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3 bedroom 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. The two flats, each with its own private entrance, feature one to three bedrooms, lounge, kitchen, and bathroom, and are currently let year-round as holiday rentals 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, who have resided in the property for several years, are keen to remain in the property, ensuring a smooth transition for the buyer.