High-yield two-room row house in Rovaniemi below market price
Pre-rented two-room terraced house for sale in Ounasvaara, Rovaniemi, with long-term tenants
Debt-free price €41,000
Selling price 34,333
Cash flow / month 351
Rental income 12.52
Apartment details
| Address | Recamera 29 |
|---|---|
| Apartment | F8 |
| Type | 2h + k |
| Area | 59.5m2 |
| Rent | 651,48 € |
| Maintenance fee | 214,20 € |
| Financial compensation | 86,28 € |
| Debt ratio | 7 567 € |
| Status |
Free
|
High-yield, pre-leased two-room terraced house in Rovaniemi
- High rental yield of 12.52% and cash flow of €351 at the sale price
- Long-term tenants, excellent rentability in the area
- Neat and spacious one-bedroom apartment with balcony
- Return on equity 70% with loans over 35%
- The property is being sold at a competitive price relative to the market*
*Compare two-room apartments for sale in Rovaniemi (Oikotie & Etuovi)
Basic information about the housing company
- Name of housing company:Asunto Oy Rovaniemen Rekimatka 29
- Building type:Row house
- Year of construction:1989
- Year of introduction:1989
- The building has a sauna:Yes
- Building material:Concrete (main building material)
- Roofing material:Felt roofing
- Roof type:Gable roof
- Energy class:No energy certificate required by law
- Air conditioning system:Mechanical extraction
- Plot size:1.22 ha
- Property management:Maintenance company
- Hosting:Tarja Marjavaara, Kairan Isännöinti Oy, tel. +358 40 578 8717
- Zoning information:Local detailed plan (City of Rovaniemi)
- Transport connections:Bus stop
- Heating:District heating
- More information about heating:Water-circulating radiator heating
- Land ownership:Leased
- Landowner:City of Rovaniemi
- Land rent:€7,838/year
- The lease on the plot expires on:December 31, 2047
Upcoming renovations
- Having a fitness assessment done
Repairs and maintenance work performed
- 2021 – Roof replacement (buildings A–H)
- 2018 – Renovation of district heating substation (buildings A–H)
- 2017 – Raising of inspection hatches on the roof
- Apartment-specific water meters replaced annually as needed
Pictures of the apartment
Floor plan of the apartment
Apartment condition points
| Average condition score for the apartment | 2,9 |
|---|---|
| Average surface area of apartment | 2,5 |
| 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
Rovaniemi as an investment destination
Rovaniemi – Santa Claus's hometown and an attractive investment destination
Rovaniemi, the capital of Lapland and the official home town of Santa Claus, has become one of Finland's most interesting residential investment destinations. The city's unique combination of tourist appeal, a growing student population, and stable employment creates an attractive environment for real estate investors.
Why choose Rovaniemi for real estate investment?
- Tourism hub: Millions of tourists each year bring constant demand for short- and long-term rental apartments to the city.
- Popular with students: The University of Lapland and Lapland University of Applied Sciences attract thousands of students, which guarantees steady demand for rental properties.
- Strong economy: Rovaniemi is the economic center of Lapland, offering diverse job opportunities in various fields.
- Development outlook: The city is investing heavily in developing tourism and building new residential areas, which creates positive prospects for an increase in property values.
- Demand for rental apartments: The Finnish Landlords' City Ranking 2024 highlights Rovaniemi as a city where rental apartments sell quickly.
Rovaniemi offers real estate investors the opportunity to benefit from the city's unique appeal and growth potential. The combination of affordable housing and stable rental income, as well as the lively tourist flows that enable short-term rental operations during long tourist seasons, make Rovaniemi an attractive option for both experienced and novice investors.
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Aarne Urvas
Sami Suojala
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