Apartment to renovate in Retiro (Madrid)

Ketier presents this magnificent exterior apartment for renovation with a balcony and views of El Retiro Park. Some properties are explained with facts, and others are understood through feelings. This one clearly belongs to the latter group.

Located just 200 meters from the O’Donnell Gate, in one of the most desirable and established areas of the Retiro district, this apartment is situated on the fifth floor of a building with an elevator, a key advantage in this area where many available properties are located on lower floors. Here, light, air, and perspective are immediately apparent.

With 95 m² of built area, this apartment offers an excellent foundation for those looking to renovate and move into a brand new home, creating a completely personalized space tailored to their lifestyle. Currently, it features two bedrooms and two full bathrooms, both with walk-in showers, but its true potential lies in its potential.

Every room in the house, including the bathrooms, has a window. This unusual feature provides multiple orientations, natural light for much of the day, and the benefits of cross-ventilation, significantly improving thermal comfort and indoor air quality.

The living room, like the bedrooms, is organized around a load-bearing wall which, far from being a limitation, represents a magnificent architectural opportunity. This element allows for a rich and distinctive layout: visually separating the living area from a dining room, creating a library, a workspace, or even transforming the wall into a defining feature that structures the home and gives it identity. An interesting challenge for a skilled architect, capable of transforming a conventional house into a unique and distinctive space.

The property is almost entirely in its original state, with the exception of one bathroom, which has already been renovated in a modern style. This allows for a complete renovation without constraints, enabling the selection of materials, finishes, and technical solutions from scratch. The goal is to transform this classic apartment, located in a 1930s building, into a contemporary, functional space perfectly suited to modern needs. Here, there are no inherited decisions, as everything is a fresh start.

Regarding amenities and services, the apartment has central heating, with no individual meter, included in the community fees, providing comfort and predictable expenses. Hot water is supplied by gas, with a practically new boiler, just a year old. The building also has an elevator and a morning concierge service, a valuable addition to daily life.

As an additional detail, with the purchase of the house you also acquire the proportional part of the former caretaker’s house, a complementary asset that adds value to the whole.

The building has all the necessary actions for a favorable Technical Building Inspection already carried out, only its official publication is pending, which provides peace of mind and security in the medium and long term.

It’s important to note that possession isn’t immediate. The deed and handover of the property will take place after a few months. If you’re looking for a purchase with immediate access, this isn’t the right option. However, for those who aren’t in a hurry and value an exceptional location, a prime floor, and a promising development, this could be an opportunity.

The setting is simply unbeatable. Retiro is one of Madrid’s most sought-after and prestigious neighborhoods, and for good reason. The park is just a two-minute walk from the building entrance. Public transport is excellent, with the metro and numerous bus lines nearby. The range of shops, cultural attractions, restaurants, and services is extensive and varied, allowing for a complete urban lifestyle without needing a car.

Location

The setting is simply unbeatable. Retiro is one of Madrid’s most sought-after and prestigious neighborhoods, and for good reason. The park is just a two-minute walk from the building entrance. Public transport is excellent, with the metro and numerous bus lines nearby. The range of shops, cultural attractions, restaurants, and services is extensive and varied, allowing for a complete urban lifestyle without needing a car.

Living in the Retiro neighborhood means enjoying one of the most valued and difficult combinations to replicate in Madrid: nature, centrality and quality urban life.

The district takes its name from the iconic Retiro Park, the city’s great green lung and one of Madrid’s most beloved public spaces. Having it just minutes from home is not only an aesthetic privilege, but also a genuine improvement in lifestyle: daily walks, outdoor sports, culture, relaxation, and a sense of spaciousness rarely found in the city center.

Retiro is a well-established, elegant, and residential neighborhood, characterized by classic early and mid-20th-century buildings, quiet streets, and a carefully curated atmosphere that attracts families, professionals, and buyers with a focus on heritage properties. Here, there are no flashy trends or fleeting fads: it’s an area that maintains its value over time.

The range of services and shops is comprehensive and of high quality. Traditional markets, local shops, supermarkets, medical centers, schools, and a carefully curated selection of restaurants and cafes coexist seamlessly, allowing for comfortable living without the need for long commutes. Everything is close by, everything works.

Transport links are another of the neighborhood’s major strengths. Several metro lines and numerous bus connections allow for quick travel to any point in the city, while its proximity to main thoroughfares also facilitates access to other areas of Madrid.

From a real estate perspective, Retiro is one of the most sought-after and expensive neighborhoods in the capital. The scarcity of available properties, the quality of the construction, and the constant presence of parks and gardens make homes in this area especially valuable, both for residential use and for long-term investment.

Retiro is more than just a location; it’s a way of experiencing Madrid from a privileged vantage point, where the urban rhythm is balanced by greenery, history, and tranquility. It’s a neighborhood for those seeking quality of life, centrality, and stability, without sacrificing anything.

Discover a home with a prime location, high ceilings, abundant natural light, and enormous transformation potential. An apartment for those who aren’t looking for something ready-made, but rather something of their own. A true urban gem for those who can look beyond the current state and understand what it can become. An exceptional blank canvas in one of Madrid’s most desirable locations. Contact us and discover its full transformation potential during a private visit.