Spacious Six-Bed Villa with Renovation Potential in Fuentelarreina
€2,700,000€4,909/m²
Fuentelarreina, Madrid, Spain
6
bedrooms
6
bathrooms
550 m²
interior
House
property type
29 May 2026
listed
The Habio take
AI summaryThis expansive six-bedroom semi-detached villa offers an excellent opportunity for renovation in the secure, gated community of Fuentelarreina. Nestled within Madrid's prestigious Puerta de Hierro area, it boasts large communal spaces and an emphasis on privacy.
- family
- investment
- renovation
- luxury
- quiet
- city
Highlights
- 550 m² of internal space
- Six spacious bedrooms
- Six bathrooms for convenience
- Located in a gated community
- Ideal for renovation with potential value increase
- Excellent for family living and privacy
Worth knowing
- Significant renovation required
- Higher investment needed for modernisation
- Limited immediate amenities within walking distance
Good fit for: Best suited for buyers seeking a sizable family home with renovation possibilities in a quiet yet affluent area.
Lifestyle scores
- Beach
- 0
- Walkable
- 60
- Remote work
- 70
- Family
- 80
- Retirement
- 60
- Airport access
- 65
- Investment
- 75
- Luxury
- 80
- Value
- 55
About this place
Spacious semi-detached villa for renovation, with great potential for renovation, with a functional layout for sale in a gated development in Puerta de Hierro, with large communal areas, maximum privacy and security, in Madrid.
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
