Riia mnt 28, Pärnu

Riia mnt 28 is a 3-story apartment building constructed in 1930, located in Pärnu linn, comprising 7 apartments. The EHR registry code is 103014450 and cadastral ID is 62511:143:0001. Estiq reports estimated energy class E.

The Estiq AVM model estimate is 2 289 €/m². The valuation range spans 1 950–2 628 €/m². The calculated fair value of a typical 1-room apartment is approximately €84 105.

Based on the 2 289 €/m² benchmark, a 40 sqm apartment is indicatively valued at €91 560 and a 50 sqm apartment at €114 450. Actual value depends on interior condition, floor, parking, and storage.

1-room: €72 476–€97 656; 2-room: €96 926–€130 600; 3-room: €123 729–€166 715.

The model-based indicative asking price is approximately €2 523/m² (for the typical 1-room unit, about €88 310), allowing a 3–5% negotiation buffer.

A 1-room apartment in good condition has an estimated market rent of €360–€440 per month, generating an estimated gross yield of 5,2–6,2%.

Buying means a loan payment of about €348 a month, renting €360–€440 — the loan payment is 13% below the rent. That is 22% (loan) and 26% (rent) of the median gross wage (Pärnu linn, €1,551, Q2 2026, Statistics Estonia). Assumes the typical 1-room flat (35.0 m²) at €84,105 (Estiq estimate), an 80% loan over 25 years at 3.8% and a €16,821 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, 21% 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 €2.57/m² per month in total including utilities; a typical flat paid €128 per month. Association fees excluding utilities were €0.70/m² per month. The repair fund held €11 758 at year end. The association had €4 355 of loans outstanding. 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 +13% in total; the repair fund went from €2 995 (2021) to €11 758 (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.