Attractive New Build Residential Project In Norway – A Solid Investment With Long Term Rental Income

Ideal for Investors – Long-Term Leased, Professionally Managed

Welcome to a modern residential development in a prime central location at Storgata 24 in Notodden, Telemark, Norway. The project is designed for both short-term tourist rentals and stable long-term tenancy. These apartments are tailored to investors who want to invest in Norway in a secure, predictable way – without operational involvement. No seasonal volatility, no day-to-day management, and above all, no rent cap regulations. Instead, a clear and sustainable rental strategy in an economically stable location with additional usage potential.

Notodden combines high quality of life, attractive natural surroundings, and a solid economic structure. The city is part of a UNESCO World Heritage region and is well established as both a residential and visitor destination. The region offers well-paid industrial jobs, particularly in the defence and technology sectors, ensuring consistently strong demand for quality housing. The central city location, within walking distance of shopping, restaurants, bus and train connections, further enhances rental appeal. Oslo is easily accessible for day trips, as are Torp and Gardermoen airports.

The project comprises modern apartments with functional layouts and excellent rental potential. The units are designed for long-term tenants while also offering the structural flexibility for alternative usage concepts.

Property Description
The apartments meet modern standards and impress with clean, efficient layouts. Bright living areas, durable materials, and everyday practicality are key features – essential for stable, long-term tenancies in a sought-after employment and residential location such as Notodden.

These units are ideal for investors who wish to allocate capital to Norway without actively managing rentals or operations. Long-term leasing provides stability, predictability, and low complexity.

Features and Layout
- Modern, well-designed apartments
- 1 to 3 rooms, ranging from 31 to 88 m²
- Open-plan living and dining areas
- High-quality bathrooms
- Low-maintenance materials
- Solid technical standards
- Good energy efficiency
- Elevator from underground parking to rooftop terrace
- Universally designed and largely barrier-free
- Parking spaces in the garage optional (NOK 400,000 per space)

Key Highlights
- Central location in the heart of Notodden
- UNESCO World Heritage region
- Excellent transport connections
- Proximity to industrial and defence-sector employers
- Attractive nature and leisure opportunities
- Close to Gaustatoppen, Rjukan, and Kongsberg Ski Center
- Shared rooftop terrace as a communal meeting space
- Low administrative effort
- Sustainably strong rental demand
- Suitable for both short-term tourist rentals and long-term leases
- Long-term investment horizon

Overview of Available Units
No. Floor Size Bedrooms Purchase Price
201 2 46 m² 1 3,998,590 NOK
202 2 34 m² 0 2,973,590 NOK
203 2 35 m² 1 3,076,090 NOK
204 2 58 m² 2 5,023,590 NOK
205 2 36 m² 1 3,281,090 NOK
206 2 87 m² 2 7,483,590 NOK
207 2 77 m² 2 7,073,590 NOK
301 3 49 m² 1 4,408,590 NOK
302 3 34 m² 0 3,178,590 NOK
303 3 34 m² 1 3,281,090 NOK
304 3 58 m² 2 5,433,590 NOK
306 3 87 m² 2 7,688,590 NOK
307 3 76 m² 2 7,381,090 NOK
401 4 34 m² 0 3,383,590 NOK
402 4 31 m² 0 3,281,090 NOK
403 4 32 m² 0 3,281,090 NOK
404 4 75 m² 2 7,791,090 NOK
405 4 88 m² 2 7,688,590 NOK
406 4 83 m² 2 7,483,590 NOK

Location
Notodden is considered one of the stable markets in Telemark and offers an attractive environment of lakes, forests, and mountains. Hiking trails, swimming areas, sauna facilities, and both winter and summer sports opportunities are all within close reach. The combination of nature, infrastructure, and employment opportunities makes this a highly investor-friendly location.

Why This Property?
These apartments represent solid investment assets in a strong location. Investors seeking to avoid operational risk and ongoing management complexity will find a predictable and long-term solution here. The location, economic environment, and rental concept together provide stability and sustainable value.

With Busse&Børkland, you invest in Norwegian real estate in a structured and professional manner. We support you from acquisition to handover into rental – transparently, efficiently, and with extensive experience in the German–Norwegian market.

Request full documentation now or inquire about comparable investment opportunities.