Papiniidu tänav 29, Pärnu

Papiniidu tn 29 is a 5-story apartment building constructed in 1986, located in Pärnu linn, comprising 115 apartments. The EHR registry code is 103015678 and cadastral ID is 62513:174:7840. Estiq reports estimated energy class E.

The Estiq AVM model estimate is 1 585 €/m². The valuation range spans 1 350–1 820 €/m². The calculated fair value of a typical 3-room apartment is approximately €97 560.

Based on the 1 585 €/m² benchmark, a 40 sqm apartment is indicatively valued at €63 400 and a 50 sqm apartment at €79 250. Actual value depends on interior condition, floor, parking, and storage.

1-room: €45 793–€61 702; 2-room: €63 470–€85 520; 3-room: €82 343–€110 951; 4-room: €95 444–€128 604.

The model-based indicative asking price is approximately €1 598/m² (for the typical 3-room unit, about €102 438), allowing a 3–5% negotiation buffer.

A 3-room apartment in good condition has an estimated market rent of €460–€560 per month, generating an estimated gross yield of 5,8–6,8%.

Buying means a loan payment of about €403 a month, renting €460–€560 — the loan payment is 21% below the rent. That is 26% (loan) and 33% (rent) of the median gross wage (Pärnu linn, €1,551, Q2 2026, Statistics Estonia). Assumes the typical 3-room flat (64.1 m²) at €97,560 (Estiq estimate), an 80% loan over 25 years at 3.8% and a €19,512 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, 32% were in the two best classes and 47% 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 €1.69/m² per month in total including utilities; a typical flat paid €101 per month. Association fees excluding utilities were €0.44/m² per month. 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 +3.5% 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.