Kobe Rapid Transit Railway Namboku Line Land average value

Price 56,840,625 JPY
  (204,189 JPY/sq.m)
- Dist. from Sta. 5.5 min walk
- Property area 213.1 sq.m

The average price of a sq.m Land of Hyogo Kobe Rapid Transit Railway Namboku Line, in 2017 was 193,182 JPY/sq.m. The market value represents a decrease of 312,312 JPY (-61.8%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 47.5 sq.m (a -94.8% decrease compared to the 910.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic decrease in transactions involving locations less than ten minutes by foot from the station.

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 9.0 min in 2016 and 5.5 min in 2017; -38.9%)
Data regarding the market value and its changes of Land in Kobe Rapid Transit Railway Namboku Line were calculated using data on the sales of 32 properties provided by the MLIT Japan.

Kobe Rapid Transit Railway Namboku Line Land market value list

StationsAverage Trading PriceAverage Unit Price
Shinnkaichi56,840,625 JPY204,189 JPY/sq.m

Kobe Rapid Transit Railway Namboku Line Railway market report

2017 2016 2015 2014. Jan Sep
 3 tradings
2013. Jan Dec
 6 tradings
-3Q
1
--4Q
2
3Q
4
--
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Land value Distance From The Station transition

Market values (unit price: sq.m, m2) in terms of Distance From The Station, is as follow.

The orange line means market values (unit price: sq.m) for Land in terms of Distance From The Station. 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 Distance From The Station is updated.)
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Color:

Unit:
Property Details:
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Trading Price:   {{infoObj.price|number:0}} JPY,    Unit Price:   {{infoObj.unit_price|number:0}} JPY/sq.m
{{infoObj.days_elapsed|days_year}} years old , Area: {{infoObj.dimension}} sq.m , Total floor area: {{infoObj.dimension_all}} sq.m , Layout: {{infoObj.floor_plan}} , Structure: {{infoObj.structure}}
- 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 Kobe Rapid Transit Railway Namboku Line Land market value

We can calculate market values for Land 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 Hyogo Kobe Rapid Transit Railway Namboku Line Land 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 in Kobe Rapid Transit Railway Namboku Line

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

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{{item.days_elapsed|days_year}} years old , Area: {{item.dimension}} sq.m , Total floor area: {{item.dimension_all}} sq.m , Layout: {{item.floor_plan}} , Structure: {{item.structure}}
- 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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Land market value trends

Market value trends for Land are as follows.

Data:

Unit:

Breakdown of each segment

One distinguishing feature of recent real-estate transactions was a dramatic decrease in transactions involving locations less than ten minutes by foot from the station.

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 9.0 min in 2016 and 5.5 min in 2017; -38.9%)
The table below shows Land dealt in Hyogo Kobe Rapid Transit Railway Namboku Line, 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 Kobe Rapid Transit Railway Namboku Line

The closest areas in terms of Land 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
Kobe Rapid Transit Railway Namboku Line Shinnkaichi (32) [Stations]24,000,000200,000 yrs5 min112 sq.m
Kobe Rapid Transit Railway Tozai Line Shinnkaichi (32) [Stations]24,000,000200,000 yrs5 min112 sq.m
Kobe Rapid Transit Railway Tozai Line Kousokukoube (18) [Stations]24,000,000229,464 yrs4 min180 sq.m
Rokko Island Line Uozaki (64) [Stations]31,000,000230,000 yrs8 min135 sq.m
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