Three-Bed Apartment to Renovate in Recoletos, Madrid
€2,800,000€12,613/m²
3
bedrooms
3
bathrooms
222 m²
interior
Apartment
property type
30 Jul 2026
listed
The Habio take
AI summaryThis three-bedroom apartment offers a generous 222 m² of space, ideal for a bespoke renovation in the heart of Madrid's Recoletos neighbourhood. The location is known for its elegant architecture and cultural vibes, making it a prime setting for your new home.
- city
- renovation
- historic
Highlights
- Spacious 222 m² interior
- Located in prestigious Recoletos
- Opportunity for renovation
- Three bedrooms and three bathrooms
- Ideal for customisation
Worth knowing
- Renovation required
- Higher investment needed for refurbishment
- No immediate move-in condition
Good fit for: Perfect for buyers looking to customise a spacious apartment in a prime area.
Lifestyle scores
- Beach
- 0
- Walkable
- 90
- Remote work
- 70
- Family
- 65
- Retirement
- 60
- Airport access
- 80
- Investment
- 75
- Luxury
- 70
- Value
- 50
About this place
This apartment in Recoletos is a blank canvas awaiting transformation. Spanning a spacious 222 m², it presents an exciting opportunity for renovation, allowing you to design a personalised living space tailored to your taste.
The Recoletos area is renowned for its charm and sophistication, with a rich cultural scene and proximity to enchanting parks and local amenities. This property stands out as a diamond in the rough, ideal for those looking to create a unique residence in one of Madrid's most desirable districts.
Where you’ll be
Madrid, Madrid, Spain
Location is approximate — exact address is confirmed by the agent.
Open in Google MapsBuying 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
