New, fully tenanted studio in Espoo!, Espoo

Apartment:

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

Housing company:

Asunto Oy Espoon Katajakallio is a company-built development completed in 2023 in Nöykkiö, Espoo. The company comprises 57 residential units across two apartment buildings. The buildings are located on their own plot, so there is no separate ground rent charge. Heating is energy-efficient district heating (energy class B2018) and each building has a lift. The company's amenities include a pleasant sauna area, a laundry room and outdoor equipment storage for residents. In addition, there is a heated parking garage. The annual inspection has just been carried out and there are no significant repair needs expected for a long time – living in a new building is worry-free without renovation concerns. The company loan financing charges have been recognised in the company accounts, making them 100% tax-deductible for an investor.

Espoo – Finland’s tech hub

Espoo is a growing technology and business centre in the Helsinki metropolitan area, offering excellent opportunities for work, education and leisure. The city is known for its higher education institutions (Aalto University campus in Otaniemi) and innovation hubs (Keilaniemi in Espoo), which continually attract new residents and maintain a strong rental market. In Espoo, nature and urban life combine: the city offers extensive green areas, coastal walking routes and several shopping centres (e.g. Iso Omena, the new Lippulaiva and Sello). Nöykkiö is located in the southern part of Espoo, approximately a 20-minute drive from Helsinki city centre. The area suits both students and families. Espoo’s continuous population growth and high employment create ongoing demand for rental housing.

Micro-location – Nöykkiö

Nöykkiö is a peaceful and desirable residential area, surrounded by leafy forests and good services. Nature is literally next door: the shared courtyard of Katajakallio borders the rocky Eestinlaakso park forest, with paths leading all the way to Espoo Central Park and the coastline. 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

- 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 the Latokaski outdoor trails are nearby and within roughly a 10-minute drive you can find several fitness centres, beaches and the Espoo coastal route running trails. Its location next to a popular small-house area combined with good transport connections makes it an ideal environment for tenants who value both tranquility and convenient everyday life.

Rental yield and investment case

The property is rented at €690/month. After service charges the apartment yields €6,648 per year.

Company loan outstanding (calculated on 28 February 2026): €133,460.51. The loan’s interest adjustment 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 property provides an approximate return on equity of 6.9% at the current interest level.

Why this property?

✅Like-new apartment (2023) – no renovation worries for years, modern fixtures and a popular floor plan

✅Own plot – no ground rent costs or ground rent increases

✅Recognised company loan – 100% deductible for an 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 access easily reachable. Proximity to nature appeals to tenants year after year.