Flat 120 м² in Madrid, Spain

619 508 $

5 162 $ /м²

4OaTA

Area

120 м²

Bedrooms

Bathrooms

Apartment in Central and Northern Spain. City - Madrid

The property is located in a gated complex overlooking Sanchinarro Park and Valdebebas Park. The house is located on the fourth floor and consists of 3 double bedrooms, 2 full bathrooms (one with a bathtub), a master bedroom with a dressing room, a spacious living-dining room with a bay window overlooking the pool and gardens, and a kitchen. The price includes a garage and storage room. The gated complex features a 24-hour concierge, events hall, game room (with a foosball table, table tennis), children's room, sauna, gym, two saltwater pools, sports field (tennis, basketball, and football), paddle tennis courts, two playgrounds, large green areas with gardens and walking paths. The residential complex is located in an area with all amenities, schools, and shops, El Corte Ingles shopping center, well-connected to Castilla Square and the airport, with easy access to the M-30 and M-40 highways, light rail, bus, and direct access to. Sports field. Tennis court. Paddle tennis court. Storage room. Pre-installation of air conditioning. SPA. Nearby shops. Garage/parking. Pool. Terrace. Public garden. Gym.

Additional details

Property type

Residential Properties

Object type

Flat

Price

619 508 $

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 (619 508 $) 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).