The Secret to Success: Investing in a 4 Billion Won Distressed Small Building at the Entrance of Seorae Village (ft. Express Bus Terminal Station, Banpo Reconstruction, Seoripul Tunnel Development)
A small building located at the entrance of Seorae Village was sold for 4.3 billion won (60.64 million won per pyeong), attracting significant investor attention. With convenient transportation options including Express Bus Terminal Station (Lines 3, 7, and 9) and Sinbanpo Station (Line 9), coupled with the development potential from Banpo reconstruction and the Seoripul Tunnel, this small building emerges as an attractive investment opportunity.
Why Did the Distressed Small Building at the Entrance of Seorae Village Sell for 4.3 Billion Won?
In November 2019, the building at 92-5 Banpo-dong was sold for 4.3 billion won (60.64 million won per pyeong). The building, featuring a site area of 70.91 pyeong and a total floor area of 184.52 pyeong from basement 1 to ground floor 4, is located at the entrance of Seorae Village. Notably, the seller sold at purchase cost and guaranteed vacant possession of all floors, allowing the buyer to immediately install an elevator through remodeling and maximize the building's value. This "golden goose" building presented investors with a high-return opportunity.
- Distressed Sale Condition: Sold at purchase cost
- Vacant Possession of All Floors: Facilitates remodeling
- Elevator Installation: Maximizes building value
Triple-Station Access & Convenient Transportation, Abundant Amenities
The building boasts excellent transportation accessibility, being located near Express Bus Terminal Station (Lines 3, 7, and 9) and Sinbanpo Station (Line 9). Additionally, it is surrounded by various amenities, including the Supreme Prosecutors' Office, Seoul Central District Court, Express Bus Terminal, Shinsegae Department Store, Catholic University Seoul St. Mary's Hospital, Banpo Sports Complex, and Montmartre Park. This "oasis in the city" offers an optimal location with convenient transportation and abundant amenities.
- Triple-Station Access: Convenient transportation
- Abundant Amenities: Complete living infrastructure
- Oasis in the City: Optimal location conditions
Seorae Village Core Commercial Area & High Rental Demand
The building is situated at the entrance of Seorae Village, a commercial area with various shops, including Starbucks, cafes, restaurants, and clothing stores. Furthermore, it benefits from a high-end demographic, including lawyers, doctors, and celebrities, allowing for selective tenant management. This "golden commercial area" presents an attractive investment opportunity with stable rental income.
- Seorae Village Core Commercial Area: High rental demand
- High-End Demographic: Stable rental income
- Golden Commercial Area: Attractive investment opportunity
Banpo Reconstruction & Seoripul Tunnel Development, Expected Future Value Growth
The building is located in the heart of Banpo reconstruction projects, including Kyungnam Apartments and Banpo Jugong Apartments. With the opening of the Seoripul Tunnel and development of the former Defense Intelligence Command site, the area is expected to experience future value growth. Additionally, nearby apartment prices nearing 100 million won per pyeong indicate high land value appreciation potential. This "golden vein" building presents an attractive investment opportunity for those seeking future value growth.
- Banpo Reconstruction Development: High land value appreciation
- Seoripul Tunnel & Former Defense Intelligence Command Site Development: Expected future value growth
- Golden Vein: Future value investment
Investment Analysis and Conclusion
This Seorae Village small building transaction presents various investment attractions, including distressed sale conditions, convenient transportation, abundant amenities, high rental demand, and expected future value growth. Therefore, this building is considered a high-return investment opportunity. As Seorae Village continues to develop, it is expected to attract increasing investor interest.
