1 bed flat

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1 bed flat

Marine Cottage, Barmouth LL42
£230,000

Our Summary

  • Originally a single large house, 1–3 Marine Cottages has been converted into 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
  • 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 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 three-bedroom property is just a short walk from various amenities and presents an excellent opportunity for investors seeking consistent, long-term returns. The flats, each with its own kitchen, bathroom, and lounge, are currently let out, with one generating a steady income and the other rented out as a holiday property through Airbnb. The cellar space has potential for renovation and could be converted into a studio apartment, subject to planning permission. The property generates an annual gross income of £5,400, which could be increased to £14,400 with the current tenants, making it a worthwhile addition to any investor's portfolio.