Two- and three-bedroom apartments in Hämeenlinna with high rental yields for sale
Two- and three-bedroom apartments from the same developer are now for sale, already leased and generating strong rental income. Rental yields of over 12% and a return on equity well over 31%.
Price excluding tax 39,000 – 42,000 €
Cash flow / month 405.93 – 413.34 €
Rental income 11.81 – 12.49 %
Apartment details
| Address | 3 Karhitie |
|---|---|
| Apartment | A 10 and A 12 |
| Type | 2 rooms + kitchen and 3 rooms + kitchen |
| Area | 58–79 sq. m. |
| Rent | 672–776 € |
| Maintenance fee | 266.80 – 363.40 € |
| Status |
Free
|
Fully furnished one- and two-bedroom apartments in a renovated building in Nummi, Hämeenlinna
- Both apartments have long-term tenants
- Location of the apartment close to numerous employers and services
- Basic apartments
- For sale at a competitive price relative to market rates
- The apartments offer a strong rental yield of 11.8–12.49% and positive cash flow
- Return on equity of up to 33.43% and cash flow of €247.90 per month with 70% financing, meaning an out-of-pocket investment of less than €13,000*
*Loan calculated based on a 20-year term and a total interest rate of 3%. The monthly loan payment, including interest, is €158–171 in this calculation. Cash flow is calculated using the formula: rent + maintenance fees – loan payment = €247.93/month
Basic information about the housing company
- Name of the housing company:Asunto Oy Hämeenlinnan Nummi
- Building type:Apartment building
- Year built:1974
- Number of apartments:96
- Floors:6
- Elevator:Yes
- Building material:Concrete
- Roof type:Flat roof
- Roofing material:Felt roofing
- Energy class:F2018
- Energy Performance Certificate:Yes (valid until December 7, 2030)
- Property antenna system:Cable TV
- Lot size:4,806 m²
- Land ownership:Leased
- Property Management:Kanta-Hämeen Kiinteistöala Oy
- Hosting:Oiva Isännöinti Noste Oy
- Zoning status:Local master plan (City of Hämeenlinna)
- Heating:District heating
Renovations carried out in the housing company
- 1995– Roof replaced
- 1998– Renovation: refurbishment and coating of balconies, replacement of windows and balcony doors, additional insulation of the facade, renovation of outbuildings and courtyards, maintenance painting of stairwells, renovation of basement areas and laundry room, replacement of plumbing fixtures, as well as replacement of flow control valves and balancing of the heating system
- 2000– Renovation of the sauna facilities
- 2003– Lukosto was put into production
- 2006– Renovation of apartment kitchens, as well as cleaning and adjustment of ventilation systems
- 2007– Elevator Modernization
- 2011– Condition Survey of Heating, Water, and Sewer Lines
- 2014– Replacement of water and heating pipes between buildings
- 2016– Complete renovation of the ventilation system, chimney sweeping and adjustment work, as well as periodic inspections of the elevators
- 2022– Periodic inspections of elevators
- 2024– Replacement of heat exchangers, safety inspection of the playground, and periodic inspections of elevators
- 2025– Building services inspection (AFRY) and replacement of smoke detectors
Maintenance needs assessment (2025–2029)
- 2025 (November)– Maintenance of toilet seats; installation of water-saving showerheads and flow restrictors (Sijoitusasunnot.com Group Oy will cover the costs; the goal is to achieve at least a 10% reduction in water consumption)
- Window maintenance– Inspection/replacement of opening mechanisms and long-arm closers, as well as replacement of seals
- Ventilation– Duct cleaning and airflow adjustment
- Domestic Water System– Assessment of Renovation Needs and Scheduling Based on Technical Condition
- Roof– Annual inspections and necessary maintenance and repairs
Photos of properties for sale
You can find more photos of the properties in the housing association materials
Floor plans of apartments
Apartment condition points
| Average condition score for the apartment | 3 |
|---|---|
| Average surface area of apartment | 3 |
| Average condition of the kitchen | 3 |
| Average condition of bathrooms | 3 |
| Description | Condition | Impact on re-renting |
| 1 | Broken and requires immediate replacement or repair. | This will likely affect re-renting. |
| 2 | Clear signs of wear, but still usable. | May affect re-renting. |
| 3 | In habitable condition and meets the tenant's needs. | Unlikely to affect re-rental. |
| 4 | Very neat and in good condition. | Unlikely to affect re-rental. |
| 5 | In new condition. | Does not affect re-renting. |
The condition scores for each living space are averages based on detailed condition scores for the different rooms in the apartment. Check out the detailed condition scores for the apartment in the apartment materials!
Location of the destination on the map
Real estate investor's return and loan calculator
Estimated loan amount (monthly)
Cash flow
Return on equity (ROE)
Required equity capital
Hämeenlinna as an investment city
Why invest in Hämeenlinna?
Hämeenlinna is a historic city with a population of approximately 68,000, offering investors a stable and predictable market with an excellent location. Located along the main railway line and Highway 3, the city attracts both students and working professionals, keeping rental demand steady throughout the year.
One of the city’s greatest strengths is its accessibility. Fast connections to Helsinki and Tampere make Hämeenlinna an attractive option for remote workers and commuters alike. From an investor’s perspective, the cost of living is significantly lower than in the capital region, yet rents have remained stable. This makes it easier to achieve good rental yields and positive cash flow compared to more expensive growth centers.
The city is a vibrant student town, and the HAMK campus ensures a steady demand for small apartments. In addition, the diverse economic structure and investments in downtown development bring stability to the market. Tourism, such as Häme Castle and Aulanko, also brings genuine potential to the city for short-term accommodation. Hämeenlinna is indeed a sensible choice for investors who value growth potential combined with moderate risk.
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Aarne Urvas
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