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2 bedroom flat for sale
Tadema Road, South Shields
£53,500
Tadema Road, South Shields
£53,500
Our Summary
- While the property requires some renovation, it presents a fantastic opportunity for buyers to personalise and make it their own, whether as a first home or investment
Description
This property, a ground floor flat on Tadema Road, is being marketed by Homewise as an example of a property that can be purchased using their Home for Life Plan. The plan allows those aged 60 or over to purchase a Lifetime Lease and a share of the property value, with the cost being less than the full market value. The property itself requires some renovation and is being sold with no onward chain and vacant possession. It has two bedrooms, a lounge, kitchen, and bathroom, as well as a private yard at the rear. The property is freehold, subject to a lease on number 11 Tadema Road, and has good broadband and mobile coverage. The asking price for the Lifetime Lease is £53,500, which is 33% of the market value of £80,000.