Engel & VölkersEngel & Völkers
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Bright living room with two beige sofas, a white coffee table, a fireplace, and a glass-front cabinet on tiled floors. [AI-generated text]

UNIQUE OPPORTUNITY TO RENOVATE IN CORTES: CLASSIC PROPERTY

€1,290,000
  • 4 Rooms
  • 4 Bedrooms
  • 2 Bathrooms
  • ~192 m² Total surface
  • ~160 m² Living area
  • Completion expected November 2026

Description

Engel & Völkers presents this fantastic investment opportunity in an unbeatable location, just steps from Paseo del Prado and the Thyssen Museum, next to the Royal Botanical Garden, and excellently connected by metro and bus.

This welcoming home is located on the first floor, with an elevator, in a stately building dating from the early 20th century, which has been very well maintained. The entrance steps are currently being removed to improve accessibility.

The exterior property is very bright, with four street-facing balconies and numerous windows. Its 3.30 m-high ceilings are another notable feature.

It comprises 181 m² of living space and an 11 m² storage room. It is currently laid out with four bedrooms, a living-dining room, a separate kitchen, and two bathrooms, with the possibility of changing the layout according to the buyer’s preferences and needs.

This fantastic property is a unique investment opportunity in the historic center of Madrid, appealing both to investors and private buyers.

Features
BalconyElevatorFireplaceBuilt in wardrobeGuest toilet
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Engel & Völkers Madrid MMC

Your advisor: Raquel Perez Yusta

Property ID: W-04926H

Property details
  • Object type

    Flat

  • Rooms

    4

  • Bedrooms

    4

  • Bathrooms

    2

  • Floor

    1

  • Number of Floors

    4

  • Parking spaces

    1

  • Total surface

    ~192 m²

  • Living area

    ~160 m²

Energy efficiency information
  • Construction year

    1905

  • Energy efficiency class

    D

  • Energy certificate available

    Yes

  • Type of heating

    Radiator

  • Energy source

    Decentral heating

Location: Centro, Madrid

Exploring the Literary Quarter means immersing yourself in the living history of Spain’s Golden Age. Very close to some of the world’s most important art museums—the so-called Art Triangle—the Las Cortes area, renowned for the intense literary activity that flourished there during the 16th and 17th centuries, offers a broad cultural program, a complete range of shops, and exquisite national and international cuisine.

It is the emblematic neighborhood where tradition and modernity come together, enjoying a privileged location just minutes from the new Canalejas luxury complex, near the Paseo del Prado, Neptune Square, and the Royal Botanical Garden. The property is surrounded by art galleries, film archives, antique dealers, and a diverse selection of cafés and restaurants, making “the Literary Quarter” undoubtedly one of the most special neighborhoods in central Madrid.

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