Ideal 50% shared-ownership one-bedroom for over-55s near shops and strong transport links.
50% shared-ownership for over-55s
Generous lounge and practical dining kitchen
One bedroom, one shower room, 452 sq ft
Very long lease remaining (968 years)
Annual ground rent £369.66; check service charges
Low Council Tax (Band A)
Good transport links to Newcastle, Gateshead and Durham
Area classed as deprived; local crime levels are high
A well-maintained one-bedroom apartment offered on a 50% shared-ownership basis, designed for over-55s who want a compact, low-maintenance home close to local amenities. The living space is comfortable for its size with a generous lounge, a practical dining kitchen and a shower room. The property totals approximately 452 sq ft and sits on the first floor with a welcoming lobby and landing.
Practical strengths include an extremely long lease (968 years remaining), mains gas central heating with a modern boiler and double glazing installed after 2002. The location offers excellent transport links to Gateshead, Newcastle and Durham, and day-to-day shopping, healthcare and leisure facilities are within easy reach. Broadband and mobile coverage are good, and Council Tax is very low (Band A).
Important considerations are factual: this is a shared-ownership leasehold with an annual ground rent of £369.66 and likely service/management charges (buyers should check full costs). The property sits in an area classed as deprived with higher local crime levels, which may concern some buyers. The apartment is modest in size and best suited to single occupants or downsizers seeking a practical retirement base rather than a spacious family home.
Overall this is a sensible, low-effort option for an over-55 buyer wanting close amenities and transport links, with long-term security from the lease. Prospective purchasers should verify lease terms, charges and local suitability before committing.
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