Papiniidu tänav 54, Pärnu

Papiniidu tn 54 is a 3-story apartment building constructed in 2023, located in Pärnu linn, comprising 13 apartments. The EHR registry code is 121359300 and cadastral ID is 62513:178:0003. Estiq reports energy class A.

The Estiq AVM model estimate is 4 111 €/m². The valuation range spans 3 503–4 719 €/m². The calculated fair value of a typical 2-room apartment is approximately €151 285.

Based on the 4 111 €/m² benchmark, a 40 sqm apartment is indicatively valued at €164 440 and a 50 sqm apartment at €205 550. Actual value depends on interior condition, floor, parking, and storage.

2-room: €129 595–€174 619; 3-room: €200 426–€270 057.

The model-based indicative asking price is approximately €4 317/m² (for the typical 2-room unit, about €158 849), allowing a 3–5% negotiation buffer.

A 2-room apartment in good condition has an estimated market rent of €450–€550 per month, generating an estimated gross yield of 3,5–4,5%.

Buying means a loan payment of about €626 a month, renting €450–€550 — the loan payment is 25% above the rent. That is 40% (loan) and 32% (rent) of the median gross wage (Pärnu linn, €1,551, Q2 2026, Statistics Estonia). Assumes the typical 2-room flat (36.8 m²) at €151,285 (Estiq estimate), an 80% loan over 25 years at 3.8% and a €30,257 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, 23% were in the two best classes and 49% 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, a typical flat paid €96 per month in total, including utilities. Association fees excluding utilities were €1.52/m² per month. The association had no loans. 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.