New studio in Espoo on its own plot!, Espoo

The apartment is let and the current owner handles the tenancy. The asking rent is €690.

Apartment:

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

Housing company:

Asunto Oy Espoon Katajakallio is a company completed in 2023 located in Nöykkiö, Espoo. The company has a total of 57 residential units across two apartment blocks. The buildings are on their own plot, so there are no separate plot rent charges. Heating is energy-efficient district heating (energy class B2018) and each block has a lift. The building's amenities include, for example, a pleasant sauna section, a laundry room and outdoor equipment storage for residents. In addition, the building has an indoor car park. A yearly inspection has just been held and there are no significant repair needs for a long time — living in a new building is carefree without renovation worries. The company's loan servicing charges have been recognised in the accounts, making them 100% tax-deductible for an investor.

Espoo - Finland’s technology hub

Espoo is a growing technology and business centre in the Helsinki region, offering excellent conditions for work, education and leisure. The city is known for its universities (Aalto University campus in Otaniemi) and innovation hubs (Keilaniemi in Espoo), which continually attract new residents and support a strong rental market. In Espoo, nature and city life meet: the city has large green areas, coastal promenades 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 Helsinki city centre. The area suits both students and families. Espoo’s ongoing population growth and high employment create continued demand for rental housing.

Micro-location - Nöykkiö

Nöykkiö is a peaceful and desirable residential area, surrounded by green forests and good services. Nature is literally on the doorstep: the shared courtyard of Katajakallio residents 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 station

- Lippulaiva shopping centre approx. 3.2 km

- Iso Omena shopping centre approx. 4.1 km

The area also offers excellent recreational opportunities: Nöykkiö Park’s sports fields and Latokaski outdoor routes are nearby, and within about a 10-minute drive there are several fitness centres, beaches and the Espoo coastal route running paths. Its location next to a popular detached-housing area combined with good transport links makes it an ideal environment for tenants who value both tranquillity and convenient everyday life.

Rental yield and investment case

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

There is still company loan outstanding (calculated 31 December 2025) of €139,658.31. The loan interest review took place on 10 October 2025, when the margin was 2.202%. The total interest rate is 3.352%.

If the sale price of the apartment is €28,000 and the rent €690/month, the investment yields approximately 6.9% return on equity at the current interest level.

Why this property?

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

✅Own plot - no plot rent or rent increases

✅Recognised company loan - 100% deductible for the 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, metro reachable quickly. Proximity to nature appeals to tenants year after year.