Madara tänav 29, Pärnu

Madara tn 29 is a 2-story apartment building constructed in 2013, located in Pärnu linn, comprising 4 apartments. The EHR registry code is 120545373 and cadastral ID is 62507:061:0031. Estiq reports estimated energy class B.

The Estiq AVM model estimate is 1 962 €/m². The valuation range spans 1 672–2 252 €/m². The calculated fair value of a typical 3-room apartment is approximately €166 357.

Based on the 1 962 €/m² benchmark, a 50 sqm apartment is indicatively valued at €98 100 and a 75 sqm apartment at €147 150. Actual value depends on interior condition, floor, parking, and storage.

3-room: €141 736–€190 978; 4-room: €135 121–€182 064.

The model-based indicative asking price is approximately €1 978/m² (for the typical 3-room unit, about €174 675), allowing a 3–5% negotiation buffer.

A 3-room apartment in good condition has an estimated market rent of €1 010–€1 230 per month, generating an estimated gross yield of 7,6–8,6%.

Buying means a loan payment of about €688 a month, renting €1,010–€1,230 — the loan payment is 39% below the rent. That is 44% (loan) and 72% (rent) of the median gross wage (Pärnu linn, €1,551, Q2 2026, Statistics Estonia). Assumes the typical 3-room flat (88.3 m²) at €166,357 (Estiq estimate), an 80% loan over 25 years at 3.8% and a €33,271 down payment; rent from nearby offers; association and state fees excluded.

Police open data list 311 recorded incidents in the surrounding ~0.7 km² cell over 24 months (incident level: high). Air: of the last 12 months' hourly readings, 32% were in the two best classes and 48% in the two worst (level: high). Estimated road noise at the building is 57 dB (Lden). These describe the area, not a specific apartment.

According to the apartment association's 2025 annual report, owners paid on average €1.50/m² per month in total including utilities; a typical flat paid €131 per month. Association fees excluding utilities were €0.38/m² per month. The association had no loans. For comparison, the median of 74 associations in Rääma linnaosa, Rääma subdistrict was €2.83/m² per month. From 2022 to 2025 association fees changed by +11% 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.