ALREADY LET TERRACED HOUSE FOR INVESTMENT OR OWN USE, Helsinki

BRIGHT FAMILY HOME CLOSE TO EXCELLENT TRANSPORT LINKS AND SERVICES

This home combines a functional modern layout with light Scandinavian materials. The ground floor has a separate kitchen with ample worktop and cupboard space. Stylish stainless-steel appliances are energy efficient. The dining area and living room form a spacious whole. A superb pellet stove creates atmosphere in the living room, where you can enjoy warm evenings with family or friends. The three bedrooms are upstairs, along with a spacious bathroom and a sauna, also heated with pellets. The property is completed by two balconies, one on each floor. Storage is available in both the cold outdoor store and the warm wire-mesh storage room in the company’s basement.

Asunto Oy Helsingin Muinaisrannantie 3 is ahead of the rest in both energy efficiency and a new approach to comfort. The home has high-quality, energy-saving appliances. You can also monitor your own water and electricity consumption directly from the apartment-specific display panel. The wonderful outdoor trails of Kivikko start right outside the door, offering opportunities for jogging and mountain biking, for example. The comprehensive services of Viikki, Myllypuro and Kontula are close by, and transport links are excellent whether you travel by bicycle, public transport or car.

WE ONLY HOLD PRIVATE VIEWINGS FOR THIS PROPERTY. CALL 045 885 4900 TO BOOK YOURS

Vacant: The property is let under a fixed-term tenancy agreement until 31 August 2027, after which the agreement continues until further notice. The property is sold with the tenancy in place.

HOUSING COMPANY LOAN SHARE AND MAINTENANCE CHARGE ARREARS:

• Housing company loan allocated to the apartment: €152,698.17 as at 31 October 2026. The apartment’s loan share comprises the construction-period loan POV2 (ending 31 December 2038). Reference rate: 12-month Euribor + 0.75% margin.

• Repayment of the housing company loan: Shareholder repayments may be made at any time; the due dates for the June and December instalments are approximately 18 June and 18 December. The bank may charge fees for an extra repayment. Repayable portions are 25%, 50%, 75% or 100% of the original debtor units.

• Maintenance charge arrears for the apartment: The housing company has taken possession of the apartment due to maintenance charge arrears. Total arrears are €18,364.94 as at 31 October 2026 and are not included in the sale price. The buyer assumes responsibility for the arrears. The receivables must be paid in full to the housing company if the new shareholder wishes to take possession of the apartment.

MAINTENANCE CHARGES, OTHER FEES AND RENTAL INCOME:

CHARGES:

• Maintenance charge: €700/month

• Capital charge: €1,440/month, of which approximately €390/month is interest and approximately €1,050/month is repayment. The capital charge is recognised as income in the housing company’s accounts!

• Broadband charge: €3/month

• Water advance: €25/month/person (reconciled according to consumption)

Further information on charges: The board is authorised to charge or not charge 1–3 additional maintenance charges if the company’s financial position so requires or permits.

CONSUMPTION-BASED FEES:

• Parking space: Rented space €80/month.

  • It is also possible to purchase, together with the apartment, the shares conferring the right to control parking space AP28 for €6,500 (parking charge €8/month).

• Laundry room fee: €15/month (if the laundry room is used). Includes two two-hour sessions per week.

• Club room: €20/day (if the club room is used)

RENTAL INCOME:

The housing company has taken possession of the apartment and let it out.

• Rental income: Current rent is €1,692/month

• Water charge: Water advance €25/person/month

• Cash flow: Current rental cash flow is approximately €451/month negative. After taking the housing company loan repayment (approximately €1,050/month) into account, the overall effect is €649/month positive. If the housing company loan is paid off immediately, cash flow before tax is €989/month positive. As the capital charge is recognised as income, it may benefit the shareholder to leave the

Investor-friendly: When the capital charge is recognised as income, the investor may deduct the capital charges paid in full from their capital income for the relevant year.

OTHER INFORMATION:

• Location: Muinaisrannantie 3, 00940 Helsinki | Kivikko

• Form of ownership: Owner-occupied apartment

• Room description: 4 rooms + kitchen + bathroom + WC + sauna + balcony + terrace balcony.

• Living area: 100 m²

• Basis of area: According to the articles of association and the manager’s certificate

• Floors: 1–2 (two-storey apartment)

• Condition: Satisfactory

• Views: Through-apartment with leafy views over the surrounding residential area.

ROOMS AND MATERIALS:

• Kitchen: Stylish and spacious. Plenty of cupboards and worktop space (laminate worktops, tiled splashback). Equipped with an induction hob, extractor hood, fridge-freezer and dishwasher. Parquet flooring.

• Living room: Bright and large room with access to the ground-floor balcony. Features a superb pellet stove. Painted walls and parquet flooring.

• Bedrooms: Three bedrooms upstairs. The largest has access to the upper-floor balcony. Painted walls and parquet flooring.

• Bathroom: Spacious, tiled bathroom upstairs. Equipped with a shower, shower screen, WC, hand shower, washbasin, vanity and mirror cabinets, and washing machine connection. Hydronic underfloor heating throughout the apartment.

• Sauna: A rare wood-heated sauna in Helsinki, adjoining the bathroom! Heated with pellets (available from the housing company’s store). Sauna stove, window and glass door. Tiled floor; walls partly panelled and partly tiled.

• Separate WC: On the ground floor. Tiled floor; walls partly tiled and partly painted. WC, washbasin, vanity and mirror cabinet.

• Balconies: Two projecting north-facing balconies, one on each floor.

• Surface materials: Parquet in living areas and ceramic tiles in wet rooms. Ceilings in living areas mainly spray-rendered; other ceilings panelled.

• Heating system: District heating (hydronic underfloor heating).

• Water supply and drainage: Municipal.

• Telecommunications: Broadband included in the apartment.

HOUSING COMPANY:

• Name: Asunto Oy Helsingin Muinaisrannantie 3

• Construction years: 2014–2015

• Plot: Leasehold plot, leased from the City of Helsinki. Agreement valid until 31 December 2075.

• Energy rating: B (2018)

• Building and roof materials: Concrete and brick. Mono-pitched roof, sheet-metal covering.

• Facilities: Lift, housing company sauna, pellet store, drying rooms, apartment-specific storage units, club room, outdoor equipment store, civil defence shelter and pram stores. 35 parking spaces with electrical sockets.

• Loans and mortgages: Company loans: €2,993,604.61 as at 31 October 2026. Company mortgages: €10,797,622.70.

• Property manager: Kalle Valjento | Reilu Isännöinti Oy | 010 292 1990

RENOVATIONS:

Completed works:

Developer’s one-year repairs 2014–2017, change to the sauna heating system 2019–2020, renovation of the wastewater pumping station and replacement of pumps 2020–2026, ten-year property inspection 2024, replacement of smoke alarms and courtyard lights 2025. Several regular maintenance and inspection measures.

Planned works (2026–2030):

Inspection and maintenance of the manifolds for apartment-specific underfloor heating systems (2026), needs assessment and adjustment of ventilation duct cleaning (2026–2027), planning of HVAC repair needs related to ten-year inspections (2026–2028). Normal annual maintenance also planned.

Other:

The housing company has complained to the developer (TA-Kodit Oy) about defects found during the ten-year inspection, referring to the developer’s liability. The complaint is still being processed.

SERVICES AND TRANSPORT LINKS:

• Services: Basic services are within walking distance. The services of Myllypuro, Kontula, Viikki and Itäkeskus are nearby. The surrounding area offers a wide range of leisure activities, from a ski tunnel and disc golf course to a swimming pool.

• Transport links: A bus stop is nearby. Smooth travel by car and good cycle paths provide easy access throughout the Helsinki metropolitan area.