Summary - ROBINSWOOD A.P.U. 11 ENGINE LANE LOW FELL GATESHEAD NE9 5JJ
1 bed 1 bath Flat
Compact retirement-flat with park views and allocated parking close to shops.
70% shared ownership for purchasers aged 55 and over
A purpose-built one-bedroom apartment offered as a 70% shared ownership for purchasers aged 55 and over. Set on Engine Lane in central Low Fell, the flat sits above communal areas with a bay-fronted reception room that looks toward the neighbouring park and plenty of local shops, cafes and transport links on nearby Durham Road.
Internally the layout is traditional and practical: entrance hall, living/dining room with bay window, kitchen, double bedroom with fitted wardrobes, bathroom and a large storage cupboard housing the water tank. The building has secure undercroft parking with an allocated space, lift access and communal maintenance included in the monthly fee.
Important considerations are factual and significant: the current lease has around 61 years remaining and mortgage lenders may refuse lending on that basis. A lease extension can be completed during conveyancing for an approximate additional cost of £6,000 but buyers should obtain independent legal and mortgage advice. The service charge is £220 per month (circa £2,640 annually) which covers buildings insurance, water and administration.
This property suits someone looking to downsize into a low-maintenance, well-situated apartment with scope to modernise. It will particularly appeal to cash buyers or buyers who can confirm mortgage availability given the lease term; purchasers should budget for the service charge and any desired internal updating.
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