Convert a studio into a 1-bedroom apartment, 3 minutes from Matadero

Engel & Völkers exclusively offers this property for renovation in the Legazpi neighborhood (Arganzuela), free from inflated fees for someone else’s renovations: you choose the finishes and design from scratch.

Most small studios force you to sleep looking at the kitchen. This apartment has the right layout to build a partition wall, create a separate bedroom, and significantly increase its rental or resale value.

Key property details:

• Area: 41 m² built (38 m² actual usable space).
• Current layout: Open-plan studio with open kitchen and full bathroom.
• True potential: Naturally structured separation between living and sleeping areas (minimal work required to make the bedroom independent).
• Floor and building: 1st floor in a building without an elevator (minimal community fees and barely one flight of stairs).
• Light and noise: South/East-facing, overlooking a spacious interior block courtyard. It receives direct natural light in the morning without exposure to traffic on the main avenues.
• Climate control: Split air conditioning, hot water from an individual boiler, and electric heating.

Location and walking distances:

• Madrid Río and Matadero: Less than a 5-minute walk.
• Transport: Metro and buses at Plaza de Legazpi, just a few meters away.
• Services: Legazpi Health Center, supermarkets, and shopping area right on the doorstep.

Ideal profile: Investors seeking a high-demand rental property in Arganzuela’s area with the greatest growth potential, or private buyers looking for a home renovation project below the average price of already renovated properties in the area.

Contact us to schedule a viewing only if you are looking for a property to renovate with direct appreciation potential in Arganzuela.