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3 bed flat
Marine Cottage, Barmouth LL42
£210,000
Marine Cottage, Barmouth LL42
£210,000
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, presents a strong investment opportunity in a sought-after location in Barmouth. Flat 1 is a one-bedroom property with a private entrance, while Flat 2 is a three-bedroom property with a private entrance, currently let year-round as a holiday rental via Airbnb, generating £15,000 in the past 12 months. The cellar space has renovation potential and could be converted into a studio apartment, subject to planning permission and works. The property has a consistent and long-term rental income, making it an attractive addition to any investor's portfolio. The current tenants have resided in the property for several years and are keen to remain, ensuring a smooth transition for the new owner.