Tallinna mnt 23, Narva

Tallinna mnt 23 is a 5-story apartment building constructed in 1964, located in Narva linn, comprising 78 apartments. The EHR registry code is 118000211 and cadastral ID is 51101:004:0009. Estiq reports energy class F.

The Estiq AVM model estimate is 493 €/m². The valuation range spans 381–605 €/m². The calculated fair value of a typical 2-room apartment is approximately €19 375.

Based on the 493 €/m² benchmark, a 40 sqm apartment is indicatively valued at €19 720 and a 50 sqm apartment at €24 650. Actual value depends on interior condition, floor, parking, and storage.

2-room: €15 053–€23 894; 3-room: €17 514–€27 800.

The model-based indicative asking price is approximately €518/m² (for the typical 2-room unit, about €20 344), allowing a 3–5% negotiation buffer.

A 2-room apartment in good condition has an estimated market rent of €220–€270 per month, generating an estimated gross yield of 14,8–15,8%.

Buying means a loan payment of about €80 a month, renting €220–€270 — the loan payment is 67% below the rent. That is 6% (loan) and 18% (rent) of the median gross wage (Narva linn, €1,335, Q2 2026, Statistics Estonia). Assumes the typical 2-room flat (39.3 m²) at €19,375 (Estiq estimate), an 80% loan over 25 years at 3.8% and a €3,875 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, 64% were in the two best classes and 17% 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, a typical flat paid the association €114 per month, plus utilities. Association fees excluding utilities were €2.86/m² per month. The repair fund held €0 at year end. The association had no loans. From 2021 to 2025 association fees changed by +481% in total; the repair fund went from €394 (2021) to €0 (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.