2 bed semi-detached house for sale

Festival Park Drive, Gateshead NE11

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 £110,500 based on an average saving of 33%.

Market Value Price: £165,000

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 £165,000, please contact the estate agent Andrew Craig.
Property description

A great opportunity to purchase a Semi-Detached Home in the Ever-Popular Festival Park Development.
Ideal for first-time buyers, young families, or investors, this property offers great potential. Located on the sought-after Festival Park development, the home benefits from off-street parking, a garage, and front and rear gardens. The property is perfectly positioned with excellent transport links, close proximity to local amenities, shops, and reputable schools, making it a convenient and desirable place to live. Upon entering the porch, this will lead to a spacious lounge, ideal for relaxing or entertaining there is also a kitchen to the rear of the property. To the first floor two good-sized bedrooms and a family bathroom. Offered with great potential to make your own, this is a fantastic opportunity in a prime location. Early viewing is highly recommended to avoid disappointment!
Entrance porch

lounge 4.6m (15'1) x 3.86m (12'8)

kitchen 2.69m (8'10) x 3.84m (12'7)

first floor landing

bedroom 2.72m (8'11) x 3.86m (12'8)

bedroom 2.29m (7'6) x 3.86m (12'8)

bathroom 2.29m (7'6) x 1.8m (5'11)

gardens to front and rear

driveway to the front

garage 5.08m (16'8) x 2.64m (8'8)

Tenure
The property is Leasehold with a term of 99 years from 1st December 1991 subject to an annual ground rent of ?35 per annum for the first 25 years of the term, ?55 per annum for the next 25 years of the term (26-50 inclusive of the term), ?88 per annum for the next 25 years of the term (51-75 inclusive of the term) and the sum of ?120 per annum for the remaining years of the term (76-99 inclusive of the term).
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.
Broadband & Mobile Coverage
The Ofcom website states the average broadband download speed of 12 Mbps and a maximum download speed of 80 Mbps at this postcode NE11 9TU and mobile coverage is provided by EE, Three, O2, Vodafone. The checker results are predictions and should not be regarded as guaranteed.
Council Tax
The website states the property is Council Tax Band: B
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 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.
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.

EPC Rating: D

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.