If you are looking for a home in Madrid or if you are a real estate investor: - It is a penthouse with a terrace in a prime, high-demand area of Madrid. - Furnished and equipped with installed and operational appliances. - The apartment is currently rented with a monthly rent of €2,400. - The lease expires in July 2025.
The company managing the apartment is [hidden informa
If you are looking for a home in Madrid or if you are a real estate investor: - It is a penthouse with a terrace in a prime, high-demand area of Madrid. - Furnished and equipped with installed and operational appliances. - The apartment is currently rented with a monthly rent of €2,400. - The lease expires in July 2025.
The company managing the apartment is [hidden information] [hidden information]
If you are a buyer looking for a primary residence, the penthouse is located in the best area of Retiro, just minutes from Parque del Buen Retiro.
The property’s yield before expenses is (2,400 x 12) / 1,000,000 = 2.9%.
Basic description of the apartment: It is an exterior penthouse of 84m2 plus a 20m2 sunny terrace, being on the top floor with a south-facing orientation and no neighbors directly opposite on the same level. It is one of the few apartments in Madrid with a fireplace and one of the few penthouses with a terrace that includes an outdoor shower. Being on the top corner floor, there is no noise from neighbors and it offers almost total privacy, with no neighbors able to overlook your private life.
Additionally: - It has a living room with all essential elements such as a sofa, coffee table, and TV. - It features an open-plan kitchen fully equipped with a ceramic hob, oven, dishwasher, microwave, and washing machine. - The master bedroom is very bright, with a double storage bed (canapé), built-in wardrobe, and direct access to the terrace. - The main bathroom is very large, with a glass screen and shower tray. - The secondary bedroom is bright but without direct sunlight, with a double storage bed (canapé) for extra storage. - The secondary bathroom is small, does not require heating, and has a glass screen and shower tray.
Area details: It is well connected to the M30, M40, Airport, the best schools in Madrid, and less than 100 meters from 3 hospitals and El Corte Inglés in Goya. It is the area with the best social life in Madrid, close to Florida Park, several of Madrid’s best restaurants, wine bars, etc. You can walk to the Prado Museum, Thyssen Museum, Puerta de Alcalá, La Cibeles, and even Puerta del Sol.
Price trends in Retiro have been rising since 2014, increasing from €3,069/m2 in December to €5,900/m2 in 2025. This represents about a 10% annual appreciation. Please verify these figures on Idealista. Obviously, south-facing apartments with terraces and renovations have much higher average prices.
You can also contact DFLAT Madrid for managing this asset or your other properties.