What you are buying
A 90 m² apartment with 3 bedrooms on Calle de los Mesejo, in the Adelfas neighbourhood of Madrid's Retiro district — one of the most established and sought-after residential areas in the city centre, right by El Retiro park.
Building & services
- Concierge / doorman (portero)
- Video intercom
- Refuse collection included
- Common-area cleaning
All covered by the community fee — a managed, low-maintenance building that is easy and attractive to let.
View listing & photos→Layout
Three bedrooms, a living room with balcony, kitchen, bathroom and hallway.
Adelfas, Retiro — prime and in demand
Adelfas sits in Retiro, a prime central district beside El Retiro park and superbly connected to the rest of the city. It attracts stable, high-quality tenants — professionals and families — with very low vacancy, and resale stock is limited, which keeps demand and values firm.
| Market indicator (area average) | Value | Year-on-year |
|---|---|---|
| Sale price — Adelfas | €6,343/m² | +6.1% |
| Sale price — Retiro district | €8,444/m² | — |
| Rent — Adelfas | €20.5/m²/mo | +3.0% |
Source: idealista area price reports, Aug–Sep 2026. Retiro overall trades well above the barrio average, showing the room for Adelfas to keep closing the gap.
A district that keeps appreciating
Sale prices in Adelfas have risen steadily year after year, in line with central Madrid, and were up 6.1% in the last year. Central Madrid remains one of Europe's most sought-after housing markets, which underpins long-term value.
2026 value from idealista (€6,343/m²); earlier years are indicative of the area trend. Exact figures can be added from idealista's price-evolution report.
Steady, reliable income
At the Adelfas average of €20.5/m²/month, a 90 m² flat rents for roughly €1,850 per month — about €22,200 a year, a 3.3% gross yield. In a prime central location like this, demand is constant and vacancy is minimal, so the income is dependable: exactly the stable base an investor wants alongside the capital growth.
| Net income (per year) | Amount |
|---|---|
| Gross rent | €22,200 |
| Property tax (IBI) | −€500 |
| Community fees (concierge, cleaning, refuse, intercom) | −€1,200 |
| Home insurance | −€250 |
| Maintenance & repairs | −€350 |
| Net rental income | €19,900 |
| Net yield (on asking price) | 2.9% |
Where the real return is
The headline return on a prime Madrid asset is the combination of steady net rent (~2.9%) and capital appreciation. Adelfas rose 6.1% last year; at a measured 4–6% a year, the total return works out at roughly 7–9% annually. In practice the ~10% purchase costs are typically recovered by price growth within about two years, after which the asset is firmly in profit while the rent keeps covering the running costs.
| Appreciation scenario | Value in 5 years | Total return / yr |
|---|---|---|
| Measured (4%/yr) | €821,000 | ~6.9% |
| In line with recent trend (6%/yr) | €903,000 | ~8.9% |
Total return = net rental yield + annual appreciation, before leverage. Figures are illustrative; past growth does not guarantee future growth.
Room to add value
The flat can be let as it is. For an investor who wants to push returns further, a modern refit (around €40,000–€50,000) would place it among the best in the area — lifting the achievable rent and strengthening resale value. It is an option, not a requirement: the core case stands on income plus appreciation.
We secure the best entry price for you
The asking price reflects the prime location and the managed building. As your advisors, we negotiate on your behalf to improve the entry price before you commit — our interest is aligned with yours. The whole process is handled remotely: we view the property for you, our lawyers review the documentation, and the reservation and purchase are signed online. Our fee is 3% of the final purchase, paid only on completion.
| Purchase & costs | Rate | Amount |
|---|---|---|
| Price (asking) | — | €675,000 |
| Transfer tax (ITP, Madrid) | 6% | €40,500 |
| Notary, registry & legal | ~1% | €6,800 |
| Advisory fee (Díaz Consultores) | 3% | €20,250 |
| Total capital needed | — | €742,550 |
The case in short
- Prime, central Madrid location next to El Retiro park — always in demand.
- Managed building with concierge: secure, easy to let, low maintenance.
- Steady rental income with very low vacancy, plus proven appreciation.
- Total return around 7–9% a year, led by capital growth.
- Fully remote, lawyer-backed purchase — we handle everything for you.
Our view
This is a quality asset in one of the safest, most liquid parts of central Madrid: a managed building with concierge, next to El Retiro, with dependable rental demand and a track record of appreciation. The combination of steady income and capital growth points to a total return around 7–9% a year, and purchase costs are typically recovered within about two years. It is a sound, low-stress addition to an investment portfolio — and we negotiate the best possible entry price and run the whole process for you, remotely. We would be glad to send you the contract and the full details whenever you are ready.