Affordable retirement option near Chichester Metro with conversion potential.
Upper-floor two-bedroom flat with high ceilings and bay-front bedroom
Lifetime Lease example price for over-60s: £46,750 (market £69,950)
Easily convertible back to original three-bedroom layout
Private rear yard and open-plan lounge-dining space
Leasehold: 189 years from 30 Dec 1994
Solid brick walls likely without insulation; potential retrofit costs
High local crime and very deprived area — security considerations
Vacant possession; EPC rating C, mains gas heating
A bright two-bedroom upper flat in a Victorian terrace, offered with a Home for Life Lifetime Lease price guide for buyers aged 60+. The flat has high ceilings and a bay-fronted main bedroom, with a spacious lounge flowing into a dining area and a private rear yard. It was originally three bedrooms and can be converted back easily.
Located for commuters, Chichester Metro and local bus routes are within easy reach, with South Shields town centre amenities close by. Broadband and mobile coverage are good, and the property currently has an EPC rating of C and mains gas central heating.
This is marketed with a Lifetime Lease example price of £46,750 (market price £69,950) — actual price depends on age and share purchased. The flat is leasehold (189 years from 30 Dec 1994) and sold with vacant possession, making it suitable for a downsizing retiree or an investor seeking rental or refurbishment potential.
Buyers should note the neighbourhood has high crime and very high deprivation indices, and the property’s solid brick walls are assumed uninsulated. While the flat is habitable, buyers seeking low-maintenance retirement accommodation or investment income should factor in potential refurbishment and security improvements.
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