Spacious Four-Bedroom Apartment for Renovation in Ibiza, Madrid
€1,400,000€11,200/m²
4
bedrooms
1
bathroom
125 m²
interior
Apartment
property type
29 May 2026
listed
The Habio take
AI summaryThis four-bedroom apartment in the sought-after Ibiza area of Madrid offers 125 square metres of internal space, presenting a significant opportunity for renovation. Located within the Retiro district, this property combines urban living with access to one of Madrid's most beloved parks.
- city
- investment
- renovation
Highlights
- Spacious 125 m² interior
- Four bedrooms for ample space
- Renovation potential for customisation
- Close to Retiro Park
- Vibrant neighbourhood with urban amenities
Worth knowing
- Requires renovation
- Only one bathroom may limit convenience
Good fit for: Ideal for those looking to create a personalised living space in a central location.
Lifestyle scores
- Beach
- 0
- Walkable
- 85
- Remote work
- 65
- Family
- 70
- Retirement
- 60
- Airport access
- 80
- Investment
- 75
- Luxury
- 60
- Value
- 70
About this place
Vivienda para reformar con gran potencial en Retiro.
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.
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
