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2 bedroom flat for sale
Reading Road, South Shields
£57,000
Reading Road, South Shields
£57,000
Our Summary
- An ideal addition to any property portfolio, this flat combines a strong location with ready-made investment potential
- Investment Opportunity
Description
This ground-floor flat is being marketed by Homewise as an example of a property that can be purchased using their Home for Life Plan, which allows those aged 60 or over to secure a lifetime lease and a share of the property value. The property itself is a well-presented two-bedroom flat with a tenant in situ, providing an immediate rental income. It features an inviting entrance hallway, a bright lounge, a generously sized kitchen, and a well-appointed bathroom. The property also has a small rear yard and is located in a fantastic area surrounded by everyday conveniences, respected schools, and excellent transport links. The asking price for the lifetime lease is £57,000, which is a saving of 33% compared to the full market value of £85,000.