Plumbing-renovated two-bedroom apartment €40,000 below agent valuation, Kuopio

For sale to the highest bidder: a ready-let, pipe-renovated three-room flat in a great location!

Why this is a good investment:

✓ Starting price over €40,000 below market value!
✓ Good, reliable tenant (clean credit record)
✓ Low purchase price -> excellent return on equity
✓ Housing company loan -> enables leverage and tax-deductible financing
✓ Location – peaceful, close to nature, near services and the waterfront; 2 km to the centre.
✓ Major building renovations completed -> a worry-free flat in a good area

Kuopio as an investment city:

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

Kuopio offers a wide range of services and good transport connections. There are several shopping centres, restaurants, cultural attractions and sports facilities, and many annual events. Kuopio is also known for its beautiful nature and spectacular lake scenery. From an investor's perspective Kuopio is attractive; its housing market has been stable and property prices are reasonable compared with other major Finnish cities. The city's growing student population in particular increases demand for rental accommodation.

Housing company:

The company consists of one building with 26 flats. The company's finances and payment ability are good. The most significant renovations have been carried out — see the detailed list below. The building is calm and has a good atmosphere. Letting prospects in the area and building are excellent.

Flat and tenant:

This is a well-kept second-floor three-room flat with a balcony. The flat includes a dishwasher. It is let on a periodic tenancy to reliable tenants with clean credit records from 15 November 2025. The first possible termination date is 1 September 2026, so the landlord can expect secure rental income.

Rental yield:

The monthly rent is €925. After the maintenance charge the property yields €510.00 per month, i.e. €6,120.00 per year. The apartment's share of the housing company loan is €59,134.12 (as at 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 similar-sized three-room flat in the same building, in satisfactory condition, sold in October for €119,134. The estate agent has valued this flat at €130,000 (valuation attached), so the starting price is over €40,000 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
- 4–5 km campuses of the University of Eastern Finland

Major renovations:

- Windows and balcony doors renewed in 1999
- Lifts installed and stairwells renovated in 2006
- Site service pipe and main sewer renewed in 2006
- Extract ventilation units renewed in 2008
- Domestic water pipes renewed and individual water meters installed in flats in 2013
- Balconies renovated and glazed in 2018
- Sewer network relined in 2021

Bid here and secure yourself a great investment for Christmas at a very good price!