Papiniidu tänav 23, Pärnu

Papiniidu tn 23 is a 5-story apartment building constructed in 1980, located in Pärnu linn, comprising 125 apartments. The EHR registry code is 103015679 and cadastral ID is 62513:172:7670. Estiq reports estimated energy class E.

The Estiq AVM model estimate is 1 588 €/m². The valuation range spans 1 353–1 823 €/m². The calculated fair value of a typical 2-room apartment is approximately €77 018.

Based on the 1 588 €/m² benchmark, a 40 sqm apartment is indicatively valued at €63 520 and a 50 sqm apartment at €79 400. Actual value depends on interior condition, floor, parking, and storage.

1-room: €45 165–€60 856; 2-room: €63 455–€85 500; 3-room: €81 153–€109 347; 4-room: €97 904–€131 917.

The model-based indicative asking price is approximately €1 667/m² (for the typical 2-room unit, about €80 869), allowing a 3–5% negotiation buffer.

A 2-room apartment in good condition has an estimated market rent of €420–€510 per month, generating an estimated gross yield of 6,7–7,7%.

Buying means a loan payment of about €318 a month, renting €420–€510 — the loan payment is 32% below the rent. That is 21% (loan) and 30% (rent) of the median gross wage (Pärnu linn, €1,551, Q2 2026, Statistics Estonia). Assumes the typical 2-room flat (48.5 m²) at €77,018 (Estiq estimate), an 80% loan over 25 years at 3.8% and a €15,404 down payment; rent from nearby offers; association and state fees excluded.

Police open data list 36 recorded incidents in the surrounding ~0.7 km² cell over 24 months (incident level: above average). Air: of the last 12 months' hourly readings, 31% were in the two best classes and 44% in the two worst (level: high). Estimated road noise at the building is 47 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 €2.47/m² per month in total including utilities; a typical flat paid €121 per month. Association fees excluding utilities were €0.94/m² per month, of which €0.52/m² to the repair fund. The repair fund held €139 379 at year end. The association had no loans. For comparison, the median of 70 associations in Kesklinna linnaosa, Mai subdistrict was €2.57/m² per month. From 2022 to 2025 association fees changed by +135% in total; the repair fund went from €84 287 (2022) to €139 379 (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.