Miyajima Gateway 4LDK — Renovated 2016, 8-Car Park at ¥7.8M
4LDK fully renovated 2016 in Hatsukaichi — UNESCO Miyajima City. 338㎡ land, 8-10 parking. ¥7.8M. Hatsukaichi: +27.3% YoY, $24K median revenue.
At ¥7.8M (US$52K), this 4LDK in Hatsukaichi City was fully renovated in 2016 — kitchen, bathroom, walls, floors — and is available for immediate occupancy, eliminating the renovation planning gap that delays most akiya projects by 6–18 months. The standout feature: 8-10 car parking spaces on a flat 338㎡ southeast corner lot. In the Miyajima STR market, where top listings generate $174,860 annually, multi-car parking is a material competitive advantage — cycling groups, wedding parties, and extended families regularly book 3-4 vehicles to Miyajima. Hatsukaichi City includes Miyajima Island within its administrative borders; the UNESCO floating torii gate and Itsukushima Shrine are 25 min drive via ferry from Miyajimakuchi terminal. AirROI 2025–2026 records $180 ADR and $23,724 median annual revenue across 71 Hatsukaichi listings, growing +27.3% YoY. Total investment ¥9.4–10.7M (renovation already done). Gross yield 37.6%, payback 2.7–3.0 years. Note: individual well water — confirm flow rate and quality; 100% STR compliance rate in this market.
Minpaku (short-term rental) status not confirmed. Verify with the municipal office and your agent before completing purchase. STR operation may be restricted to 180 days/yr or prohibited.
(conservative–optimistic)
(138 days avg)
(low–high investment)
Built October 1994, post-new-seismic standard. Wooden 2-story construction. Interior fully renovated around 2016: kitchen, bathroom, toilet, walls, and floors all replaced. Immediate occupancy available. Southeast corner lot with excellent sunlight and open aspect. Individual well (個別水道) — not municipal water; confirm well output and water quality test with agent. Centralized septic tank. BCR 50% / FAR 100% on 338.41㎡ — allows rebuild up to 169㎡ footprint if desired. 8-10 car parking on flat terrain — exceptional for multi-vehicle guest groups. No private road burden. Bus stop 18 min walk.
Renovation estimate: ¥1.0M – ¥2.0M
Source: AirROI 2025–2026 · 71 active listings analysed
⚠ Minpaku Status: Requires Verification
Requires verification before purchase
- · 14km · 28minMiyajima Island (UNESCO, floating torii gate)
- ⊙ 13km · 25minMiyajimakuchi Ferry Terminal (to Miyajima)
- · 22km · 35minHiroshima City Center
- · 14km · 30minItsukushima Shrine (National Treasure)
- ⊙ 0.5km · 2minShimo-Touge Bus Stop (Hiroshima Electric Bus)
- Minpaku (STR) permit — Requires pre-purchase verification with municipal office
- Structural inspection — Not yet conducted. Recommend independent inspection (¥50k–¥100k) before purchase.
- Land rights: Confirm ownership vs. leasehold (借地権). Leasehold affects resale value and mortgage eligibility.
- Utilities: Verify water supply (public / well), sewage (公共下水 vs. 浄化槽), gas (city gas / propane — propane is 2–3× higher cost).
- Earthquake resistance: Built 1994 — post-1981 new seismic standard (新耐震)
- Acquisition costs: Budget +5–8% on top of purchase price (registration, agent fee, tax).