This end-terraced property in the historic town of Whithorn represents a significant renovation opportunity, being sold at a substantial discount to its Home Report value. Currently in shell condition, the property has already undergone some essential preparatory work, including clearance and the installation of a new damp-proof course as well as double glazing throughout. This allows for a buyer to personalize the layout and finishes, potentially enhancing both living space and overall value.
With existing planning permission for the ground floor to be converted into commercial use, along with provisions for a separate entrance to the upper flat via an alleyway, there is exceptional versatility available. This property historically functioned as both a residence and shop, offering options to either develop two separate units or maintain it as a four-bedroom family home with retail space.
Whithorn's attractive coastal appeal and consistent tourism provide excellent prospects for ongoing rentals or serviced accommodation. Following refurbishment, estimated rental yields are around £900 per month, while serviced accommodation could generate approximately £22,000 annually. This listing presents an appealing prospect for investors looking to secure immediate equity and explore various investment strategies.
