Flat for sale in Palacio, Madrid city, Madrid

This magnificent opportunity is presented right in the historic heart of Madrid, just a few minutes’ walk from the Royal Palace and Plaza de Isabel II, in one of the city’s most emblematic and sought-after areas.

The home has 79 m² (cataster records) and has been completely renovated and refurbished, combining contemporary design, functionality, and excellent use of space.

It features a welcoming living room, a bedroom with an en-suite bathroom, and a fully custom, made-to-measure kitchen, designed with floor-to-ceiling cabinets that maximize storage and functionality. The bedroom also has custom built-in wardrobes, adding elegance and practicality.

In the hallway, the floor-to-ceiling mirrors stand out, designed to create a greater sense of space and brightness throughout the home.

The property is sold fully furnished and equipped with new, high-quality furniture, making it a turnkey home—ready to move in or start generating income.

As this is an interior home, it offers exceptional peace and quiet, something very hard to find in the center of Madrid. In addition, its orientation and layout allow for a very pleasant temperature throughout the year, keeping it cool in summer and warm in winter, with reduced energy and maintenance costs.

The property also includes a community storage room and excellent transport connections, with the Ópera metro station and multiple bus lines just a few minutes away. Surrounded by restaurants, theaters, museums, supermarkets, and all the cultural and culinary offerings of Madrid’s historic center.

Ideal for both living year-round, as a second home, or as an investment in one of the city’s most in-demand and high-growth areas.

Currently, the home is rented under a temporary contract for 10 months, ending on July 30, giving the future owner enough time to find a new tenant and maximize returns. The current yield is already around 4.5%, with the potential for improvement in line with current market demand.