Newly rented two-room terraced house for sale in Hämeenlinna

The property offers a return on capital of up to 17.63% and a cash flow of €259.4 with 70% financing.

Debt-free price €114,000

Cash flow / month 702.4

Rental income 7.39

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Information about the apartment

Address Tar Street 1
Apartment G 44
Type 2 bedrooms + kitchen + bathroom
Area 52m2
Rent 900 €
Maintenance fee 197,6 €
Status
Sold

Newish terraced house with a solid rental yield of 7.39%

  • Neat and fairly new two-room apartment with a long-term tenant
  • Located in the peaceful residential area of Viiala
  • There is very strong demand for terraced houses in Hämeenlinna.
  • Excellent rental yield of 7.39% at this location
  • The tenant of the apartment has access to a parking space, which is sold as a separate share for €2,000 (maintenance fee €9.50/month, rent €20/month).
  • Return on equity up to 17.63% and cash flow €259.40/month (calculated with 70% financing, when the company loan is paid off with a bank loan*

*Loan calculated based on a 20-year loan period and a total interest rate of 3%. Equity requirement €34,200 and the loan repayment including interest is €443/month in this calculation. Cash flow is calculated using the formula rent − maintenance charge − loan repayment = €259.4/month.

Hämeenlinnan Salmiakki Housing Company

General information

  • Name of housing company:Asunto Oy Hämeenlinnan Salmiakki
  • Address:Tervapadankatu 1, 13500 Hämeenlinna
  • Land ownership:Leased from the City of Hämeenlinna
  • Land lease agreement expires:2059
  • Heating system:Central heating, pellet boiler (heating included in the maintenance fee)
  • Ventilation:Mechanical supply and exhaust ventilation (LTO)
  • Telecommunications:Fiber optic cable and cable TV
  • Energy class:C
  • Validity period of the energy certificate:June 15, 2026
  • Property maintenance:Kanta-Hämeen Kiinteistöala Oy
  • Hosting:Hosting agency Kotilo / Sami Sinkkonen

Repairs carried out in the housing company

  • 2024 – Oiling of all terraces in the housing association
  • 2023 – Ventilation duct cleaning and adjustment
  • 2023 – Installation of bird spikes
  • 2023 – Emptying rainwater wells and replacing pumps
  • 2023 – Replacement of pumps at the stormwater pumping station

Government report on maintenance needs for 2025–2029

According to the Board's assessment, the following maintenance work may affect the use of the apartment or the costs incurred from it.

Maintenance needs assessment (next 5 years):

  • 2026– Arranging charging facilities for electric and hybrid cars
  • 2026– Renovation and tidying up of outdoor areas
  • 2027– Maintenance painting
  • 2028– Asphalting of the yard
You can find more detailed information and materials about the housing company here.
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Pictures of the apartment

Floor plan of the apartment

52 m

Apartment condition points

Average condition score for the apartment 4,5
Average surface area of apartment 4,5
Average condition of the kitchen 4,5
Average condition of bathrooms 4,5
DescriptionConditionImpact on re-renting
1Broken and requires immediate replacement or repair.This will likely affect re-renting.
2Clear signs of wear, but still usable.May affect re-renting.
3In habitable condition and meets the tenant's needs.Unlikely to affect re-rental.
4Very neat and in good condition.Unlikely to affect re-rental.
5In 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!

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Location of the destination on the map

Hämeenlinna as an investment city

Hämeenlinna – a balanced option in the heart of Southern Finland

Hämeenlinna, a historic city with a population of around 68,000, offers residential investors an attractive combination of location, stability, and reasonable prices. Located along the main railway line and Highway 3, the city attracts students, working people, and families with children—and keeps the rental market vibrant.

Why invest in Hämeenlinna?

Good accessibility and location:Fast connections to Helsinki, Tampere, and Lahti make Hämeenlinna attractive for commuters and remote workers.

Affordable market:Housing prices are significantly lower than in the capital region, but rents remain stable, enabling reasonable rental yields, especially in the city center and areas near train stations.

Student city:HAMK's campus and other educational institutions generate constant demand for small rental apartments, especially in Visamäki and near the city center.

Diverse economic structure:The public sector, industry, and growing service sector ensure employment and bring stability to the rental market.

Developing city center:The revitalized city center and the city strategy's focus on residential comfort are increasing the attractiveness of the area.

Airbnb potential too:Medieval Häme Castle, Aulanko, and events attract tourists – short-term rentals in the city center can generate additional income.

Hämeenlinna is a sensible choice for investors: its location, development, and balanced market make it a viable option for long-term and predictable residential investment.

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