>
Marine Cottages, Barmouth LL42 3 bed flat for sale
Marine Cottages, Barmouth LL42
£192,000
Marine Cottages, Barmouth LL42
£192,000
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, 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 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, ensuring a smooth transition for the buyer.