Riia mnt 11/1, Pärnu

Riia mnt 11/1 is a 3-story apartment building constructed in 2016, located in Pärnu linn, comprising 13 apartments. The EHR registry code is 103016097 and cadastral ID is 62511:087:0170. Estiq reports energy class C.

The Estiq AVM model estimate is 4 392 €/m². The valuation range spans 3 742–5 042 €/m². The calculated fair value of a typical 3-room apartment is approximately €317 043.

Based on the 4 392 €/m² benchmark, a 40 sqm apartment is indicatively valued at €175 680 and a 50 sqm apartment at €219 600. Actual value depends on interior condition, floor, parking, and storage.

1-room: €127 706–€172 074; 2-room: €299 359–€403 361; 3-room: €275 150–€370 742; 4-room: €293 747–€395 801.

The model-based indicative asking price is approximately €4 427/m² (for the typical 3-room unit, about €332 895), allowing a 3–5% negotiation buffer.

A 3-room apartment in good condition has an estimated market rent of €650–€790 per month, generating an estimated gross yield of 2,2–3,2%.

Buying means a loan payment of about €1,311 a month, renting €650–€790 — the loan payment is 82% above the rent. That is 85% (loan) and 46% (rent) of the median gross wage (Pärnu linn, €1,551, Q2 2026, Statistics Estonia). Assumes the typical 3-room flat (75.2 m²) at €317,043 (Estiq estimate), an 80% loan over 25 years at 3.8% and a €63,409 down payment; rent from nearby offers; association and state fees excluded.

Police open data list 414 recorded incidents in the surrounding ~0.7 km² cell over 24 months (incident level: high). Air: of the last 12 months' hourly readings, 23% were in the two best classes and 51% 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 €1.48/m² per month in total including utilities; a typical flat paid €110 per month. Association fees excluding utilities were €0.58/m² per month, of which €0.17/m² to the repair fund. The repair fund held €9 353 at year end. The association had no loans. For comparison, the median of 197 associations in Kesklinna linnaosa, Eeslinna subdistrict was €2.48/m² per month. From 2021 to 2025 association fees changed by −1.1% in total; the repair fund went from €8 814 (2024) to €9 353 (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.