>
3 bed flat
Marine Cottage, Barmouth LL42
£192,000
Marine Cottage, 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
- 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, consisting of two self-contained flats and a cellar, offers a strong investment opportunity in a sought-after location in Barmouth. Flat 1, on the ground floor, features one bedroom, lounge, kitchen, bathroom, and a small entrance hallway, generating an annual gross income of £5,400. Flat 2, on the first and second floors, has three bedrooms, a large lounge, kitchen/dining room, and a three-piece bathroom, and has generated £15,000 in the past 12 months through holiday rentals. The cellar space, Unit 3, has renovation potential and could be converted into a studio apartment with planning permission and works. The current tenants, who have resided in the property for several years, are keen to remain and have consistently paid their rent, making it a worthwhile addition to any investor's portfolio.