'Ultra-Low Price' Small Building Next to Cheongnyangni Mijoo Apartment Traded for ₩650 Million! A 'Hidden Gem' with Redevelopment Prospects
A small building located in Cheongnyangni-dong, Dongdaemun-gu, Seoul, near Cheongnyangni Station, where large-scale redevelopment projects are actively underway, has been traded for a surprising price of ₩650 million, attracting significant attention from real estate investors. This 3-story building, situated right next to Cheongnyangni Mijoo Apartment and on a prime station area corner, appears to be an attractive opportunity for investors looking for capital gains due to future Cheongnyangni development.
In this article, we will analyze the detailed transaction history of the small building in Cheongnyangni-dong, Dongdaemun-gu, and delve deeply into its locational advantages right next to Cheongnyangni Mijoo Apartment, the reason why small building investment is possible with a small amount, and the impact of future Cheongnyangni development prospects on this building.
₩600 Million Small Building in Cheongnyangni-dong, Dongdaemun-gu, Detailed Transaction Analysis
The building that was recently sold is located at 52-20 Cheongnyangni-dong, Dongdaemun-gu, and is situated right next to Cheongnyangni Mijoo Apartment. It boasts a station area location within walking distance of Cheongnyangni Station subway. It was traded for ₩650 million in March 2025, and the land price was assessed at ₩308.3 million.
- Location: 52-20 Cheongnyangni-dong, Dongdaemun-gu
- Subway Station: Cheongnyangni Station
- Transaction Date: March 2025
- Sale Price: ₩650 million
- Land Price per Pyeong: ₩30.83 million
- Land Area: 21.08 pyeong (69.7㎡)
- Building Area: 45.47 pyeong (150.32㎡)
- Zoning: Type 2 General Residential Zone
- Floors: Basement 1st Floor ~ Ground 3rd Floor
- Road Condition: 4m*4m corner
- Completion Year: December 3, 1987
- Publicly Assessed Value: Approx. ₩13.6 million
- Publicly Assessed Value Ratio to Land Price: Approx. 2.27 times
Amazing Price for a Prime Station Area Corner Small Building Right Next to Cheongnyangni Mijoo Apartment
The biggest feature of this building is that it was traded at a relatively low price of ₩650 million, despite being a prime station area corner small building with the best location conditions right next to Cheongnyangni Mijoo Apartment. In particular, being able to purchase a station area small building in a key area of Seoul at this price is a very rare opportunity.
Cheongnyangni Development Prospects: 'UP' Potential for Future Value Increase
The Cheongnyangni Station area where this building is located is currently undergoing large-scale redevelopment projects, and is expected to grow into a key hub in northeastern Seoul through the improvement of the residential environment and the expansion of commercial and business functions. In particular, Cheongnyangni Mijoo Apartment, located right next to this building, is also scheduled for a reconstruction project, allowing for consideration of development possibilities in conjunction with it.
Small-Scale Investment in Small Buildings Possible: An Attractive Investment Alternative
While investment in small buildings in the Gangnam area is virtually impossible at a price range of ₩600 million, being able to purchase a small building in the Cheongnyangni Station area at this price can be a very attractive investment alternative for small-scale investors. In particular, with the clear prospect of Cheongnyangni development in the future, stable income and considerable capital gains can be expected.
Conclusion: Small Building Next to Cheongnyangni Mijoo Apartment, The Best Investment Opportunity with Low Price and Development Prospects
This ₩650 million corner small building located right next to Cheongnyangni Mijoo Apartment in Cheongnyangni-dong, Dongdaemun-gu, Seoul, is a very attractive investment property that has all three elements: a prime station area location, a low price, and Cheongnyangni development prospects. If you are considering small-scale real estate investment in Seoul, do not miss this building in the Cheongnyangni Station area.
The building at 52-20 Cheongnyangni-dong, Dongdaemun-gu, was sold in March 2025.
※ Transaction Details
- Location: 52-20 Cheongnyangni-dong, Dongdaemun-gu
- Subway Station: Cheongnyangni Station
- Transaction Date: March 2025
- Sale Price: ₩650 million
- Land Price per Pyeong: ₩30.83 million
- Land Area: 21.08 pyeong (69.7㎡)
- Building Area: 45.47 pyeong (150.32㎡)
- Zoning: Type 2 General Residential Zone
- Floors: Basement 1st Floor ~ Ground 3rd Floor
- Road Condition: 4m*4m corner
- Completion Year: December 3, 1987
- Publicly Assessed Value: Approx. ₩13.6 million
- Publicly Assessed Value Ratio to Land Price: Approx. 2.27 times
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