2 bedroom flat for sale

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2 bedroom flat for sale

Eccleston Road, South Shields
£67,000

Our Summary

  • This first floor flat on Eccleston Road is a great opportunity for investors or first time buyers looking to put their own stamp on a property
  • The property has been rented for a number of years, and can achieve a strong rental return, the flat is ready for some personalisation and offers good potential

Description

This property, a first-floor flat on Eccleston Road, is available for purchase through the Home for Life Plan from Homewise. For those aged 60 or over, the plan allows them to purchase a Lifetime Lease and a share of the property value, saving between 20% to 50% of the full market value. The cost to purchase the Lifetime Lease for this property is £67,000, based on an average saving of 33%. The property itself has two bedrooms, a lounge diner, a separate kitchen, and a bathroom, with a rear yard and a spacious loft area for additional storage. The property is leasehold with a term of 999 years, subject to an annual ground rent of one peppercorn. The agent, Andrew Craig, is a Chartered Surveyor and can assist with all property needs, including sales, conveyancing, lettings, property management, surveys, and valuations.