Paul Kerese tänav 8, Narva

Paul Kerese tn 8 is a 4-story apartment building constructed in 1974, located in Narva linn, comprising 36 apartments. The EHR registry code is 118000162 and cadastral ID is 51101:006:0016. Estiq reports energy class E.

The Estiq AVM model estimate is 454 €/m². The valuation range spans 351–557 €/m². The calculated fair value of a typical 2-room apartment is approximately €22 655.

Based on the 454 €/m² benchmark, a 40 sqm apartment is indicatively valued at €18 160 and a 50 sqm apartment at €22 700. Actual value depends on interior condition, floor, parking, and storage.

1-room: €12 168–€19 314; 2-room: €17 512–€27 797; 3-room: €23 188–€36 806.

The model-based indicative asking price is approximately €477/m² (for the typical 2-room unit, about €23 788), allowing a 3–5% negotiation buffer.

A 2-room apartment in good condition has an estimated market rent of €260–€320 per month, generating an estimated gross yield of 15,1–16,1%.

Buying means a loan payment of about €94 a month, renting €260–€320 — the loan payment is 68% below the rent. That is 7% (loan) and 22% (rent) of the median gross wage (Narva linn, €1,335, Q2 2026, Statistics Estonia). Assumes the typical 2-room flat (49.9 m²) at €22,655 (Estiq estimate), an 80% loan over 25 years at 3.8% and a €4,531 down payment; rent from nearby offers; association and state fees excluded.

Police open data list 265 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 16% 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 €2.94/m² per month in total including utilities; a typical flat paid €143 per month. Association fees excluding utilities were €0.71/m² per month. The association had no loans. For comparison, the median of 49 associations in Kerese linnaosa subdistrict was €3.33/m² per month. From 2021 to 2025 association fees changed by +65% 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.