Summary - Whitehead Street, South Shields NE33 5LZ
2 bed 1 bath Flat
Lifetime-lease retirement flat — low-entry cost, ready to occupy.
Home for Life option for buyers aged 60+, lifetime lease example available
Guide Lifetime Lease price £47,000; full market price £69,995
Recently refurbished internally; ready to move into, new carpets throughout
Private rear yard; gas central heating; double glazing post-2002
Council Tax Band A — very cheap
Located in a very deprived area; crime levels above average
Tenure/lease information not confirmed; legal verification required
Cavity walls assumed with no insulation; possible ongoing maintenance
This two-bedroom upper-floor flat in Tyne Dock is offered as a Home for Life Lifetime Lease example, making it especially suitable for buyers aged 60+ wanting a lower-cost route into ownership. The property has been recently refurbished with contemporary decor and new carpets throughout, and is ready to move into with vacant possession and no onward chain. Local transport links (Tyne Dock Metro, buses) and shops are within a short walk, with fast broadband and excellent mobile signal.
The Lifetime Lease guide price shown is £47,000 (typical saving ~33% on the £69,995 market price), though the exact price depends on age and personal circumstances and you can buy up to a 50% share to safeguard equity. Practical positives include a private rear yard, gas central heating, double glazing fitted after 2002, and an EPC rating of C.
Buyers should note several important facts: the property sits in a very deprived area with above-average crime figures, and external walls are cavity-built with no installed insulation (assumed). Tenure/lease details are not confirmed here and must be legally verified before purchase. While recently refreshed internally, the Victorian building may still present ongoing maintenance responsibilities typical of older stock.
For over-60s considering lower-cost ownership with equity protection, this flat offers immediate occupation and commuter-friendly connections. For other buyers or investors, the full market price applies and legal checks on tenure and any lease terms are essential before committing.
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