Narva mnt 111, Tartu

Narva mnt 111 is a 1-story apartment building constructed in 1995, located in Tartu linn, comprising 7 apartments. The EHR registry code is 104032718 and cadastral ID is 79514:009:0035. Estiq reports estimated energy class D.

The Estiq AVM model estimate is 2 593 €/m². The valuation range spans 2 248–2 938 €/m². The calculated fair value of a typical 1-room apartment is approximately €63 991.

Based on the 2 593 €/m² benchmark, a 30 sqm apartment is indicatively valued at €77 790 and a 40 sqm apartment at €103 720. Actual value depends on interior condition, floor, parking, and storage.

1-room: €61 382–€80 214; 2-room: €82 731–€108 114.

The model-based indicative asking price is approximately €2 859/m² (for the typical 1-room unit, about €67 191), allowing a 3–5% negotiation buffer.

A 1-room apartment in good condition has an estimated market rent of €350–€420 per month, generating an estimated gross yield of 6,7–7,7%.

Buying means a loan payment of about €265 a month, renting €350–€420 — the loan payment is 31% below the rent. That is 13% (loan) and 19% (rent) of the median gross wage (Tartu linn, €2,014, Q2 2026, Statistics Estonia). Assumes the typical 1-room flat (23.5 m²) at €63,991 (Estiq estimate), an 80% loan over 25 years at 3.8% and a €12,798 down payment; rent from nearby offers; association and state fees excluded.

Police open data list 1524 recorded incidents in the surrounding ~0.7 km² cell over 24 months (incident level: high). Air: of the last 12 months' hourly readings, 55% were in the two best classes and 22% in the two worst (level: high). Estimated road noise at the building is 55 dB (Lden). These describe the area, not a specific apartment.

According to the apartment association's 2025 annual report, owners paid on average €5.56/m² per month in total including utilities; a typical flat paid €138 per month. Association fees excluding utilities were €4.13/m² per month, of which €2.58/m² to the repair fund. The repair fund held €11 623 at year end. The association had no loans. For comparison, the median of 83 associations in Ülejõe linnaosa, Ülejõe subdistrict was €2.51/m² per month. From 2022 to 2025 association fees changed by +40% in total; the repair fund went from €8 152 (2022) to €11 623 (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.