Õle tänav 40, Tallinn

Õle tn 40 is a 2-story apartment building constructed in 1940, located in Põhja-Tallinna linnaosa, comprising 11 apartments. The EHR registry code is 101024477 and cadastral ID is 78408:803:0110. Estiq reports energy class E.

The Estiq AVM model estimate is 3 200 €/m². The valuation range spans 2 896–3 504 €/m². The calculated fair value of a typical 1-room apartment is approximately €71 232.

Based on the 3 200 €/m² benchmark, a 30 sqm apartment is indicatively valued at €96 000 and a 40 sqm apartment at €128 000. Actual value depends on interior condition, floor, parking, and storage.

1-room: €59 600–€72 112; 2-room: €99 043–€119 837.

The model-based indicative asking price is approximately €3 528/m² (for the typical 1-room unit, about €74 794), allowing a 3–5% negotiation buffer.

A 1-room apartment in good condition has an estimated market rent of €340–€420 per month, generating an estimated gross yield of 5,9–6,9%.

Buying means a loan payment of about €295 a month, renting €340–€420 — the loan payment is 22% below the rent. That is 14% (loan) and 18% (rent) of the median gross wage (Tallinn, €2,126, Q2 2026, Statistics Estonia). Assumes the typical 1-room flat (21.2 m²) at €71,232 (Estiq estimate), an 80% loan over 25 years at 3.8% and a €14,246 down payment; rent from nearby offers; association and state fees excluded.

Police open data list 311 recorded incidents in the surrounding ~0.7 km² cell over 24 months (incident level: high). Air: of the last 12 months' hourly readings, 60% were in the two best classes and 13% in the two worst (level: elevated). Estimated road noise at the building is 53 dB (Lden). These describe the area, not a specific apartment.

According to the apartment association's 2025 annual report, owners paid on average €3.00/m² per month in total including utilities; a typical flat paid €47 per month. Association fees excluding utilities were €0.38/m² per month. The repair fund held €540 at year end. The association had €24 004 of loans outstanding. For comparison, the median of 217 associations in Pelgulinna subdistrict was €2.89/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.