Engel & Völkers
Living room with hardwood floors, gray sofas, white chairs, and a white bookshelf filled with books.

Great opportunity for a remodel or investment in Palacio

€650,000
  • 2 Rooms
  • 2 Bedrooms
  • 2 Bathrooms
  • ~127 m² Total surface
  • ~112 m² Living area

Description

Engel & Völkers presents this property of approximately 127 m2 built for a complete renovation or to maintain its current layout in two separate units. It is an exterior property on two streets located in one of the most emblematic areas of Madrid de los Austrias. Being a property for renovation, it offers various possibilities due to the spaciousness of the areas and the fluid connection between them. As an investment, it offers high profitability possibilities in a highly sought-after area in the center of Madrid. Each of the two apartments consists of a separate bedroom, living room, kitchen, and an independent bathroom. This type of unique and desirable property offers significant and diverse opportunities for living, renting, or undertaking a complete renovation. Properties of this type and size for renovation do not come to the market frequently, so contact us for a visit to what could be your successful investment in real estate.
Features
Air-conditioningBalcony
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Engel & Völkers Madrid MMC

Your advisor: Derek Earley

Property ID: W-02TEL4

Property details
  • Object type

    Flat

  • Condition

    Good

  • Rooms

    2

  • Bedrooms

    2

  • Bathrooms

    2

  • Number of Floors

    1

  • Total surface

    ~127 m²

  • Living area

    ~112 m²

  • Flooring

    Parquet, Tiles

Energy efficiency information
  • Construction year

    1905

  • Energy efficiency class

    F

  • Energy certificate available

    Yes

  • Energy certificate type

    Consumption certificate

  • Type of heating

    Radiator

  • Energy source

    Gas heating, Heat pump

Location: Centro, Madrid

The property is located in the Palacio area with countless streets, squares, monuments, and buildings that have left their mark on the history of Madrid. Just a few minutes away, you'll find the Royal Palace, Plaza de los Carros, and Plaza de la Paja. The district's demand is booming as the city's preservation along with its history is maintained and simultaneously updated for today's needs and luxuries. The area is notable for its large number of restaurants, cafes, taverns, shops, hostels, and great cosmopolitan variety. The transportation links are excellent, whether via the M30, Metro, bus, or Renfe.

Floor plan

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Engel & Völkers Madrid MMC

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EV MMC SPAIN, S.L.U.

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