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Marine Cottages, Barmouth LL42 3 bed flat for sale
1, 2 & 3 Marine Cottages, Barmouth, LL42 1NN
£230,000
1, 2 & 3 Marine Cottages, Barmouth, LL42 1NN
£230,000
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: Flat 1 generates an annual gross income of £5,400 with tenants currently situated
- Flat 2 has generated £15,000 in the past 12 months and has the potential to increase when let through a reputable holiday letting agent
- 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 three self-contained flats and a cellar in Barmouth, a sought-after location. The property offers a strong investment opportunity, with two flats currently generating a steady income through long-term tenancies and holiday rentals. Flat 1, on the ground floor, has a private entrance and features one bedroom, lounge, kitchen, and bathroom, generating an annual gross income of £5,400. Flat 2, on the first and second floors, has a private entrance and features three bedrooms, a large lounge, kitchen/dining room, and a three-piece bathroom, generating £15,000 in the past 12 months through holiday rentals. The cellar space has renovation potential and could be converted into a studio apartment, subject to planning permission and works. The property presents a worthwhile addition to any investor's portfolio, with the potential to increase income through letting agents or tenanted Buy-To-Let.