3-room flat rented to reliable tenants — €46,000 below estate agent valuation in a pipe-renovated building!, Kuopio

For sale to the highest bidder: a pipe-renovated, tenanted three-room flat in a great location!

Why bid on this property:

✅ Low sale price -> excellent return on equity

✅ Starting price: €46,000 below market value!

✅ Monthly rent €925 -> net rental income €510 per month

✅ Cash flow hardly negative
✅ Reliable tenants with clean credit checks
✅ Company loan -> enables leverage and tax-deduction benefit
✅ Location – peaceful, close to nature, near services and the beach, 2 km to the centre.
✅ Major building renovations completed -> worry-free flat in a good area

Kuopio as an investment city:

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

Kuopio offers diverse services and good transport links, including several shopping centres, restaurants, cultural attractions and sports facilities, and hosts many annual events. It is known for its beautiful nature and lake scenery. Kuopio is attractive for property investors: the housing market has been stable and prices reasonable compared with other large Finnish cities. The city’s growing student population also supports demand for rental housing.

Housing company:

The company comprises one building with 26 apartments. The company’s finances and ability to pay are good. The most significant renovations have been carried out (see list below). The building is calm and the atmosphere is good. Letting prospects in the area and the company are excellent.

Flat and tenant:

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

Rental yield:

The monthly rent is €925. The property yields €510.00 per month after maintenance charge, i.e. €6,120.00 per year. The flat carries a housing company loan of €59,134.12 (as of 30 September 2025). The 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 flat in the same building sold in October for €119,134. The estate agent has valued this flat at €130,000 (valuation attached), so the starting price is over €47,000 below the market price!

Distances:

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

Major renovations:

- Windows and balcony doors replaced 1999
- Lifts installed and stairwells renovated 2006
- Plot service pipe and main drain replaced 2006
- Extract ventilation units renewed 2008
- Domestic water pipes replaced and individual water meters installed 2013
- Balconies renovated and glazed 2018
- Sewer network relined 2021

A deposit must be paid immediately after the auction ends. The sale will be completed by 7 February 2026 with an electronically signed contract.

Bid now to secure yourself an excellent investment for Christmas at a huge discount!