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4 bedrooms apartment for sale in Madrid, Madrid, Spain

1 290 000€

Madrid, Madrid

Features

  • General
  • Refurbished
  • 4 bedrooms
  • 3 bathrooms
  • Terraces
  • Exterior
  • Own Garage
  • Areas
  • Built: 200 m²
  • Equipment
  • Installation of Air Conditioning
  • Central Heating
  • Alarm
  • Gardens
  • Swimming-pool

Property description

Buyer's Perspective: This property is a wonderful find! The apartment is located in a secure and serene development in Aravaca, which is just a stone's throw away from the city center and major schools. The location is fantastic, especially for families with kids. The property boasts a beautifully maintained garden that opens up to the spacious living room and kitchen area, offering plenty of natural light during the day. The three bedrooms are a perfect size with each having access to the garden and two sharing a bathroom. The master bedroom features a large walk-in closet and a private bathroom with a bathtub. All rooms have underfloor heating which is a great feature, especially during the colder months. The property also comes with its own parking spaces, storage room, and ducted air conditioning. The recent renovation is of high quality, with luxurious finishes and materials that make it a lovely place to live in. For a real estate investment, this property is an excellent choice due to its low age, well-maintained condition, and desirable location. Renting out a property like this could attract high-end tenants willing to pay a premium price for the location and amenities offered. The development also has a communal pool and other shared areas which is a big selling point. Additionally, the area is growing in popularity due to its proximity to the city center, public transportation links, and available shopping options. With the average rent for a 176m² apartment in the area being around 850€ per month, this property could generate a rental income of around 1,500€-1,700€ per month, placing a strong potential yield of 12-13%. However, considering the capital gain potential in this area, it could be an even better long-term investment. As a lifestyle purchase, this property offers an excellent balance between quality, location, and price. Although the price per square meter is on the higher side at 730€/m², it is still considered competitive for similar properties in the area. The layout of the property is spacious and perfect for a growing family, with ample room for furnishings and decorations. The beautiful garden is a huge selling point, providing an outdoor space for relaxation and entertainment. The security features of the development, including 24-hour security and gated access, give peace of mind to residents. Overall, I would rate this property as a 9/10 in terms of lifestyle appeal and 8.5/10 as a real estate investment based on its growth potential and rental yield potential.

Location

Madrid, Madrid

Date added: 24.07.2024

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