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Property ID: 215378212
Monthly Income
£1,700
Current Yield
10.7%
Tenancy status
Tenanted
CapitalAppreciation
+3.8%
Exclusive Investment Grade Opportunity

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 is committed to facilitating a smooth transaction process between buyer and seller. To allow for maximum commitment to the sale from both parties, a Buyers Premium will apply in order to secure a property.

Cash Purchase
Mortgage
Purchase Price
Assumed purchase price based on home report value
Stamp Duty Tax
Est. Legal Fees
Monthly Running Costs
Calculated Returns
Capital appreciation calculated based on location, property type, and market value. Learn more
Current Rent
Potential Rent
Purchase Costs
Net Rental Income1700/mo
Monthly Capital Appreciation/mo
Total Net Returns/mo
Total ROI
Current Monthly Rent
£1700 pcm
Current Rental Yield
10.7%
Potential Market Value Rent
£2000 pcm
Potential Rental Yield
12.5%
Estimated Monthly Capital Appreciation
£608
Area Capital Appreciation Rate
+3.8%

Tenancy Checks

Tenancy Agreement

Proof of Rental Income documentation has been verified against the rental amount in the Tenancy Agreement by Let Property.

Proof of Rental Income

Recent Proof of Rental Income has been Verified by Let Property.

Length of Tenancy

Length of Tenancy has been verified by Let Property by reviewing the date from when the provided tenancy documentation began.

Property Checks

Property Tenure

Verified as Leasehold

Property Tenure documentation has been provided to Let Property and has been Verified.

EICR

EICR documentation has been provided by the seller as verbal and written confirmation of availability and documentation will be provided at Completion once the property has been secured.

Gas Safety

Gas Safety documentation has been provided by the seller as verbal and written confirmation of availability and documentation will be provided at Completion once the property has been secured.

EPC

EPC documentation has been provided to Let Property and has been Verified.

Interactive street-level view of the property location and surrounding area.

Ground Rent
Freehold
Factor Fees/Running Costs
TBC
Total Estimated Costs
unknown
EPC Rating
EPC image not availableCheck EPC documents below
EPC Documents
Floor plans
Floor plan 1
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Floor Plan Documents
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Yearly Net Profit
Current Yearly Rent
£20,400
Annual Capital
Appreciation
£3,840
Yearly Factor Fee /
Service Charge
TBC
Other Yearly Costs
None
Indicated
Annual Net Returns
£24,240