Õle tänav 16, Tallinn

Õle tn 16 is a 2-story apartment building constructed in 1901, located in Põhja-Tallinna linnaosa, comprising 9 apartments. The EHR registry code is 101012869 and cadastral ID is 78408:803:7720. Estiq reports estimated energy class E.

The Estiq AVM model estimate is 3 028 €/m². The valuation range spans 2 740–3 316 €/m². The calculated fair value of a typical 1-room apartment is approximately €83 851.

Based on the 3 028 €/m² benchmark, a 30 sqm apartment is indicatively valued at €90 840 and a 40 sqm apartment at €121 120. Actual value depends on interior condition, floor, parking, and storage.

1-room: €71 402–€86 393; 2-room: €123 203–€149 069.

The model-based indicative asking price is approximately €3 715/m² (for the typical 1-room unit, about €88 044), allowing a 3–5% negotiation buffer.

A 1-room apartment in good condition has an estimated market rent of €350–€430 per month, generating an estimated gross yield of 5,1–6,1%.

Buying means a loan payment of about €347 a month, renting €350–€430 — the loan payment is 11% below the rent. That is 16% (loan) and 18% (rent) of the median gross wage (Tallinn, €2,126, Q2 2026, Statistics Estonia). Assumes the typical 1-room flat (23.7 m²) at €83,851 (Estiq estimate), an 80% loan over 25 years at 3.8% and a €16,770 down payment; rent from nearby offers; association and state fees excluded.

Police open data list 32 recorded incidents in the surrounding ~0.7 km² cell over 24 months (incident level: above average). Air: of the last 12 months' hourly readings, 56% were in the two best classes and 15% in the two worst (level: elevated). Estimated road noise at the building is 53 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 2024 annual report, owners paid on average €3.65/m² per month in total including utilities; a typical flat paid €71 per month. Association fees excluding utilities were €2.09/m² per month. The association had no loans. For comparison, the median of 227 associations in Pelgulinna subdistrict was €2.77/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.