Riia mnt 11/2, Pärnu

Riia mnt 11/2 is a 2-story apartment building constructed in 2016, located in Pärnu linn, comprising 4 apartments. The EHR registry code is 120607325 and cadastral ID is 62511:087:0170. Estiq reports estimated energy class B.

The Estiq AVM model estimate is 4 685 €/m². The valuation range spans 3 992–5 378 €/m². The calculated fair value of a typical 2-room apartment is approximately €431 020.

Based on the 4 685 €/m² benchmark, a 50 sqm apartment is indicatively valued at €234 250 and a 75 sqm apartment at €351 375. Actual value depends on interior condition, floor, parking, and storage.

2-room: €367 229–€494 811; 3-room: €353 338–€476 094.

The model-based indicative asking price is approximately €4 919/m² (for the typical 2-room unit, about €452 571), allowing a 3–5% negotiation buffer.

A 2-room apartment in good condition has an estimated market rent of €730–€890 per month, generating an estimated gross yield of 2,0–2,8%.

Buying means a loan payment of about €1,782 a month, renting €730–€890 — the loan payment is 120% above the rent. That is 115% (loan) and 52% (rent) of the median gross wage (Pärnu linn, €1,551, Q2 2026, Statistics Estonia). Assumes the typical 2-room flat (92.0 m²) at €431,020 (Estiq estimate), an 80% loan over 25 years at 3.8% and a €86,204 down payment; rent from nearby offers; association and state fees excluded.

Police open data list 33 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 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.