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Marine Cottages, Barmouth LL42 3 bed flat for sale
1, 2 & 3 Marine Cottages, Barmouth, LL42 1NN
£188,000
1, 2 & 3 Marine Cottages, Barmouth, LL42 1NN
£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 Investment Details: The portfolio currently produces an annual gross income of £25,650 with tenants currently situated
- 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, originally a single large house, has been converted into two self-contained flats and a cellar, offering a strong investment opportunity in a sought-after location in Barmouth. Flat 1, on the ground floor, has one bedroom, lounge, kitchen, bathroom, and a small entrance hallway, while Flat 2, on the first and second floors, has three bedrooms, a large lounge, kitchen/dining room, and a three-piece bathroom. The cellar space, Unit 3, 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, with tenants currently situated, and has the potential to earn more in future years, making it a worthwhile addition to an investor's property portfolio.