Refurbished three-room flat next to Oulu's future university!, Oulu

On 25 November 2025 the University of Oulu Board decided to build an entirely new university campus in Kontinkangas. The University of Oulu will move gradually from Linnanmaa to the new unified campus in Kontinkangas. Construction work is estimated to start in 2027. This is expected to significantly increase the value of the flat and rental demand.

Up for auction is a renovated flat on the 1st floor (building with lift) in the Kontinkangas district of Oulu (not at street level).

Shares no. 80–155 in the company Asunto Oy Oulun Sairaalanrinteen Lääkäri (business ID 3012024-9), entitling the holder to possession of the flat at Sairaalanrinne 4 H A2, 90220 Oulu (3 rooms + kitchen, 76 m²).

The flat is sold immediately vacant for the buyer's own use or as an investment. It has been let and has just been vacated by the current tenant.

Extensive refurbishment carried out by the insurance company in Oct 2023–Jan 2024.

The floors throughout have been renewed; the old vinyl coverings were removed at the same time (so the indoor air is fresh). The bathroom was also renovated with a vinyl surface during the same works.

Good location, less than 3 km from Oulu city centre. Oulu University Hospital and a 24-hour shop are next door, Kastelli's multi-purpose building is across the road (here you can find e.g. a school and a daycare), and the vocational university and college social and health units are about 1 km away. The strong location is further evidenced by new-builds in the same courtyard.

Maintenance charge for the flat: €304/month.

Ground lease fee: €288.04/month (the housing company sits on land owned by Ålandsbanken's land fund).

Cable TV €0.20/month.

Broadband €2.00/month.

Water charge €22 per person.

Reserve for renovations €76/month for future works. No specific renovations have been decided.

The flat is mortgage-free and has no outstanding arrears.

The building was completed in 1974.

District heating.

Property maintenance is handled by a maintenance company.

Property manager: Kiinteistötahkola, Aleksi Lepistö