Flat in Madrid, Centro - Malasaña, for sale

Description

This unique exterior property is located in Malasaña, one of the most iconic, creative and sought-after neighbourhoods in central Madrid.

It stands out for its highly versatile and uncommon layout: an apartment divided into two independent units, ideal both as a primary residence and as a smart investment with strong rental demand.

Situated on a third-floor exterior level, the property offers 103 built square metres, high ceilings and an excellent flow of natural light, creating a spacious and comfortable living environment throughout.

The main unit is an exterior apartment of approximately 70 m², designed for comfort and functionality. It currently features one bedroom, with a real possibility of creating a second bedroom thanks to a large walk-in wardrobe that allows for flexible reconfiguration. This apartment benefits from two exterior balconies, flooding the space with natural light, enhancing ventilation and connecting directly with Malasaña’s vibrant urban atmosphere.

The second unit is an interior studio of approximately 30 m², fully independent and equipped with a separate kitchen, making it ideal for rental use, a professional office, guest accommodation or a dedicated workspace. This layout allows for an optimal balance between privacy, functionality and profitability.

One of the property’s key highlights is its financial potential: the opportunity to live in the main apartment while partially or fully covering the mortgage by renting out the studio, a highly attractive option in central areas with constant rental demand.

The property includes two bedrooms and two bathrooms, enhancing its versatility for both private use and independent operation of each unit. It also features air conditioning, ensuring year-round comfort.

The building is in good overall condition and currently does not have a lift; however, there is a lift installation project pending approval by the owners’ association, representing a significant medium-term value increase. Additionally, there is the possibility of acquiring a storage room in an upcoming allocation.

With a west-facing orientation, the property enjoys pleasant afternoon sunlight, adding warmth to the main living spaces.

Living in Malasaña means enjoying one of Madrid’s most distinctive neighbourhoods, known for its historic streets, independent boutiques, art galleries, designer cafés, renowned restaurants and vibrant cultural scene, all perfectly connected by public transport.

A truly unique opportunity for those seeking character, flexibility and long-term value in one of Madrid’s most authentic and dynamic areas.

Details

• Type: Flat
• Transaction: For sale
• Province: Madrid
• Town: Madrid
• Area: Centro - Malasaña
• Bedrooms: 2
• Bathrooms: 2
• Constructed area: 103 m²
• Type of property: Re-sale
• Energy certification (consumo): E
• Energy certification (emisiones): E

Extras

• Floor: 3º
• Exterior: Yes
• Built Year: 1880
• Kitchen: American - Equipped
• Orientation: West
• Heating Type: Electrical - Individual
• Water heater: Electric - Individual
• Property floor: Normal stage
• Furnished: Yes
• Air Conditioning: Yes
• Fitted wardrobes: Yes
• Double glazing: Yes
• Stories: 4
• Flat per storey: 3
• Building condition: Good condition
• Windows: PVC
• Windows type: Tilt and turn

Description

This unique exterior property is located in Malasaña, one of the most iconic, creative and sought-after neighbourhoods in central Madrid.

It stands out for its highly versatile and uncommon layout: an apartment divided into two independent units, ideal both as a primary residence and as a smart investment with strong rental demand.

Situated on a third-floor exterior level, the property offers 103 built square metres, high ceilings and an excellent flow of natural light, creating a spacious and comfortable living environment throughout.

The main unit is an exterior apartment of approximately 70 m², designed for comfort and functionality. It currently features one bedroom, with a real possibility of creating a second bedroom thanks to a large walk-in wardrobe that allows for flexible reconfiguration. This apartment benefits from two exterior balconies, flooding the space with natural light, enhancing ventilation and connecting directly with Malasaña’s vibrant urban atmosphere.

The second unit is an interior studio of approximately 30 m², fully independent and equipped with a separate kitchen, making it ideal for rental use, a professional office, guest accommodation or a dedicated workspace. This layout allows for an optimal balance between privacy, functionality and profitability.

One of the property’s key highlights is its financial potential: the opportunity to live in the main apartment while partially or fully covering the mortgage by renting out the studio, a highly attractive option in central areas with constant rental demand.

The property includes two bedrooms and two bathrooms, enhancing its versatility for both private use and independent operation of each unit. It also features air conditioning, ensuring year-round comfort.

The building is in good overall condition and currently does not have a lift; however, there is a lift installation project pending approval by the owners’ association, representing a significant medium-term value increase. Additionally, there is the possibility of acquiring a storage room in an upcoming allocation.

With a west-facing orientation, the property enjoys pleasant afternoon sunlight, adding warmth to the main living spaces.

Living in Malasaña means enjoying one of Madrid’s most distinctive neighbourhoods, known for its historic streets, independent boutiques, art galleries, designer cafés, renowned restaurants and vibrant cultural scene, all perfectly connected by public transport.

A truly unique opportunity for those seeking character, flexibility and long-term value in one of Madrid’s most authentic and dynamic areas.