Spacious 4-Bed Apartment for Renovation in Almagro, Madrid
€1,287,500€6,190/m²
4
bedrooms
2
bathrooms
208 m²
interior
Apartment
property type
2 weeks ago
listed
The Habio take
AI summaryThis expansive 4-bedroom apartment offers 208 m² of potential in the coveted Almagro neighbourhood of Madrid. Renowned for its stunning architecture, this area is close to a wealth of cultural spots, restaurants, and excellent transport links.
- city
- investment
- renovation
Highlights
- Spacious 208 m² apartment
- Located in desirable Almagro neighbourhood
- Close to cultural attractions and restaurants
- Good public transport links
- Potential for renovation
- Elevator access
Worth knowing
- Requires renovation to bring it up to modern standards
Good fit for: Ideal for buyers looking to invest in a centrally located property in need of restoration.
Lifestyle scores
- Beach
- 0
- Walkable
- 80
- Remote work
- 70
- Family
- 65
- Retirement
- 60
- Airport access
- 70
- Investment
- 75
- Luxury
- 70
- Value
- 55
About this place
Oi Real Estate presents a remarkable opportunity with this 4-bedroom apartment for sale, located in the prestigious Almagro neighbourhood of Chamberí, Madrid. This property is in need of renovation, allowing buyers the chance to modernise it according to their taste.
Spread over 208 m², the apartment features a spacious living room and includes four double bedrooms, two bathrooms, ample storage, and modern comforts such as heating and parquet flooring. The building is equipped with an elevator, enhancing accessibility.
Almagro is well-known for its blend of modern and historic architecture, with numerous embassies, museums, cultural venues, and exquisite dining options nearby. Positioned close to Chamberí and Olavide squares, this location enjoys excellent transport links including bus, train, and metro services, making it ideal for urban living.
What this place offers
- elevator
- heating
- storage
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
