Frankly.
Classic elegance and excellent potential for renovation in a prestigious property
€4.225.000
3-bed apartment with terrace in Salamanca|Goya, Salamanca
3
bed
4
bath
258
At a glance:
Terrace · Lift · Parking · Needs renovation

In the heart of Salamanca, where nineteenth-century urban planning meets architectural distinction, stands this 1920 property. The building exemplifies the district's commitment to refined design, with careful attention to façade and proportion that speaks to its origins during Madrid's period of aristocratic expansion. The apartment spans 258 m² across an exterior-facing layout with lift access and a private terrace. The structure comprises three bedrooms and four bathrooms, offering substantial accommodation across multiple levels. The property requires renovation, presenting an opportunity to restore the original character of the period while introducing contemporary systems and finishes. The scale of the spaces and the number of service areas suggest a home designed for generous living, with the potential to reconfigure volumes according to contemporary needs.

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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