Summary - 55 PORTMEADS RISE BIRTLEY CHESTER LE STREET DH3 2NW
2 bed 1 bath Flat
Lifetime Lease option offers substantial savings for buyers aged 60 and over.
Chain-free first-floor two-bed flat with small private garden
A compact first-floor two-bedroom flat offering a practical, low-cost home in Birtley. The property is chain-free and comes with a small private garden, a generous lounge and a fitted kitchen — suitable for someone seeking an economical, easy-to-manage home.
The Home for Life Lifetime Lease option from Homewise makes this particularly interesting for buyers aged 60 and over: a guide Lifetime Lease price is quoted at £53,500 (market value £80,000), with typical savings of around 20–50% depending on age and circumstances. The flat has 109 years remaining on the lease and an annual ground rent of approximately £10.
Buyers should note the neighbourhood is described as deprived with higher local crime levels; the building and garden show signs of mid‑20th‑century wear and some updating or refurbishment will likely be needed. Council Tax is very low (Band A) and broadband and mobile coverage are good, making the flat cost-effective and connected for day-to-day living.
This property will suit downsizers and over-60s looking for affordable ownership through a Lifetime Lease, investors looking for a straightforward buy-to-let, or anyone prepared to carry out modest updating. Legal advice is recommended to confirm lease terms and the full financial implications of a Lifetime Lease purchase.
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