Ready-rented tidy flat with high rental yield!, Siilinjärvi

Sold to the highest bidder!

Now up for auction: a tidy 86.5 m² flat in Simonsalo, Siilinjärvi! 🤩

The apartment is on the first floor of a three-storey building at Anteronkierto 17, 71800 Siilinjärvi. 📍

This well-kept home has a long-term tenant who pays €745.06/month + service charges.

This means the apartment's rental income is a whopping €3,024 per year! 💰✨

If the auction price is €30,000, the flat yields over 10% rental return per year!

The apartment has a well-maintained bathroom, and the tenant has taken excellent care of the property.

Siilinjärvi is an attractive and stable municipality for property investment, where modest prices meet strong rental demand. 🔥

🚗 Excellent location, only about a 20-minute drive from Kuopio.

💼 Good transport links attract commuting workers to the area.

🏠 Smart and large family homes are rarely available on Siilinjärvi's rental market!

This property offers the investor not only a great rental yield but also a positive cash flow! ✅

The company underwent a major renovation in c. 1997–2001, when the major works were comprehensively completed.

Below you will find a detailed list of completed and upcoming renovations! 👇

Board's assessment of maintenance needs (2026–2030)

Estimate of future maintenance work under the Housing Companies Act that may significantly affect the use or costs of the apartments:

• Roof: A roof-repair assessment will be commissioned and necessary measures carried out if the roof is in poor condition.

• Ventilation: Cleaning of ventilation ducts and adjustment of air flows.

• Energy: Investigation into energy optimisation.

• Heating system: Condition inspections of district heating equipment and checks/adjustments of heating curves.

• Water and sewer network: A pressure-reducing valve will be installed on the domestic water network (reduces network pressure and decreases water consumption).

• Locks: Replacement of locking systems.

• Windows and doors: Inspection of seals and repair or replacement of seals and fittings where necessary.

• Bathrooms: Inspection and repair of welded seams on vinyl flooring where necessary.

• Balconies: The concrete balustrades of balconies in AK 17 will require refurbishment or, alternatively, replacement with steel-framed balustrades by the end of the review period.

Significant maintenance and alteration works carried out earlier
Major renovation (c. 1997–2001)
Renovations were carried out in phases between 1995 and 2001. The renovation included the following works:

• Pipes and sanitary fittings: Domestic water pipes, line balancing and shut-off valves and sanitary fittings were renewed. Hot- and cold-water consumption meters were installed in each apartment (equalisation billing in 4-month periods). Asbestos insulation from old pipes was removed.

• Heating network: New line balancing and shut-off valves installed, as well as new thermostat valves and controllers. The heating network was balanced.

• Sewers: Rainwater drains and roof drains renewed according to the site plan. Rain and wastewater drains are type-approved PVC pipes.

• Bathrooms: Apartments' bathrooms were renovated; the old wall drain model was replaced with a floor drain model.

• Interior surfaces and fixtures: Fixed kitchen, hallway, bathroom/WC and bedroom fittings and kitchen appliances renewed. Walls and ceilings in dry areas were repainted and vinyl floor coverings renewed.

• Windows and doors: Apartment windows (MSEL 170) and balcony glass doors renewed. Apartment entrance doors refurbished. Metal staircase doors and vestibule doors renewed. Other communal doors renewed or repaired.

• Balconies: Balconies refurbished and Lumon balcony glazing installed on AK 15 balconies.

• Roofing: Roof and top balconies' roofing renewed with a double layer of bitumen membrane. Roof drainage renewed (new roof drains with electrical de-icing cables), eaves flashings and edge raising battens renewed. Safety rails installed on roof ladders.

• Common areas: Sauna facilities, storage rooms, stairwells, staircases and cold cellars refurbished. Electric underfloor heating installed in sauna, washroom and laundry room floors.

• Yard area: Area lighting and engine heater posts renewed/serviced. New waste shelter built. Drains flushed. Outdoor equipment (swings, drying racks, waste and sand containers) refurbished or renewed.

• Facade: Façade jointing renewed. External cladding panels renewed, panel surfaces repaired and repainted and plinths refurbished and coated.

• Ventilation: Central ventilation units serviced or renewed during the major renovation. New 2-speed exhaust fans were installed in the communal sauna areas, controlled by an outdoor thermostat-operated day/week clock.

Other renovations and maintenance after the major renovation

• Cleaning and adjustment of ventilation ducts:

  • AK 17: May 2011

  • AK 15: October 2018

• Replacement and servicing of extract fans:

  • AK 15: Extract fans replaced in February 2006

  • AK 17: Extract fans replaced in May 2011, bearings replaced in November 2014

• Bathrooms: Apartments' bathrooms renewed as needed between 2010 and 2022.

• Safety and inspections:

  • Shelter airtightness tests carried out in 2015

  • Building fire inspection carried out

So hurry up and bid for this neat and profitable investment property!