Summary - Stowell Terrace, Heworth NE10 0NX
3 bed 1 bath Flat
Affordable Lifetime Lease option for buyers aged 60+ near Metro and excellent transport links..
Three-bedroom first-floor flat, approx. 733 sq ft
A well-presented first-floor three-bedroom flat in Heworth, offered with a Home for Life Lifetime Lease option for buyers aged 60+. The apartment has generous rooms for its size, gas central heating, double glazing and a private rear yard — practical features for comfortable retirement living. Excellent transport links are a key plus: nearby Metro and bus stations and easy access to the A19 and Tyne Tunnel make visiting family and services straightforward.
This property is being marketed with a Lifetime Lease guide price of £67,000 (example saving ~33% from the listed market price of £100,000). The Home for Life plan allows purchasers aged 60+ to buy a leasehold lifetime interest and optionally secure up to 50% of the property value for future safeguarding; the exact price varies by age and personal circumstances.
Important facts and potential drawbacks: the flat is in a very deprived area with above-average local crime statistics, constructed c.1900–1929 with solid brick walls (assumed uninsulated), and an EPC rating of D. The layout provides three bedrooms but just one bathroom, and overall internal size is small (approx. 733 sq ft). Tenure is leasehold (999 years from 1910) with a very small historical ground rent; buyers should obtain full legal advice on the lease terms before committing.
Suitable mainly for over-60s seeking affordable retirement accommodation, downsizers or investors aware of the area profile. The property is ready to move into but also offers modest refurbishment potential to improve energy performance and layout if desired.
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