Spacious 4-Bedroom Penthouse with Light and Potential in Madrid
€1,420,000€8,606/m²
Universidad, Madrid, Spain
4
bedrooms
2
bathrooms
165 m²
interior
Apartment
property type
29 May 2026
listed
The Habio take
AI summaryThis 165 m² penthouse features four spacious bedrooms and two bathrooms, offering a bright living space with abundant natural light. Located in the University - Condeduque neighbourhood of Madrid, it’s well-positioned for both residential comforts and vibrant city life.
- city
- historic
- family
- investment
- remote work
Highlights
- Top-floor penthouse with abundant natural light
- Flexible space for renovation or immediate move-in
- Close to universities and cultural attractions
- Generous 165 m² layout with 4 bedrooms
- Option for a 16 m² terrace for outdoor enjoyment
Worth knowing
- No specific mention of outdoor space aside from possible terrace
- Potential need for renovations depending on personal taste
Good fit for: Ideal for families or professionals seeking spacious living in a vibrant area.
Lifestyle scores
- Beach
- 0
- Walkable
- 90
- Remote work
- 75
- Family
- 85
- Retirement
- 60
- Airport access
- 70
- Investment
- 80
- Luxury
- 65
- Value
- 70
About this place
Penthouse in the University - Condeduque neighbourhood | 165 m² + possible 16 m² terrace | 4 bedrooms · 2 bathrooms | Top floor with lots of natural light, ready to move in or renovate
Buying property in Spain
Spain welcomes foreign buyers with no nationality restrictions. The buyer needs an NIE (Número de Identidad de Extranjero) before completion, and most buyers open a Spanish bank account to handle the deposit and ongoing charges. An independent lawyer (abogado) is strongly recommended — the notario only checks the deed, not the wider title.
- 1
Get an NIE
Apply for the foreign-resident tax number at a Spanish consulate, police station, or via a representative with power of attorney.
- 2
Open a Spanish bank account
Needed for the deposit, taxes, mortgage payments, and utilities.
- 3
Engage an independent lawyer
Lawyer runs title, debts, planning, and community-of-owners checks — the notario will not.
- 4
Reservation contract
Small deposit (€3,000–€10,000) takes the property off the market while due diligence runs.
- 5
Sign the contrato de arras
Private purchase contract with a 10% deposit. If the buyer pulls out they lose it; if the seller pulls out they pay double.
- 6
Sign the escritura pública
Final public deed signed before a notario; balance and taxes paid; keys handed over.
- 7
Register the property
Lawyer registers the deed at the Registro de la Propiedad and arranges utility and IBI transfers.
Spain ended its Golden Visa property route in April 2025. Non-resident mortgages are widely available, typically 60–70% LTV. Non-resident sellers face a 3% withholding from the sale price (retención), claimable against capital gains tax. Always check community-of-owners (comunidad) debts and outstanding IBI before completion — they transfer with the property.
General guidance only — confirm specifics with a qualified local lawyer or tax adviser. Reference
