) [Stations]24,000,000600,00013.3 yrs7 min40 sq.m
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