Vana-Kalamaja tänav 40, Tallinn

Vana-Kalamaja tn 40 is a 3-story apartment building constructed in 1885, located in Põhja-Tallinna linnaosa, comprising 5 apartments. The EHR registry code is 101043611 and cadastral ID is 78408:801:5290. Estiq reports energy class C.

The Estiq AVM model estimate is 3 930 €/m². The valuation range spans 3 557–4 303 €/m². The calculated fair value of a typical 3-room apartment is approximately €212 613.

Based on the 3 930 €/m² benchmark, a 40 sqm apartment is indicatively valued at €157 200 and a 50 sqm apartment at €196 500. Actual value depends on interior condition, floor, parking, and storage.

1-room: €105 662–€127 845; 3-room: €199 172–€240 988; 4-room: €245 556–€297 109.

The model-based indicative asking price is approximately €4 127/m² (for the typical 3-room unit, about €223 244), allowing a 3–5% negotiation buffer.

A 3-room apartment in good condition has an estimated market rent of €640–€780 per month, generating an estimated gross yield of 3,5–4,5%.

Buying means a loan payment of about €879 a month, renting €640–€780 — the loan payment is 24% above the rent. That is 41% (loan) and 33% (rent) of the median gross wage (Tallinn, €2,126, Q2 2026, Statistics Estonia). Assumes the typical 3-room flat (54.1 m²) at €212,613 (Estiq estimate), an 80% loan over 25 years at 3.8% and a €42,523 down payment; rent from nearby offers; association and state fees excluded.

Police open data list 210 recorded incidents in the surrounding ~0.7 km² cell over 24 months (incident level: high). Air: of the last 12 months' hourly readings, 80% were in the two best classes and 3% in the two worst (level: moderate). Estimated road noise at the building is 55 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 €1.72/m² per month in total including utilities; a typical flat paid €85 per month. Association fees excluding utilities were €0.73/m² per month, of which €0.38/m² to the repair fund. The repair fund held €1 616 at year end. The association had no loans. For comparison, the median of 184 associations in Kalamaja subdistrict was €2.96/m² per month. From 2021 to 2025 association fees changed by −59% in total; the repair fund went from €708 (2021) to €1 616 (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.