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Marine Cottages, Barmouth LL42 3 bed flat for sale
1, 2 & 3 Marine Cottages, Barmouth, LL42 1NN
£192,000
1, 2 & 3 Marine Cottages, Barmouth, LL42 1NN
£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 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, consisting of two self-contained flats and a cellar, offers a strong investment opportunity in a sought-after location in Barmouth. The ground floor flat, Flat 1, features one bedroom, lounge, kitchen, bathroom, and entrance hallway, generating an annual gross income of £5,400. The first and second-floor flat, Flat 2, offers three bedrooms, a large lounge, kitchen/dining room, and a three-piece bathroom, currently let year-round as a holiday rental via Airbnb, generating £15,000 in the past 12 months. The cellar space, Unit 3, has renovation potential and could be converted into a studio apartment, subject to planning permission and works. The property presents an excellent opportunity for investors seeking consistent, long-term returns, with the current tenants keen to remain in the property.