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

For sale in the Rantavitikka area: a relatively new, tenant-occupied apartment on its own plot and 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 building.

Rovaniemi:

Rovaniemi is the capital of Lapland and a gateway to northern nature, combining city life and Arctic nature in a unique way. The city is known as the official hometown of Santa Claus and for its busy tourism. Rovaniemi continues to grow and has exceeded 65,000 inhabitants. In terms of migration appeal, Rovaniemi is approaching the top ten most attractive cities in Finland. This growth has continued for 22 consecutive years.
Rovaniemi is also an important education city with around 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 located south of the city centre and is home to the main campuses of both the University of Lapland and Lapland UAS. The area has grocery stores and restaurants, and the city centre and railway station are easily accessible. The residential area includes both apartment blocks and detached houses, and the banks of the Kemijoki River offer excellent outdoor opportunities. The nearest shop is a few hundred metres from the building and the university is about 600 m away.

Housing company:

Rovaniemen Kinos 2 was completed in 2021 and is constructed of concrete. The pitched roof is covered with a bitumen membrane, and the façade combines fibre‑cement boards and timber cladding. The four‑storey building with a lift contains 69 apartments. All flats have either a French 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 that are held as separate shares.

Apartment:

For sale is a rented, well‑maintained 36 m² one‑bedroom apartment (2 rooms + kitchenette + balcony) on the third floor of a four‑storey block. The layout is practical and the equipment is modern. The kitchen includes a four‑plate induction hob, extractor hood, combination oven, integrated dishwasher and an integrated fridge with a separate freezer compartment. The bathroom is tiled and the dry areas have painted walls. Floors are laminate. The apartment is completed by its own balcony, which adds extra space and comfort.

As an investor, you benefit from the allocated share of the housing company loan and favourable loan terms. The housing company loan attributable to the apartment is €95,469.31 as at 31 December 2025. The loan share will be confirmed at closing so that the offered debt‑free price remains and the sale price is updated to reflect any change in the loan liability.

Parking space:

Shares entitling to the management of a parking space with a heating socket are sold for €3,500. The parking space is sold in a separate transaction and is not included in the sale price. No loan liability is attached to the parking space. The parking space is rented to the apartment’s tenant at €30 per month and its service charge is €13.13 per month.

Rental yield:

The apartment is rented under an open‑ended tenancy agreement. The tenancy began on 28 April 2023 and the relationship with the tenant has been good. Rent is €692 per month (+ parking €30 per month) + utilities (water €20). The maintenance charge in the housing company is modest, only €4.20/m². The apartment’s maintenance charge is €151.20 per month, the finance charge is €572.70 per month and the media charge is €2.00. The parking space service charge is €13.13 per month. The finance charge also includes a repayment portion.

Why this property?

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

✅ Services and transport links are nearby, which supports good rental demand.

✅ The sale price is affordable thanks to the housing company loan.