Affordable, single-level living with a Lifetime Lease option for over-60s.
Two-bedroom ground-floor flat with private rear yard and single-level living
Home for Life Lifetime Lease option for over-60s (example price £67,000)
162 years remaining on the lease (leasehold)
Vacant possession on completion
EPC rating D; cavity walls assumed uninsulated — may need energy upgrades
Located in a very deprived area with higher-than-average recorded crime
Double glazing present; mains gas boiler and radiator heating
Close to shops, bus routes, Metro and South Tyneside Hospital
This ground-floor two-bedroom flat on Ashley Road offers practical, single-level living in a Victorian mid-terrace — a straightforward option for downsizers seeking convenience close to shops, transport and South Tyneside Hospital. The layout includes a generous lounge, fitted kitchen, modern bathroom and a private rear yard with decking ripe for a small town garden or entertaining area. Vacant possession is offered.
For buyers aged 60 or over there is a Home for Life (Lifetime Lease) purchase route through Homewise which typically reduces the purchase cost compared with full market value; guide figures list a market price of £100,000 and a Lifetime Lease example price of £67,000 (actual price varies by age and chosen safeguarded share). The lease has approximately 162 years remaining.
Buyers should note the location scores high for deprivation and recorded crime is above local averages; the property will suit those prioritising affordability and proximity to amenities over a quieter or more affluent neighbourhood. The EPC rating is D and walls are assumed uninsulated cavity construction — there may be scope and cost to improve thermal performance. Double glazing and gas central heating are in place, but buyers should confirm appliance and system condition.
This property suits downsizers wanting one-level living close to transport links and local services, or investors seeking a low-entry flat in a well-connected area. Interested parties must verify tenure/lease details and obtain personal financial and legal advice before purchase.
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