2,594 Sq Ft Residence To Renovate In Castellana With A Three Suite Design Project

At number 7 Calle López de Hoyos, just steps from Serrano and the Paseo de la Castellana, stands a classic 1920 building with partial heritage protection, a concierge, two elevators and a service staircase, with only two residences per floor. On its third floor is this 2,594 sq ft (241 m²) southeast-facing residence with street views (2,303 sq ft / 214 m² of living space), featuring 9.8 ft (3 m) ceilings and a long row of windows on both sides of the home.

The home is delivered as an open shell, ready to be transformed. It is rare to find a space of this size in the Castellana neighborhood free of partition walls and constraints, allowing you to design a home from scratch, tailored entirely to your lifestyle.

As a starting point, the property comes with a customizable transformation project, which includes the renderings accompanying this listing. The proposal creates a large living and dining room with a fireplace and a bar area at one end of the home; a separate kitchen with a central island and wood fronts; an entrance hall with a guest powder room and a laundry room; a TV room; and three bedrooms, each with its own bathroom. The primary bedroom, at the opposite end from the living room, adds a spacious dressing room and a bathroom with double basins. The proposed finishes combine natural wood floors, grey-veined marble, illuminated shelving and a warm palette of light tones. The renovation is estimated at around €456,000 plus VAT.

The building has a favorable technical inspection (ITE) and central heating.

Castellana is one of the most exclusive neighborhoods in the Salamanca district. Within walking distance are the Lázaro Galdiano Museum, the luxury boutiques of Calle Serrano and the Golden Mile, the ABC Serrano shopping center and the Paseo de la Castellana, with some of Madrid’s finest restaurants and hotels just minutes away. The Rubén Darío (line 5) and Gregorio Marañón (lines 7 and 10) metro stations are very close, and the airport is about 20 minutes by car.

A generously sized home in a stately building, with the freedom to turn it into exactly the home you are looking for. Contact us to arrange a private viewing and learn about the project in detail.

The interior design images are illustrative renderings of the proposed transformation project; the current condition of the property is shown in the photographs.

Energy certificate: in process.

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.