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Flat 165 м² in Madrid, Spain

1 570 769 $

9 519 $ /м²

4OaUS
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Area

165 м2

Bedrooms

3

Bathrooms

3

Apartment in Central and Northern Spain. City - Madrid

Penthouse in the Salamanca district, ONLY RENOVATION, with an area of ​​165 sq.m., with high ceilings and natural light throughout the day. It has three bedrooms and three bathrooms (two of them with en suite bathrooms and the third a full bathroom), as well as a kitchen with an island. The property has been renovated with exceptional quality, including two air conditioning systems, for temperature regulation in different rooms, new windows (Cortizo), built-in wardrobes, natural oak parquet, moldings on ceilings and walls, built-in kitchen with integrated Siemens appliances and brand new furniture (included in the price). Upon entering the property, we are greeted by a spacious hall with wardrobes, from which there is access to a spacious kitchen and a large living-dining room. A dividing door leads to the bedrooms and bathrooms, providing independence and privacy for this part of the property. Both rooms overlooking the main courtyard and the sides are very bright and, as they are located in the attic of the building, there is complete absence of noise. The property is located in a very prestigious area of ​​Castellana with all kinds of services, restaurants and excellent public transport (subway and bus). The monthly utility payments amount to 97 euros, and the annual property tax is 1,080 euros. The complete renovation includes new electrical installation, plumbing and individual gas heating-hot water. Saunier Duval condensing boiler. Building with concierge service. Kitchen appliances included. Air conditioning. Close to shops. Renovated. Furnished kitchen.

Additional details

Property type

Residential Properties

Object type

Flat

Price

1 570 769 $

FAQ

In Spain a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Madrid; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.
Banks in Spain finance 50–70% of the property value for non-residents with rates of 3–5% for 20–30 years. A life insurance policy and a 30–40% down payment are usually required. Terms and programs vary by city and bank.
Expected expenses: transfer tax 0–15%, registration 0.5–2%, notary 0.5–1.5%, agent commission 0–3%. In total 2–20% on top of the purchase price. Exact rates depend on region, property type and programs.
A title search at the land registry of Spain takes 10–15 business days. You receive ownership, encumbrance and tax clearance certificates. Documents are translated and reviewed by a lawyer before signing.
Yes. Rental income tax is 5–25% depending on the regime. In Madrid short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.
Yes. An inspection costs about 0.5–1% of the price (1 570 769 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.
A typical transaction runs 30–90 days, averaging 45 in Madrid: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).

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