Summary - 8 STOWELL TERRACE GATESHEAD NE10 0NX
3 bed 1 bath Flat
Lifetime-lease option for over-60s with significant potential savings.
Three-bedroom first-floor flat arranged over two levels; loft bedroom with ensuite
Home for Life Lifetime Lease example price £80,500; full market £120,000
999-year lease and nominal ground rent (£2.93 per year)
Double glazing and gas central heating; ready for immediate occupation
Loft alterations present; no certificates—buyer must verify permissions
Very deprived local area with above-average crime rates; affects resale/rental
Excellent transport links: Heworth Metro and buses nearby
Council Tax Band A (low running cost)
A spacious three-bedroom first-floor flat arranged over two levels, offered with a long lease and a compact annual ground rent. The main living room is generous in size with period features visible from the exterior bay window; the property benefits from double glazing, gas central heating and an ensuite to the loft bedroom. Commutable location with Heworth Metro and local bus links close by and everyday amenities within walking distance.
This property is being marketed as suitable for those aged 60+ through the Home for Life Lifetime Lease from Homewise. As an example, the Lifetime Lease guide price is shown at £80,500 (based on an average saving of 33%); the full market price is £120,000. The actual price under the Home for Life plan varies by age, circumstances and any share purchased (up to 50%) — use the Homewise calculator or request a personalised quote to see likely savings.
Buyers should note the loft was altered and likely required planning/building-regulation approval, but no certificates are available; purchasers are advised to verify permissions. The wider neighbourhood scores as very deprived with above-average crime rates, which may affect resale or rental desirability. The flat is ready for immediate occupation but offers scope for cosmetic updating or refurbishment to increase value.
Practical positives include a 999-year lease, low council tax (Band A) and nominal ground rent. For downsizers seeking a larger, characterful property with good links and an affordable entry via a lifetime-lease option, this flat is worth viewing — but check planning/lease details and consider local area factors before committing.
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