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Yugawara 3LDK Akiya — ¥14.8M, Manazuru Station, 18 min walk

A 1980-built 3LDK on 134.4 sqm of land in Yugawara, Kanagawa, sold as-is at ¥14.8M.

This 1980-built 3LDK detached house is in Yugawara, Kanagawa (source listing address: 神奈川県足柄下郡湯河原町). It sits on 134.4 sqm of land with a 76.58 sqm building and is sold as-is. Access, as stated on the source listing: JR Tokaido Main Line — Manazuru Station, 18 min walk (ＪＲ東海道本線「真鶴」歩18分). For short-term-rental context we quote the Hakone area benchmark — 323 tracked listings, $291 average daily rate, 46.0% occupancy, $45,698 average annual revenue (AirROI 2025–2026). This property is in Yugawara, roughly 9 km from Hakone, so treat those figures as a regional demand indicator for the surrounding market, not as this home's income.

$90,354 ≈ ¥14.8M @¥163.8/USD · as of 2026-07-24

⚠

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.

Land134.4㎡

Building76.58㎡ · F

Layout3LDK

Year Built1980

Nearest StationJR Tokaido Main Line — Manazuru Station, 18 min walk

Estimated ROI — based on area market averages

23.9–35.9%

Gross yield
(conservative–optimistic)

$45,698

Est. annual revenue
(168 days avg)

2.8–4.2

Years to full payback
(low–high investment)

Annual revenue ÷ total investment = 24% recovered per year

24%

Total investment: ¥20.8M – ¥31.3M · purchase + renovation + setup fees

Based on area averages from AirROI 2025–2026 (323 active listings). Not financial advice. Actual revenue depends on occupancy, management costs, and STR permit status.

Grade D

Full Rebuild

Built in 1980, the house falls under Japan's pre-1981 seismic standard, which can affect financing and insurance options. It carries a condition grade of D and is sold as-is, with a full gut renovation required before any use. Buyers should commission their own structural and seismic assessment.

Renovation estimate: ¥5.0M – ¥15.0M

Structural inspection not yet conducted. An independent inspection is strongly recommended before purchase.

STR Market — Hakone area (reference; this property is in Yugawara)

$291

ADR · avg daily rate

46%

Occupancy · 168 days avg

$45,698

Est. annual revenue

Seasonal Demand

Jan

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Source: AirROI 2025–2026 · 323 active listings analysed

⚠ Minpaku Status: Requires Verification

Requires verification before purchase

Approximate location. The pin marks the centre of Yugawara, Kanagawa (神奈川県足柄下郡湯河原町) — the municipality stated on the source listing. The street address is not published; we disclose it by email once you enquire.

Investor Due Diligence Checklist

⚠ Minpaku (STR) permit — Requires pre-purchase verification with municipal office
⚠ Structural inspection — Not yet conducted. Recommend independent inspection (¥50k–¥100k) before purchase.
i Land rights: Confirm ownership vs. leasehold (借地権). Leasehold affects resale value and mortgage eligibility.
i 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 1980 — pre-1981 seismic standard. Structural inspection critical.
i Acquisition costs: Budget +5–8% on top of purchase price (registration, agent fee, tax).

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