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 Homewise's Home for Life Plan, which allows those aged 60 or over to secure a Lifetime Lease and a share of the property value. The plan allows customers to purchase a share of the property value, up to 50%, to safeguard for the future. The cost to purchase the Lifetime Lease is less than the full market value, with customers typically saving between 20% to 50%. The property itself is a great opportunity for investors or first-time buyers, with two bedrooms, a lounge diner, a separate kitchen, and a bathroom. It also has a spacious loft area and a rear yard. The property is leasehold with a term of 999 years and an annual ground rent of one peppercorn.