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Marine Cottages, Barmouth LL42 3 bed flat for sale
1, 2 & 3 Marine Cottages, Barmouth, LL42 1NN
£188,160
1, 2 & 3 Marine Cottages, Barmouth, LL42 1NN
£188,160
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 flats, each with its own private entrance, feature a range of amenities including bedrooms, lounges, kitchens, and bathrooms. Flat 1 is a one-bedroom property on the ground floor, while Flat 2 is a three-bedroom property on the first and second floors, currently let year-round as a holiday rental via Airbnb. 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, 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 and have consistently paid their rent.