This end-terraced property in the historic town of Whithorn presents a remarkable renovation opportunity, offered significantly below its Home Report valuation. Currently a shell, the property has undergone preliminary works such as clearance, the installation of a new damp-proof course, and double-glazed windows throughout. These initial upgrades set the stage for a full refurbishment that allows for customization in layout and finishes to enhance overall value.
The property's unique mixed-use potential is particularly noteworthy. With existing planning consent for transforming the ground floor into commercial space, alongside provisions for separate access to an upper flat and a sizeable garden area, investors can consider various configurations—either restoring it as a four-bedroom residence with an attached shop or developing it into two distinct units.
Located near the coast, this property benefits from Whithorn’s year-round tourist appeal, making it suitable for both long-term rentals and serviced accommodation. Post-renovation, rental yields are projected to exceed £900 per month and annual income from serviced accommodations could reach around £22,000.
In summary, this investment opportunity not only offers substantial immediate equity but also provides flexibility in future use and income generation strategies.
