Kangelaste prospekt 47b, Narva

Kangelaste prospekt 47b is a 9-story apartment building constructed in 1990, located in Narva, comprising 72 apartments. The EHR registry code is 118000505 and cadastral ID is 51104:001:0039. Estiq reports estimated energy class E.

The Estiq AVM model estimate is 391 €/m². The valuation range spans 302–480 €/m². The calculated fair value of a typical 2-room apartment is approximately €19 785.

Based on the 391 €/m² benchmark, a 40 sqm apartment is indicatively valued at €15 640 and a 50 sqm apartment at €19 550. Actual value depends on interior condition, floor, parking, and storage.

2-room: €15 263–€24 228; 3-room: €18 900–€30 000.

The model-based indicative asking price is approximately €411/m² (for the typical 2-room unit, about €20 774), allowing a 3–5% negotiation buffer.

A 2-room apartment in good condition has an estimated market rent of €240–€300 per month, generating an estimated gross yield of 15,9–16,9%.

Buying means a loan payment of about €82 a month, renting €240–€300 — the loan payment is 70% 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 (50.6 m²) at €19,785 (Estiq estimate), an 80% loan over 25 years at 3.8% and a €3,957 down payment; rent from nearby offers; association and state fees excluded.

Police open data list 205 recorded incidents in the surrounding ~0.7 km² cell over 24 months (incident level: above average). Air: of the last 12 months' hourly readings, 57% were in the two best classes and 26% in the two worst (level: high). Estimated road noise at the building is 55 dB (Lden). Radon in soil gas: high (50–100 kBq/m³). These describe the area, not a specific apartment.

According to the apartment association's 2025 annual report, owners paid on average €3.26/m² per month in total including utilities; a typical flat paid €187 per month. Association fees excluding utilities were €0.93/m² per month, of which €0.03/m² to the repair fund. The repair fund held €7 138 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 +49% in total; the repair fund went from €0 (2024) to €7 138 (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.