Luise tänav 40, Tallinn

Luise tn 40 is a 5-story apartment building constructed in 2001, located in Kesklinna linnaosa, comprising 36 apartments. The EHR registry code is 120220010 and cadastral ID is 78401:108:0680. Estiq reports energy class E.

The Estiq AVM model estimate is 3 462 €/m². The valuation range spans 3 133–3 791 €/m². The calculated fair value of a typical 2-room apartment is approximately €209 394.

Based on the 3 462 €/m² benchmark, a 40 sqm apartment is indicatively valued at €138 480 and a 50 sqm apartment at €173 100. Actual value depends on interior condition, floor, parking, and storage.

1-room: €146 401–€177 137; 2-room: €190 405–€230 380; 3-room: €239 513–€289 798.

The model-based indicative asking price is approximately €3 495/m² (for the typical 2-room unit, about €219 864), allowing a 3–5% negotiation buffer.

A 2-room apartment in good condition has an estimated market rent of €700–€850 per month, generating an estimated gross yield of 3,9–4,9%.

Buying means a loan payment of about €866 a month, renting €700–€850 — the loan payment is 12% above the rent. That is 41% (loan) and 36% (rent) of the median gross wage (Tallinn, €2,126, Q2 2026, Statistics Estonia). Assumes the typical 2-room flat (62.9 m²) at €209,394 (Estiq estimate), an 80% loan over 25 years at 3.8% and a €41,879 down payment; rent from nearby offers; association and state fees excluded.

Police open data list 717 recorded incidents in the surrounding ~0.7 km² cell over 24 months (incident level: high). Air: of the last 12 months' hourly readings, 17% were in the two best classes and 32% in the two worst (level: high). Estimated road noise at the building is 50 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 €3.63/m² per month in total including utilities; a typical flat paid €204 per month. Association fees excluding utilities were €1.64/m² per month, of which €0.90/m² to the repair fund. The repair fund held €8 370 at year end. The association had no loans. For comparison, the median of 70 associations in Kassisaba subdistrict was €3.09/m² per month. 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.