Two-Bedroom Apartment Opportunity in Peñagrande, Madrid
€850,000€8,763/m²
2
bedrooms
2
bathrooms
97 m²
interior
Apartment
property type
29 May 2026
listed
The Habio take
AI summaryThis two-bedroom apartment in Peñagrande offers the chance to create a bespoke penthouse in a tranquil environment. Located within the vibrant capital of Spain, this position balances peaceful living with urban convenience.
- city
- quiet
- investment
- renovation
Highlights
- 97 m² internal area
- Opportunity for bespoke renovation
- Peaceful residential setting
- Close to local amenities
- Attractive investment potential
Worth knowing
- Higher price point for the area
- Limited outdoor space noted
Good fit for: Ideal for buyers seeking a customisable urban home in a quiet locale.
Lifestyle scores
- Beach
- 0
- Walkable
- 70
- Remote work
- 70
- Family
- 60
- Retirement
- 65
- Airport access
- 80
- Investment
- 75
- Luxury
- 60
- Value
- 55
About this place
Great opportunity to create a bespoke penthouse in a peaceful setting
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
