1 bed flat for sale

Olive Street, 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 £30,250 based on an average saving of 33%.

Market Value Price: £45,000

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 £45,000, please contact the estate agent Andrew Craig.
Property description

Located on the popular Olive Street, this one bedroom, double fronted ground floor flat offers a superb opportunity for investors, downsizers or single occupants. The property boasts a spacious layout, featuring a welcoming hallway that opens into a generous lounge. A rear hall leads to the well sized bedroom and a separate kitchen, which in turn gives access to the shower room.

Conveniently positioned close to Stanhope Road and Boldon Lane, you?ll find a wide range of local shops and amenities within easy reach. South Tyneside Hospital is also nearby, and Tyne Dock Metro station is just a short stroll away - ideal for those needing easy access to transport links.

Offered with vacant possession, this property is ready to move into and provides a fantastic opportunity to personalise and make your own. Early viewing is highly recommended.
Entrance
Via solid wood door into Hallway.
Hallway
Door into Lounge, Bedroom.
Lounge 5.56m (18'3) x 4.32m (14'2)
Radiator, window and door to rear Hallway.
Rear hallway
Understair storage cupboard, door into Kitchen and door in Bedroom.
Bedroom 4.78m (15'8) x 3.43m (11'3)
Window, radiator and two storage cupboards.
Kitchen 2.97m (9'9) x 1.85m (6'1)
Basic range of wall and base units with worktops over, space for cooker, space for fridge freezer, plumbing for washer, radiator, window and combi boiler is located here.
Shower room
Shower cubicle, pedestal wash basin, low flush W.C., window, heated towel rail, part tiling to walls and laminate flooring.
Externally
Yard to side.
Tenure
The property is Leasehold with a term of 99 years from 8th July 1983 subject to an annual ground rent of ?15.

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 9 Mbps and a maximum download speed of 1000 Mbps at this postcode: NE33 4RH and mobile coverage is provided by EE, Three, O2 and Vodafone. The checker results are predictions and should not be regarded as guaranteed.
Council Tax
The website states the property is Council Tax Band: A
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: Tbc

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.