Final chance to bid! Rented 3-room + kitchen, €53,000 — below the agent's valuation for a building with renovated pipework!, Kuopio

For sale to the highest bidder: an already rented, pipe‑renovated three‑room apartment in a great location!

Why bid on this property:

✅ Low sale price -> excellent return on equity

✅ Starting price €53,000 — more than €50,000 below market value!

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

✅ Cash flow barely negative
✅ Reliable tenant with clean credit record
✅ Housing company loan -> allows leverage and tax‑deduction benefits
✅ Location – peaceful, close to nature, near services and the shore, 2 km to the town centre.
✅ Major building renovations completed -> hassle‑free apartment in a good area

Kuopio as an investment city:

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

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

Housing company:

The company comprises one building with 26 apartments. The company’s financial position and liquidity are good. Major renovations have been completed — see the detailed list below. The building is calm with a good atmosphere and letting prospects in the area and building are excellent.

Apartment and tenant:

This is a well‑kept second‑floor three‑room apartment with a balcony. It includes a dishwasher. The apartment is rented on an open‑ended lease 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. A new dishwasher has just been purchased for the apartment.

Rental yield:

The monthly rent is €925. After the service charge the property yields €510 per month, i.e. €6,120 per year. The apartment carries a housing company loan of €59,134.12 (as of 30 September 2025). The housing company loan is accounted for in the company’s books, so the financing charge is fully tax‑deductible.

Valuation and market price:

In October a similar sized three‑room apartment in the same building in satisfactory condition sold for €119,134. An estate agent has valued this apartment at €130,000 (valuation attached), so the starting price is over €50,000 below market value!

Distances:

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

Major renovations:

- Windows and balcony doors replaced 1999
- Lifts installed and stairwells refurbished 2006
- Plot service line and main sewer replaced 2006
- Extract ventilation units replaced 2008
- Water supply pipes renewed and apartments fitted with water meters 2013
- Balconies renovated and glazed 2018
- Sewer network relining 2021

The deposit must be paid immediately after the auction ends. The transaction will be completed electronically with a signed contract by 31 December 2025.

Bid here to secure yourself a great investment for Christmas at a huge discount!