V. Gerassimovi tänav 10, Narva

V. Gerassimovi tn 10 is a 5-story apartment building constructed in 1967, located in Narva, comprising 90 apartments. The EHR registry code is 118000275 and cadastral ID is 51105:004:0020. Estiq reports estimated energy class E.

The Estiq AVM model estimate is 559 €/m². The valuation range spans 432–686 €/m². The calculated fair value of a typical 2-room apartment is approximately €26 608.

Based on the 559 €/m² benchmark, a 40 sqm apartment is indicatively valued at €22 360 and a 50 sqm apartment at €27 950. Actual value depends on interior condition, floor, parking, and storage.

1-room: €12 705–€20 167; 2-room: €19 488–€30 934; 3-room: €23 951–€38 018.

The model-based indicative asking price is approximately €587/m² (for the typical 2-room unit, about €27 938), allowing a 3–5% negotiation buffer.

A 2-room apartment in good condition has an estimated market rent of €230–€290 per month, generating an estimated gross yield of 11,2–12,2%.

Buying means a loan payment of about €110 a month, renting €230–€290 — the loan payment is 58% below the rent. That is 8% (loan) and 19% (rent) of the median gross wage (Narva linn, €1,335, Q2 2026, Statistics Estonia). Assumes the typical 2-room flat (47.6 m²) at €26,608 (Estiq estimate), an 80% loan over 25 years at 3.8% and a €5,322 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, 79% were in the two best classes and 7% in the two worst (level: moderate). 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 €3.24/m² per month in total including utilities; a typical flat paid €146 per month. Association fees excluding utilities were €2.21/m² per month, of which €1.54/m² to the repair fund. The association had no loans. 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 +202% in total; the repair fund went from €0 (2021) to €0 (2023). 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.