Fixed price
£43,400
1 bed flat for saleEngine Lane, Low Fell NE9
1 bed
1 bath
1 reception
- Shared ownership
- Retirement
- Leasehold
Sarah Mains, Low Fell
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About this property
One Bedroom Retirement Apartment
Over 55's Only
70% Share
Fitted Kitchen
Modern Bathroom
Leasehold
Council Tax Band A
EPC Rating tbc
We are delighted to introduce this spacious and exceptionally well-presented first floor apartment, available exclusively to those aged 55 years and over. Offered on a 70% shared ownership basis, with the remaining 30% share is owned by Karbon Homes Ltd, ensuring professional management and support.
The property occupies a prime position within the heart of Low Fell and is ideally placed for convenient access to a wide range of local amenities. Residents will find an excellent selection of independent shops, supermarkets, cafés, restaurants, healthcare services, and leisure facilities all within convenient reach. The location also benefits from superb transport links, with regular bus services and nearby road connections providing straightforward commuter access to Gateshead, Newcastle upon Tyne, and the surrounding areas, making it perfectly suited for those who value both connectivity and community living.
Access to the building is via a secure entry phone system, offering added reassurance for residents and visitors alike. There is lift access to all floors and underground parking for residents.
Internally, the apartment boasts a well-planned and generously proportioned layout. The welcoming entrance hallway provides access to all principal rooms and includes useful storage space. The lounge/diner features a charming bay window and has an attractive focal point fireplace, resulting in a comfortable living and dining area ideal for both relaxing and entertaining.
The modern fitted kitchen is well-equipped with a range of base units, offering ample storage and workspace and incorporates built in cooking appliances.
There is a spacious double bedroom with built in wardrobes as well as a beautifully appointed bathroom, equipped with a white suite with an electric shower over the bath.
Further enhancing the appeal of this development, residents have access to a communal laundry room and beautifully maintained communal gardens. These shared spaces foster a welcoming and sociable atmosphere, encouraging a sense of community while still maintaining privacy and independence.
Early viewing is highly recommended to fully appreciate all that this delightful home has to offer.
Lounge/Diner (4.01m x 3.91m)
Kitchen (2.78m x 2.27m)
Bedroom (3.47m x 2.92m)
Bathroom (2.23m x 1.66m)
Shared Ownership Information
Full Market Value: £62,000.00
Share Available: 70%
Monthly Rent: £
Monthly Service Charge: £
Monthly Buildings Insurance: £
Monthly Management Fee: £
Total monthly payment: £
Agents Notes
The lease on this property has approximately 60 years remaining. Please contact the Low Fell branch before viewing for further information or if you feel this may affect your buying decision.
Property Information
Local Authority: Gateshead
Flood Risk: This property is listed as currently having a very low risk of flooding although we have not seen any legal written confirmation to be able to confirm this. Please contact the branch if you have any queries in relation to the flood risk before proceeding to purchase the property.
TV and Broadband: BT, Sky – Basic, Superfast, Ultrafast in the area
Mobile Network Coverage: EE, Vodafone, Three, O2 in the area
Please note, we have not seen any documentary evidence to be able to confirm the above information and recommend potential purchasers contact the relevant suppliers before proceeding to purchase the property.
Recording Devices
Please be aware that some properties may be equipped with CCTV, video doorbells, or other recording devices (including internal audio/video surveillance) for security purposes. While viewings are conducted in private homes, we ask that all attendees respect that the property owner may choose to monitor or record access to their home. If you have any concerns regarding this, please speak to a member of our team prior to your appointment. We have advised all vendors that any recording during viewings should be disclosed and used strictly for personal purposes only, in accordance with data protection and privacy laws.
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More information
Tenure
Leasehold (61 years)
Service charge
Council tax band
A
Ground rent
£0
Ground rent date of next review