TOP DEAL! Pipe-renovated rented three-room flat €50,000 below the broker's valuation!, Kuopio

THIS IS WORTH GRABBING, SIMILAR PROPERTIES ARE RARELY AVAILABLE!

Sold to the highest bidder: a pipe-renovated three-room flat already rented, in a great location!

Why bid on this property:

✅ Starting price €50,000 below market value!

✅ Monthly rent €925 -> net monthly income €510

✅ Cash flow hardly negative
✅ Good, reliable tenant (clean credit record)
✅ Low purchase price -> excellent return on equity
✅ Company loan -> enables leverage and tax-deductible interest
✅ Location - peaceful, close-to-nature spot near services and the beach, 2 km to the centre.
✅ Major building renovations completed -> hassle-free flat in a good area

Kuopio as an investment city:

Kuopio is in the North Savo region on the shores of Lake Kallavesi. The city has over 120,000 residents and is Finland's 8th largest city (Source: www.kuopio.fi). In the 2020 Pellervo Economic Research ranking, Kuopio ranked 1st among Finland's largest cities (Source: www.vuokranantajat.fi).

Kuopio offers diverse services and good transport connections. It has shopping centres, restaurants, cultural attractions and sports facilities, and hosts many annual events. Kuopio is also known for its beautiful nature and stunning lake scenery. It is attractive for property investors and the housing market has been stable with prices reasonable compared to other major Finnish cities. In particular, the growing student population increases demand for rental housing.

Housing company:

The company includes one building with 26 apartments. The company's financial situation and solvency are good. The most significant renovations have been carried out. See the list below. The building is peaceful and the atmosphere is good. Rental demand is very strong in the area and in this housing company.

Apartment and tenant:

This is a well-maintained second-floor three-room flat with a balcony. There is a dishwasher. The flat is rented on an open-ended lease to reliable tenants with clean credit records from 15 November 2025. The earliest possible termination date is 1 September 2026, so the landlord has secure rental income. A new dishwasher has just been purchased for the flat.

Rental yield:

The monthly rent is €925. The property yields €510.00 per month after maintenance charges, giving an annual return of €6,120.00. The flat carries a housing company loan of €59,134.12 (as of 30 September 2025). The housing company loan has been recognised in the company's accounts, so the financing charge is fully tax-deductible.

Valuation and market price:

A similarly sized three-room flat in satisfactory condition in the same building was sold in October for €119,134. The estate agent has valued this flat at €130,000 (valuation attached), so the starting price is over €50,000 below market value!

Distances:

- 150 m bus stop
- 160 m K-Market
- 750 m Kalevala School
- 1.4 km Honkalahti beach
- 2 km travel centre
- 2.1 km Kuopio city centre
- 2.2 km Kuopio harbour
- 2.3 km Kuopio City Library
- 4 6 5 km University of Eastern Finland campuses

Major renovations:

- Windows and balcony doors renewed 1999
- Lifts installed and stairwells refurbished 2006
- Plot mains and main sewer renewed 2006
- Extract ventilation units renewed 2008
- Domestic water pipes renewed and apartments fitted with water meters 2013
- Balconies renovated and glazed 2018
- Sewer network cured-in-place lining 2021

Bid here and get a fantastic investment for Christmas at a huge discount!