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3 bed end of terrace house
Lorrain Road, South Shields NE34
£80,500
RetirementFreehold
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The property is being sold for £120,000, with an option for over-60s buyers to purchase a share of the property value using a Home For Life Plan. This plan allows buyers to safeguard a share of the property value (up to 50%), with the cost of the Lifetime Lease typically being less than the full market value. In this case, the Lifetime Lease price is £80,500, with an average saving of 33%. The property is a suitable retirement home, with a market value price of £120,000.