Narva mnt 15, Tallinn

Narva mnt 15 is a 5-story apartment building constructed in 1933, located in Kesklinna linnaosa, comprising 15 apartments. The EHR registry code is 101024904 and cadastral ID is 78401:114:0480. Estiq reports energy class G.

The Estiq AVM model estimate is 580 €/m². The valuation range spans 525–635 €/m². The calculated fair value of a typical 5-room apartment is approximately €62 689.

Based on the 580 €/m² benchmark, a 50 sqm apartment is indicatively valued at €29 000 and a 75 sqm apartment at €43 500. Actual value depends on interior condition, floor, parking, and storage.

1-room: €16 676–€20 177; 2-room: €27 190–€32 898; 3-room: €43 249–€52 329; 4-room: €48 806–€59 053.

The model-based indicative asking price is approximately €642/m² (for the typical 5-room unit, about €65 823), allowing a 3–5% negotiation buffer.

A 5-room apartment in good condition has an estimated market rent of €1 360–€1 660 per month, generating an estimated gross yield of 28,5–18,0%.

Buying means a loan payment of about €259 a month, renting €1,360–€1,660 — the loan payment is 83% below the rent. That is 12% (loan) and 71% (rent) of the median gross wage (Tallinn, €2,126, Q2 2026, Statistics Estonia). Assumes the typical 5-room flat (102.6 m²) at €62,689 (Estiq estimate), an 80% loan over 25 years at 3.8% and a €12,538 down payment; rent from nearby offers; association and state fees excluded.

Police open data list 6 recorded incidents in the surrounding ~0.7 km² cell over 24 months (incident level: few incidents). Air: of the last 12 months' hourly readings, 50% were in the two best classes and 27% in the two worst (level: high). Estimated road noise at the building is 61 dB (Lden). Radon in soil gas: normal (30–50 kBq/m³). These describe the area, not a specific apartment.

According to the apartment association's 2025 annual report, owners paid on average €3.18/m² per month in total including utilities; a typical flat paid €220 per month. Association fees excluding utilities were €1.20/m² per month, of which €0.41/m² to the repair fund. The repair fund held €17 495 at year end. The association had €7 559 of loans outstanding. For comparison, the median of 27 associations in Sadama subdistrict was €3.33/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.