Rääma tänav 11, Pärnu

Rääma tn 11 is a 3-story apartment building constructed in 2023, located in Pärnu linn, comprising 9 apartments. The EHR registry code is 121363185 and cadastral ID is 62507:005:0003. Estiq reports energy class A.

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 3-room apartment is approximately €123 025.

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.

2-room: €76 059–€102 483; 3-room: €102 089–€137 556; 4-room: €126 880–€170 960.

The model-based indicative asking price is approximately €1 978/m² (for the typical 3-room unit, about €129 176), allowing a 3–5% negotiation buffer.

A 3-room apartment in good condition has an estimated market rent of €830–€1 010 per month, generating an estimated gross yield of 8,5–9,5%.

Buying means a loan payment of about €509 a month, renting €830–€1,010 — the loan payment is 45% below the rent. That is 33% (loan) and 59% (rent) of the median gross wage (Pärnu linn, €1,551, Q2 2026, Statistics Estonia). Assumes the typical 3-room flat (65.3 m²) at €123,025 (Estiq estimate), an 80% loan over 25 years at 3.8% and a €24,605 down payment; rent from nearby offers; association and state fees excluded.

Police open data list 16 recorded incidents in the surrounding ~0.7 km² cell over 24 months (incident level: above average). Air: of the last 12 months' hourly readings, 28% were in the two best classes and 47% 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 €2.77/m² per month in total including utilities; a typical flat paid €176 per month. Association fees excluding utilities were €1.66/m² per month. The association had no loans. For comparison, the median of 74 associations in Rääma linnaosa, Rääma subdistrict was €2.83/m² per month. From 2023 to 2025 association fees changed by +58% 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.