Apartment valuation in Riga - two real worked examples
This page contains two complete apartment valuation examples produced by the NICENA.LV tool. Every figure is real system output: the transactions used are public land-registry records, while the apartments themselves are described by type and district rather than by address.
What data is used for apartment valuation in Riga
Data from reliable official state registers and market intelligence
State Land Service (Cadastre)
State Land Service cadastre records - area, floor, building series, year of construction, and cadastre identifier.
Land Register Sales
Transactions registered in the Land Register - prices actually paid in Riga, not prices asked in listings.
Photograph AI Analysis
Listing photographs and user-uploaded images - automated assessment of apartment condition scored from 0 to 10.
Market Dynamics
Active and archived listing statistics - time to sell, demand, and price dynamics within the segment.
Example 1 - SS.lv listing (Jasmuižas Street 11, Pļavnieki, Riga)
A three-room apartment in a 602-series panel block at Jasmuižas Street 11, Pļavnieki, Riga. Input via SS.lv listing link; 14 listing photos analysed for condition scoring.
Jasmuižas iela 11, Pļavnieki, Rīga
61,7 m²
60,4 m² (60,2 m² iekštelpas + 1,5 m² palīgtelpa)
3 istabas / 4. stāvs no 8 (ar liftu)
602. sērija (dzelzsbetona paneļi, 1984. gads)
Balkons, parkošanas vieta
6,3 / 10 (Labā stāvoklī, 14 attēli)
78 500 EUR (1 272 EUR/m²)
Gala vērtējuma ziņojums
1,350 €/m²
Augsta pārliecība
Kāpēc pārliecība ir augsta
PĀRLIECĪBAS FAKTORI5 building and nearby transactions reviewed
14 property images analysed
40 similar buildings used for comparison
Vai šis vērtējums ir precīzs?
60.2 m² indoor + 1.5 m² additional area (reduced weight)
61.7 m²
60.4 m²
Apartment condition from photos
Good
6.3 / 10
14
65%
+13.6%
≈ +9,669 EUR
Tirgus pierādījumi
Šie darījumi un sludinājumi ir vērtējuma pamatā. Ja kaut kas izskatās nepareizi, izslēdziet, piespraudiet vai pievienojiet kandidātus zemāk un pārrēķiniet.
Saistītie darījumi un sludinājumi
14.05.2026
Jasmuižas iela 6, Rīga
64,294 €
1180 €/m²
Jasmuižas iela 6, Rīga
64,294 €
1180 €/m²
14.05.2026
Area
62.3 m²
Rooms
3
Floor
9/9
Adjusted price information:
1032 €/m² after adjustment
View full listing details
28.11.2025
Jasmuižas iela 11, Rīga (Tā pati ēka)
71,408 €
1156 €/m²
Jasmuižas iela 11, Rīga (Tā pati ēka)
71,408 €
1156 €/m²
28.11.2025
Area
61.4 m²
Rooms
3
Floor
5/9
Adjusted price information:
1163 €/m² after adjustment
View full listing details
01.10.2025
Jasmuižas iela 11, Rīga (Tā pati ēka)
72,056 €
1306 €/m²
Jasmuižas iela 11, Rīga (Tā pati ēka)
72,056 €
1306 €/m²
01.10.2025
Area
60.5 m²
Rooms
3
Floor
7/9
Adjusted price information:
1191 €/m² after adjustment
View full listing details
01.10.2025
Brāļu Kaudzīšu iela 42, Rīga
76,261 €
1331 €/m²
Brāļu Kaudzīšu iela 42, Rīga
76,261 €
1331 €/m²
01.10.2025
Area
61.6 m²
Rooms
3
Floor
5/9
Adjusted price information:
1238 €/m² after adjustment
View full listing details
03.05.2026
Jasmuižas iela 4, Rīga
73,250 €
1384 €/m²
Jasmuižas iela 4, Rīga
73,250 €
1384 €/m²
03.05.2026
Area
61.4 m²
Rooms
3
Floor
6/9
Adjusted price information:
1193 €/m² after adjustment
View full listing details
Kā aprēķināts vērtējums
Listing reading & image analysis
Address (Jasmuižas 11), area (61.7 m²), floor (4/8) and asking price (€78,500 / €1,272/m²) read from link. 14 photos scored condition 6.3/10 (Good, 65% confidence), adding +13.6% (+€9,669) for finish.
Effective area weighting
Registered 61.7 m² re-weighted to 60.4 m² effective (60.2 m² indoor + 1.5 m² auxiliary area at reduced weight). Area adjustment impact: -€2,112 (-2.5%).
Linked Land Register sales & buildings
Linked 5 registered Land Register sales (incl. 2 sales in the same building at Jasmuižas 11 with match scores up to 89%) and compared 40 similar 602-series buildings in Pļavnieki.
Final valuation & asking price comparison
Blended transaction baseline with finish and floor adjustments. Final market value: €83,322 (€1,350/m²). Our calculated value is +€4,822 (+6.1%) above the listing asking price (€78,500).
Galvenais kopsavilkumā
Our calculated market value (€83,322) exceeds listing asking price (€78,500) by +6.1% (+€4,822), indicating an attractive purchase opportunity.
Condition scored 6.3/10 (Good) from 14 listing photos (65% photo confidence), yielding +13.6% (+€9,669) finish premium.
95% confidence (high) with 5 linked Land Register sales (incl. 2 in the same building at Jasmuižas 11). Expected median error: ±6.8%.
Example 2 - apartment valued from owner’s own photos
A three-room apartment in a 602-series panel block in Pļavnieki, Riga. Valued from 14 photographs extracted from a phone walkthrough video.
63,9 m²
61,5 m²
1 / 9
602. sērija (paneļu)
1984
Pļavnieki, Rīga
Gala vērtējuma ziņojums
925.1 €/m²
Augsta pārliecība
Kāpēc pārliecība ir augsta
PĀRLIECĪBAS FAKTORI5 building and nearby transactions reviewed
14 images analysed from video
40 similar buildings used for comparison
Vai šis vērtējums ir precīzs?
61.2 m² indoor + 2.7 m² additional area (reduced weight)
63.9 m²
61.5 m²
Apartment condition from photos
Below average
4.43 / 10
14
70%
−15.0%
—
Tirgus pierādījumi
Šie darījumi un sludinājumi ir vērtējuma pamatā. Ja kaut kas izskatās nepareizi, izslēdziet, piespraudiet vai pievienojiet kandidātus zemāk un pārrēķiniet.
Saistītie darījumi un sludinājumi
12.03.2026
Tīnūžu iela 4, Rīga
61,294 €
921.05 €/m²
Tīnūžu iela 4, Rīga
61,294 €
921.05 €/m²
12.03.2026
Area
60.8 m²
Rooms
3
Floor
1/9
Adjusted price information:
1008.13 €/m² after adjustment
4.93/10
condition from photos
19.09.2025
Jasmuižas iela 7, Rīga
54,343 €
949.49 €/m²
Jasmuižas iela 7, Rīga
54,343 €
949.49 €/m²
19.09.2025
Area
49.5 m²
Rooms
2
Floor
3/9
Adjusted price information:
1097.83 €/m² after adjustment
4.79/10
condition from photos
09.12.2025
Brāļu Kaudzīšu iela 25, Rīga
67,931 €
1071.43 €/m²
Brāļu Kaudzīšu iela 25, Rīga
67,931 €
1071.43 €/m²
09.12.2025
Area
60.2 m²
Rooms
3
Floor
2/9
Adjusted price information:
1128.43 €/m² after adjustment
5.09/10
condition from photos
23.10.2025
Dzeņu iela 11, Rīga
56,224 €
1129.36 €/m²
Dzeņu iela 11, Rīga
56,224 €
1129.36 €/m²
23.10.2025
Area
48.7 m²
Rooms
2
Floor
4/9
Adjusted price information:
1154.49 €/m² after adjustment
5.18/10
condition from photos
02.06.2026
Brāļu Kaudzīšu iela 21, Rīga
75,242 €
979.67 €/m²
Brāļu Kaudzīšu iela 21, Rīga
75,242 €
979.67 €/m²
02.06.2026
Area
61 m²
Rooms
3
Floor
2/9
Adjusted price information:
1233.48 €/m² after adjustment
3.69/10
condition from photos
Kā aprēķināts vērtējums
Comparable buildings
Within a 2,500 m radius, 40 buildings were selected sharing the same construction (concrete), the same series (602) and the same market segment (Soviet-era series housing).
Transactions with confirmed condition
Of 19 candidates, 5 registered transactions were used - each having both a land-registry record and listing photographs, so both price and condition are known.
Base price
A base price of €1,114.70/m² - transaction prices (€1,128/m²) blended with 13 comparable asking prices (€1,083/m²) in a 70/30 ratio.
Condition adjustment
Photo analysis scored condition 4.43/10 against a segment norm of 6.48/10. Adjustment: −15%.
Final calculation
Location, building and liquidity factors added +2%. Final price €925.10/m² × 61.5 m² = €59,114.
Galvenais kopsavilkumā
The registered area (63.9 m²) exceeds interior area (61.2 m²). The difference - auxiliary or outdoor space - is weighted at the rate typical for this building type rather than full price.
94% of evidence used falls within ±20% of calculated price; expected median error at this confidence level is 6.8%.
Market context for series apartments in Riga (Pļavnieki)
Data as of 2026-08-07
83
1 210 EUR/m²
53 dienas
28 dienās
94 dienas
5,0%
372
Frequently asked questions about apartment valuation
What data is an apartment valuation based on in Riga and Latvia?
The valuation is built from transactions registered in the Land Register (prices actually paid), State Land Service cadastre data about the building and apartment, and photo analysis that scores condition from 0 to 10.
How accurate is a NICENA.LV apartment valuation?
Every valuation states its confidence score and expected median error. For series apartments in Riga with ample transaction volume (e.g. 602 series in Pļavnieki), confidence is 95% with an expected median error of 6.8%.
Are photographs required for the valuation calculation?
No. If an SS.lv listing link is provided, the tool automatically uses the listing photos. For your own apartment you can upload images or film a walkthrough video from which the system extracts the frames.
How does calculated market value differ from asking price?
An asking price is what a seller requests; calculated market value is built from prices actually paid for comparable apartments in the Land Register. In Example 1 at Jasmuižas Street 11, calculated market value (€83,322) is 6.1% above the asking price (€78,500).
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