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Photo of New 3-bed apartment with terrace on Hispanoamérica in Hispanoamérica, Chamartín

New 3-bed apartment with terrace on Hispanoamérica in Hispanoamérica, Chamartín

Hispanoamérica, Chamartín
Bedrooms
3
Bathrooms
3
Built area
95 m²

Am I overpaying to live here

Priced within the range similar homes suggest.

Asking is €1,140,000, within the range similar homes nearby suggest. The range itself, and what it means for you, 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.

Listings that informed this estimate · Chamartín

The homes we compared it with.

We compared it with 23 homes on sale in Chamartín, each of 77–113 m². The middle half of them, priced at this flat’s 95 m², gives the fair range above. These are the eight closest in size.

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

1–4 of 91 of 9

Room to negotiate

Most sellers here don’t cut.

We watch every home in Chamartín until it stops being advertised, and record each price change on the way. Most leave at the price they started with.

93%kept their first price

The 18 homes that cut came down a typical 7.1%.

This home

advertised for 12 days, no price change yet

12 days · no cut

273homes left the marketin Chamartín, past 12 months
7%cut the price first18 of those 273
38 daystypical time advertisedhalf left sooner, half later

A home disappearing usually means it sold. It can also mean the owner gave up or changed agency, and some agencies never take listings down at all. We cannot tell those apart, so we will not show you a sale price we did not see.

The neighbourhood · Chamartín

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

This flat is in Hispanoamérica, a barrio (neighbourhood) of the Chamartín district. Each card compares Chamartín with Madrid city. Green means up, red means down, blue means little change.

Neighbourhood

€79,274household income a yeara year

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

Official district

People

Population
down 1.0% in a year
148,093
Average age
Madrid 44.2
45.2
Aged 65 or over
Madrid 20.7%
24.3%
Registered unemployment
Madrid 5.8%
4.1%
Years of income to buy
average-size home (102 m²) ÷ household income · Madrid 9.8
10.6 years

SaleChamartín · askingasking

€9,341per m²

Madrid, homes we track: €11,000

Price trend

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
€9,500/m²
Asking vs sold
Homes we track ask about 2% less than recorded sales in the same barrios.about 2% less, same barrios
−2%

Homes for sale now

Priced below our fair value
of 315 homes we can read
31%
Typical time advertised
since we first saw each one
133 days
Have cut their price
47 of 429
11%

RentChamartín · askingasking

€25.0per m² a month

Madrid, homes we track: €29.7

Rents declared for tax

In 2024
up 3.9% that year
€17.1 per m²

Homes to rent now

To rent now
homes we track
101
Typical rent
half ask less, half more
€2,850 a month
Typical time listed
since we first saw each one
139 days

Asking rents of the homes we track. Declared rents come from tax returns and run about two years behind.

No grade for mortgage defaults or squatting (okupación), on purpose. Spain publishes both only for the whole province, so a Chamartín 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 95 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 permission

    Okupas. Removing them goes through the courts and can take well over a year.

    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
  • Tourist lets in this district

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

    Partly restricted

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.

€1,140,000Within fair value