Kangelaste pr 23, Narva

Kangelaste pr 23 is a 9-story apartment building constructed in 1984, located in Narva linn, comprising 144 apartments. The EHR registry code is 118000466 and cadastral ID is 51104:003:0036. Estiq reports energy class E.

The Estiq AVM model estimate is 540 €/m². The valuation range spans 417–663 €/m². The calculated fair value of a typical 2-room apartment is approximately €26 946.

Based on the 540 €/m² benchmark, a 40 sqm apartment is indicatively valued at €21 600 and a 50 sqm apartment at €27 000. Actual value depends on interior condition, floor, parking, and storage.

2-room: €20 829–€33 063; 3-room: €25 947–€41 186.

The model-based indicative asking price is approximately €567/m² (for the typical 2-room unit, about €28 293), allowing a 3–5% negotiation buffer.

A 2-room apartment in good condition has an estimated market rent of €250–€300 per month, generating an estimated gross yield of 11,7–12,7%.

Buying means a loan payment of about €111 a month, renting €250–€300 — the loan payment is 59% below the rent. That is 8% (loan) and 21% (rent) of the median gross wage (Narva linn, €1,335, Q2 2026, Statistics Estonia). Assumes the typical 2-room flat (49.9 m²) at €26,946 (Estiq estimate), an 80% loan over 25 years at 3.8% and a €5,389 down payment; rent from nearby offers; association and state fees excluded.

Police open data list 226 recorded incidents in the surrounding ~0.7 km² cell over 24 months (incident level: high). Air: of the last 12 months' hourly readings, 70% were in the two best classes and 14% in the two worst (level: elevated). Estimated road noise at the building is 56 dB (Lden). Radon in soil gas: high (100–150 kBq/m³). These describe the area, not a specific apartment.

According to the apartment association's 2025 annual report, a typical flat paid the association €160 per month, plus utilities. Association fees excluding utilities were €2.81/m² per month. The repair fund held €40 197 at year end. The association had no loans. From 2021 to 2025 association fees changed by +226% in total; the repair fund went from €73 050 (2024) to €40 197 (2025). See the association figures.

No. For a mortgage the bank needs a certified valuer's report under EVS 875 — order a valuation.

Median error is 9.5% in Tallinn and 12.1% elsewhere in Estonia; 83% of Tallinn estimates fall within ±20% (blind test, May–September 2026). Atypical properties have larger errors — see the methodology.

Sale prices — notarised apartment sales, Maa- ja Ruumiamet; estimates — the Estiq AVM model; rents — Estiq market database (24 months); wages — Statistics Estonia (PA117); building data — building register (EHR); association costs — housing associations' annual reports; noise and air — national noise maps and air monitoring. Figures refresh with every data load and each states its period and sample — see the methodology.