Fujikawaguchiko Fixer-Upper 2LDK on 966m² Land — ¥5M
A ¥5,000,000 ($33,445) renovation project on a huge 966m² lot near Lake Kawaguchiko's STR market.
Set in Fujikawaguchiko, Yamanashi, this 2LDK house sits on an expansive 966m² plot with a 62.54m² building dating to 1978. Sold strictly as-is, it requires a full gut renovation, so factor the rebuild into your budget from day one. The location is the real draw: Kawaguchiko Station is the nearest rail hub, and Tokyo's Shinjuku terminal is roughly 150 minutes away, putting one of Japan's most popular lakeside resort areas within reach of inbound travelers. The surrounding short-term-rental market is active, with 471 area listings tracked by AirROI for 2025–2026. For investors willing to take on a renovation, the low entry price and generous land size make this a compelling blank canvas in a destination region.
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)
(182 days avg)
(low–high investment)
Built in 1978, the property predates Japan's 1981 seismic code and is graded condition D. A complete gut renovation is required before occupancy or rental use, including seismic considerations consistent with its pre-1981 standard.
Renovation estimate: ¥5.0M – ¥15.0M
Source: AirROI 2025–2026 · 471 active listings analysed
⚠ Minpaku Status: Requires Verification
Requires verification before purchase
- ≈ 5.2km · 10minLake Motosu (Fuji Five Lakes)
- ▲ 19km · 35minMt. Fuji 5th Station (Fujinomiya route)
- ▲ 8km · 15minAsagiri Kogen Milk Land (farm)
- ⊙ 17.6km · 30minKawaguchiko Station (Fujikyu Line)
- ◻ 6km · 12minConvenience Store
- 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 1978 — pre-1981 seismic standard. Structural inspection critical.
- Acquisition costs: Budget +5–8% on top of purchase price (registration, agent fee, tax).