Investment Opportunity: Renovated 3DK House in Nara's Historic Sakurai City
This property presents a compelling investment opportunity: a renovated 1977-built wooden house currently under a living-in leaseback arrangement. Located in Sakurai City, Nara Prefecture, the house offers a gross rental yield of approximately 13.7% and is just a 7-minute walk from Kintetsu Osaka Line's Sakurai Station. The south-facing orientation ensures excellent natural light. The property underwent a full interior renovation in 2019 (Reiwa 1).
Detailed translation of agent notes: The equipment includes a system kitchen, city gas, electricity, water supply, and sewerage. Special notes indicate the property is for sale as a second-hand detached house. The transaction type is exclusive dedicated agency. Important remarks specify that inquiries must be directed to the information-providing real estate company listed on the detailed page. The floor plan is subject to the current condition taking precedence.
The property features a 3DK layout with Japanese-style rooms of 6, 6, and 8 tatami mats. It sits on a flat, 80.82 sqm land parcel with a building area of 75.42 sqm across two stories. The land is freehold ownership, zoned as Category I Residential District within the urbanization promotion area, with a building-to-land ratio of 60% and a floor area ratio of 200%. Parking is available. The property is connected to a 4-meter wide public road on the south side with a 6-meter frontage.
Sakurai City is steeped in history as part of ancient Yamato Province. The area is a gateway to numerous significant historical sites. A fascinating local fact is that Sakurai is home to Japan's oldest surviving structure, the Hōryū-ji Temple's Kondō (Golden Hall), a UNESCO World Heritage site located a short distance away. The closest major landmark is the iconic Mount Miwa, a sacred mountain central to early Shinto practices and visible from many parts of the city.
