3 bedroom flat for sale

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3 bedroom flat for sale

Talbot Road, South Shields
£36,750

Our Summary

  • Early viewing is highly recommended to appreciate the size and potential on offer
  • Fantastic Rental Investment Opportunity

Description

This property, a unique and spacious ground floor flat, is being marketed as an example of a property that can be purchased using a Home For Life Lifetime Lease. The Home For Life Plan, offered by Homewise, allows individuals aged 60 or over to purchase a Lifetime Lease and a share of the property value to safeguard for the future. The cost to purchase the Lifetime Lease is always less than the full market value, with typical savings ranging from 20% to 50%. The property itself features three bedrooms, a lounge, kitchen, utility room, and bathroom, with a rear yard and access to local amenities and transport links. The property is leasehold with a term of 99 years and an annual ground rent of £15.