Apartment building — Studio 26.5 m², 2019, Vantaa

Here is an excellent opportunity:

Other similarly aged one-room apartments in Kaivoksela, Vantaa, have sale prices of at least €20,000 (+ housing company loan),

here the bids start from a sale price of €0 and the property will be sold to the highest bidder (!)

This company has a sizeable housing company loan that can be deducted from rental income; the plot has been purchased outright, so the plot share is also tax-deductible, further improving rental yield.

The buyer will, in addition to the sale price, take responsibility for the housing company loans (loans as of 30 June 2026)

• Building loan (POV 1) €80,837.93

• Plot loan (POV 2) €21,220.42

• Façade repair loan (POV 3) €2,852.89

• TOTAL HOUSING COMPANY LOANS €104,911.24

Charges:

• Residential charge €5.20 per m² × 26.5 = €137.80

• Media charge €1.99 per unit × 1 = €1.99

• POV 1 – building loan €4.50 × liable shares 127 = €571.50

• POV 2 – plot loan €4.00 × liable m² 26.5 = €106.00

• POV 3 – façade repair loan €0.7437 × liable m² 26.5 = €19.71

Total charges €837 / month + water advance €20

On Vuokraovi.com, rents for similar newer one-room apartments in Kaivoksela range from €599–€700/month + water (highest €700, average €633/month + water).

With annual rent increases and loan reduction, cash flow will quickly turn positive.

Although the apartment's cash flow is initially negative, the required equity is small, and loans can be reduced by lump-sum payments if desired.

One advantage of repaying capital via financing charges is that these charges are tax-deductible.

APARTMENT:

• Like-new one-room apartment

• The apartment has a French balcony with double doors. The door/window can be fully opened in summer

• Top floor 2/2

• Comprehensive fittings: fridge/freezer, dishwasher, cooker hood, separate oven/microwave and induction hob.

• Apartment-specific ventilation control, water-circulated underfloor heating, mechanical supply and extract ventilation with heat recovery (HRV)

• The housing company has a smoking ban on apartment balconies, French balconies and the plot.

• Own plot (!)

• The builder that constructed the housing company has been declared bankrupt; the construction warranty deductible is quite large. Therefore the façade repair was done with a housing company loan, and it is possible that any other later-emerging repair needs that would normally be the builder's responsibility could fall to the housing company for the same reason.

SERVICES

• Local services in Kaivoksela e.g. McDonald's and Saslik Kebap 260 m + S-market 550 m + Lidl 650 m + Myyrmanni 1.5 km + St1 petrol station/shop open until midnight

• Bus stop 50 m

• The consolidation of Metropolia University of Applied Sciences to Myyrmäki brings around four thousand students nearby, making Kaivoksela popular with investors!

• Train: Myyrmäki 1.4 km, Louhela 1.4 km

• Bus: 60 m + Library 1.5 km + Swimming pool 1.4 km, gyms e.g. Elixia 1.5 km

• Nearby are the Vantaanjoki recreational routes and the pleasant Vetokannas beach (900 m) with a beach volleyball court.

  
  

  Call, seller of the apartment:

  
  

  Suomen Kiinteistökeskus Oy / 365-Kiinteistökeskus LKV Juha Laakkonen, CEO, Licensed Real Estate Agent LKV, 0400 244 324 juha.laakkonen@365-kiinteistokeskus.fi www.365-kiinteistokeskus.fi