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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
Price History
Initial price | £230,000 |
04/06/25 | £210,000 |
24/06/25 | £192,000 |
Price Change | -16.52% |
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.