Mihkli tänav 2, Pärnu

Mihkli tn 2 is a 4-story apartment building constructed in 1968, located in Pärnu linn, comprising 35 apartments. The EHR registry code is 103013902 and cadastral ID is 62502:017:1760. Estiq reports energy class C.

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 2-room apartment is approximately €93 784.

Based on the 1 962 €/m² benchmark, a 40 sqm apartment is indicatively valued at €78 480 and a 50 sqm apartment at €98 100. Actual value depends on interior condition, floor, parking, and storage.

1-room: €48 792–€65 744; 2-room: €77 229–€104 060; 3-room: €93 100–€125 444.

The model-based indicative asking price is approximately €2 060/m² (for the typical 2-room unit, about €98 473), allowing a 3–5% negotiation buffer.

A 2-room apartment in good condition has an estimated market rent of €480–€590 per month, generating an estimated gross yield of 6,3–7,3%.

Buying means a loan payment of about €388 a month, renting €480–€590 — the loan payment is 28% below the rent. That is 25% (loan) and 34% (rent) of the median gross wage (Pärnu linn, €1,551, Q2 2026, Statistics Estonia). Assumes the typical 2-room flat (47.8 m²) at €93,784 (Estiq estimate), an 80% loan over 25 years at 3.8% and a €18,757 down payment; rent from nearby offers; association and state fees excluded.

Police open data list 20 recorded incidents in the surrounding ~0.7 km² cell over 24 months (incident level: moderate). Air: of the last 12 months' hourly readings, 28% were in the two best classes and 51% 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 €3.03/m² per month in total including utilities; a typical flat paid €134 per month. Association fees excluding utilities were €1.77/m² per month, of which €1.12/m² to the repair fund. The association had no loans. For comparison, the median of 75 associations in Ülejõe linnaosa, Ülejõe subdistrict was €2.72/m² per month. From 2021 to 2025 association fees changed by +130% in total; the repair fund went from €0 (2021) to €0 (2024). 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.