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Hōfu, Yamaguchi 5DK Akiya Near Hōfu Tenmangū — 243.28 m² Land / 98.23 m² House / 5500Eur
Investor description: Ultra-low-entry-price detached akiya in Hōfu with ownership land, 5DK layout, and proximity to one of the city’s best-known cultural attractions, Hōfu Tenmangū. Best suited as a heavy-renovation value-add, second-home conversion, or niche short-stay project. Not turnkey: Japanese source listings explicitly disclose unrepaired rain leakage and termite damage. Listed price: EUR 5,500 · 5 rooms · 1 bath · built 1980 · Medium project difficulty
Property Snapshot
LocationHofu, Yamaguchi
Listed priceEUR 5,500
Risk levelMedium
AccessMembers only
Investment Analysis
Location: Iwabatake 2-chome, Hōfu City, Yamaguchi Prefecture, Japan Price: JPY 1,000,000 House size: 98.23 m² Land size: 243.28 m² Year built: July 1980 Layout: 5DK Structure: Wooden, 2-story Investor description: Ultra-low-entry-price detached akiya in Hōfu with ownership land, 5DK layout, and proximity to one of the city’s best-known cultural attractions, Hōfu Tenmangū. Best suited as a heavy-renovation value-add, second-home conversion, or niche short-stay project. Not turnkey: Japanese source listings explicitly disclose unrepaired rain leakage and termite damage. Tags: Yamaguchi, Hōfu, akiya, 5DK, detached house, ownership land, renovation project, termite damage, rain leak, low-entry-price, cultural tourism, minpaku potential, vacation home Long-term rental scenario Assumptions: Post-renovation monthly rent: JPY 35,000–55,000 Annual gross revenue: JPY 420,000–660,000 Net after vacancy/repairs/management: JPY 280,000–500,000 Indicative ROI Gross ROI on total investment: roughly 2%–7% Net ROI on total investment: roughly 1.5%–5% This is a weaker yield case unless renovation cost is tightly controlled. Best-fit investor profile Best suited to: investor comfortable with distressed rural houses buyer targeting personal-use plus occasional rental operator with local renovation oversight and realistic timelines Least suited to: passive investors buyers seeking quick rental cash flow buyers unable to absorb hidden structural costs Original WordPress facts: Bathrooms: 1 · Total rooms: 5 · Area: 98.23 m² · Lot size: 243 m² · Year built: 1980 · ID: https://hofu-c35206.akiya-athome.jp/bukken/detail/buy/防府市売戸建住宅-37692?utm_source=chatgpt.com · Airbnb Potencial: Low · Project Difficulty: Medium. Source page: https://akiyasinvest.com/property/hofu-yamaguchi-5dk-akiya-near-hofu-tenmangu-243-28-m%c2%b2-land-98-23-m%c2%b2-house-5500eur/
Renovation Notes
- Project difficulty from old listing: Medium.
- Best suited as a heavy-renovation value-add, second-home conversion, or niche short-stay project.
- Not turnkey: Japanese source listings explicitly disclose unrepaired rain leakage and termite damage.
- Best-fit investor profile Best suited to: investor comfortable with distressed rural houses buyer targeting personal-use plus occasional rental operator with local renovation oversight and realistic timelines Least suited to: passive investors buyers seeking quick rental cash flow buyers unable to absorb hidden structural costs
Risks To Check
- Not turnkey: Japanese source listings explicitly disclose unrepaired rain leakage and termite damage.
Questions For The Agent
- Can the agent confirm listing ID https://hofu-c35206.akiya-athome.jp/bukken/detail/buy/防府市売戸建住宅-37692?utm_source=chatgpt.com and provide the latest Japanese source sheet?
- Is the property still available, and is the listed price still current?
- What are the exact ownership rights, land/building sizes, taxes, and transfer costs?
- Are water, sewer or septic, gas, electricity, and internet currently connected and usable?
- Can the agent provide recent photos of the roof, exterior, foundation, wet areas, and electrical panel?
- Are there any hazard-zone, road-access, rebuilding, zoning, lodging, or neighborhood restrictions?
Member Next Step
If this property still looks interesting after reviewing the risks, prepare the questions above before contacting the agent. Akiyas Invest can help route serious interest to a Japanese agent when appropriate.