Pärnu mnt 123a, Tallinn

Pärnu mnt 123a is a 4-story apartment building constructed in 1960, located in Kesklinna linnaosa, comprising 44 apartments. The EHR registry code is 101020352 and cadastral ID is 78401:118:0002. Estiq reports energy class B.

The Estiq AVM model estimate is 3 019 €/m². The valuation range spans 2 732–3 306 €/m². The calculated fair value of a typical 1-room apartment is approximately €108 655.

Based on the 3 019 €/m² benchmark, a 30 sqm apartment is indicatively valued at €90 570 and a 40 sqm apartment at €120 760. Actual value depends on interior condition, floor, parking, and storage.

1-room: €98 333–€118 977; 2-room: €117 424–€142 076.

The model-based indicative asking price is approximately €3 680/m² (for the typical 1-room unit, about €114 088), allowing a 3–5% negotiation buffer.

A 1-room apartment in good condition has an estimated market rent of €490–€590 per month, generating an estimated gross yield of 5,5–6,5%.

Buying means a loan payment of about €449 a month, renting €490–€590 — the loan payment is 17% below the rent. That is 21% (loan) and 25% (rent) of the median gross wage (Tallinn, €2,126, Q2 2026, Statistics Estonia). Assumes the typical 1-room flat (31.0 m²) at €108,655 (Estiq estimate), an 80% loan over 25 years at 3.8% and a €21,731 down payment; rent from nearby offers; association and state fees excluded.

Police open data list 91 recorded incidents in the surrounding ~0.7 km² cell over 24 months (incident level: above average). Air: of the last 12 months' hourly readings, 51% were in the two best classes and 19% in the two worst (level: elevated). Estimated road noise at the building is 57 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 €5.35/m² per month in total including utilities; a typical flat paid €166 per month. Association fees excluding utilities were €2.26/m² per month, of which €1.29/m² to the repair fund. The repair fund held €29 572 at year end. The association had no loans. For comparison, the median of 57 associations in Kitseküla subdistrict was €3.36/m² per month. From 2021 to 2025 association fees changed by +53% in total; the repair fund went from €11 849 (2021) to €29 572 (2025). 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.