Frankly.
Exterior apartment to renovate with terrace and balconies in Castellana, Madrid.
€1.200.000
Corner 2-bed apartment with terrace on Castellana in Castellana, Salamanca
2
bed
2
bath
124
At a glance:
Terrace · Lift · Parking · Classic building · Needs renovation

On Castellana, one of Madrid's defining avenues, sits this 124 m² apartment within a period building with lift access. The residence occupies an exterior-facing position, offering multiple exposures and a terrace—rare amenities on this celebrated street. The layout accommodates two bedrooms and two bathrooms across a straightforward plan. Large windows and the terrace create a strong relationship with natural light and outdoor space. The property is presented in its current condition, awaiting renovation. This is an opportunity to shape a residence according to personal vision and contemporary standards, beginning from the architectural bones of a classical Madrid building.

Sold
This listing was marked sold by the agency on 11 September 2026. The property is no longer on the market.
Listings that informed this estimate · salamanca
THE NEIGHBORHOOD

Salamanca

Salamanca sets both Madrid's price ceiling and its social register. Developed in the 19th century by the Marqués de Salamanca as a deliberate enclave for the capital's aristocracy and new industrial wealth, the district still functions that way — embassies, private banks, the Spanish flagships of every European luxury house, and the quiet buildings where old-money families have lived for generations. The grid is rectilinear and deliberate: wide pavements, ten-meter cornice heights, yellow-flowering jacarandas lining the avenues in April. The built form is uneven up close — protected-façade classics on the main avenues, unremarkable 1960s–70s infill on the side streets, a growing share of gut-renovations marketed as "obra nueva" — but the address is the product, and buyers are paying for it.

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Nearby
🚇 Velázquez
4 min · Line 4
🚇 Serrano
5 min · Line 4
🚇 Núñez de Balboa
6 min · Line 5, 9
🏫 British Council School (El Viso infant annex)
2 km · British
🏫 Hastings School
3.5 km · British / IB
🏛️ Mercado de la Paz