Summary - Otto Terrace, Thornhill SR2 7LP
4 bed 1 bath Terraced
Large Victorian four-bed with garage — Lifetime Lease option for over‑60s, close to city amenities.
Four generous bedrooms in period mid-terrace layout
A substantial four-bedroom Victorian mid-terrace located a short distance from Sunderland city centre, the university and the Royal Hospital. Period features including a bay window, high ceilings and cornicing give character throughout, while generous reception rooms and a large kitchen-diner provide flexible living space. Outside there is a small front garden, enclosed rear courtyard and a detached garage with workshop accessed via a roller-shutter door.
This property is offered through Homewise's Home for Life Lifetime Lease for purchasers aged 60+, with a guide Lifetime Lease price of £140,750 (market value £210,000). The plan typically reduces the upfront cost by around 20–50% depending on age and circumstances and allows buying a safeguarded share (up to 50%). Buyers under 60 may still purchase at full market value.
Practical drawbacks to note: the house has a single bathroom plus a separate WC, a small plot, cavity walls assumed without added insulation, an EPC rating of D, and local crime levels above average. The layout and room sizes suit those seeking spacious period proportions rather than a modern, low-maintenance retirement bungalow.
This home will suit downsizers aged 60+ wanting central convenience and long-term security via the Lifetime Lease, or investors and families seeking period character close to local amenities. Check the Homewise calculator for an indicative quote and verify all tenure and technical details before proceeding.
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