3K House near Noeuchidai Station, Naishirocho 1, Miyakojima-ku, Osaka City
1 Naishirocho, Miyakojima Ward, Osaka City, Osaka Prefecture
Price
¥1,200,000
Layout
3K
Building
43.66 sqm
Land
33.27 sqm
Overview
Affordable leasehold home near Noeuchidai Station with good transit access, ideal for renovation or investment use.
This is a leasehold 3K house located in Miyakojima Ward, Osaka City, priced affordably at 1.2 million JPY. It is a wooden two-story house built in 1950 with 43.66 sqm of living space on a 33.27 sqm land plot. The property is within a five-minute walk to Noeuchidai Station on the Tanimachi subway line, and three train lines and stations are accessible nearby. The area offers convenient access to schools, kindergartens, parks, and supermarkets. The property is sold vacant and is available for immediate possession. Note that rebuilding on this site is not permitted due to leasehold conditions.
This listing is located in 1 Naishirocho, Miyakojima Ward, Osaka City, Osaka Prefecture. Buyers should compare the price against station access, road status, building age, renovation scope, utility condition, and intended use before treating the headline price as the real project cost.
Highlights
- Highly affordable leasehold property at 1.2 million JPY
- Located 5 minutes walk from Noeuchidai Station (Tanimachi Line)
- Accessible to 3 lines and 3 stations
- Compact 3K layout in a wooden two-story building
- Nearby amenities including schools
- nursery
- parks
- and supermarkets
- Available for immediate possession
- Leasehold tenure with a new 30-year term
- Low monthly ground rent of 11
- 500 JPY
Buyer fit
- Buyers seeking an affordable starter home near Osaka city
- Investors looking for budget leasehold properties with transit access
- Buyers interested in renovation projects
- Residents prioritizing convenience to multiple train lines
- Small families or single occupants requiring compact housing
Important risks
- Property is leasehold under old-law leasehold tenure
- not freehold
- Lease carries monthly ground rent and requires guarantee deposit and contract fee
- Rebuilding rights do not exist for this property
- Property is aged since construction in 1950
- Land size is very small at 33.27 sqm
- No parking space available
Buyer risk note
Ideal Homes listings are buyer education and marketing support, not final legal, tax, investment, insurance, or building advice. Verify registry, boundaries, roads, utilities, hazard maps, contract terms, renovation estimates, and building condition with qualified local professionals before purchase.
Buyer Guides For This Listing
Read our guide to buying akiya in Kansai
Understand vacant-home pricing, renovation risk, and the buyer workflow before shortlisting.
Understand renovation costs in Japan
Plan around roof, utilities, bath, kitchen, termite, electrical, and hidden-condition risk.
How utilities work after buying a home in Osaka
Check water, electricity, gas, and internet setup before move-in or renovation.
Foreign buyer due diligence checklist
Review registry, road, zoning, utility, hazard, and contract checks before signing.
Osaka property guide
Compare Osaka neighborhoods, transport, living convenience, and buyer-fit risks.
Photos
Location
The property is described as 1 Naishirocho, Miyakojima Ward, Osaka City, Osaka Prefecture. For overseas buyers, location review should include station access, daily shopping, road width, parking, emergency access, hazard maps, local contractors, and whether the area suits your intended residence or investment use.
Address
1 Naishirocho, Miyakojima Ward, Osaka City, Osaka Prefecture
Nearest station
Noeuchidai Station (Tanimachi Line), 5 min walk
Parking
No parking available
Road access
Private road burden approx. 6.08 sqm
Property Facts
Property status
Newly listed
Publication date
22 Jul 2026
Internal reference
21016371
Ownership
Leasehold
Occupancy
Vacant
Structure
Wooden
Floors
2 floors
Building age
76 years
Annual property tax
¥10,000
Renovation And Investment
Renovation scenarios are being prepared.
Use case
Residential rental
Project cost
¥1,200,000
Monthly rent
-
Net yield
-11.5%
This property is sold as leasehold with a monthly ground rent of 11,500 JPY (138,000 JPY annually). As the property is vacant, there is no current rent income; hence, the net yield is negative based on ground rent expense. Potential purchasers should consider rental demand and renovation costs for investment viability.
Survey, Legal And Due Diligence
Neighbourhood notes
-
Noise and sunlight
-
Building condition
-
Utilities and interior
-
Safety concerns
-
Recommended checks
-
Legal and verification notes
Old-law leasehold (tenure renewed with a new 30-year term). Monthly ground rent (chidai) is 11,500 JPY. Guarantee deposit 230,000 JPY. Contract fee 35,000 JPY. Estimated property tax approx. 10,000 JPY per year (AI estimate, please verify). Rebuilding of the property is not allowed (no reconstruction rights).
Ideal Homes KK is a legally registered Real Estate Agency in Japan and not permitted to provide false information on property listings, however all information is provided in good faith, but not guaranteed. Buyers must conduct their own due diligence.
Buying This Type Of Property
Is 3K House near Noeuchidai Station, Naishirocho 1, Miyakojima-ku, Osaka City suitable for foreign buyers?
It may be suitable if the location, access, renovation scope, ownership details, and utility condition match your intended use. Foreign buyers should verify the Japanese source documents and professional checks before treating this as a purchase-ready property.
What should I check before buying a 3K home in 1 Naishirocho, Miyakojima Ward, Osaka City, Osaka Prefecture?
Start with ownership, registry, road access, boundaries, zoning, hazard maps, utilities, building condition, insurance availability, renovation cost, taxes, and whether the intended use is legally and practically possible.
What renovation risks should I budget for?
For a property built 1950, buyers should consider roof, water damage, termite, electrical, plumbing, insulation, bath/kitchen replacement, structural, and contents-removal risk. The listed price is not the same as total project cost.
Can this property be used as a rental or investment?
Possibly, but rental use depends on location demand, renovation standard, legal use, management, insurance, taxes, tenant profile, and conservative yield assumptions. Treat any investment scenario as an estimate until reviewed locally.
What are the biggest known risk notes?
Property is leasehold under old-law leasehold tenure not freehold Lease carries monthly ground rent and requires guarantee deposit and contract fee Rebuilding rights do not exist for this property Property is aged since construction in 1950 Land size is very small at 33.27 sqm No parking space available
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3K House near Noeuchidai Station, Naishirocho 1, Miyakojima-ku, Osaka City
¥1,200,000