A 33.5 m² one-bedroom apartment with a balcony in Salo, sold to the highest bidder!, Salo

For sale by highest bid: a 33.5 m² second-floor one-bedroom apartment in Salo, immediately available and ready for renovation.

The apartment has been smoked in over the years, so it is being sold for renovation, but with careful refurbishment it can become a very comfortable home for either owner-occupier or rental use. The apartment has painted wall surfaces and a durable epoxy floor in the bathroom, light tiled walls and space for a washing machine.

Comparable well-kept apartments of the same size in the area have achieved a rental level of around €515.00/month. With a modest maintenance charge of €144.05/month, the property generates a strong cash flow of approx. €370.95/month, or about €4,451/year, before financing costs and tax.

This apartment offers an excellent opportunity for a property flipper, an investor seeking strong rental yield, or someone renovating it into their own home!

Costs

Maintenance charge: €4.30/m²/month
Water charge: €28.00/person/month
Parking space fee: €17.00/space/month

Carport fee: €24/space/month
Sauna fee: €15.00/session/month

Housing company

Asunto Oy Salon Tyynelä is a debt-free housing company built in 1974, consisting of four separate apartment buildings. The large housing company with 114 apartments is located on three rental plots owned by the City of Salo. The lease agreements for the plots are valid until 2041–2043, depending on the agreement. The apartment mix is varied. It includes 33.5 m² studio apartments, 49.5–59.5 m² one-bedroom apartments, and 76.0 m² two-bedroom apartments. The housing company has 33 carport spaces and 46 outdoor parking spaces with engine block heaters, which are under the housing company's management. The property underwent a major renovation in 1998, during which the common areas, building services and apartments were renovated.

Water pipe replacement in the property is timely based on the technical service life and condition of the pipes.
The project planning, project management and commissioning of the water pipe renovation will be handled by Sijoitusasunnot.com.

Basic information about Asunto Oy Salon Tyynelä

Street address: Isotuvankatu 1 and 5, Hämeenojankatu 2, 24260 Salo
Completion year: 1972

Building type: Apartment block

Number of buildings / storeys: 4 buildings / 4 storeys.
Lifts: No lift

Floor area / number of apartments: 6,338.50 m² / 114 apartments

Commercial premises: No

Plot ownership / term / plot area:

Rented plot, Isotuvankatu 1, City of Salo
Area: 5,883.50 m²
Annual rent: €4,494.27
Agreement valid until 31.12.2041

Rented plot, Isotuvankatu 5 a-b, City of Salo
Area: 5,267.30 m²
Annual rent: €5,451.32
Agreement valid until 31.12.2041

Rented plot, Hämeenojankatu 2, City of Salo
Area: 3,850.40 m²
Annual rent: €3,906.78
Agreement valid until 31.12.2043

Heating / heat distribution: District heating / water-circulated radiators

Ventilation: Mechanical exhaust ventilation

Building frame: Concrete frame

Ground floor / intermediate floor: Concrete structure
Roof type, roof material: Flat roof / bitumen membrane

Housing company broadband Lounea / Cable TV – Lounea

Report on maintenance needs 2026-2030

• Preparation for renewal or coating of the roof at Isotuvankatu 1 and 5 based on technical service life and condition.

• Maintenance measures for apartment windows: checking the function of window stays and long fasteners and replacing them if necessary. Replacing window and door seals.

• Water pipe replacement in the property is timely based on the technical service life and condition of the pipes.
  Project planning for the water pipe renovation has been started.

• At the expense of Sijoitusasunnot.com:
  – façade repairs will be carried out on the end of Isotuvankatu 1

  
  

Maintenance and alteration work carried out in previous years

• Apartment smoke detectors replaced in 2025

• Ventilation cleaning, measurement and adjustment in 2021

• Heating control, radiators and line-balancing valves replaced in 2020

• Drainage pipes flushed in 2016

• Car park resurfacing renewed in 2016

• Roof renewed at Hämeenojankatu 2 in 2014

• Lock systems renewed in 2013

• Windows repaired and painted in 2009

• Heating distribution centre and automation renewed in 2008

• Balcony doors renewed in 2004

• Major renovation 1997–1998
  – Apartment bathrooms renewed
  – Apartment water pipes and drains renewed
  – Wall and ceiling surfaces in common areas renewed
  – Roofs at Isotuvankatu 1 and 5 renewed
  – Balconies repaired
  – Construction of new balconies at Isotuvankatu 5 (9 pcs)

Location

Isotuvankatu 1 and 5 and Hämeenojankatu 2 are located in the pleasant Ollikkala area of Salo, where everyday services are easily within reach. The nearest shop, K-Market Ollikkala, is about half a kilometre away, and Ollikkala school and daycare are within walking distance. From Ollikkala to Salo city centre and its comprehensive services, including shopping centre Plaza and the train station, is only about 1.5 kilometres. The journey takes a few minutes by car and about 10 minutes by bicycle.

Salo IoT Campus, an important centre for expertise and business in Salo, is located about 2.5 kilometres from the property. Built on Nokia's former production and product development facilities, the technology hub brings together around one hundred companies from various fields as well as students, researchers and educational institutions. The campus area also hosts the Salo unit of Turku University of Applied Sciences.

Salo, with over 50,000 inhabitants, is the second-largest city in Southwest Finland. Located along the growth corridor between the Helsinki metropolitan area and Turku, Salo benefits from its excellent logistics location and connections towards Turku and Helsinki. The distance to Turku is about 55 kilometres, and the travel time by car or train is 30–45 minutes. Helsinki is about 115 kilometres away. If realised, the West Rail project could have a significant impact on Salo's accessibility and long-term development. Faster links to the Helsinki metropolitan area could strengthen Salo's position as part of a wider commuting region.

Contact:

Sijoitusasunnot.com Group Oy

Matti Honkasalo

041 439 2489

matti.honkasalo@sijoitusasunnot.com