€2,400,000
45% above our fair value · Learn whyWhat the advert says
Am I overpaying to live here
Asking is €2,400,000, 45% 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 5 Oct 2026. How sellers negotiate in Moncloa →
Listings that informed this estimate · Moncloa
We compared it with 12 homes on sale in Moncloa, each of 196–287 m². The middle half of them, priced at this flat’s 245 m², gives the fair range above. These are the eight closest in size.
Asking prices, not sale prices · sorted by closest in size
This listingAbove market compared with similar homesClassic 3-bed apartment in classic building in Argüelles, Moncloa
245 m² · 3 beds · 3 baths
€9,796/m² per square metre
The home you are looking at
4-bed apartment with terrace in Moncloa
231 m² · 4 beds · 3 baths
€7,554/m² per square metre
20% over similar homes · Exterior · Has a terrace
At market compared with similar homes4-bed apartment with terrace in Puerta de Hierro, Moncloa
222 m² · 4 beds · 4 baths
€6,302/m² per square metre
About typical for similar homes · Has a terrace · Includes a garage space
At market compared with similar homesSpacious 4-bed apartment with terrace in Moncloa
222 m² · 4 beds · 3 baths
€6,302/m² per square metre
About typical for similar homes · Exterior · Has a terrace
At market compared with similar homes1-bed apartment with terrace in Argüelles, Moncloa
219 m² · 1 bed · 4 baths
€5,936/m² per square metre
6% under similar homes · Exterior · Has a terrace
Renovated 3-bed apartment with terrace in Argüelles, Moncloa
211 m² · 3 beds · 3 baths
€7,251/m² per square metre
15% over similar homes · Has a terrace · Includes a garage space
Below market compared with similar homes6-bed apartment with terrace in Moncloa
284 m² · 6 beds · 4 baths
€4,472/m² per square metre
29% under similar homes · Has a terrace · Includes a garage space
Below market compared with similar homes4-bed apartment with terrace in Puerta de Hierro, Moncloa
287 m² · 4 beds · 4 baths
€4,878/m² per square metre
23% under similar homes · Has a terrace · Includes a garage space
Above market compared with similar homes3-bed apartment with terrace in Puerta de Hierro, Moncloa
200 m² · 3 beds · 4 baths
€6,900/m² per square metre
9% over similar homes · Includes a garage space · 2nd floor, lift
The neighbourhood · Moncloa
This flat is in Argüelles, a barrio (neighbourhood) of the Moncloa district. 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.
€71,711a year
Household income · Madrid €49,916
Official district, including Aravaca
People
€7,726per m²
Madrid, homes we track: €10,973
Price trend
up 14.3%in a yearup 3.3%on the quarter
Official price index · all second-hand sales in the district
What homes here sold for
Homes for sale now
€25.0per m² a month
Madrid, homes we track: €30.5
What tenants pay on existing leases
Homes to rent now
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.
No grade for mortgage defaults or homes occupied without a lease (ocupación), on purpose. Spain publishes both only for the whole province, so a Moncloa grade would be invented precision.
The building itself
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.
What comes back
Things that would change the deal
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.
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.
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.
Being sold at auction
Subasta. You usually cannot view it first, and you may take on the previous owner’s debts on the property.
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.
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.
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.
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).
It tells you what to ask, what to budget, and what a fair number looks like. The verified agent can tell you the rest.
An independent buyer’s agent Frankly has verified. 30 minutes, free, no obligation. Paid by you, not by the seller.
How we got these numbers
Every figure in this section: what it measures, where it comes from, and what we did to it.
Attribution
Listing prices belong to the agencies that publish them. Frankly does not verify them.
How we got these numbers
We compared it with 12 homes on sale in Moncloa, each of 196–287 m². The middle half of them, priced at this flat’s 245 m², gives the fair range above. These are the eight closest in size. Every figure in this section: what it measures, where it comes from, and what we did to it.
Attribution
Listing prices belong to the agencies that publish them. Frankly does not verify them.
How we got these numbers
Every figure on this card: what it measures, where it comes from, and what we did to it. Figures cover the official district, which includes Aravaca.
Attribution
Elaboración propia con datos extraídos del sitio web del INE: www.ine.es, 2023. Licence CC BY 4.0.
Origen de los datos: Ayuntamiento de Madrid, 2025–2026. Licence CC BY 4.0.
Comunidad de Madrid, IPVCM, Q2 2026. Licence CC BY 4.0.
Source: Colegio de Registradores, via Ayuntamiento de Madrid statistics.
How we got these numbers
Every figure on this card: what it measures, where it comes from, and what we did to it.
Attribution
Comunidad de Madrid, IPVCM, Q2 2026. Licence CC BY 4.0.
Source: Colegio de Registradores, via Ayuntamiento de Madrid statistics.
Listing prices belong to the agencies that publish them. Frankly does not verify them.
How we got these numbers
Every figure on this card: what it measures, where it comes from, and what we did to it.
Attribution
Elaboración propia con datos extraídos del sitio web del INE: www.ine.es, 2024. Licence CC BY 4.0.
Source: Ministerio de Vivienda y Agenda Urbana, SERPAVI, 2011–2024 database (file last updated 9 July 2026); figures for 2024. Reused under the ministry’s terms, which require this citation.
Listing prices belong to the agencies that publish them. Frankly does not verify them.
How we got these numbers
Every figure in this section: what it measures, where it comes from, and what we did to it.
Attribution
Listing prices belong to the agencies that publish them. Frankly does not verify them.