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"estimated at around" is correct and usable in written English.
You can use it when you are wanting to describe a number that is only an estimation. For example, "The cost of the repairs is estimated at around $200."
Exact(60)
It is estimated at around $30 million.
It is currently estimated at around $1800.
Daewoo's market share is estimated at around 32percentt.
The number of "affordables," estimated at around 260, will not.
Casualty figures are estimated at around 200 killed.
"The [resulting] tax revenues are estimated at around €3.8bn.
Losses of banana exports in May were estimated at around $34 million.
By comparison, the largest 1995 flow at this site was estimated at around 1200 m3/s.
Unemployment is estimated at around 22%, while Unicef lists life expectancy at just 51.
The value of the booty today is estimated at around $20m.
According to the American business magazine Forbes, Moshiri's personal wealth is estimated at around $1.3bn.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com