Sauna two-bedroom flat in Leppävaara on freehold land, Espoo

For sale to the highest bidder: an immediately available 51.5 m² one-bedroom flat with a sauna in Leppävaara, Espoo. The housing company owns its plot, its finances are in excellent condition, and the building has a lift. The property is equally suitable for an investor wishing to rent it out and for a renovator looking to increase its value and resell it!

The flat:
A 51.5 m² one-bedroom flat is for sale at Ruutikatu 8 A 19, Leppävaara, Espoo. The flat is on the 4th floor of the lift-equipped Asunto Oy Sävelrinne, and its official room description is 2 rooms + kitchen + sauna. It has a private sauna and balcony.

The flat is in satisfactory condition and available immediately, so the buyer can decide what to do with it. It can be rented out, as there is strong rental demand for one-bedroom flats with saunas in Leppävaara, or renovated and sold to an owner-occupier.

The housing company:
Asunto Oy Sävelrinne is a well-maintained housing company of 72 flats, completed in 1985. The company owns its 5,109 m² plot, so the buyer will not incur ground rent or face the risk of ground-rent increases. The buildings are heated by district heating, and wired broadband and cable TV are included in the maintenance charge. The company has rentable electric parking spaces and garages.

The company’s finances are in excellent condition. The maintenance finances generated a surplus of €37,946 in 2025, and the company’s accumulated total surplus is €75,106. In addition, the company deliberately collects a slightly higher maintenance charge so that a significant proportion of future repairs can be funded from its own funds. No new loan will be taken for the 2026 repairs.

Significant repairs have been carried out in recent years:

• Façade repairs and replacement of the heat exchanger in 2024

• Replacement of windows, balcony doors, basement windows and basement exterior doors in 2023

• Replacement-air vents installed in all flats and replacement of roof fans in 2023

• Balcony refurbishment and modernisation in 2018–2019

• Replacement of lifts in 2012

The building’s water pipes are copper and its drains are plastic. According to the 2018 plumbing condition survey, no extensive replacement needs were expected for the water pipes or drains during the following ten years. The board’s five-year maintenance plan does not include a pipe renovation, but it does include a condition survey of the pipework. In the coming years, the company will carry out a condition survey of the waterproof roof and, if necessary, plan its replacement, replace the locks and conduct an energy-efficiency assessment. Renewal of the courtyard paving and electrification of parking spaces for electric-vehicle charging are planned for 2027.

Espoo:
Espoo is Finland’s second-largest city and one of the country’s fastest-growing. The city has a strong concentration of jobs, higher-education institutions and companies, while demand for rental homes remains consistently strong. Leppävaara is one of Espoo’s largest regional centres, with demand for both rental and owner-occupied homes.

Micro-location:
The flat is in a peaceful location in Leppävaara, near Mäkkylä, while all services are close by. Leppävaara railway station is approximately 800 metres away, with commuter trains reaching central Helsinki in about 15 minutes. Sello shopping centre, with its wide range of services, is approximately 1.4 kilometres away, and Leppävaara health centre is approximately 1.2 kilometres away. The nearest school, Postipuu School, is approximately 600 metres away, while bus and tram stops are very close. Drivers can quickly access Ring Road I and the Turku motorway.

Price and costs:
The flat’s maintenance charge is €260.00/month (€5.05/m²), and the capital charge is €135.20/month (from 1 July 2026). The water charge is €25/person/month. As the plot is company-owned, the charges do not include ground rent. The flat is subject to €10,438.52 in housing-company loan (as at 30 September 2026). At the starting price of €129,000, the property’s debt-free starting price is €139,438.52, or only approximately €2,708/m². The minimum bid increase is €1,000.
For landlords: The area’s rental level is approximately €800–900/month. After all charges, the flat would generate positive cash flow of approximately €405–505/month. If the buyer pays off the loan share, cash flow after the maintenance charge would be €540–640/month.

For flippers: The most recent comparable flat in the same housing company sold for €191,000. Two well-maintained flats in the same company are also currently for sale: 67 m² for €249,000 (approximately €3,716/m²) and 84 m² for €289,000 (approximately €3,440/m²). This property’s debt-free starting price is only approximately €2,708/m², leaving a clear margin for a renovator!

An up-to-date manager’s certificate will be ordered for completion.

Why this property?
✅ Company-owned plot
✅ Strong finances → maintenance finances in surplus, accumulated surplus €75,106
✅ Moderate maintenance charge
✅ Debt-free starting price only approx. €2,708/m² → well-maintained flats in the same company at €3,440–3,716/m² and a comparable sale at €191,000
✅ Strong cash flow when rented out → approx. €405–505/month after all charges
✅ Façade, window, balcony and lift renovations completed in the housing company
✅ Private sauna and lift
✅ Leppävaara: railway station, Sello and services nearby

Bid on this one-bedroom flat with a sauna in Leppävaara, on a company-owned plot with strong finances, and rent it out or renovate and resell it! If you have any questions, please feel free to contact us.