Iwappara

Prince Heim Yuzawa

Property health check

Possible statistical drop

May be an artifact of the statistics, not a real drop

¥1.8M¥3.5M

Upkeep from ¥18,790/mo · 3 for sale

≈US$11K–US$22K *approx.

Data as of 2026-08

Asking price / tsuboPrice per tsubo (approx. 3.3㎡)¥224K–¥272K
Holding-cost ratioAnnual upkeep ÷ price15.1%
Repair reserve fundMonthly, per ㎡¥120/m²
Listing concentrationUnits for sale ÷ total units1.1%3/261 units

Property overview

Address111-3 Shimonakago, Tsuchitaru, Yuzawa Town, Minamiuonuma District, Niigata Prefecture
Built1989 (37 yrs old)Seismic standardPost-1981 seismic code
StructureSteel-frame reinforced concrete, 13 floorsTotal units261 units
Main shared facilitiesCommunal bath: heated (non-hot-spring) water, with sauna (free) [13F] Weekdays 15:00–24:00, Sat/Sun/holidays 12:00–24:00 [Sauna] Year-round, from the communal bath opening time until 22:00 *Closed ThursdaysPool (kur): 15m heated pool (free), fitness kur (free) 15:00–20:00 *Open only during Golden Week, Obon and the year-end and New Year periodSports room: 9:00–20:00 (free) *Closed ThursdaysOwners-only guest room: available *Please confirm details at the front deskCoin laundry: washers and dryers (6 each)Other shared facilities: library, mailboxesPets: not allowed
Heating & hot waterHeating:Baseboard heater
Hot water:Electric water heater
Gas:None
AccessEchigo-Yuzawa Station (Joetsu Shinkansen):About 3.1km, about 5 min by car
Yuzawa IC (Kan-etsu Expressway):About 2.4km, about 4 min by car
ManagementFull commission (resident staff)・Gojinsha Planning Research Institute Co., Ltd.
ParkingIndoor: 12 spaces (¥10,000/month) Outdoor: 86 spaces (free) *One space per unit only
AreaIwapparaRestaurants (800m)None found within 800m
Shops (800m)Supermarkets none / Convenience stores noneListing status3 listings ¥1.8M–¥3.5M
Data as of2026-08AssessmentPossible statistical drop
Interested in this property? Ask us — free, reply within 48h
FREEGet price-drop alerts by email
Aspect 01

Price check (gap vs. market index)

Assessment: Possible statistical drop

Asking-price range
¥1.8M–¥3.5M
Actual asking price / tsubo range
¥224K–¥272K
Average price / tsubo
¥256K
Market index (per tsubo)
¥130K/tsubo
Units for sale
3 units
Aspect 02

Units currently for sale (3)

2026-09-21 snapshotSource: エンゼル不動産
FloorLayoutAreaPricePrice / tsuboDetails
75F1K26.60 sqm (approx. 286 sqft)¥1.2M¥149K/tsuboListing
1K26.60 sqm (approx. 286 sqft)¥1.8M¥224K/tsuboListing
1LDK42.56 sqm (approx. 458 sqft)¥3.0M¥233K/tsuboListing
Aspect 03

Area closing prices (MLIT transaction data)

Scope
湯沢町 pre-owned condominium deals (2023年第2四半期〜2025年第3四半期)
Closed deals
14 listings
Median closing price / tsubo
¥262K
Closing price / tsubo (IQR)
¥132K–¥457K
This building's asking price / tsubo
¥224K–¥272K
Asking ÷ municipal closing median (approx.)
0.95×
Aspect 04

Holding-cost ratio

Management fee + reserve fund (monthly)
¥18,790–¥30,010
Holding-cost ratio (annual ÷ asking price)
15.1%
Aspect 05

Total annual holding cost (incl. taxes & fees)

ItemTypeAmount
Management fee + reserve fundMonthly¥18,790–¥30,010
Water base chargeMonthly¥1,100
Fixed asset taxYearly¥33,100
Annual total (12 months of fees + taxes & yearly costs)Yearlyapprox. ¥270K–¥410K
Usage frequencyFixed cost per night (using annual lower bound)
10 nights/yrapprox. ¥27,000/night
30 nights/yrapprox. ¥9,000/night
60 nights/yrapprox. ¥5,000/night
Aspect 06

Health of the repair reserve fund

0200400 ¥/m²

This property ¥120/m² / MLIT major-repair guide 190–325 yen/㎡

Aspect 07

Major-repair history & plans

WhenTypeDetails
2004.04CompletedLarge-scale repair works carried out (exterior walls, rooftop waterproofing)
2026PlannedLarge-scale repair works
Aspect 08

Listing concentration

Units for sale / total units
3 / 261 units
Listing concentration
1.1%
Aspect 09

Rental data & investment metrics

Rental listings
1 listings
Monthly rent
¥65,000
Gross yield guide (annual rent ÷ asking price, midpoints)
29.4%
Net yield guide (after upkeep)
19.7%
Break-even vs renting
About 4.8 years (purchase price recovered by the rent-minus-upkeep gap)

The rented and for-sale units may differ in size and floor. These yields indicate the building's general level, not the performance of a specific unit.

Aspect 10

Facility-risk profile

Upkeep-cost risk: Medium

  • Communal bath: heated (non-hot-spring) water, with sauna (free) [13F] Weekdays 15:00–24:00, Sat/Sun/holidays 12:00–24:00 [Sauna] Year-round, from the communal bath opening time until 22:00 *Closed Thursdays
  • Pool (kur): 15m heated pool (free), fitness kur (free) 15:00–20:00 *Open only during Golden Week, Obon and the year-end and New Year period
  • Sports room: 9:00–20:00 (free) *Closed Thursdays
  • Owners-only guest room: available *Please confirm details at the front desk
  • Coin laundry: washers and dryers (6 each)
  • Other shared facilities: library, mailboxes
  • Pets: not allowed
Aspect 11

Disaster risk (hazard maps)

Flood inundation (maximum assumed scale)
No designated zone (no data in this map tile)
Tsunami inundation
No designated zone (no data in this map tile)
Landslide hazard zone
区域外

Source: MLIT Real Estate Library / GSI Hazard Map Portal

Aspect 12

Compared with other buildings in the area

BuildingBuiltUnitsAsking rangePrice / tsuboHolding-cost ratioReserve fundAssessment
Urban Hills Yuzawa Resort1990248 units¥2.0M–¥9.0M¥110K–¥427K23.4%¥88/m²Possible statistical drop
Victoria Tower Yuzawa1992393 units¥2.7M–¥23.0M¥297K–¥767K6.2%–8.7%¥59/m²Needs watching
Angel Resort Yuzawa1989130 units¥3.0M¥349K8%¥200/m²Needs watching
Silver Grace Yuzawa Building 11989108 units¥1.2M–¥6.0M¥80K–¥380K20.9%¥110/m²Possible statistical drop
Sky Resort Yuzawa1989203 units¥1.7M¥113K20.3%¥110/m²Stable
Sportsment Yuzawa 21990545 units¥1.4M–¥11.7M¥103K–¥452K11.3%–12.2%¥176/m²Needs watching
Sportsment Yuzawa I1989282 units¥1.0M–¥2.5M¥103K–¥123K19%¥140/m²Stable
Cesar Yuzawa1989134 units¥4.8M¥387K6.3%¥152/m²Needs watching
Panoramic Yuzawa1990461 units¥1.0M–¥5.5M¥104K–¥258K8.7%–8.8%¥148/m²Needs watching
Famille Villa No.2 Echigo-Yuzawa1989480 units¥1.8M–¥8.8M¥176K–¥441K4.7%–7.9%¥84/m²Needs watching
Prince Heim Yuzawa (this property)1989261 units¥1.8M–¥3.5M¥224K–¥272K15.1%¥120/m²Possible statistical drop
Plaisir Yuzawa1990313 units¥1.0M–¥3.0M¥134K–¥268K7.7%–10.1%¥47/m²Needs watching
White Plaza Yuzawa Building 11986126 units¥1.3M–¥2.5M¥122K–¥235K14.1%¥200/m²Stable
Royal Plaza Yuzawa1989254 units¥5.5M–¥6.8M¥283K–¥349K9.8%¥133/m²Possible statistical drop
Aspect 13

Google reviews: editorial summary

★ 4.1/ 21 reviews

Reviews center on voices saying that with an auto-lock and a front desk on the first floor the management is proper and the place is comfortable, on the maisonette-type units and the layouts including a lift-up bed, on the view where the whole of the ski area can be seen from the living room, and on the pleasantness of the wind that blows in summer. There are also voices citing the free parking, the good access to the ski area, the location about 10 minutes from the expressway exit, and that it was quite sufficient when used by a family of four as a company retreat facility. Some point out that it is a pity the shared bath is not a hot spring, and from an owner who holds it as a rental investment there is a qualified evaluation saying that the occupancy rate is high and better than the surrounding condominiums, but that it would be five stars if the problems of the monthly management fee, the population and maintenance were cleared. On the other hand, there is one lowest rating saying that no sign of residents can be seen at any time and it is extremely frightening at night, a ghosted marginal condominium whose shared areas are also considerably run-down. The count is on the small side at 21. *The rating is the one registered on the building's Google Place.

※Google評価4.1(21件)と口コミをもとに編集部が調査・要約(2026年7月時点)

Editorial review

The editorial team's assessment

Built in 1989 with 261 units in the Iwappara area, this is a heavily-equipped building that has a communal bath and sauna plus a 15m heated pool and a fitness area. The listing price per tsubo is about twice Mansion Review's reference index, and the low index is best read as reflecting the thinness of transactions rather than an actual decline of the building. On the operating side, the heated pool and the fitness kur open only during Golden Week, Obon and the year-end and New Year period, so the fact that utilisation is held down relative to the scale of the facilities should be watched as a tug-of-war with upkeep costs. Large-scale repair works have been under way since May 2026, and the restrictions on shared facilities during the works, together with whether the reserve fund level will be revised afterwards, are points to confirm before purchase. Units have baseboard heaters and electric water heaters, and none of the three listed units has a balcony, so an outdoor air-conditioner unit cannot be installed. Parking is 86 outdoor spaces free of charge and 12 indoor spaces at ¥10,000 per month.

Consult about buying or selling this property

See an instant estimate for this building (free) Chat on WhatsApp

English OK / reply within 48 hours / free

Consultation desk: Life One Next Co., Ltd. (Tokyo Governor License (1) No. 108568; 23-17 Sakuragaoka-cho, Shibuya-ku, Tokyo). An affiliate of this site's operator; if a brokerage agreement is concluded, we receive a real-estate brokerage commission. Consultations are free.

Watch this building (email alerts for price drops and delistings)

We email you when a unit in this building drops in price or its listing ends. Free to sign up.

Listings are checked once a week, so an alert may arrive up to a week after the change. Your address is used only for these alerts and every email includes a one-click unsubscribe link.

Aspect 14

Plain-language glossary

Price per tsubo

The price per tsubo (about 3.3㎡, the size of two tatami mats). A unit for comparing properties of different sizes.

Holding-cost ratio

Annual upkeep (management fee + reserve fund) ÷ property price. The higher it is, the heavier the burden of simply owning.

Repair reserve fund

Money saved every month for future major repairs (exterior walls, piping, etc.).

Listing concentration

What percentage of all units are up for sale. A high figure means many owners want to sell.

Market price index

A reference price auto-calculated by portal sites. It can diverge from actual asking and closing prices.

Closing price

The price at which a sale actually closed (from Japan's MLIT Real Estate Information Library). It is closer to the real market than asking prices (the seller's quote). The figures here aggregate all pre-owned condominium deals across the municipality, mixing building ages and locations.

Management fee

The day-to-day running costs for cleaning, staff, hot springs, and so on.

man-yen (万円)

"Man-yen" (万円) is a unit worth 10,000 yen. e.g. 300万円 = 3,000,000 yen.

Aspect 15

Sources & data

Reviewed by

Kazuki Miyazaki

Kazuki Miyazaki

Licensed Real Estate Transaction Specialist (takken) / Serial entrepreneur / Director, Life One Next Co., Ltd.

Licensed Real Estate Transaction Specialist in Japan (registration no. Kanagawa 129630). Runs the subsidy media Hojokin Plus and co-founded the AI startup Atlas Inc. Works in SEO/LLMO consulting and editorial supervision for real estate and housing.

View profile