Two-Bedroom Apartment Opportunity in Peñagrande, Madrid
€850,000
€8,763/m²
- 2
- Bedrooms
- 2
- Bathrooms
- 97 m²
- Interior
- Apartment
- Type
- 29 May 2026
- Listed
The Habio take
This two-bedroom apartment in Peñagrande offers the chance to create a bespoke penthouse in a tranquil environment. Located within the vibrant capital of Spain, this position balances peaceful living with urban convenience.
- city
- quiet
- investment
- renovation
Highlights
- 97 m² internal area
- Opportunity for bespoke renovation
- Peaceful residential setting
- Close to local amenities
- Attractive investment potential
Worth knowing
- Higher price point for the area
- Limited outdoor space noted
Good fit for: Ideal for buyers seeking a customisable urban home in a quiet locale.
Lifestyle scores
- Beach
- 0
- Walkable
- 70
- Remote work
- 70
- Family
- 60
- Retirement
- 65
- Airport access
- 80
- Investment
- 75
- Luxury
- 60
- Value
- 55
About this place
Great opportunity to create a bespoke penthouse in a peaceful setting
Where you’ll be
Peñagrande, Madrid, Spain
Exact location is confirmed by the agent on enquiry.
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
