Apartment for sale in Estrella, Madrid city, Madrid

Apartment for sale in the La Estrella neighborhood, within the Retiro district (Madrid): 83 m² built, 3 bedrooms, 1 bathroom, and two balconies. Located on an entirely exterior-facing fourth floor, free of interior lightwells, and offered for comprehensive renovation. The building has the elevator installation already approved and fully paid for by the owners' association (comunidad), with works set to commence in the coming weeks.
An Exterior-Facing Residence with Natural Daylight All Day
Every room faces the street. Natural light pours in throughout the entire day, accompanied by cross-ventilation—a rare find for residences of this size in central Madrid. The two balconies are ideal for potted plants or enjoying a drink outdoors at the end of the day.
Renovate to Suit Your Lifestyle
As a property to renovate, you have the flexibility to tailor the floor plan to your personal living requirements. For instance, opening the kitchen into the living room, creating a second full bathroom, or setting up an exterior-facing home office. For investors, the square footage, layout, and prime setting allow for a renovation project with strong yield potential, both for rental income and capital appreciation.
Elevator: Approved, Paid For, and Imminent Construction
The building does not currently have an elevator, but the installation has already been approved at the owners' meeting and fully paid for by the community. The prospective buyer assumes no pending special assessments (derramas) for the elevator project and will enjoy an operating lift in short order.
The La Estrella Neighborhood: Sports, Schools, and Local Amenities
La Estrella is a tranquil, family-oriented residential quarter in the Retiro district, adjoining the Ibiza neighborhood and just a short distance from El Retiro Park.

Sports & Leisure: The Centro Deportivo Municipal Mundial 86 sports complex, renowned for its Olympic swimming facilities, and Real Canoe Natación Club, one of Madrid’s most storied athletic institutions. Parque de Roma and El Retiro are also nearby for jogging, cycling, and walks.
Education: One of Madrid’s richest clusters of public and private education, home to esteemed schools such as Colegio Montserrat, Colegio Los Olmos, and Colegio Nuestra Señora del Pilar.
Healthcare: Immediate proximity to Hospital de las Hermanas Hospitalarias, Hospital Infantil Universitario Niño Jesús, and Hospital General Universitario Gregorio Marañón.
Transit: Metro stations Estrella (Line 9) and Sainz de Baranda (Lines 6 and 9), alongside multiple urban bus routes. It offers immediate access to the M-30 ring road and swift links to the Salamanca district and Atocha station.
Daily Life: Local neighborhood markets, traditional food shops, and a diverse dining scene right outside your doorstep.

It is a highly coveted enclave for families with school-age children, professionals, and international buyers looking to live in central Madrid with an authentic neighborhood quality of life.
Can you imagine living here?