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Marine Cottages, Barmouth LL42 3 bed flat for sale
Marine Cottages, Barmouth LL42
£230,000
Marine Cottages, 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 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)
- 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 has one bedroom, a lounge, kitchen, and bathroom, while Flat 2 has two bedrooms, a lounge, kitchen, and bathroom, currently rented year-round as a holiday rental through Airbnb. The cellar space has renovation potential and could be converted into a studio apartment, subject to planning permission and works. The property generates an annual gross income of £5,400, which could increase to £14,400 with tenants currently situated, making it a worthwhile addition to any investor's portfolio. The current tenants have been long-term residents and are keen to remain in the property, ensuring a smooth transition for the new owner.