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3 bed flat
Marine Cottage, Barmouth LL42
£188,000
Marine Cottage, Barmouth LL42
£188,000
Our Summary
- Originally a single large house, 1,2 & 3 Marine Cottages consist of two self-contained flats and a cellar, offering a strong investment opportunity in a sought-after location
- Unit 3 is a cellar space with renovation potential
- It could possibly be converted into a studio apartment, subject to planning permission and works
- Considering the purchase price and the potential rental income that could be earned in future years, this will make for a worthwhile addition to an investors property portfolio
- Please see the Let Property Pack linked below for more details on this property's investment potential
- Investment potential detailed below (Let Property Pack)
Description
This property, consisting of two self-contained flats and a cellar, offers a strong investment opportunity in the sought-after location of Barmouth. The ground-floor flat has one bedroom, lounge, kitchen, bathroom, and entrance hallway, while the first-floor flat has three bedrooms, a large lounge, kitchen/dining room, and a bathroom with bath and shower, currently let year-round as a holiday rental via Airbnb. The cellar space has renovation potential and could be converted into a studio apartment, subject to planning permission and works. The property currently produces an annual gross income of £25,650, making it a worthwhile addition to an investor's portfolio. The current tenants have been long-term residents and are keen to remain in the property, ensuring a smooth transition for the new owner.