To the highest bidder — new studio, low sale price + own plot!, Espoo

The apartment is available for rent and the current owner manages the letting. Asking rent is €690/month.

Apartment:

The fifth-floor studio (31 m², 1 room + kitchenette) was completed in summer 2023, so all surfaces and fittings are like new. The apartment has an open-plan kitchen with modern appliances (including integrated dishwasher and induction hob) combined with the living room, creating a spacious living area. Glazed balcony opens to peaceful views, offering extra living space year-round. The bathroom is spacious and contemporary: it has underfloor heating, a shower screen and a space for a washing machine.

Housing company:

Asunto Oy Espoon Katajakallio is a company completed in 2023 in Nöykkiö, Espoo. The company comprises 57 residential units in two apartment blocks. The buildings are located on their own land, so there is no separate ground rent charge. Heating is energy-efficient district heating (energy class B2018) and each block has a lift. The company's amenities include a pleasant sauna area, laundry room and outdoor equipment storage for residents. There is also an underground heated car park. The company has recently had its annual inspection and there are no significant repair needs for a long time - living in a new building is worry-free without renovation concerns. The housing company loan repayments have been recognised in the company's accounts, making them 100% tax-deductible for an investor.

Espoo - Finland's technology centre

Espoo is a growing technology and business hub in the Helsinki metropolitan area, offering excellent conditions for work, education and leisure. The city is known for its higher education institutions (Aalto University's campus in Otaniemi) and innovation hubs (Keilaniemi), which continuously attract new residents and support a strong rental market. In Espoo, nature and urban life combine: the city has large green areas, seafront routes and several shopping centres (e.g. Iso Omena, the new Lippulaiva and Sello). Nöykkiö is located in the southern part of Espoo, about a 20-minute drive from central Helsinki. The area is popular with students as well as families. Espoo's ongoing population growth and high employment create demand for rental housing also in the future.

Micro-location - Nöykkiö

Nöykkiö is a quiet and desirable residential area surrounded by green forests and good services. Nature is literally on the doorstep: the shared courtyard of Katajakallio borders the rocky Eestinlaakso park-forest, from which paths lead to Espoo Central Park and the seafront. All everyday services are within walking distance:

- Local shop and library: approx. 500 m

- Daycare centres and schools: several in the area (primary school approx. 300 m)

- Bus stop: approx. 100 m (right next to the building) - direct bus connections to Matinkylä's Iso Omena and thus to the metro

- Lippulaiva shopping centre approx. 3.2 km

- Iso Omena shopping centre approx. 4.1 km

The area also offers excellent leisure opportunities: the sports fields of Nöykkiö Park and Latokaski outdoor routes are nearby and within about a 10-minute drive there are several sports centres, beaches and the seafront running tracks of Espoo. The location by a popular small-house area combined with good transport links makes it ideal for tenants who value both tranquility and convenient everyday life.

Rental yield and investment case

The market rent for the property is approx. €690/month. Thus, at full market rent the apartment yields, after service charges, approx. €6,648 per year.

There is still housing company loan outstanding (calculated on 30 November 2025) €140,150. The company loan's interest rate review was on 10 October 2025, when the margin was 2.202%. The total interest rate is 3.352%.

If the apartment's sale price is €28,000 and rent €690/month, the property's return on equity at the current interest level is approx. 6.9%.

Why this property?

✅Like-new apartment (2023) - no renovation worries for years, modern fittings and a popular layout

✅Own land - no ground rent costs or ground rent increases

✅Recognised company loan - 100% deductible for an investor

✅Location in growing Espoo - Nöykkiö's peaceful surroundings combined with good connections to services: bus stop next to the building, schools and shops within walking distance, quick access to the metro. Proximity to nature appeals to tenants year after year.

A new property manager's certificate has been ordered and will be added to the listing as soon as it arrives.