Three-Bed Apartment to Renovate in Recoletos, Madrid
€2,800,000
€12,613/m²
- 3
- Bedrooms
- 3
- Bathrooms
- 222 m²
- Interior
- Apartment
- Type
- 30 Jul 2026
- Listed
The Habio take
This three-bedroom apartment offers a generous 222 m² of space, ideal for a bespoke renovation in the heart of Madrid's Recoletos neighbourhood. The location is known for its elegant architecture and cultural vibes, making it a prime setting for your new home.
- city
- renovation
- historic
Highlights
- Spacious 222 m² interior
- Located in prestigious Recoletos
- Opportunity for renovation
- Three bedrooms and three bathrooms
- Ideal for customisation
Worth knowing
- Renovation required
- Higher investment needed for refurbishment
- No immediate move-in condition
Good fit for: Perfect for buyers looking to customise a spacious apartment in a prime area.
Lifestyle scores
- Beach
- 0
- Walkable
- 90
- Remote work
- 70
- Family
- 65
- Retirement
- 60
- Airport access
- 80
- Investment
- 75
- Luxury
- 70
- Value
- 50
About this place
This apartment in Recoletos is a blank canvas awaiting transformation. Spanning a spacious 222 m², it presents an exciting opportunity for renovation, allowing you to design a personalised living space tailored to your taste.
The Recoletos area is renowned for its charm and sophistication, with a rich cultural scene and proximity to enchanting parks and local amenities. This property stands out as a diamond in the rough, ideal for those looking to create a unique residence in one of Madrid's most desirable districts.
Getting around
Adolfo Suárez Madrid–Barajas (MAD)
~14 min drive · 13 km
Approximate, measured from the property's area rather than its exact address. Drive times © OpenStreetMap contributors (OSRM); airports: OurAirports.
Where you’ll be
Madrid, Madrid, Spain
- Nearest airport
- Madrid (MAD)
- 12 km
- Also close
- Salamanca (SLM)
- 164 km
- Nearest city
- Valladolid
- 163 km
Marker is the location supplied by the agency — approximate, and often deliberately so. The exact address is confirmed on enquiry. Distances are straight-line.
Buying property in Spain
Spain welcomes foreign buyers with no nationality restrictions. The buyer needs an NIE (Número de Identidad de Extranjero) before completion, and most buyers open a Spanish bank account to handle the deposit and ongoing charges. An independent lawyer (abogado) is strongly recommended — the notario only checks the deed, not the wider title.
Spain ended its Golden Visa property route in April 2025.
Non-resident mortgages are widely available, typically 60–70% LTV.
Non-resident sellers face a 3% withholding from the sale price (retención), claimable against capital gains tax.
Always check community-of-owners (comunidad) debts and outstanding IBI before completion — they transfer with the property.
General guidance only — confirm specifics with a qualified local lawyer or tax adviser. Reference
