Charming two-room flat already rented with parking space in Hämeenlinna on its own plot!, Hämeenlinna

Hämeenlinna:

Hämeenlinna is the regional centre of Kanta-Häme and Finland’s 15th largest city. Around 68,000 people live in Hämeenlinna (2024), and according to Statistics Finland’s forecast the city’s population is expected to remain relatively stable in the coming years. Population projections indicate an expected increase of 1–4% by 2040. Hämeenlinna’s employment situation is good. Major employers include the City of Hämeenlinna, the Kanta-Häme Hospital District, the Finnish Defence Forces and several industrial companies such as UPM-Kymmene and SSAB.

The city hosts Häme University of Applied Sciences (HAMK), which has about 7,200 students. There are also several upper secondary and vocational institutions. Hämeenlinna lies conveniently between Tampere and Helsinki, and many who work in the capital region or Tampere live in Hämeenlinna. Turku and Lahti are also within reasonable distance. Transport connections are excellent: Tampere and Helsinki are easily reachable by both train and motorway. The train to Helsinki takes only about one hour. The city’s central location makes it attractive both for residents and businesses.

Micro location:

The property is located on Vuorikatu in the immediate vicinity of Hämeenlinna city centre in the old Finnish barracks area, which has developed into a pleasant and sought-after residential neighbourhood. Goodman shopping centre with comprehensive services is only a couple of hundred metres away, and other central services are easily reached on foot or by bike. The nearby area also offers excellent outdoor and leisure opportunities, making the location attractive for both tenants and owner-occupiers.

Apartment:

The flat is a 40 m² two-room apartment on the 2nd floor. The apartment has its own balcony, and the spacious two-room layout suits a resident who values both practicality and modern solutions. The kitchen is equipped with contemporary integrated appliances and the apartment includes a dishwasher and a connection for a washing machine. Modern finishes, underfloor heating and a well-equipped bathroom make living easy and comfortable.

Housing company:

As Oy Hämeenlinnan Majuri is a freehold housing company completed in 2017. The company comprises 24 apartments and 7 parking spaces. The company loan terms were updated on 1 February 2026. The loan is an annuity loan with an interest rate of 1.88% + 12-month Euribor, and the loan term ends on 18 November 2050. The financing charge includes both interest and principal repayments. The apartment’s share of the company loan at the time 31 March 2026 is €102,806.31.

Rental income:

The apartment is rented on an open-ended tenancy agreement starting 1 June 2022, so the property has a long-term and reliable tenant. The rent is €791.37/month and a water advance of €27/person/month applies. The capital charge from 1 May 2026 is €562/month, and the maintenance charge is €200/month. As a result the apartment’s cash flow is €29.37 positive. The capital charge’s principal repayments build the investor’s net wealth monthly. The parking space maintenance charge is €18.75 and the parking rent is €20; the parking space becomes available from 1 May 2026.

Why this property?

✅ Completed in 2017 and like-new, so there are no renovation worries.

✅ The apartment is already rented.

✅ Get into a good property with relatively small capital.

✅ The apartment’s cash flow is clearly positive, even though the financing charge includes both principal and interest. 💰

✅ Principal repayments in the capital charge build the investor’s net wealth. 💰

✅ Modern fittings in the apartment.

✅ The rental market in Hämeenlinna works very well.

✅ The amortised company loan offers the investor significant tax benefits.

The bidder commits, by placing a bid, to purchase the parking space for €4,000, which is not included in the bid price.