Sinlim-dong 1.6 Billion Won Revenue-Generating Small Building Transaction Completed! Investment Information for Gosywon/One-Room Buildings Revealed
Sinlim-dong 1.6 Billion Won Revenue-Generating Small Building, Transaction Completed! Investment Information for Gosywon/One-Room Buildings Revealed
In Sinlim-dong, Gwanak-gu, Seoul, a revenue-generating small building was transacted for 1.6 billion Won. With growing interest in revenue-generating properties due to the increase in single-person households and short-term rental demand, let's conduct a detailed analysis of this Sinlim-dong small building transaction, which offers potential for stable cash flow.
Sinlim-dong 1.6 Billion Won Small Building, Revenue-Generating Investment Case
In February 2025, a small building located at 88-44 Sinlim-dong, Gwanak-gu, was sold for 1.58 billion Won. This building, situated in the Seowon Station area, is a B1F to 5F scale property and is a revenue-generating real estate asset capable of generating rental income targeting single-person households, such as Gosywon and one-room units.
Transaction Information:
- Location: 88-44 Sinlim-dong, Gwanak-gu
- Subway Station: Seowon Station
- Transaction Date: February 2025
- Sale Price: 1.58 billion Won
- Land Area: 49.91 pyeong (165㎡)
- Zoning District: Second Class General Residential Zone
- Floors: B1F ~ 5F
- Road Condition: 4m*4m Corner
- Year of Completion: June 13, 2003
Increase in Single-Person Households, Revenue-Generating Real Estate Investment Trend
Recently, interest in revenue-generating properties like Gosywon and one-room units has been growing due to the increase in single-person households and short-term rental demand. Particularly, Sinlim-dong is a densely populated area for single-person households, making it a popular location for revenue-generating real estate investment, as stable rental demand can be expected.
Investment Trends:
- Increased demand for revenue-generating properties like Gosywon and one-room units due to the rise in single-person households
- Expectation of stable rental income due to increased short-term rental demand
- Sinlim-dong's popularity as a revenue-generating real estate investment location due to its high concentration of single-person households
Considerations When Investing in Revenue-Generating Small Buildings
While investing in revenue-generating small buildings can generate stable rental income, various factors must be considered during investment.
Considerations:
- Location Conditions: Transportation accessibility such as subway stations and bus stops
- Rental Demand: Analysis of the target rental population (single-person households, students, office workers, etc.)
- Building Age: Building condition, maintenance costs
- Rental Yield: Analysis of profitability including rent, vacancy rate, management fees, etc.
For Sinlim-dong Small Building Investment, Expert Assistance is Important
Investing in revenue-generating small buildings requires more specialized knowledge and experience than general real estate investment. It is important to seek assistance from a real estate expert to plan your investment and minimize investment risks.
Detailed Transaction Analysis
Let's examine the specific transaction details of the building at 88-44 Sinlim-dong.
※ Transaction Details
- Location: 88-44 Sinlim-dong, Gwanak-gu
- Subway Station: Seowon Station
- Transaction Date: February 2025
- Sale Price: 1.58 billion Won
- Land Price (Per Pyeong): 31.66 million Won
- Land Area: 49.91 pyeong (165㎡)
- Building Area (Total Floor Area): 134.16 pyeong (443.52㎡)
- Zoning District: Second Class General Residential Zone
- Floors: B1F ~ 5F
- Road Condition: 4m*4m Corner
- Year of Completion: June 13, 2003
- Official Standard Land Price (공시지가): Approx. 13.61 million Won (Per Pyeong)
- Land Price Relative to Official Standard Price: Approx. 2.33 times (Shows that the actual transaction price was higher than the official standard price.)
This transaction is a case where a small building with a land area of approximately 50 pyeong and a total floor area of 134 pyeong (B1F to 5F) was transacted for 1.58 billion Won, at 31.66 million Won per pyeong. Located in the Seowon Station area within a Second Class General Residential Zone and fronting a 4m corner road, it has the basic locational conditions for a revenue-generating property. Being completed in 2003, its age is not excessively old, which is also an advantage. This transaction case suggests that investing in a revenue-generating small building in the station area within the mid to high 1 billion Won range is a possibility in the Sinlim-dong area.
Conclusion: Sinlim-dong Revenue-Generating Small Building, Expecting Stable Rental Income
The case study of the 1.58 billion Won small building in Sinlim-dong, Gwanak-gu, shows that investing in revenue-generating real estate in areas like Sinlim-dong can still be an attractive option in the era of increasing single-person households. The location in the Seowon Station area, abundant rental demand from single-person households, and a relatively reasonable investment amount are advantages of investing in a revenue-generating small building in Sinlim-dong.
However, all investments carry risks, so a thorough analysis of the location, condition, rental status of the property, and local market trends is essential. Especially for Gosywon or one-room buildings, rental management is important, so the building's management condition and potential tenant demand must be carefully examined. We hope you can seize successful Sinlim-dong small building investment opportunities through careful analysis and expert advice.