84-pyeong lot, 38-pyeong house in Seongbok-dong
10 minutes by car to Seongbok Station, 30 minutes to Gangnam's Yangjae
A three-story detached house in Seongbok-dong, Suji-gu, Yongin, Gyeonggi Province is up for auction with a minimum bid in the 500 million won range.
The auction property examined this week is a three-story detached house in Seongbok-dong, Suji-gu, Yongin, Gyeonggi Province. Seongbok-dong is an area where apartment prices have climbed notably this year, with record-high transactions continuing at major complexes near Seongbok Station on the Sinbundang Line.
The property sits on a 279-square-meter (about 84 pyeong, where 1 pyeong equals 3.3 square meters) lot and has a total floor area of roughly 38 pyeong across three floors — a living room and kitchen on the first floor, two bedrooms on the second, and a family room plus one bedroom on the third. Completed in 2016, the building is in relatively good condition. Prospective buyers should note that there is no dedicated garage or clearly defined parking space.
The property's biggest selling point is its location. Seongbok Station is about 10 minutes away by car and roughly 30 minutes by bus — not within immediate walking distance of the station, but close enough to enjoy both the Seongbok-dong neighborhood and easy access to Gwanggyo. The site is separated from the main apartment and commercial district by Domachi-ro, which limits access to nearby amenities. Via the Yongin-Seoul Expressway and Gyeongbu Expressway, Yangjae-dong in Gangnam-gu is reachable in about 30 minutes.
The property was initially appraised at 782.22 million won but drew no buyer in its first auction round, pushing the minimum sale price down to 547.55 million won. Given that the land alone is valued at roughly 599.85 million won on the official appraisal, the asking price appears attractive. However, the access road share does not appear to be included in the sale, meaning ground rent claims or road-use disputes could arise — bidders should confirm this before submitting an offer. Full details and the auction outlook are available in the video above.
quq@heraldcorp.com
