Last chance to bid: Fully renovated 2-bedroom apartment in Etelä-Haaga €70k below agent valuation – freehold plot, geothermal heating, pipes renewed, Helsinki

For sale: a fully renovated three-room apartment in the sought-after Etelä-Haaga, sold with a tenant in place. Debt-free asking price €70,000 below the valuation!

Apartment:
A bright and exceptionally functional 55 m² three-room apartment (3 rooms + kitchen + bathroom + glazed balcony) is for sale with a tenant in place at Kauppalantie 25 B 17, Etelä-Haaga. The apartment is on the second floor and was completely renovated in 2025. It is in good condition and already let.

The layout is efficient and practical: two genuine separate bedrooms, a spacious living room and a separate kitchen. The space is used very efficiently, making the apartment feel considerably larger than its size. The kitchen has been completely renewed and fitted with modern appliances: an induction hob, dishwasher, fridge-freezer and cooker hood. The walls and ceilings have been painted, and the floors have light laminate, so the surfaces are new throughout the apartment. The bathroom was renewed in connection with the housing company's pipe renovation in 2019 and has underfloor heating. Tiled walls, tiled floor, shower enclosure, washing-machine connection, mirrored cabinet and vanity unit.

The living room opens onto a glazed balcony facing the peaceful courtyard to the east. The views face the courtyard to the north and east, keeping street noise and views from passers-by on the other side of the building.

Housing company:
Asunto Oy Kauppalantie 25 is a brick-framed apartment building completed in 1964, with 18 residential apartments and two commercial premises. The building is among the finest of its era: its white façade, clean horizontal windows and glazed balconies give it a timeless, understated appearance. The housing company owns the plot (2,097 m²). The major renovations have been completed. In 2019, an extensive pipe renovation and refurbishment programme was carried out, including replacement of water and sewer pipes (relining of main drains), bathroom renovations with underfloor heating, water fittings, balancing and radiator valves, electrical renewal including telecommunications cabling, renewal of ventilation units, smoke extraction hatches, refurbishment of the housing company's sauna, renewal of locks, and renovation of the courtyard, parking area and garages. The housing company switched to geothermal heating in 2025, and the project has been completed. No major projects have been decided for the future. The maintenance needs assessment mainly lists condition surveys and maintenance-type works for the coming years. The housing company's finances are sound: the 2025 maintenance margin was €22,457, and a €28,359 maintenance surplus was carried forward to the next financial year.

Micro-location:
The apartment is in an excellent location in Etelä-Haaga, one of Helsinki's most established and resilient residential areas. Huopalahti railway station is approximately 400 metres away, and there is a bus stop right next to the building, providing direct access to the Helsinki region commuter rail network, the city centre and the airport without a car. A shop is approximately 200 metres away, while Haaga and Munkkiniemi's services and the Keskuspuisto outdoor trails are nearby. From a tenant's perspective, this is exactly what people pay for: a peaceful, leafy setting combined with easy everyday life and short commutes.

Etelä-Haaga as an investment location:
Etelä-Haaga is one of Helsinki's stable, sought-after and highly resilient residential areas, where rental voids typically remain short and the tenant base is high quality. It is not a speculative growth area but a long-term store of value—the very thing investors seek as a foundation for their portfolio. Good transport links, an owned plot and completed major renovations mean that the property's risks are exceptionally well managed.

Tenancy:
Update: The tenancy agreement has been terminated to end on 31 December 2026.

The apartment is let under an open-ended tenancy agreement that began on 25 October 2025 to a tenant with a clean credit history. The rent is €1,100/month plus a water advance of €20/person/month, adjusted according to consumption. The tenancy deposit (€1,100) has been paid and remains valid, and will transfer to the benefit of the new landlord in accordance with the terms of the agreement. Rent payments have been made as agreed.

Price and local market:
A property agent's valuation puts the property at €335,000. The debt-free asking price is €265,000, meaning the apartment can be acquired for approximately €70,000 below the agent's valuation.

The maintenance charge is €357.50/month and the financial charge is €341/month. The apartment's share of the housing company's loan is €51,029.75 as at 15 July 2026. The loan is a project loan from Osuuspankki, with a reference rate of 6-month Euribor plus a 0.53% margin, and runs until 31 December 2044. The loan share may be repaid in full if desired.

Over the past two years, completed sales of well-maintained three-room apartments in pipe-renovated buildings on owned plots in Etelä-Haaga have averaged approximately €350,000. Sales have reached well into the €400,000s, with some considerably higher.

Based on completed sales, completed prices for well-maintained three-room apartments in pipe-renovated buildings on owned plots in Etelä-Haaga have averaged approximately €340,000–€350,000 over the past two years. Several sales have also fallen within the €350,000–€400,000 range, and the highest completed sale prices have exceeded €400,000.

Why this property?

✅ Opportunity to buy an apartment well below the agent's valuation
✅ Apartment completely renovated in 2025
✅ Pipe-renovated housing company
✅ Housing company switched to geothermal heating in 2025
✅ Owned plot
✅ Excellent and sought-after location