Checking the original advert…

Auction Apartment

Elda · Alicante/Alacant · 03600

Fourth-floor Elda apartment, 64.96 m²

€30,339 389 €/m²

64.96 m² usable apartment on the fourth floor at Calle Doctor Rodríguez Fornos, 6 in Elda. The property is occupied by the debtor, with occupants stated to have a right of permanence.

Estimated monthly account

Rental income+€367/month
Mortgage 80% · 25 years · Euribor 2.86%−€113/month
Costs IBI, service charge, allowance · estimated−€78/month
Net cash flow +€176/month

Estimated up-front investment €9,405 · 20% deposit + 11% purchase costs

Reference SUB-JA-2025-249308 · On Inmoblia since 7 August 2026

The auction

Auction details

Official terms published on the BOE auction portal.

Finished Court auction Closed on 12 August 2026
€30,339Opening bidMinimum published amount to bid
€76,456Estimated market valueInmoblia's own valuation, not the court appraisal
+60%Estimated discountOf the bid against our market value
Possession
Occupied
Prior charges
Not stated
Deposit to bid
€1,517
Appraised value
€30,339
The property

Specifications

What the advert says about the property: floor area, layout, condition and registry details.

Some advert data is uncertain

We show the source-reported value for context, but exclude it from calculations until the conflicting evidence is resolved.

Type
Apartment
Built area
78 m²
Usable area
65 m²
Floor
4º
Year built
1960
Occupancy
Not stated
Transaction type
Auction
Fittings

Fittings and extras

Property characteristics published in the auction file.

The advert also mentions:

  • Judicial enforcement auction
  • Primary residence
  • Not stated as visitable

Free text we could not normalise into a comparable attribute, so it does not score.

The verdict

What the analysis sees

The specific signals the model finds in this property and its municipality, before going into the score in detail.

In favour

  • Deep discountThe effective bid is at least 30% below our market valuation.

Against

  • Charges unconfirmedThe BOE does not state whether prior charges survive the award.
  • Unreliable valuationThe market reference has limited coverage; read the discount with caution.
  • Deposit requiredBidding requires posting the deposit the BOE demands in advance.
  • OccupiedRecovering possession may require time, costs and court proceedings.
The auction score

How the score is built

The auction score is the weighted sum of five factors. Each panel shows its contribution and stays collapsed until you want to review the data behind it.

Total score (weighted sum of the five factors)55/100

Discount to market

45% of the score +39 pts
87
Effective bid
€30,339
Estimated market value
€76,456
Calculated discount
+60%

The discount rises on a gradual curve: 20% is worth about 49/100 and 60% about 86/100. Source: the bid published by the BOE and Inmoblia's explainable valuation; the court appraisal is not used as market value.

Prior charges

15% of the score +7 pts
45
Published position
Not stated

Prior charges may survive the award. No declared charges scores 100; if the BOE does not state it, 45; with published charges, 15.

Possession

20% of the score +2 pts
10
Published position
Occupied

A vacant property scores 100; tenanted, 55; position unknown, 45; and occupied, 10, for the cost and time recovering possession may take.

Municipal liquidity

10% of the score +4 pts
44
4.3Market turnover
median 3.3 transactions a year per 1,000 residents · more turnover, easier to resell · 2026Q1
0.73Repossession pressure
median 0.74 urban housing repossessions per 1,000 of the provincial stock · 2025

Repossessions are a provincial figure (INE) and turnover is municipal (MIVAU). They measure the market's risk and how easily it resells, not the quality of this particular property.

Without enough municipal coverage the factor stays at 50, neutral: it neither rewards nor penalises.

Valuation reliability

10% of the score +3 pts
30
Valuation confidence
low confidence
Evidence coverage
45%

The discount is only as reliable as the market value used as its reference. A high-confidence valuation scores 100; medium, 65; low or absent, 30.

Explainable valuation

An indicative estimate, not a certified appraisal. Each type of evidence is shown separately.

Low45%
€30,339Advertised price389 €/m²
€76,456Estimated fair value0 deduplicated comparables
UnavailableOfficial closing price in the areaOfficial evidence, kept separate

Fair purchase range

municipio
€64,987P25
€76,456mediana
€87,924P75
980 €/m²Reference appraised valueMIVAU · 2026Q1

Fair rent range

1,421 observations
€273/monthP25
€351/monthmediana
€437/monthP75

Model explainable-municipal-v2 · calculated on 7 August 2026. low confidence, adjusted for recency, granularity, sample and dispersion.

Comparables

Similar properties nearby

Real references of the same municipality and type, to cross-check rent and price. They are not necessarily active offers.

They let for…

Comparable rentals in Elda, including those already let.

They sell for…

Comparable sales in Elda, including those already sold.

In most court auctions the charges ranking ahead of the executing creditor are not extinguished: the successful bidder takes them on. Possession is not guaranteed and may require eviction proceedings at the buyer's cost. Bidding requires a digital certificate, DNIe or Cl@ve and posting the stated deposit in advance. Always check the full terms in the official BOE notice.

Medium confidence: coverage is reasonable, with some relevant details to confirm.

Confidence measures how much data we hold, not the quality of the investment. We publish no arrears estimates: income, employment and crime figures are market context, never an indicator of tenant risk.