Rüütli tänav 40a, Pärnu

Rüütli tn 40a is a 3-story apartment building constructed in 1938, located in Pärnu linn, comprising 5 apartments. The EHR registry code is 103013894 and cadastral ID is 62510:092:1920. Estiq reports estimated energy class E.

The Estiq AVM model estimate is 3 625 €/m². The valuation range spans 3 089–4 162 €/m². The calculated fair value of a typical 3-room apartment is approximately €254 388.

Based on the 3 625 €/m² benchmark, a 40 sqm apartment is indicatively valued at €145 000 and a 50 sqm apartment at €181 250. Actual value depends on interior condition, floor, parking, and storage.

1-room: €104 740–€141 128; 3-room: €217 332–€292 836.

The model-based indicative asking price is approximately €3 654/m² (for the typical 3-room unit, about €267 107), allowing a 3–5% negotiation buffer.

A 3-room apartment in good condition has an estimated market rent of €490–€600 per month, generating an estimated gross yield of 2,1–3,1%.

Buying means a loan payment of about €1,052 a month, renting €490–€600 — the loan payment is 93% above the rent. That is 68% (loan) and 35% (rent) of the median gross wage (Pärnu linn, €1,551, Q2 2026, Statistics Estonia). Assumes the typical 3-room flat (73.1 m²) at €254,388 (Estiq estimate), an 80% loan over 25 years at 3.8% and a €50,878 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, 22% were in the two best classes and 52% in the two worst (level: high). Estimated road noise at the building is 58 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 €187 per month in total, including utilities. Association fees excluding utilities were €5.06/m² per month. The repair fund held €46 934 at year end. The association had no loans. From 2021 to 2025 association fees changed by +531% in total; the repair fund went from €7 568 (2021) to €46 934 (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.