Kangelaste prospekt 16, Narva

Kangelaste prospekt 16 is a 5-story apartment building constructed in 1975, located in Narva, comprising 87 apartments. The EHR registry code is 118000369 and cadastral ID is 51102:001:0054. Estiq reports estimated energy class E.

The Estiq AVM model estimate is 380 €/m². The valuation range spans 294–466 €/m². The calculated fair value of a typical 2-room apartment is approximately €18 354.

Based on the 380 €/m² benchmark, a 40 sqm apartment is indicatively valued at €15 200 and a 50 sqm apartment at €19 000. Actual value depends on interior condition, floor, parking, and storage.

1-room: €8 451–€13 414; 2-room: €13 571–€21 541; 3-room: €16 449–€26 110; 4-room: €21 802–€34 607.

The model-based indicative asking price is approximately €399/m² (for the typical 2-room unit, about €19 272), allowing a 3–5% negotiation buffer.

A 2-room apartment in good condition has an estimated market rent of €240–€290 per month, generating an estimated gross yield of 16,9–17,9%.

Buying means a loan payment of about €76 a month, renting €240–€290 — the loan payment is 71% below the rent. That is 6% (loan) and 20% (rent) of the median gross wage (Narva linn, €1,335, Q2 2026, Statistics Estonia). Assumes the typical 2-room flat (48.3 m²) at €18,354 (Estiq estimate), an 80% loan over 25 years at 3.8% and a €3,671 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, 67% were in the two best classes and 15% 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, owners paid on average €2.94/m² per month in total including utilities; a typical flat paid €130 per month. Association fees excluding utilities were €0.70/m² per month, of which €0.15/m² to the repair fund. The repair fund held €42 590 at year end. The association had no loans. For comparison, the median of 80 associations in Pähklimäe linnaosa subdistrict was €3.20/m² per month. From 2022 to 2025 association fees changed by +0.5% in total; the repair fund went from €52 451 (2022) to €42 590 (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.