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-room flat in Sairaalanrinne, Oulu, close to the services of Oulu city centre. This is probably the cheapest home in Oulu, though we naturally hope for keen bidding and a resulting increase in the price! Rental potential, for example, is €1,200–1,500/month when furnished and €900–1,000/month as a shared flat. Relisted due to a non-serious bidder.

On 25 November 2025, the University of Oulu's board decided to build an entirely new university campus in Kontinkangas. The University of Oulu will move in stages from its Linnanmaa premises to a new, unified campus in Kontinkangas. Construction is estimated to begin in 2027. This will significantly increase the property'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 located 1.4 kilometres from this flat.

Together, these two projects will ensure a very high occupancy rate and high rent both during construction and later from student tenants.

Being auctioned is a renovated first-floor flat in a lift-served building in the Kontinkangas district of Oulu (not at street level, however).

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

The flat is sold vacant and immediately available for the buyer's own use or investment. It has been rented out and has just become vacant following the departure of the current tenant.

The flat underwent extensive renovation by the insurance company from October 2023 to January 2024.

All flooring in the flat was replaced, and the old vinyl flooring was also removed at the same time (so the indoor air is fresh). The bathroom was also renovated with new floor and wall coverings during the same works.

Good location just under 3 km from Oulu city centre. Oulu University Hospital and a shop open 24 hours are nearby, Kastelli Multipurpose Centre is across the road (including a school and day-care centre), and the social and health care units of the university of applied sciences and vocational college are approximately 1 km away. The location is also demonstrated by the fact that new developments have been built in the same courtyard.

Maintenance charge for the flat: €304/month.

Ground rent charge: €288.04/month (the housing company is located on a plot owned by Ålandsbanken's ground rent fund).

Cable TV: €0.20/month.

Broadband: €2.00/month.

Water charge: €22/person.

Renovation charge: €76/month for future renovations.

The flat is debt-free and has no outstanding charges.

The housing company was completed in 1974.

District heating.

The property is maintained by a maintenance company.

Property management: Kiinteistötahkola, Aleksi Lepistö