Kreenholmi mnt 29, Narva

Kreenholmi mnt 29 is a 9-story apartment building constructed in 1970, located in Narva linn, comprising 45 apartments. The EHR registry code is 118000311 and cadastral ID is 51105:004:0084. Estiq reports energy class E.

The Estiq AVM model estimate is 461 €/m². The valuation range spans 356–566 €/m². The calculated fair value of a typical 1-room apartment is approximately €15 246.

Based on the 461 €/m² benchmark, a 40 sqm apartment is indicatively valued at €18 440 and a 50 sqm apartment at €23 050. Actual value depends on interior condition, floor, parking, and storage.

1-room: €11 785–€18 707; 2-room: €18 388–€29 187; 3-room: €20 615–€32 722.

The model-based indicative asking price is approximately €508/m² (for the typical 1-room unit, about €16 008), allowing a 3–5% negotiation buffer.

A 1-room apartment in good condition has an estimated market rent of €150–€180 per month, generating an estimated gross yield of 12,3–13,3%.

Buying means a loan payment of about €63 a month, renting €150–€180 — the loan payment is 62% below the rent. That is 5% (loan) and 12% (rent) of the median gross wage (Narva linn, €1,335, Q2 2026, Statistics Estonia). Assumes the typical 1-room flat (31.5 m²) at €15,246 (Estiq estimate), an 80% loan over 25 years at 3.8% and a €3,049 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, 72% were in the two best classes and 12% 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, owners paid on average €3.68/m² per month in total including utilities; a typical flat paid €167 per month. Association fees excluding utilities were €1.02/m² per month. The association had €36 412 of loans outstanding. For comparison, the median of 80 associations in Kreenholmi linnaosa subdistrict was €3.37/m² per month. From 2021 to 2025 association fees changed by +29% 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.