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

For sale: a recently vacated, renovated three-bedroom apartment in Sairaalanrinne, Oulu, close to the services of Oulu city centre. This is probably Oulu’s cheapest apartment; we naturally hope for strong bidding competition and a resulting price increase! Rental potential is, for example, €1,200–1,500/month when furnished, and approx. €900–1,000/month as shared accommodation. Relisted due to a frivolous bidder.

On 25 November 2025, the Board of the University of Oulu decided to build an entirely new university campus in Kontinkangas. The University of Oulu will gradually move from the Linnanmaa premises to a new, unified campus in Kontinkangas. Construction is estimated 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 construction cost is approximately €112.2 million. The project and campus are estimated to be completed during 2030, making it the largest investment in OSAO’s history; read more on OSAO’s website. The new campus will be 1.4 kilometres from this apartment.

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

Being auctioned in Oulu’s Kontinkangas district: a renovated apartment on the first floor of a lift-equipped building (not at street level).

Shares nos. 80–155 in Asunto Oy Oulun Sairaalanrinteen Lääkäri (Business ID 3012024-9), entitling the holder to control the apartment at Sairaalanrinne 4 H A2, 90220 Oulu.

The apartment is sold immediately vacant for the buyer’s own use or as an investment. It has been rented out and has just become vacant following the previous tenant.

The apartment underwent an extensive renovation by an insurance company from October 2023 to January 2024.

The flooring was renewed throughout, and the old vinyl flooring was also removed at the same time (i.e. the indoor air is fresh). The bathroom was also renovated with vinyl surfaces at the same time.

Good location less than 3 km from Oulu city centre. Oulu University Hospital and a 24-hour shop are next door; Kastelli Community Centre is across the road (including a school and day nursery), and the social and health care units of the university of applied sciences and vocational college are approx. 1 km away. The location is also demonstrated by the fact that new-build properties have been constructed in the same courtyard.

Maintenance charge for the apartment: €304/month.

Land rent charge: €288.04/month (the housing company is located on land owned by Ålandsbanken’s land fund).

Cable TV: €0.20/month.

Broadband: €2.00/month.

Water charge: €22/person.

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

The apartment is debt-free and has no outstanding payment arrears.

The housing company was completed in 1974.

District heating.

Property maintenance is provided by a maintenance company.

Property manager: Kiinteistötahkola, Aleksi Lepistö