Kreenholmi mnt 23, Narva

Kreenholmi mnt 23 is a 5-story apartment building constructed in 1974, located in Narva linn, comprising 61 apartments. The EHR registry code is 118000372 and cadastral ID is 51105:004:0081. Estiq reports energy class D.

The Estiq AVM model estimate is 448 €/m². The valuation range spans 346–550 €/m². The calculated fair value of a typical 2-room apartment is approximately €21 728.

Based on the 448 €/m² benchmark, a 40 sqm apartment is indicatively valued at €17 920 and a 50 sqm apartment at €22 400. Actual value depends on interior condition, floor, parking, and storage.

1-room: €11 699–€18 569; 2-room: €16 761–€26 605; 3-room: €20 409–€32 395; 4-room: €25 239–€40 063.

The model-based indicative asking price is approximately €470/m² (for the typical 2-room unit, about €22 814), allowing a 3–5% negotiation buffer.

A 2-room apartment in good condition has an estimated market rent of €160–€190 per month, generating an estimated gross yield of 9,1–10,1%.

Buying means a loan payment of about €90 a month, renting €160–€190 — the loan payment is 49% below the rent. That is 7% (loan) and 13% (rent) of the median gross wage (Narva linn, €1,335, Q2 2026, Statistics Estonia). Assumes the typical 2-room flat (48.5 m²) at €21,728 (Estiq estimate), an 80% loan over 25 years at 3.8% and a €4,346 down payment; rent from nearby offers; association and state fees excluded.

Police open data list 85 recorded incidents in the surrounding ~0.7 km² cell over 24 months (incident level: high). Air: of the last 12 months' hourly readings, 74% were in the two best classes and 11% in the two worst (level: elevated). Estimated road noise at the building is 56 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, a typical flat paid the association €174 per month, plus utilities. Association fees excluding utilities were €2.97/m² per month. The association had €96 709 of loans outstanding. From 2021 to 2025 association fees changed by +87% in total. 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.