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2 bedroom maisonette for sale
Mowbray Road, South Shields
£110,500
Mowbray Road, South Shields
£110,500
Our Summary
- Not your typical maisonette, it retains many traditional features and provides versatile living space, currently arranged as a two bedroom home but with potential for conversion to three bedrooms if desired
Description
This property is a period two-bedroom upper maisonette in Mowbray Road, with a Home for Life Plan available for those aged 60 or over. The plan allows buyers to purchase a Lifetime Lease and a share of the property value, with the cost being less than the full market value. The market value of the property is £165,000, but the Lifetime Lease price for over-60s is £110,500, a saving of 33%. The property itself has a spacious open-plan lounge diner, a comprehensively fitted kitchen, and two double bedrooms, one with limited sea views. It is located within easy reach of the town center and has excellent transport links. The property is leasehold with a term of 999 years, and the buyer will need to take legal advice on the full terms of the lease.