This property must at least be a runner-up for the title of 'Cheapest property in Japan' and I dare say 'the cheapest property in the world'. Such a paradox that it should be found in Japan. I did compromise somewhat, I had to head into snow country to find it. Though I'm not about to give up on finding a better located property. Actuallt this property has some impressive credentials.
The price is a nominal Y1.116 million, which means you can bid a minimum of Y0.8928 million, which based on current exchange rates of Y97 is still less than $US10,000. This is definitely a buy for those Americans struggling to save a $US. Happy ski holiday in Matsue! It must be about 18mths ago now that I travelled around this area. Very beautiful - but very remote. I believe the snow gets pretty think in winter. But this property is big. It actually includes a good part of the forested hill behind the building. More impressive still is the house is 284m2, thats 228m2 downstairs and 56m2 upstairs. There are 3 lots attached to the property - a 471m2 lot, a 136m2 lot and a forested lot of 2757m2, giving a total of 3364m2. But I guess its rural Matsue. See Google Maps for the location.
I actually think this property might suit a person interested in developing a backpackers in Japan. I considered this as a business idea before, but it doesn't really suit me. I'm not so tied to one place. I like to move around. But the house is huge. It looks modern from the outside. I dont know what Toyama's attractions are. But I justr think rural homestay in Japan makes alot of sense because everyone who goes to Japan is likely to have a JR pass, which means getting to this remote place is part of the adventure, which wont cost a great deal.
The building appears to be mostly in good condition. The kitchen and toilet area look pretty cruddy, the rooms are in good condition, just they are very untidy with the current owners rubbish. The bad aspect is that there are holes in the roof panels, exposing the roof. Dont know why this is the case. Maybe the snow has frozen causing the melting water to seep into the house and cause damage to roof. No idea. But I tend to think its a small issue when you look at the price and land included, not to mention the size of the house. At $10,000 I guess some of you wouldn't even need to blink! The biggest issue might be getting there to lodge a bid.------------------------------------------
Andrew Sheldon www.sheldonthinks.com