10万円で買える家 in Shimonoseki
This is a past property listing for a house priced at 100,000 yen. Despite the extremely low price, the property is still in usable condition. The kitchen and bathroom are older but functional. The bathroom features a nostalgic stainless steel finish. The washbasin area shows some signs of age. Considering the price of 100,000 yen, this property is considered a great deal.
Properties with a selling price around 100,000 yen are gradually appearing on the market, with some properties being offered for free just to be taken over. Compared to many of those properties, this one is immediately habitable. It appears to have been well-maintained and lived in, making it hard to believe it is priced at only 100,000 yen.
The reason for this low price lies in the land lease arrangement. The property is built on leased land, which requires a monthly land lease fee of 20,000 yen. The lease period is 20 years. Over 20 years, the total lease payment would be 4,800,000 yen. Combined with the purchase price of 100,000 yen and other costs, the total minimum cost over 20 years would be approximately 5,000,000 yen.
This property is suitable for someone who does not have much savings now but plans to save money over the next 20 years, or for someone who is retiring and wants to spend their remaining years enjoying hobbies. With a 4DK layout, the former option is more practical. The location is a 32-minute walk from Shimonoseki Station, near the westernmost tip of Honshu, with Kitakyushu City visible across the sea.
