Rented renovated terraced apartment €20,000 below the agent's valuation, Espoo

For sale to the highest bidder: renovated and already rented terraced house apartment in Espoo!

Apartment:
Charming renovated terraced house apartment of 36.5 m² for sale in a peaceful location in Kauklahden, Espoo. The kitchen and surfaces were fully renewed at the end of 2021. In June 2025 the living room walls were skimmed and repainted.

The company:
Asunto Oy Espoon Hansakallionpolku 4 is a well-maintained and managed two-building housing company completed in 1989, comprising 18 apartments. The company’s liquidity has been good. No major renovations are planned.

City:

Espoo is one of Finland’s most attractive growing cities, offering a strong mix of high quality of life, developing infrastructure and diverse business. With over 310,000 inhabitants, Espoo is part of the Helsinki metropolitan area and a major technology and education hub. The city is home to, among others, Aalto University and the Otaniemi innovation cluster, which attract students and professionals from around the world. Espoo’s population is growing steadily and the rental market is stable and demand-driven. Employment is strong, particularly in the technology sector and international companies, which supports the city’s appeal for both tenants and investors.

Micro-location:

The apartment is located in Kauklahden, Espoo, a developing and pleasant residential area in West Espoo. Kauklahden combines proximity to nature, a village-like atmosphere and practical everyday services. The area has all essential services, such as grocery stores, day‑care centres, schools, a library, a health centre, restaurants and cafés. Train travel to Helsinki city centre takes only about 30 minutes, and Kauklahden railway station is a few minutes’ walk away.

The area also offers excellent outdoor and exercise opportunities: Central Park of Espoo, the coastline, forests and outdoor trails invite year‑round activity. Kauklahden’s community spirit, good transport connections and expanding services make it attractive for both tenants and property investors.

Rental yield:
The apartment is let from 1 December 2025 on an open-ended tenancy to a reliable tenant at €740/month + €25/month for water. At this rent level and with the current maintenance charge, the property produces €5,551.20 per year. At a debt‑free price of €120,000 the rental yield at the current rent level is 4.6% (formula: (rent − charge) * 12 / debt‑free price). Calculated as return on equity for a €120,000 debt‑free purchase price with 75% leverage, the return is 18.5%. Using 75% leverage with a 25‑year loan at a 2.5% total interest rate, the monthly cash flow remains positive at €58.60 gross (loan repayment with interest €404.00). The above calculation assumes the company loan is repaid with a bank loan. Demand for terraced‑house apartments in Espoo is particularly strong; there are only a fraction of terraced apartments available for rent compared with flats in apartment blocks.

Price:
On Oikotie the cheapest terraced house apartment in Espoo is currently listed at €143,000, so there is an opportunity to acquire a renovated and already rented property at a very good price. A formal estate agent valuation for the property is attached (€132,000), so at auction price the property is roughly €20,000 below market value.

A recent managing agent’s certificate will be ordered for the sale.

Why is this a good investment?

✅ Stylish renovated apartment

✅ Below‑market price → Potential for capital appreciation

✅ High demand for terraced‑house apartments → Excellent lettability

✅ Quiet and pleasant area and yard, tidy housing company

✅ Services nearby and the railway station just a few minutes’ walk

✅ Under 30 minutes to Helsinki city centre by train or car

✅ Espoo is one of Finland’s fastest‑growing cities

Bid here for an affordable and hassle‑free investment apartment in a growing area!