Chamartín · Madrid
Rental yield in Nueva España
Nueva España is an expensive area for Madrid, with a low rental yield and a Total Return below the city average. Here is what a typical flat in Nueva España costs to buy and rent, and the Total Return (IRR) it delivers, compared with Chamartín and the rest of Madrid.
Sale price
8,198
€/m² · second-hand homes
Rent
22.1
€/m² per month · market rate
Gross yield
3.2%
annual rent ÷ price
Total Return
7.0%
10-year IRR · typical flat
Appreciation
+5.2%
a year, 10-15 year history
Cash flow
-€966
per month, year 1, after tax
What the data says
Nueva España is a neighbourhood in the Chamartín district of Madrid. The reference sale price is €8,198/m², based on the 2025 registry statistics (Madrid City Council): 71% above the Madrid median (€4,808/m²) and 6% above its district median (€7,718/m²). It ranks 11 of 130 neighbourhoods in Madrid by price and 2 of 6 within Chamartín.
The achievable market rent is around €22.1/m² per month (the neighbourhood's own figure; idealista asking rents adjusted to achievable rent): about €1,525 a month for a typical 69 m² flat, with no legal cap. The gross yield (annual rent ÷ price) comes to 3.2%, 1.5 points below the city median (4.7%): rank 120 of 130 by gross yield.
With a 70% mortgage at 3.80% over 25 years and a sale after 10 years, the estimated Total Return (IRR) for that typical flat is 7.0%, below the Madrid median (9.8%). It takes about €206,287 of cash (deposit, taxes and costs), and first-year cash flow after tax is -€966 a month.
Asking prices in the Chamartín district have grown by an average of 5.2% a year over the last 10 and 15 years (idealista, December 2025). Historical, not a forecast: it is the appreciation the modelled sale assumes.
A typical flat in Nueva España
The same standard assumptions as the CasaROI map: change the mortgage, term or tax profile in your account and the Total Return is recalculated for your case.
- Size
- 69 m²
- Purchase price
- €565,662
- Monthly rent
- €1,525
- Cash needed · deposit + transfer tax + costs
- €206,287
- Monthly cash flow (year 1)
- -€966
- Total Return (IRR)
- 7.0%
Assumptions: 70% mortgage over 25 years at 3.80%, sale after 10 years, Spanish tax resident at a 37% marginal rate, no renovation.
Neighbourhoods in Chamartín, ranked by gross yield
| Area | €/m² | Rent €/m² | Gross | IRR |
|---|---|---|---|---|
| Prosperidad | 6,382 | 21.8 | 4.1% | 8.4% |
| Castilla | 5,889 | 19.6 | 4.0% | 8.2% |
| Ciudad Jardín | 7,559 | 22.8 | 3.6% | 7.6% |
| Hispanoamérica | 7,877 | 22.8 | 3.5% | 7.4% |
| Nueva España | 8,198 | 22.1 | 3.2% | 7.0% |
| El Viso | 9,382 | 24.3 | 3.1% | 6.8% |
Frequently asked questions
How much does a square metre cost in Nueva España?
€8,198/m² on average, based on the 2025 registry statistics (Madrid City Council). A typical 69 m² flat costs about €565,662, 71% above the Madrid median.
How much is rent in Nueva España?
Around €22.1/m² per month at market rates: €1,525 a month for a 69 m² flat, with no legal cap.
Is Nueva España a good buy-to-let investment?
The gross yield is 3.2% (Madrid median: 4.7%). With a 70% mortgage and a sale after 10 years, the estimated Total Return (IRR) is 7.0% against a city median of 9.8%. It depends on your financing and tax residency: with your own profile the number can change.
Is Nueva España in a stressed rental zone?
No. Madrid is not a declared stressed rental zone: rents are set by the market, with no legal cap.
Buying in Nueva España?
Paste the listing and we tell you whether it holds up at that price: legal rent, taxes, red flags and a verdict.
Sources and method
- Sale: Estadística Registral · Ayuntamiento de Madrid (precio declarado, neighbourhood) · MITMA city anchor 4212 €/m² (2024)
- Rent: idealista · neighbourhood rent adjusted to achievable rent (×0,95)
- Appreciation: average of the 10- and 15-year rates of the area's asking price — historical, not a forecast