Appartamento Esposto A Sud Da Ristrutturare In Un Edificio Almagro Del 1927, Con Balconi E Vetrata

On Calle Blanca de Navarra, one of the quietest and most elegant streets in the Almagro neighborhood, between Zurbano and Monte Esquinza, this home sits on the fourth floor of a graceful classic building dating from 1927. The building offers a concierge, an elevator, a service staircase and central heating, in the heart of Almagro’s so-called golden triangle.

The apartment measures 2,400 sq ft (223 m²) built, with 1,991 sq ft (185 m²) of usable space, and is entirely exterior-facing with a southern exposure. Two balconies and a bay window overlooking the street fill the rooms with natural light from early morning until late afternoon, with open views over the surrounding classic façades. Ceilings of 10.5 ft (3.20 m) bring a sense of space and proportion that is hard to find.

The property is currently offered as an open-plan shell to be renovated, which creates a rare opportunity: to design the home from scratch, tailored to each buyer. Its size and layout allow for three or four bedrooms, three full bathrooms and a guest powder room without forcing a single square foot. The proposed layout that accompanies the property includes a large living room and a separate dining room facing the street, a kitchen with breakfast area, a primary suite with walk-in closet and private bathroom, two further bedrooms with their own bathrooms and a guest powder room, plus a laundry room and service area. A high-end renovation is estimated at between €421,000 and €535,000 (excluding VAT), depending on the level of finishes.

Community fees are €500 per month, including central heating and concierge service, and property tax (IBI) is €1,464 per year. The building’s bylaws prohibit short-term tourist rentals, ensuring a calm, residential environment.

Almagro is one of Madrid’s most elegant and sought-after neighborhoods. Plaza de Alonso Martínez, Paseo de la Castellana and Calle Génova are just steps away, along with excellent dining, from Lúa on Eduardo Dato to Conlaya on Calle Zurbano and Las Tortillas de Gabino on Rafael Calvo. The Alonso Martínez and Rubén Darío metro stations are a few minutes’ walk away, and the Salamanca district, Chueca and the historic center are all within a pleasant stroll.

A home with everything that cannot be added later — the building, the ceiling height, the light and the location — ready to become an exceptional residence. Contact us to arrange a private viewing.

Energy certificate: consumption rating E (276 kWh/m² year), emissions rating E (58 kg CO₂/m² year).

Legal information (Art. 20.1 of the Spanish Consumer Protection Act, TRLDCU): The property price will be increased by the following amounts payable by the buyer:

• Taxes: Property Transfer Tax (ITP) of 6% on the higher of the sale price or the official cadastral reference value.

• Notary and Land Registry fees: estimated cost of €1,700 – €2,800 for the notary and €1,400 – €2,200 for the Land Registry (minimum legal information, not a binding quote).

• Financing: if bank financing is required, any additional costs must be agreed with the lender.

• Note: to calculate the final price, please contact us and we will issue a personalized offer based on your circumstances.