Checking the original advert…

For sale Building

Tetuán · Madrid · Madrid

Reformable Tetuán building, 16 bedrooms

€2,800,000 5,957 €/m²

Complete four-storey residential building in Tetuán with 470 m² built area, 16 bedrooms and 9 bathrooms. Vacant, with stated refurbishment, resale, coliving and rental options.

On Inmoblia since 19 August 2026 · Published by Redpiso Vallecas-peña Prieta

The property

Specifications

What the advert says about the property: floor area, layout, condition and registry details.

Type: Building
Built area: 470 m²
Usable area: 440 m²
Bedrooms: 16
Bathrooms: 9
Terrace: 111 m²
Floors in the property: 4
Year built: 1925
Condition: Needs renovation
Occupancy: Vacant
Aspect: Exterior
Energy certificate: E
Orientation: West

Fittings

Fittings and extras

What the property comes with and how much each item weighs in the “Property data” sub-score.

Lift
Heating
Air conditioning
Furnished
Exterior-facing
Terrace 111 m²

The advert also mentions:

Security door
Alarm system
Pets permitted
Interior patio
Walkable rooftop
26 m² porter apartment legally and registry integrated on first floor
Four residential units
Equipped kitchen
Parquet flooring
Accessibility for reduced mobility
Hot and cold air conditioning
Individual heating

Free text we could not normalise into a comparable attribute, so it does not score.

The verdict

What the analysis sees

The specific signals the model finds in this property and its municipality, before going into the score in detail.

In favour

Ready to move intoFree of tenants: available to let from day one.

Against

No notable risks in the available data.

Municipal momentum

Where the local market is heading.

Rent price index

INE · 2011 base = 100 · yearly

+3.6% interanual

Housing transactions

MIVAU · deals per year

−7.1% interanual

These series describe the municipality's housing market; for this asset they are context for the area, not for its own segment.

Investment guide for Madrid

Municipal demand

The structural depth of demand in the area.

+1.3%Rent trajectory

0 = flat average annual growth of the municipal rent index (INE)

5%Unemployment rate (approx.)

median 10% unemployed over unemployed + social security contributors (a proxy comparable across municipalities)

+21.1‰Net migration

median 11.9‰ arrivals minus departures from abroad per 1,000 residents · a growing population sustains demand

Registered unemployment

SEPE · yearly average

−1.5% interanual

Average gross income

AEAT · annual tax return

+1.6% interanual

Registered population

INE · yearly population register

0.0% interanual

Net international migration

INE · immigration − emigration · yearly

−28.8% interanual

Recorded offences

Ministry of the Interior · cumulative

+77.7% interanual

Recorded offences (municipalities over 20,000 residents only, from 2024) are territorial context: they do not label an area “safe” or “unsafe”, nor do they measure tenant risk.

Comparables

Similar properties nearby

Real references of the same municipality and type, to cross-check rent and price. They are not necessarily active offers.

They sell for…

Comparable sales in Madrid, including those already sold.

This is a shortlisting pass over the advert's data, not a due diligence report. Before deciding, check the points we cannot verify from here:

The real service charge and, above all, whether any special levies are approved or pending: they appear in the minutes of the last owners' meetings.
The property's actual IBI: our figure is an estimate from the municipality's cadastral values, not the specific bill.
Charges, mortgages, seizures or easements in the Land Registry extract.