Small living room with a grey sofa, white dresser, large round mirror, and a sliding door leading to a laundry kitchen. [AI-generated text]

Cozy, bright, renovated apartment in Palacio

€205,000
  • 1 Room
  • 1 Bedroom
  • 1 Bathroom
  • ~31 m² Total surface
  • ~29 m² Living area
  • Construction year 1880

Description

Engel & Völkers presents this bright and welcoming home, ready to move into and offering excellent investment potential thanks to its features and privileged location in the Palacio district.

Situated on the third floor of a building without an elevator, the property has 31 m² and is just a few metres from some of Madrid’s most iconic monuments and landmarks.

Its layout has been carefully designed to provide a comfortable and functional space. The living-dining room stands out for its spaciousness and brightness, thanks to a large Velux window that allows plenty of natural light in and offers pleasant views of Madrid’s sky. The kitchen, semi-integrated into the living room, is fully equipped with appliances. The sleeping area comprises a bedroom and a full bathroom.

The property also features built-in wardrobes and climate control via a heat pump and split air-conditioning system, providing comfort all year round.

The property is in very good condition and has been recently updated. In addition, the roof has new insulation, installed just two months ago, and the building has a favourable IEE technical inspection report.

The buyer should not need a mortgage because the registered floor area is smaller.

Its privileged location, in the heart of historic, monumental and cultural Madrid, combines a functional layout, careful design and a pleasant sense of light and space. An ideal property both for investors seeking an opportunity in one of the most attractive areas of central Madrid and for those wishing to enjoy a welcoming, peaceful home that is ready to move into.

Features
Air-conditioningBuilt-in kitchenSecurity systemFurnished
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Engel & Völkers Madrid MMC

Your advisor: Ivy Caldera

Property ID: W-04B82P

Property details
  • Object type

    Flat

  • Rooms

    1

  • Bedrooms

    1

  • Bathrooms

    1

  • Floor

    3

  • Total surface

    ~31 m²

  • Living area

    ~29 m²

  • Flooring

    Laminate

Energy efficiency information
  • Construction year

    1880

  • Energy certificate available

    In progress

  • Energy source

    Heat pump

Location: Centro, Madrid

In the very heart of Madrid, in the Palacio district—one of the capital’s most iconic areas, undergoing continuous revitalization—stands this magnificent home.

Located in a classic building very close to the Royal Basilica of San Francisco el Grande, and just steps from the Royal Palace, Royal Theatre, and Almudena Cathedral. It is an enviable setting combining the quality of its superb location, access to every service and the city’s finest leisure options, with historic buildings of beautiful architecture, streets, lanes, squares, and small plazas that capture the picturesque, distinctive character of traditional Madrid.

Nearby are iconic sites renowned for their architectural, artistic, or cultural heritage and exceptional richness, as well as other attractive destinations featuring the finest shops and boutiques, cinemas, theatres, concert halls, exhibition spaces, and restaurants. Small luxuries in one of Madrid’s most privileged areas, with everything right on your doorstep.

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