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Lavapies the new Notting Hill

The Lavapiés district is part of central Madrid, located between Atocha street (Reina Sofia Museum), Plaza Mayor and Toledo Street. This area is the cradle of traditionalism. At the end of the 1980s, Lavapiés was a neighbourhood inhabited exclusively by older people who lived in typically old, small houses built around a patio or courtyard. 

The abundance of abandoned houses and low-income housing in the 80s and 90s attracted many young people with few resources, including many squatters: Lavapiés has probably been one of those areas of ​​the city with the highest density of squatted houses, and the first experiences of squatting in the capital took place here. Nowadays the squatting has almost disappeared, but it is still the neighbourhood with the greatest number of community associations and neighbourhood movements in Madrid. 

The scarce supply of housing during the past year in the defendant district of Justicia has caused the demand to be passed on to Embajadores. The appreciated offer of cultural events, the bohemian atmosphere and the multicultural diversity offered by the residential population, the most cosmopolitan of the capital, have made it the second most sought-after neighbourhood after Justicia just ahead of Universidad. 

- Lavapiés

The forecasts for this year are still favourable and there is talk of a possible gentrification of the neighbourhood. "By the end of 2018, it is expected to have the definitive approval of all urban development projects, from which the urbanisation work would begin, so that the start of residential building constructions could be early 2020 ", say official land registry sources. 

Below we offer a small selection of properties for sale in the area: 

Renovated loft-style apartment in Lavapiés ​

Exclusive avant-garde newly built loft apartment in a 2007 finca, 125 sqm distributed on ground floor and upper level, which you can access via a metal staircase. It should be noted the detailed choice of materials and finishes, which give an immensely attractive and practical result. The rooms are heated by a high-end silent industrial air conditioning system and we find four double bedrooms, two on the ground floor and two on the upper level, two bathrooms with walk-in shower, and kitchen with all the appliances. The property has a parking space included in the price, wide and very comfortable to maneuver the car. There is a nice and cosy interior patio for communal use, where plants are the focal point and create a relaxing atmosphere. 

Designed Flat in Lavapiés

A recently renovated and attractive apartment in the area of ​​Lavapiés. The property has a large living room and an open-plan kitchen-dining room. The kitchen is fully equipped with high-end appliances. 

The living room has a brick wall, thus giving the room a warm atmosphere. It is also a very bright and cosy room. Next to the living room there is access to a hallway that leads to two bedrooms and a bathroom. The master bedroom is quite spacious with built-in wardrobe, it is furnished and has good natural lighting. The second bedroom has no wardrobe, is furnished and has a large window, which gives a lot of natural light. The bathroom has two sinks and a large shower area enclosed with a glass partition, it has a square fixed shower head with rain effect, good ventilation and lighting. The remodeling was made with high quality materials and accessories, such as tilt-and-turn windows, laminate flooring, modern electric heating, kitchen furniture and bathroom with excellent finishes. The property has a nice decoration, complementing the furniture and creating a unique and harmonious space, thus making it ready to move into. It is definitely a unique opportunity to buy. 

Exclusive Apartment in Embajadores

Just a few metres from the Barrio de Las Letras, the Paseo del Prado and the Reina Sofia Museum we can find this fully renovated property with high quality materials and finishes. It is the top floor of a representative finca, typical of the area. It stands out for its impeccable design, the careful selection of light materials and its views of a stately building. It has an approximate area of 116 sqm built, and is distributed in a spacious living room, separate kitchen with a large island of Marquina black marble, two bedrooms with en suite bathroom, a bathroom, dressing room and laundry area. The flooring that has been chosen is solid oak parquet and Marquina black marble in concrete spaces. This is certainly an exclusive luxury property in one of the most sought-after neighbourhoods in the centre of the capital.

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Engel & Völkers
Licence Partner Madrid

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