Fully renovated rented three-room flat in Etelä-Haaga €60k below the agent’s valuation – own plot, ground source heating, pipe renovation done, Helsinki

For sale, rented out, a fully renovated three-room apartment in the sought-after Etelä-Haaga. Debt-free starting price €50,000 below the valuation report!

Apartment:
For sale, rented out, a bright and exceptionally functional 55 m² three-room apartment (3 rooms + kitchen + bathroom + glazed balcony) at Kauppalantie 25 B 17, Etelä-Haaga. The apartment is on the building’s 2nd floor and was fully renovated in 2025. It is in good condition and already rented out.

The layout is efficient and practical: two proper separate bedrooms, a spacious living room and a separate kitchen. The square metres have been used well, and the apartment feels clearly larger than its size. The kitchen has been completely renewed and fitted with modern appliances: induction hob, dishwasher, fridge-freezer and extractor hood. The walls have been painted, the floors have light laminate and the ceilings have been painted, so the surfaces are new throughout. The bathroom was renewed during the housing company’s pipe renovation in 2019 and has underfloor heating. Tiled walls, tiled floor, shower cubicle, washing machine connection, mirrored cabinet and washbasin cabinet.

The living room gives access to a glazed balcony facing the peaceful inner courtyard to the east. The views open towards the inner courtyard to the north and east, so street noise and views stay on the other side of the building.

Housing company:
Asunto Oy Kauppalantie 25 is a brick apartment building completed in 1964, with 18 residential apartments and two commercial premises. The building is among the best of its era: a white façade, clear strip windows and glazed balconies give it a timeless, understated look. The housing company has an own plot (2,097 m²). Major renovations have been completed. In 2019, a large pipe renovation and refurbishment round was carried out: renewal of water and sewer pipes (lining of the main drains), renovation of bathrooms with underfloor heating, plumbing fixtures, riser control and radiator valves, electrical renovation including data cabling, renewal of ventilation units, smoke extraction hatches, renovation of the housing company sauna, renewal of locks, and refurbishment of the yard, parking area and garages. The housing company switched to geothermal heating in 2025 and the project is already complete. No major projects have been decided for the coming years. The maintenance needs assessment lists mainly condition surveys and routine maintenance work for the next few years. The housing company’s finances are in good shape: the 2025 operating surplus was +€22,457 and €28,359 in maintenance surplus carried forward to the next financial year.

Micro-location:
The apartment is in an excellent location in Etelä-Haaga, one of Helsinki’s most classic and value-retaining residential areas. Huopalahti railway station is about 400 metres away and the bus stop is right next to the building, so the commuter rail network, city centre and airport are all directly accessible without a car. A shop is about 200 metres away, and the nearby Haaga and Munkkiniemi services as well as Central Park outdoor routes are close at hand. From a tenant’s perspective, this is exactly what people pay for: a peaceful, green environment, but easy everyday life and short commutes.

Etelä-Haaga as an investment:
Etelä-Haaga is one of Helsinki’s stable, sought-after and resilient residential areas, where rental gaps are typically short and the tenant base is of high quality. The area is not a speculative growth area but a long-term value preserver, exactly what an investor wants as the foundation of a portfolio. Good transport connections, an own plot and the major renovations completed mean the property’s risks are exceptionally well controlled.

Tenancy:
The apartment is rented under an open-ended tenancy agreement starting on 25.10.2025 to a tenant with a clean credit record. The rent is €1,100/month + water advance €20/person/month (adjusted according to consumption). The security deposit (€1,100) has been paid and is valid, and it transfers to the new landlord in accordance with the contract terms. Rent payments have been made as agreed. The contract includes an annual index adjustment clause: rent is reviewed from 1.10. using the cost of living index, increased by up to four percentage points. The first adjustment is on 1.10.2026, so the rent level will already rise in the first year of ownership.

Price and market in the area:
There is a real estate agent’s valuation report for the property of €335,000. The debt-free starting price is €275,000, meaning the apartment can be bought for around €60,000 below the agent’s valuation.

The apartment’s maintenance charge is €357.50/month and the finance charge is €341/month. The apartment is subject to a housing company loan of €51,029.75 as of 15.7.2026. The loan is an Osuuspankki project loan, with 6-month Euribor + 0.53% margin as the reference rate, and a term until 31.12.2044. The debt share can be paid off if desired.

Based on completed sales, the realised prices for good-condition, pipe-renovated apartment three-room flats on own plots in Etelä-Haaga have averaged about €340,000–€350,000 over the past two years. Several sales have also been made in the €350,000–€400,000 range, and the highest realised prices have exceeded €400,000.

Price and market in the area:

There is a real estate agent’s valuation report for the property of €335,000. The debt-free starting price is €275,000, meaning the apartment can be bought for around €60,000 below the agent’s valuation.

The apartment’s maintenance charge is €357.50/month and the finance charge is €341/month. The apartment is subject to a housing company loan of 51,029.75 € as of 15.7.2026. The loan is an Osuuspankki project loan, with 6-month Euribor + 0.53% margin as the reference rate and a term until 31.12.2044. The debt share can be paid off if desired.

Based on completed sales, the realised sale prices for good-condition, pipe-renovated apartment three-room flats on own plots in Etelä-Haaga have been around €340,000–€350,000 on average over the past two years. Several sales have also taken place in the €350,000–€400,000 price range, and the highest realised sale prices have risen above €400,000.

Why this property?

✅ Opportunity to buy well below the agent’s valuation
✅ Apartment fully renovated in 2025
✅ Pipe-renovated housing company
✅ Housing company switched to geothermal heating in 2025
✅ Own plot
✅ Excellent and respected location
✅ Rented to a good tenant