3-room + kitchen apartment in Hyville rented to reliable tenants — €46,000 below agent’s valuation of a pipe-renovated building!, Kuopio

For sale to the highest bidder: a pre-rented, pipe-renovated three-room apartment in a great location!

Why bid on this property:

✅ Low purchase price -> excellent return on equity

✅ Starting price €46,000 below market value!

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

✅ Cash flow barely negative
✅ Good and reliable tenants (clean credit records)
✅ Housing company loan -> allows leverage and tax-deduction benefits
✅ Location - peaceful, close to nature, near services and the beach, 2 km to the centre.
✅ Major building renovations completed -> hassle-free flat in a good area

Kuopio as an investment city:

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

Kuopio offers a wide range of services and good transport links. There are several shopping centres, restaurants, cultural sites and sports facilities, and many events are held annually. Kuopio is also known for its beautiful nature and impressive lake scenery. From an investor’s point of view Kuopio is attractive: the housing market has been stable and property prices reasonable compared with other major Finnish cities. The city’s growing student population also creates demand for rental housing.

Housing company:

The company comprises one building containing 26 apartments. The company’s financial situation and ability to pay are good. The most significant renovations have been carried out — see the detailed list below. The building is calm and the atmosphere is good. Letting prospects in the area and in the building are excellent.

The apartment and the tenant:

This is a well-maintained second-floor three-room apartment with a balcony. There is a dishwasher in the apartment. The apartment is let on an open-ended tenancy to reliable tenants with clean credit records from 15 November 2025. The first possible notice date is 1 September 2026, so the landlord is guaranteed rental income. A new dishwasher has just been purchased for the flat.

Rental yield:

The monthly rent is €925. After maintenance charges the property produces €510.00 per month, giving an annual return of €6,120.00. The apartment has a housing company loan of €59,134.12 (as of 30 September 2025). The housing company loan has been recognised in the company accounts, so the financing charge is fully tax-deductible.

Valuation and market price:

A similarly sized, satisfactory-condition three-room apartment in the same housing company was sold in October for €119,134. An estate agent has valued this apartment at €130,000 (valuation attached), so the starting price for the apartment is over €47,000 below market value!

Distances:

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

Major renovations:

- Windows and balcony doors replaced 1999
- Lifts installed and stairwells renovated 2006
- Site supply and main sewer replaced 2006
- Extract ventilation units replaced 2008
- Domestic water pipes renewed and apartment water meters installed 2013
- Balconies renovated and glazing installed 2018
- Sewer network relining 2021

The deposit must be paid immediately after the auction ends. The sale will be completed by 31 January 2026 with an electronically signed deed.

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