Scenario: You are looking at investing in single room apartments under 28m2 with an expected a rental value of around 65,000JPY/month and 10% running costs. You expect at least 12% return on your investment so working backwards will pay no more than 5.85Million JPY. Question: Have there been any such properties sold at the foreclosures recently? Answer: In the last 8 auctions (since 2018-10-11) there have been 1 freehold properties fitting your requirements receiving an average of 5.0 bids per property. The average selling price was 146.0% of the Appraisal Value or 5.43Million JPY.
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