Paekaare tänav 8, Tallinn

Paekaare tn 8 is a 5-story apartment building constructed in 1979, located in Lasnamäe linnaosa, comprising 60 apartments. The EHR registry code is 101019637 and cadastral ID is 78403:312:0023. Estiq reports estimated energy class E.

The Estiq AVM model estimate is 2 311 €/m². The valuation range spans 2 135–2 487 €/m². The calculated fair value of a typical 2-room apartment is approximately €118 057.

Based on the 2 311 €/m² benchmark, a 40 sqm apartment is indicatively valued at €92 440 and a 50 sqm apartment at €115 550. Actual value depends on interior condition, floor, parking, and storage.

1-room: €84 239–€98 096; 2-room: €105 754–€123 151; 3-room: €126 696–€147 538; 4-room: €129 629–€150 953.

The model-based indicative asking price is approximately €2 366/m² (for the typical 2-room unit, about €123 960), allowing a 3–5% negotiation buffer.

A 2-room apartment in good condition has an estimated market rent of €530–€650 per month, generating an estimated gross yield of 5,5–6,5%.

Buying means a loan payment of about €488 a month, renting €530–€650 — the loan payment is 17% below the rent. That is 23% (loan) and 28% (rent) of the median gross wage (Tallinn, €2,126, Q2 2026, Statistics Estonia). Assumes the typical 2-room flat (52.4 m²) at €118,057 (Estiq estimate), an 80% loan over 25 years at 3.8% and a €23,611 down payment; rent from nearby offers; association and state fees excluded.

Police open data list 367 recorded incidents in the surrounding ~0.7 km² cell over 24 months (incident level: high). Air: of the last 12 months' hourly readings, 61% were in the two best classes and 9% in the two worst (level: elevated). 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 €2.56/m² per month in total including utilities; a typical flat paid €128 per month. Association fees excluding utilities were €0.63/m² per month, of which €0.02/m² to the repair fund. The association had no loans. For comparison, the median of 59 associations in Pae subdistrict was €2.62/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.