Exclusive 3-Bedroom Apartment with Renovation Potential in Jerónimos
€3,690,000€14,643/m²
Jerónimos, Madrid, Spain
3
bedrooms
4
bathrooms
252 m²
interior
Apartment
property type
29 May 2026
listed
The Habio take
AI summaryThis exclusive three-bedroom apartment offers an impressive 252m² of space, situated in a classic building in the sought-after Jerónimos district of Madrid. The area is known for its cultural richness, proximity to parks, and high-end amenities, providing an enviable urban lifestyle.
- city
- luxury
- historic
- renovation
Highlights
- Spacious 252m² apartment
- Potential for renovation
- Located in Jerónimos, a prestigious neighbourhood
- Proximity to cultural attractions and parks
- Ideal for luxury living
Worth knowing
- Considerable renovation may be required
- Higher investment relative to other areas
Good fit for: Best suited for buyers seeking a luxurious city home with potential for customisation.
Lifestyle scores
- Beach
- 0
- Walkable
- 80
- Remote work
- 70
- Family
- 60
- Retirement
- 50
- Airport access
- 70
- Investment
- 80
- Luxury
- 90
- Value
- 40
About this place
Exclusive 3-bedroom apartment, with the possibility of a renovation project, in a classic building in Jerónimos, 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
