Hitachi Land average value

Price 33,271 JPY/sq.m
- Dist. from Sta. 23.6 min walk
- Property area 392 sq.m

The average price of Ibaraki JR Joban Line Hitachi Land, in 2019 was 35,155 JPY/sq.m. The market value represents an increase of 2,187 JPY (+6.6%) compared to 1 year ago and a transition to a strong market.

One distinguishing feature of recent real-estate transactions was a some increase in transactions involving very large size more than 200 sq.m.

Data regarding the market value and its changes of Land in Hitachi were calculated using data on the sales of 466 properties provided by the MLIT Japan.

Hitachi Land transaction price list

areaTrading PriceUnit PriceStationDistance from the station
会瀬町2,200,000JPY4,151 JPY/sq.mHitachi25 min
会瀬町4,800,000JPY26,667 JPY/sq.mHitachi25 min
会瀬町14,000,000JPY75,676 JPY/sq.mHitachi25 min
会瀬町27,000,000JPY20,769 JPY/sq.mHitachi25 min
神峰町8,500,000JPY58,621 JPY/sq.mHitachi25 min
助川町10,000,000JPY52,632 JPY/sq.mHitachi25 min
助川町1,900,000JPY12,258 JPY/sq.mHitachi25 min
助川町15,000,000JPY- JPY/sq.mHitachi25 min
会瀬町7,300,000JPY12,807 JPY/sq.mHitachi26 min
会瀬町20,000,000JPY44,444 JPY/sq.mHitachi26 min
会瀬町14,000,000JPY31,111 JPY/sq.mHitachi26 min
助川町5,000,000JPY11,628 JPY/sq.mHitachi26 min
助川町1,800,000JPY4,186 JPY/sq.mHitachi26 min
助川町3,000,000JPY12,000 JPY/sq.mHitachi26 min
高鈴町5,300,000JPY27,895 JPY/sq.mHitachi26 min
宮田町8,000,000JPY14,545 JPY/sq.mHitachi26 min
宮田町13,000,000JPY54,167 JPY/sq.mHitachi26 min
高鈴町12,000,000JPY46,154 JPY/sq.mHitachi26 min
宮田町3,800,000JPY20,541 JPY/sq.mHitachi26 min
宮田町35,000,000JPY25,000 JPY/sq.mHitachi26 min

Land value Distance From The Station transition

Market values (unit price: sq.m, ㎡) 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.)
Color:
Unit:   Touch:



Land value Distance From The Station transition. Market values in terms of Distance From The Station.

Land value Distance From The Station transition

Property Details:
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{{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




Calculate Hitachi 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 Hitachi 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.

Trading Data

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

1. Ibaraki Hitachi-Shi 助川町 (Hitachi-Shi Hitachi 26.0 min walk)
, Area: 250 sq.m , Total floor area: sq.m
- Trading date: 2014-09-01 00:00:00

Trading price:   3,000,000 JPY,    Unit price:   12,000 JPY/sq.m

2. Ibaraki Hitachi-Shi 宮田町 (Hitachi-Shi Hitachi 26.0 min walk)
, Area: 240 sq.m , Total floor area: sq.m
- Trading date: 2011-03-01 00:00:00

Trading price:   13,000,000 JPY,    Unit price:   54,167 JPY/sq.m

3. Ibaraki Hitachi-Shi 高鈴町 (Hitachi-Shi Hitachi 26.0 min walk)
, Area: 260 sq.m , Total floor area: sq.m
- Trading date: 2012-09-01 00:00:00

Trading price:   12,000,000 JPY,    Unit price:   46,154 JPY/sq.m

4. Ibaraki Hitachi-Shi 高鈴町 (Hitachi-Shi Hitachi 25.0 min walk)
, Area: 270 sq.m , Total floor area: sq.m
- Trading date: 2010-09-01 00:00:00

Trading price:   13,000,000 JPY,    Unit price:   48,148 JPY/sq.m

5. Ibaraki Hitachi-Shi 会瀬町 (Hitachi-Shi Hitachi 24.0 min walk)
, Area: 280 sq.m , Total floor area: sq.m
- Trading date: 2016-06-01 00:00:00

Trading price:   7,800,000 JPY,    Unit price:   27,857 JPY/sq.m

6. Ibaraki Hitachi-Shi 本宮町 (Hitachi-Shi Hitachi 28.0 min walk)
, Area: 250 sq.m , Total floor area: sq.m
- Trading date: 2017-06-01 00:00:00

Trading price:   7,000,000 JPY,    Unit price:   28,000 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

Land market value trends

Market value trends for Land are as follows.

Data:
Unit:   Touch:



Land market value trends Market value trends for Land.

Land market value trends


Breakdown of each segment

One distinguishing feature of recent real-estate transactions was a some increase in transactions involving very large size more than 200 sq.m.

The table below shows Land dealt in Ibaraki JR Joban Line Hitachi, 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:

Area close to the price in Hitachi

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
JR Joban Line Hitachitaga (603) [Stations]9,100,00034,000 JPY/sq.m yrs24 min240 sq.m
JR Joban Line Katsuta (1,141) [Stations]9,800,00035,710 JPY/sq.m yrs30 min270 sq.m
JR Joban Line Hitachinoushiku (698) [Stations]11,000,00030,000 JPY/sq.m yrs30 min240 sq.m
JR Joban Line Ogitsu (303) [Stations]8,650,00027,857 JPY/sq.m yrs19 min270 sq.m