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3 bed flat
Marine Cottage, Barmouth LL42
£210,000
Marine Cottage, Barmouth LL42
£210,000
Price History
Initial price | £230,000 |
04/06/25 | £210,000 |
Price Change | -8.70% |
Description
This property, comprising two self-contained flats and a cellar, offers a strong investment opportunity in the sought-after location of Barmouth. Flat 1, on the ground floor, has one bedroom and is currently generating an annual gross income of £5,400. Flat 2, on the first and second floors, has three bedrooms and has generated £15,000 in the past 12 months, with potential for increased income through a reputable holiday letting agent or long-term tenancy. The cellar space, Unit 3, has renovation potential and could be converted into a studio apartment, subject to planning permission and works. The current tenants, who have been in residence for several years, are keen to remain in the property, making it an attractive opportunity for investors seeking consistent, long-term returns.