Low-price entry with renovation potential for practical first-time buyers.
• 25% shared ownership with 75% retained by majority owner
• Weekly rental charge £105.98 to majority owner
• Annual service charge £5,510 (above average)
• Requires renovation and decorative improvements throughout
• Private front/side/rear gardens and off-street parking
• 107 years remaining on lease
• Slow broadband speeds in the area
• High local crime and very deprived wider area
This 25% shared ownership, three-bedroom semi-detached home offers an affordable route onto the ladder in Pallion, Sunderland. The property is a modern-built house with double glazing, a private garden and off-street parking—features that suit first-time buyers or small families seeking space and potential.
The house requires renovation and decorative work, providing scope to add value and personalise throughout. The accommodation spans multiple floors with a sizeable top-floor bedroom and flexible ground/first-floor living space. Broadband speeds are slow and the area faces high crime and very deprived social indicators, which buyers should weigh against the low purchase price.
Financially, buyers must factor in a weekly rental charge of £105.98 payable to the majority owner plus an annual service charge of £5,510. The lease has 107 years remaining. These ongoing costs and shared-ownership rules mean suitability is strongest for buyers who want low upfront cost and can manage the running charges and improvement work.
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