Freehold modern one-bedroom apartment in a prime location, Rovaniemi

For sale: a freehold, relatively new rented apartment in Rantavitikka with a parking space! The location is excellent — the university is about 600 m away and the nearest shop is only a few hundred metres from the property.

Rovaniemi:

Rovaniemi is the capital of Lapland and a gateway to northern nature, combining urban life and arctic nature in a unique way. The city is known as the official hometown of Santa Claus and for its lively tourism. Rovaniemi continues to grow and has passed the 65,000 resident mark. In terms of attractiveness for movers, Rovaniemi is approaching the top ten most appealing cities in Finland. Growth has continued for 22 consecutive years.
Rovaniemi is also an important education centre, with about 8,000 higher education students at the University of Lapland and Lapland UAS. The city also hosts secondary vocational institutions such as Lapland Vocational College and the Lapland Sports Institute.

Micro-location:

Rantavitikka is south of the city centre and is home to the main campuses of both the University of Lapland and Lapland UAS. The area offers grocery stores and restaurants, and the city centre and railway station are easily accessible. The neighbourhood includes both apartment blocks and small houses, and the Kemijoki river offers excellent outdoor opportunities. The nearest shop is a few hundred metres from the building and the university is about 600 m away.

The building:

Rovaniemen Kinos 2 was completed in 2021 and is built with concrete structures. The pitched roof is covered with bitumen felt, and the façade combines fibre-cement boards and wood cladding. The four-storey building has a lift and 69 apartments. All apartments have either a French (Juliet) balcony or a balcony (as in this apartment). Heating is energy-efficient district heating. The building stands on its own plot. The housing company has 33 parking spaces, which are sold as separate shares.

The apartment:

For sale is a rented, well-maintained 36 m² two-room apartment (1 bedroom + kitchenette + balcony) on the third floor of a four-storey building. The layout is practical and the fittings are modern. The kitchen has a 4-zone induction hob, extractor hood, combination oven, integrated dishwasher and an integrated fridge with a separate freezer compartment. The bathroom is tiled and the dry area walls are painted. Floors are laminate. The apartment is completed by a private balcony, which adds space and comfort.

As an investor you benefit from a capitalised housing company loan and favourable loan terms. The housing company loan attributable to the apartment is €95,469.31 as at 31/12/2025. The loan balance will be confirmed at the time of sale.

Parking space:

The shares entitling ownership of a parking space with a heater socket are sold with the apartment for €3,500. The parking space is sold separately and is not included in the auction price. There is no debt allocated to the parking space. The parking space is rented to the apartment tenant at €30/month and its service charge is €13.13/month.

Rental income:

The apartment is let on a periodic tenancy agreement. The lease began on 28/04/2023 and the tenant has been reliable. The rent is €692/month (+ parking €30/month) + usage charges (water €20). The company maintenance charge is modest, just €4.20/m². The apartment's maintenance charge is €151.20/month, financing charge €572.70/month and media charge €2.00/month. The parking space service charge is €13.13/month. The financing charge also includes a portion of principal repayment.

Why this property?

✅ Rovaniemi’s growing appeal and developing urban structure make the area attractive for the future.

✅ Services and transport links are close, supporting good rental potential.

✅ The asking price is favourable thanks to the housing company loan.