2 bed flat for sale

Mowbray Road, South Shields NE33

Over 60s can secure this property with a Home For Life from Homewise

Through the Home for Life Plan from Homewise, those aged 60 or over can 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.

Over-60s customers typically save between from 20% To 50%*.

Home for Life Plan guide price for Over-60s The Lifetime Lease price for this property is £73,750 based on an average saving of 33%.

Market Value Price: £110,000

The price you pay will vary according to your age, personal circumstances and requirements and will be adjusted to include any percentage of the property you wish to safeguard. The plan allows customers to purchase a share of the property value (up to 50%) to safeguard for the future.

For an indication of what you could save, please use our calculator on the Homewise website.

Please call for more information or a personalised quote

Please note: Homewise do not own this property and it is not exclusively for sale for the over-60s.

It is being marketed by Homewise as an example of a property that is currently for sale which could be purchased using a Home For Life Lifetime Lease.

If you are not over 60 or would like to purchase the property at the full market value of £110,000, please contact the estate agent Andrew Craig.
Property description

Presenting this two bedroom ground floor flat situated on the coveted Mowbray Road. Offering seamless, all-on-one-level living, this residence is ideal for those seeking convenience and comfort. The property's prime location places it within proximity to an award-winning beachfront and seaside attractions, fostering a vibrant coastal lifestyle. The Town Centre, replete with an array of shops and amenities, is also conveniently close by.
The current owners have advised us that the lease has been extended to 999 years, we are awaiting supporting documents to confirm. The property will appeal to a range of buyers including first time buyers looking to get onto the property market and those looking for one level living!
The well-designed layout encompasses a welcoming hallway, two inviting bedrooms, a spacious lounge, a functional kitchen, and a utility area for added convenience. A well-appointed shower room completes the interior space. Externally, the property features a small front area and a rear yard, including a garage, offering valuable storage and parking options. Offered with vacant possession, with its blend of location, layout, and potential, this ground floor flat on Mowbray Road presents an enticing opportunity for comfortable coastal living.
Entrance
Upvc door to hallway which has radiator and a spacious understair storage cupboard. Door to lounge and doors to bedrooms.
Rear lounge 3.63m (11'11) x 4.5m (14'9)
Double glazed window and radiator. Door opening to:-
kitchen 3.02m (9'11) x 1.93m (6'4)
Fitted with a range of wall and base units with contrasting worktops. Integrated oven and hob with overhead steel extractor hood. Plumbing for washing machine and double glazed window, radiator, partially tiled walls and tiling to floor and upvc door to the rear.
Utility area
Located to the rear of the kitchen access via folding doors which has plumbing for washing machine, base unit, tile flooring and door to the shower room.
Shower room
Fitted with a double shower with a glass free overhead shower, pedestal washbasin and low flush toilet. Part tiling to walls and tile flooring and double glazed window.
Front bedroom 4.88m (16'0) x 4.34m (14'3)
Double glazed bay window and radiator.
Bedroom two 2.79m (9'2) x 3.53m (11'7)
Double glazed window and radiator.
Exterior/garage
Private yard to rear and a single garage accessed via a double gate which provides off road parking for a small vehicle.
Tenure
The property is Leasehold with a term of 99 Years from 24th June 1983 subject to an annual ground rent of ?20.00 - This lease has now been extended. Supporting documents to be obtained.
Tenure
We will provide as much information about tenure as we are able to and in the case of leasehold properties, we can in most cases provide a copy of the lease. They can be complex and buyers are advised to take legal advice upon the full terms of a lease. Where a lease is not readily available we will apply for a copy and this can take time.
The Agent Of The North
Andrew Craig is The Agent of the North and as Chartered Surveyors we can help you with all your Residential and Commercial property needs. Sales, Conveyancing, Lettings, Property Management, Surveys and Valuations. Call now on Material Information
The information provided about this property does not constitute or form part of an offer or contract, nor may it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure and lease information, fixtures and fittings and, where the property has been recently constructed, extended or converted, that planning/building regulation consents are in place. All dimensions are approximate and quoted for guidance only, as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for purpose. We offer our clients an optional conveyancing service, through panel conveyancing firms, via Move With Us and we receive on average a referral fee of one hundred and ninety four pounds, only on completion of the sale. If you do use this service, the referral fee is included within the amount that you will be quoted by our suppliers. All quotes will also provide details of referral fees payable.
Money Laundering Regulations
Please note that any offers will require you to be financially verified, meaning you'll need to provide us sight of a mortgage in principle, proof of deposit funds, and proof of cash. You'll also need to provide us with full chain details including agents and solicitors down the chain. To comply with Money Laundering Regulations all buyers will be required to provide us with proof of identification before we can issue acceptance letters and solicitors are instructed.

EPC Rating: C

The information provided about this property does not constitute or form part of an offer or contract, nor may be it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents. All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose. Suitable as a retirement home.