Oja tänav 118, Pärnu

Oja tn 118 is a 6-story apartment building constructed in 2020, located in Pärnu linn, comprising 59 apartments. The EHR registry code is 120313704 and cadastral ID is 62506:055:2850. 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 €82 993.

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: €54 058–€72 838; 2-room: €70 877–€95 501; 3-room: €94 384–€127 175; 4-room: €121 593–€163 837.

The model-based indicative asking price is approximately €2 060/m² (for the typical 2-room unit, about €87 143), allowing a 3–5% negotiation buffer.

A 2-room apartment in good condition has an estimated market rent of €390–€470 per month, generating an estimated gross yield of 5,7–6,7%.

Buying means a loan payment of about €343 a month, renting €390–€470 — the loan payment is 20% below the rent. That is 22% (loan) and 28% (rent) of the median gross wage (Pärnu linn, €1,551, Q2 2026, Statistics Estonia). Assumes the typical 2-room flat (42.3 m²) at €82,993 (Estiq estimate), an 80% loan over 25 years at 3.8% and a €16,599 down payment; rent from nearby offers; association and state fees excluded.

Police open data list 13 recorded incidents in the surrounding ~0.7 km² cell over 24 months (incident level: moderate). Air: of the last 12 months' hourly readings, 38% were in the two best classes and 34% in the two worst (level: high). Estimated road noise at the building is 57 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 €2.85/m² per month in total including utilities; a typical flat paid €122 per month. Association fees excluding utilities were €0.71/m² per month, of which €0.50/m² to the repair fund. The repair fund held €9 219 at year end. 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 +1.7% in total; the repair fund went from €3 536 (2022) to €9 219 (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.