Frankly.
Photo of Renovated 5-bed apartment with terrace in Almagro, Chamberí

€5,790,000

32% above our fair value · Learn why

Renovated 5-bed apartment with terrace in Almagro, Chamberí

Almagro
View the listing on Spain Sotheby's International Realty (opens in a new tab)
Bedrooms
5
Bathrooms
6
Built area
365 m²

What the advert says

  • Terrace
  • Lift
  • New or renovated
  • Garage space
  • Period building

Is this price fair

Priced above what homes like it suggest.

Asking is €5,790,000, 32% above what similar homes nearby suggest. The range they point to, and what the gap costs you each month, open with a free account.

See the fair range and the three checks

Free with an account. You get the range similar homes point to, what the gap would cost you each month, and where every number comes from.

No price change since we first saw it on 28 Sep 2026. How sellers negotiate in Almagro →

Listings that informed this estimate · Almagro

The homes we compared it with.

We compared it with 28 homes on sale in Almagro, each of 293–430 m². The middle half of them, priced at this flat’s 365 m², gives the fair range above. These are the eight closest in size.

Asking prices, not sale prices · sorted by closest in size

Renovated 5-bed apartment with terrace in Almagro, ChamberíThis listing€15,863/m²

Renovated 5-bed apartment with terrace in Almagro, Chamberí

365 m² · 5 beds · 6 baths

€5,790,00032% over

The home you are looking at

4-bed apartment with terrace in Almagro, Chamberí€9,632/m²

4-bed apartment with terrace in Almagro, Chamberí

353 m² · 4 beds · 3 baths

€3,400,00020% under

Exterior · Ground floor

Spacious 5-bed apartment with terrace in Almagro, Chamberí€9,458/m²

Spacious 5-bed apartment with terrace in Almagro, Chamberí

378 m² · 5 beds · 1 bath

€3,575,00021% under

Exterior · Ground floor

Renovated 3-bed apartment with terrace in Almagro, Chamberí€10,185/m²

Renovated 3-bed apartment with terrace in Almagro, Chamberí

378 m² · 3 beds · 4 baths

€3,850,00015% under

1st floor

Reformed 4-bed apartment in classic building in Almagro, Chamberí€16,374/m²

Reformed 4-bed apartment in classic building in Almagro, Chamberí

342 m² · 4 beds · 5 baths

€5,600,00037% over

Exterior · 4th floor, lift

Spacious 3-bed apartment with terrace in Almagro, Chamberí€14,255/m²

Spacious 3-bed apartment with terrace in Almagro, Chamberí

329 m² · 3 beds · 4 baths

€4,690,00019% over

Ground floor

Spacious 3-bed apartment with terrace in Almagro, Chamberí€14,255/m²

Spacious 3-bed apartment with terrace in Almagro, Chamberí

329 m² · 3 beds · 4 baths

€4,690,00019% over

Ground floor

Classical 4-bed apartment with terrace in Almagro, Chamberí€11,786/m²

Classical 4-bed apartment with terrace in Almagro, Chamberí

322 m² · 4 beds · 4 baths

€3,795,0002% under

1st floor, lift

Spacious 3-bed apartment in classic building in Almagro, Chamberí€10,248/m²

Spacious 3-bed apartment in classic building in Almagro, Chamberí

322 m² · 3 beds · 3 baths

€3,300,00014% under

Needs a full renovation · Exterior

If you rented it out as someone’s home

Two different things get called rent in Spain.

Everything here is long-term residential rent: a lease for someone’s home, never a tourist or short-stay let. Asking rent is what landlords advertise today. Rent on existing leases is what tenants pay, as recorded in tax returns, and it reaches the statistics about two years later. It runs lower; the yield here is on asking.

The rental numbers come with the search pass.

Asking rent, yield, running costs and the five-year view for this home.

The market over time

How this home’s market has moved

Almagro, from official records. A ring marks where this home’s asking price sits. None of these lines is a forecast.

This price against Almagro’s history

€15,863per m², this home’s asking price

Almagro’s registered sales averaged €10,762 per m² in 2025, about €11,900 brought forward to this quarter. The ring is this home’s asking price, not a sale. Past rises aren’t assumed in the five-year figures above.

2025Almagro€10,762Chamberí€8,230This home, asking€15,863

This price against Almagro’s history
YearAlmagroChamberí
TodayThis home, asking €15,863
2025€10,762€8,230
2024€9,275€7,095
2023€8,157€6,691
2022€7,534€6,159
2021€7,282€5,646
2020€6,788€5,472
2019€6,367€5,551
2018€6,255€5,170
2017€5,197€4,412
2016€4,695€3,838

Gross yield on long-term rents, over time

2.5%gross yield in Almagro, 2024

down 1.0 pointssince 2016

Rents on existing long-term leases (flats only), over the prices of second-hand homes sold that year. Gross, before costs.

2024Almagro2.5%Chamberí3.1%

Gross yield on long-term rents, over time
YearAlmagroChamberí
20242.5%3.1%
20232.7%3.2%
20222.7%3.3%
20212.8%3.4%
20203.0%3.5%
20193.0%3.4%
20182.9%3.4%
20173.4%3.7%
20163.5%4.1%

Homes sold each year in Almagro

298homes sold in 2025

down 2.0%in a year

Registered sales, second-hand and new. 141 of them were new-build. Almagro is 15.9% of Chamberí’s sales.

2025Homes sold298Share of Chamberí15.9%

Homes sold each year in Almagro
YearSoldOf Chamberí
202529815.9%
202430416.0%
202331016.8%
202229714.4%
202128014.7%
202015713.6%
201924514.5%
201825313.1%
201729113.8%
201625413.8%
Our estimate

What tenants pay on existing leases in Almagro

€19.40per m² a month

up 5.7%in a year

Our estimate for Almagro, built from the rents declared in its census sections (small areas the statistics office uses). Not a published figure. Chamberí’s published median for comparison.

2024Almagro, our estimate€19.40Chamberí€18.55

What tenants pay on existing leases in Almagro
YearAlmagro, our estimateChamberí
2024€19.40€18.55
2023€18.37€17.58
2022€17.24€16.80
2021€16.72€16.05
2020€16.69€15.91
2019€15.91€15.79
2018€15.00€14.43
2017€14.63€13.67
2016€13.87€13.16
2015€13.37€12.75
2014€13.13€12.50
2013€13.05€12.61
2012€13.36€13.10
2011€13.92€13.23

Who buys in this district

Who buys here, and how.

Spain’s land registry publishes who completes purchases, by district: where buyers come from, and whether they buy through a company. Names are never included.

BuyersAlmagro district

Who buys in Almagro: official figures are on their way.

Coming

  • Buyers from outside Spain
  • Buying through a company
  • How long owners keep a home

Nothing here is estimated. Each figure appears once it is loaded from its source and checked. Buyer figures are published for the whole district, never for a single street or home.

The neighbourhood · Almagro

Almagro: who lives here, what homes sell for, what they rent for.

The people who live here, what homes sell for and what rent costs, each set against Madrid city. Green means up, red means down, blue means little change.

Neighbourhood

€86,668household income a yeara year

Madrid €49,916Household income · Madrid €49,916

Official barrio

People

Population
down 3.2% in a year
19,404
Average age
Madrid 44.2
46.7
Aged 65 or over
Madrid 20.7%
26.2%
Registered unemployment
Madrid 5.8%
3.0%
Years of income to buy
average-size home (130 m²) ÷ household income · Madrid 9.7
17.8 years

SaleAlmagro · askingasking

€13,158per m²

Madrid, homes we track: €11,091

Price trend

up 10.6%in a yearup 3.9%on the quarter

Official price index · all second-hand sales in the district · Chamberí figure

What homes here sold for

Homes here sold for about
registered sales in the barrios where the homes we track are, brought up to this quartersame barrios as the homes we track
€11,900/m²
Asking vs sold
Homes we track ask about 11% more than recorded sales in the same barrios.about 11% more, same barrios
+11%

Homes for sale now

Priced below our fair value
of 277 homes we can read
33%
Typical time advertised
since we first saw each one
141 days
Have cut their price
59 of 349
17%
Homes for sale in Almagro

RentAlmagro · askingasking

€31.7per m² a month

Madrid, homes we track: €30.6

What tenants pay on existing leases

In 2024 · our estimate
up 4.1% that year
€19.4 per m²

Homes to rent now

To rent now
homes we track
64
Typical asking rent
half ask less, half more
€4,150 a month
Typical time listed
since we first saw each one
89 days

Asking rents are for homes advertised today. What tenants pay on existing leases comes from tax returns, runs about two years behind and is usually lower.

Homes to rent in Almagro

No grade for mortgage defaults or homes occupied without a lease (ocupación), on purpose. Spain publishes both only for the whole province, so an Almagro grade would be invented precision.

The building itself

What the advert says about the building, and how to check it.

Spain’s land registry (the Catastro) records every building’s size, age and use. The first two figures are the agency’s; pull the building’s own record below to check them.

—the year it was builtnot stated in the listing
—with a liftnot stated in the listing

Get the building’s Catastro record

Type the street address from the viewing, or the 20-character cadastral reference from the IBI bill. We look it up in the Catastro and set it against the advert. Free.

Free with an account. You’ll come straight back here after signing in.

Get the building’s Catastro record

No address yet? Frankly’s verified agent or the agency can give it to you after a viewing.

What comes back

Built areathe Catastro’s figure, against the advert’s 365 m²
—
Year built
—
Useresidential, office, shop…
—
Homes in the buildingand other units
—
This homefloor and door
—
Cadastral reference20 characters
—

Things that would change the deal

Spanish situations that catch foreign buyers out.

None of these are unusual in Spain, and none of them are visible in a photo. Each one changes what you are actually buying.

  • Sold with a tenant already in it

    Vendido con inquilino. You inherit their contract — in Spain that can run five more years at the rent they already pay.

    Ask the agency

  • You buy it, the seller keeps living in it

    Nuda propiedad, literally “bare ownership”. You own the home but cannot use or let it until the seller dies. Prices look like a bargain for this reason.

    Ask the agency

  • Someone is living there without a lease

    Vivienda ocupada. Resolving it goes through the courts and can take more than a year. Ask the agency whether the home is empty.

    Ask the agency

  • Being sold at auction

    Subasta. You usually cannot view it first, and you may take on the previous owner’s debts on the property.

    Ask the agency

  • No first-occupancy licence

    Sin licencia de primera ocupación. The building cannot legally be lived in yet, which also means most banks will not lend on it.

    Ask the agency

  • A big repair bill on the way

    Derrama (a one-off levy the building charges owners for big repairs, such as a new lift or facade). Ask for the last three years of owners’ meeting minutes (actas de la comunidad) to see what has been agreed.

    Ask the agency

  • Tourist lets in this district

    Vivienda de uso turístico (a licensed tourist flat). The city’s Plan Especial de Hospedaje restricts new ones in this district.

    Restricted here

We do not yet read listings for these. Ask the agency before you offer; your lawyer confirms each one in the nota simple (the land-registry extract).

None of this tells you whether to buy it.

It tells you what to ask, what to budget, and what a fair number looks like. The verified agent can tell you the rest.

Contact the listing agency

An independent buyer’s agent Frankly has verified. 30 minutes, free, no obligation. Paid by you, not by the seller.

€5,790,00032% above fair value