Summary - Stanhope Road, South Shields NE33 4BT
3 bed 1 bath Flat
Chain-free retirement flat with Lifetime Lease option for buyers aged 60+.
Ground-floor three-bedroom flat, approx. 700 sq ft
A ground-floor, three-bedroom flat in South Shields offered vacant and chain-free, presented as a practical retirement or investment purchase. The property sits within walking distance of Chichester Metro, local buses, shops and schools, and benefits from modernised kitchen and bathroom fittings, double glazing and mains gas central heating. Broadband and mobile coverage are strong for the postcode.
This Home for Life example is marketed with a Lifetime Lease option through Homewise for buyers aged 60+, with a guide Lifetime Lease price of £53,500 (market price shown as £80,000). The plan can let eligible purchasers buy up to a 50% share to safeguard value; the exact price depends on age and personal circumstances. Council Tax Band A and an EPC C help keep running costs lower.
The flat is compact: total floor area approximately 700 sq ft with small rooms and a private rear yard. Constructed circa 1900–1929 with solid brick walls (no insulation assumed), the building may benefit from further thermal upgrades. Crime levels in the immediate area are reported very high and the wider neighbourhood is described as deprived—factors to weigh when assessing resale or letting prospects.
Suitable for over-60s wanting a lower-cost homeownership route or investors seeking an affordable, ready-to-rent unit, this property offers immediate occupation but limited internal space. Buyers should verify tenure, service/maintenance responsibilities and confirm Homewise eligibility details before committing.
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