Debt-free, renovated two-bedroom flat next to Oulu’s future university + OSAO investment €112 million!, Oulu

For sale: a just-vacated renovated three-room flat in Sairaalanrinne, Oulu, close to the services of Oulu city centre. This is likely Oulu’s cheapest apartment, so let’s hope for a good auction competition and a price rise! Rental potential, for example furnished, is €1,200-1,500/month and as shared accommodation approx. €900-1,000/month. We are putting this back on sale because of a prank bidder.

The Board of the University of Oulu decided on 25.11.2025 to build a completely new university campus in Kontinkangas. The University of Oulu will gradually move from Linnanmaa to the new unified campus in Kontinkangas. Construction work is expected to begin in 2027. This will significantly increase the apartment’s value and rental demand.

In addition, OSAO is building a new campus at Kotkantie 1, 90250 Oulu. The project’s implementation costs are about €112.2 million. The project and campus are expected to be completed during 2030, and it is OSAO’s largest investment in history; read more on OSAO’s website. The new campus will be located 1.4 km from this apartment for sale.

Together, both projects will ensure a very high occupancy rate and high rent, both during the construction period and later from students.

The renovated apartment on the 1st floor of a building with a lift in Kontinkangas, Oulu, is being auctioned (however, not at street level).

Shares no. 80-155 of Asunto Oy Oulun Sairaalanrinteen Lääkäri (business ID 3012024-9), which entitle the holder to control flat at Sairaalanrinne 4 H A2, 90220 Oulu (3 rooms + kitchen, 76 m2).

The flat is sold immediately vacant for the buyer’s own use or as an investment. The apartment has been used for renting and has just become vacant from the current tenant.

A major renovation was carried out on the apartment by the insurance company in 10/2023-01/2024.

The flooring throughout the flat has been replaced, and the old vinyl flooring surfaces were also removed at the same time (so the indoor air is fresh). The bathroom was also renovated with a new surface at the same time.

Good location, less than 3 km from Oulu city centre. Oulu University Hospital and a 24-hour shop are nearby, Kastelli multi-purpose building is across the road (including a school and daycare), and the social and health care units of the university of applied sciences and vocational college are about 1 km away. The fact that new-build projects have also been built in the same courtyard says something about the location.

Maintenance charge for the flat is €304/month.

Plot rent charge €288.04/month (the housing company is located on a plot owned by Ålandsbanken’s plot fund).

Cable TV €0.20/month.

Broadband €2.00/month.

Water fee €22/person.

Renovation charge €76/month for future repairs. No repairs have been decided.

The apartment is debt-free, and there are no payment arrears relating to it.

The housing company was completed in 1974

District heating.

Maintenance of the property is handled by a maintenance company.

Property management: Kiinteistötahkola, Aleksi Lepistö