3 bed flat for sale

Marine Cottage, Barmouth LL42

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.

This property is situated in Barmouth, just a short walk from a range of valuable amenities. It presents an excellent opportunity for investors seeking consistent, long-term returns.

This is a brilliant opportunity for investors!

Flat 1 (ground floor) offers a private entrance and features one bedroom, lounge, kitchen, bathroom, and a small entrance hallway.

Flat 2 (1st and 2nd floor) offers a private entrance and features three bedrooms (2 doubles and one twin), a large lounge, kitchen/dining room and a three-piece bathroom with bath and shower. It is currently let year-round as a holiday rental via Airbnb.

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. The purchase price makes it a worthwhile addition to any investor's portfolio.

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. Or be turned into a tenanted Buy-To-Let.

Please see the Let Property Pack linked below for more details on this property's investment potential.

Tenancy Details:

The current tenants have resided in the property for several years and have consistently paid their rent. They have no intentions of moving out and are keen to remain in the property.

Let Property Sales is committed to facilitating a smooth transaction process. To ensure maximum commitment from both parties, a fully refundable buyer's premium may apply to secure the property. This amount is refunded in the event of non-completion.