Apartment To Renovate With 4 Balconies And High Ceilings In Moncloa

Exclusive exterior property located on the first floor of an elegant classic building with elevator, in one of the most sought-after areas of Moncloa-Argüelles, between the prestigious axes of Princesa and Ferraz.

The property retains all the charm of Madrid’s stately architecture, with ceilings of approximately 3 meters high and four exterior balconies, which provide a magnificent entry of natural light and enhance the unique character of the house.

Its excellent layout and spaciousness offer extraordinary renovation potential, allowing you to design a high-level home with 2 or 3 bedrooms, 2 full bathrooms (one of them en suite) and a large living-dining area with an integrated or independent kitchen, adapting to the needs of the future owner.

The images published correspond to a reform proposal, created to show the possibilities offered by the property after a comprehensive renovation.

As an added value, there is the possibility of acquiring the adjoining property, with similar characteristics, which would allow the development of a spectacular property of approximately 289 m² with 7 balconies overlooking the street, an exceptional option for both luxury residence and asset investment.

The location is one of its great attractions. In the heart of Moncloa-Argüelles, the house enjoys a consolidated environment with a wide range of shops, restaurants, schools, universities and all services. In addition, it is located a few minutes from the Parque del Oeste, the Temple of Debod and the Royal Palace, with excellent communications by metro, buses and quick access to the M-30.

Expenses:

IBI: 1.160 €/year
Community: 90 €/month
Storage room included in the price.
Optional garage space.
Possibility of acquiring a garage space located just 1 minute from the house for € 60,000, a differential value very difficult to find in this area.

A property with enormous potential for transformation, ideal for those looking to create an exclusive home in a classic building or make a high-value investment in one of the most sought-after and promising neighbourhoods in Madrid.