For sale, a cozy home with high ceilings that has undergone renovation in Kalamaja.

NB! VALID APPRAISAL REPORT AVAILABLE 150 000 EUR!

APARTMENT
This beautiful 43 m² home has recently undergone a thorough renovation. The apartment is located on the ground floor of a 3-storey building and thanks to well-thought-out planning, all the comforts needed for living are conveniently available here.

The heart of this home is a spacious living room combined with a kitchen, which is furnished practically and tastefully. What makes the kitchen special is a kitchen island, which provides additional space both for food preparation and for everyday dining. The kitchen has all necessary kitchen furniture and appliances, and the spatial solution allows for comfortable cooking and entertaining guests.

This home also features a bedroom area with glass sliding doors, which gives the apartment essentially a two-room functionality. Thanks to a large wardrobe right next to the apartment entrance, there is plenty of storage space in this home, as the bedroom also has built-in spacious wardrobe cabinets.

The bathroom has also undergone renovation - wall tiles have been repainted, new furniture and lighting have been installed.

The comfortable indoor climate of the apartment is ensured by water floor heating, which can be regulated on a room-by-room basis. Good air exchange in the rooms and healthy indoor air are taken care of by a room-based heat recovery ventilation system.

A major advantage of this apartment is the fact that its entrance is from the street and the stairwell is shared with only one neighbour, which is a beauty salon. Thus, it is both a pleasant and quiet living environment as a home as well as an excellent opportunity in this highly valued area to offer short-term rental.

NB! This is a guest apartment or non-residential space. Many Estonian banks today finance the purchase of guest apartments with a regular home loan, and financing terms can be comparable to the purchase of residential space. Exact terms depend on the bank and the buyer's financial profile. Be sure to ask for more information!

APARTMENT BUILDING
This B-energy class building was built by Estonia's most prestigious developer Merko in 2015 and is in good condition. The building has a functioning condominium association and the stairwell is locked and secure. Between the two buildings there is a common green courtyard area, where residents have a pleasant rest corner with a pergola and a children's playground. Neighbours are quiet and friendly.

PARKING AND STORAGE
The apartment includes a designated parking space in the courtyard close to the apartment's window, and you can also park for free on the street in front of the building. This apartment does not have a storage room.

UTILITIES
Utility bills have been under 100€ in the summer and 125€ per month in the winter, to which water and electricity are added according to personal consumption. Pictures of utility bills are attached to the listing photos.

FOR INVESTORS
According to the analysis of the short-term rental market analysis platform AirDNA, the predicted gross income of this apartment in case of short-term rental is approximately 15 500€ per year, which means approximately 10.7% gross return at a purchase price of 145 000€. The forecast is based on actual occupancy rates and price levels of comparable short-term rental properties in the area and takes into account, among other things, seasonality, rental demand and the dynamics of market returns.

LOCATION
Balti Jaama Market and MyFitness are about 6-7 minutes' walk away, the sea and Kalaranna quarter are about 200 m away, Telliskivi quarter is about 10 minutes away. The legendary Kalamaja Bakery is located directly across the street and besides, there are many cafes and hustle and bustle in the area.

Kalamaja is Tallinn's oldest suburb, where the old and new have found a suitable balance. A trendy and desirable living environment for creative people, while also a warm and safe neighbourhood as a home for young families and all people who value distinctive living environment and cultural life.

This is a genuine Kalamaja home, surrounded by cosy cafes, charms of the old town and the hustle and bustle of the city centre. Both work and leisure time - everything is just a few steps away.

Call and let's go see it!

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