Top-floor 30 m² apartment building studio in Lohja – sold to the highest bidder!, Lohja

For sale: a 30 m² studio apartment on the fifth floor in Lohja, at Mäntynummentie 21 F 72. The apartment is being auctioned immediately and is vacant!

The apartment has mainly light wallpapered walls and a vinyl floor. The kitchen is in original condition, with light blue painted wall surfaces and light kitchen fittings. The kitchen includes a cooker. The bathroom has light wall and floor tiles and a connection for a washing machine (washing machine not included in the sale). The bathroom needs renovation.

The realised rent level for similarly sized apartments has been about €450–470/month, depending on the condition of the apartment. With monthly maintenance charges of €135.00, the property already leaves a strong cash flow of more than €300/month before financing costs. Apartments in the area have rented well. The area is pleasant and close to nature, with everyday services nearby. The property is only about a 50-minute drive from Helsinki, while apartment prices are only a fraction of those in the capital region.

The apartment therefore offers an excellent opportunity for a flipper, an investor seeking strong rental yields, or someone renovating it as their own home!

The housing company

Asunto Oy Lohjan Honkanotko is a housing company built in 1973, consisting of two separate apartment buildings. The large company with 73 apartments is on leased land, with the lease running until 2075. The maintenance charge level is €4.50/m², including the affordable land lease rent (€0.6/m²). The property’s apartment mix includes 30 m² studios, 47.5 m² and 55.5 m² two-room apartments, 73.0 m² three-room apartments and 86.0 m² four-room apartments. The company has 52 car spaces with electrical poles.

The company has undergone a major and carefully executed facade renovation costing over €2 million. As part of this, the concrete balconies were renovated and fitted with balcony glazing. In addition, the domestic water pipes, roof, windows and district heating exchanger package have been replaced. The property has original plastic drainage pipes, with no known issues.

Residents also have access to a sauna, laundry room, drying room, apartment-specific storage cages and a bicycle storage room.

Basic information, Asunto Oy Lohjan Honkanotko:

Street address: Mäntynummentie 21, Hakulintie 4, 08500 Lohja

Year completed: 1973

Building type: Apartment building

Number of buildings / storeys: 2 buildings / 3–5 storeys. Lifts: Yes, 4 pcs

Floor area / number of apartments: 4,106.5 m2 / 73 apartments

Commercial premises: No

Land ownership / term / plot area: Leased land, owner Management in Finland Oy, 10,220.00 m2, annual rent: €30,000.00, agreement valid until 31.12.2075

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

Ventilation: Mechanical extract ventilation

Building frame: Concrete frame

Facade: Brushed/painted concrete surface
Ground floor / intermediate floor: Concrete structure
Roof type, roof material: Flat roof / felt roofing

DNA 25M, cable TV (DVB-C)

Running costs:

Maintenance charge: €4.50/m²/month
Water fee: €30.00/person/month
Car space fee: €10.00/space/month
Sauna fee: €10.00/session/month

Maintenance needs assessment

Estimated future maintenance needs 2026–2030:

• Annual inspections of the roof and any necessary maintenance and repair work.

• Maintenance repairs to windows, balcony doors and exterior doors: inspections/maintenance/replacement of seals and handles.

• Cleaning and adjustment of ventilation ducts.

• Replacement of radiator valves and thermostats, and balancing of the heating network.

Report on maintenance and alteration work carried out in previous years:

• Domestic water pipes replaced 1999

• Replacement of 32 windows on the courtyard side of buildings C–F 2007

• Replacement of 48 windows on the courtyard side of buildings C–F 2008

• Condition survey of facades 2012

• Energy report 2013

• Painting of stairwells 2013

• Project planning for facade renovation, Wise Oy 2014

• Replacement of exhaust fans and cleaning and adjustment of the system 2014

• Facade renovation (actual costs for the completed facade renovation over €2 million) 2016–2018

• Felt roofing on the roof replaced 2017 / 2018

• Concrete balconies renovated, railings replaced (metal/glass) + balcony glazing installed 2018

• District heating exchanger package replaced 2023

Location

Mäntynummentie 21 / Hakulintie 4 is located in a pleasant residential area in Lohja, about five kilometres from the centre. A local shop is in the immediate vicinity. Within about one kilometre there are plenty of everyday services, such as K-Supermarket, a Posti service point, Tokmanni, McDonald’s and other restaurants and shops. The area also has a frisbee golf course and other leisure options.

Lohja is a lakeside city of about 45,000 residents in Western Uusimaa. The city is especially known for Lake Lohja, eskers and spacious residential areas, creating a pleasant, nature-oriented living environment. Lohja offers residents a peaceful everyday life close to a wide range of services, right near the capital region.

Lohja is in an excellent logistical location along Highway 25 and the Helsinki–Turku motorway (Highway 1). Helsinki is just under an hour’s drive away, and connections to Espoo, Vantaa and Turku are smooth.

Contact:

Sijoitusasunnot.com Group Oy

Matti Honkasalo

041 439 2489

matti.honkasalo@sijoitusasunnot.com