Homewise says ..
Guide price for a Home for Life Lifetime Lease for OVER 60s tailored to your personal circumstances and requirements. Your price may vary. OVER 60S could benefit from SAVINGS of up to 59% from the market value with a one-off payment for a Lifetime Lease on this property. £14...
Property Oracle says ..
This property in Birtley, Tyne and Wear is a two-bedroom bungalow listed at £147,500. It is marketed as a ‘Home for Life Lifetime Lease’ aimed at buyers over 60. The photos depict a property that is functional and habitable but needs some modernising. The interior features traditional decor and furnishings; the kitchen and bathrooms appear functional. The bungalow features a garden with both paved and lawned areas, a deck and shed. The location is advantageous, with good schools and a train station within a reasonable distance. Transport links are acceptable, offering access to Chester-le-Street. The listed price is in line with other homes on Lonsdale and in the immediate vicinity, albeit without square footage confirmation, making precise per sqft price comparisons unreliable. Potential buyers should consider the ‘lifetime lease’ implications which are not mentioned clearly and can affect total purchase price. It would be essential to examine the terms and conditions of this lease in detail before purchase. The property represents a possible opportunity for those seeking a bungalow in a reasonable location in Birtley; however, potential buyers should be aware of the need for some modernising and understand the unique terms and conditions of the ‘lifetime lease’ before proceeding.
Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 6
- Location
- 7
- Land
- 6
- Bedrooms
- 2
- Bathrooms
- 0
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Metrics Year-on-Year
- Average area value
- 211,033.00 £Increased by 26.78 %
- Average area rental value
- 824.00 £/moIncreased by 20.29 %
- Est rental Yield
- 4.69 %Decreased by 5.06 %
- Crime Rate
- 3.00 %Unchanged by 0.00 %
Agent Activity
Homewise created the listing.
Nearby Schools
Name | Type | Ofsted | Distance |
---|---|---|---|
Portobello Primary School | Community School | Good | 0.77 KM |
Barley Mow Primary School | Community School | Good | 0.85 KM |
Birtley Children'S Centre @ Barley Mow | Children's Centre Linked Site | 0.99 KM | |
Rickleton Primary School | Community School | Good | 1.37 KM |
Lord Lawson Of Beamish Academy | Academy Converter | Requires improvement | 1.40 KM |
Images
Nearby Streets
Name | Average Price | Average Sqft | Distance |
---|---|---|---|
A1(M) | £ 155,000 | 0 | 0.00 KM |
Bedford Avenue | £ 0 | 0 | 0.00 KM |
Cumberland Place | £ 153,750 | 0 | 0.00 KM |
North Street | £ 60,000 | 0 | 0.00 KM |
Kingfisher Road | £ 244,988 | 0 | 0.00 KM |
Nearby Transport
Name | NLC | TLC | Distance |
---|---|---|---|
Chester-Le-Street | 7736 | CLS | 3.55 KM |
Heworth | 7766 | HEW | 7.70 KM |
Nearby Listings
Address | Price | Type | Score | Distance |
---|---|---|---|---|
Lonsdale, Birtley | £ 220,000 | BUY | Unknown | 0.01 KM |
Garsdale, Vigo, Birtley, DH3 | £ 250,000 | BUY | Unknown | 0.12 KM |
Vigodale, Birtley, Chester Le Street, DH3 | £ 275,000 | BUY | Unknown | 0.13 KM |
Garsdale, Birtley | £ 185,000 | BUY | Unknown | 0.16 KM |
Bede Way, Birtley, Chester Le Street | £ 185,000 | BUY | 6 / 10 | 0.17 KM |
Nearby Properties
Address | Price | Distance |
---|---|---|
19 Lonsdale | £ 160,000 | 0.00 KM |
17 Lonsdale | £ 185,000 | 0.00 KM |
3 Lonsdale | £ 158,000 | 0.00 KM |
14 Lonsdale | £ 160,000 | 0.01 KM |
12 Lonsdale | £ 120,000 | 0.01 KM |