Otto Terrace, Thornhill

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 OVERS 60s: The Lifetime Lease price for this property is £60,250 based on an average saving of 33%.

Market Value Price: £89,950


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 £89,950, please contact the estate agent Andrew Craig.

PROPERTY DESCRIPTION
Deceptively spacious two bedroom first floor flat which is located on the outskirts of Sunderland City Centre which has a wealth of excellent of shops, restaurants and banking facilities, as well as Sunderland University. For those who use public transport, the University Metro Station can be found nearby and Park Lane Interchange is slightly further afield which offers local bus and coach links, in addition to this Sunderland Train Station provides rail links. This well presented property boasts an open plan lounge/dining room, a recently refitted bathroom and also features double glazing and combi gas central heating. Externally there is a shared yard to the rear plus there is a useful garage for off street parking or storage depending on preference. An ideal purchase for a range of buyers, early viewing recommended!
ENTRANCE
Hardwood door to the communal hallway, hard wood door to the hall which has stairs to the first floor, double glazed window, two radiators on the landing.
BATHROOM
Panelled bath with shower over and shower screen, sink with vanity unit, low level WC, radiator, part tiled walls.
OPEN PLAN LOUNGE AREA 5.54m (18'2) x 3m (9'10)
Double glazed bay window and double glazed window, electric fire and radiator.
OPEN PLAN DINING AREA
Double glazed window and laminate flooring.
KITCHEN 2.36m (7'9) x 2.77m (9'1)
Fitted with wall and floor units, gas oven point, stainless steel sink with mixer tap, laminate flooring, plumbed for automatic washing machine, feature glass tiled window.
BEDROOM 3.76m (12'4) x 2.63m (8'8)
Double glazed window, radiator, laminate flooring.
DOUBLE BEDROOM 3.05m (10'0) x 2.97m (9'9)
Double glazed window, radiator, wardrobe.
EXTERIOR
Shared rear yard.
GARAGE
Up and over door, light.
AGENTS NOTES
We have been informed by the vendor that the combi boiler was installed in April 2022 and is under warranty, any purchaser is advised to make any enquiries via their legal representatives prior to exchange of contracts taking place.
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
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: C
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.
Tenure
The property is Leasehold with a term of 99 years from 1 January 1975 subject to annual ground rent of ?25 per annum for the first 33 years, ?33 per annum for the next 33 years and then ?50 per annum for the remaining 33 years.

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.