Initial price	£70,250
28/03/25	£67,000
01/05/25	£63,500
Price Change	-9.61%

This property is being marketed by Homewise as an example of a property that can be purchased using their Home for Life Plan, which allows individuals aged 60 or over to buy a Lifetime Lease and a share of the property value to safeguard for the future. The plan can save buyers between 20% to 50% of the market value, and the price of the Lifetime Lease for this property is £63,500, which is 33% less than the market value of £94,950. The property itself is a spacious home located in the sought-after Mowbray Road area of South Shields, with a short walk to the beach, park, and town center. It features a contemporary interior with three bedrooms, a lounge, kitchen, and bathroom, as well as a private yard to the rear. The property is freehold and comes with all furniture and appliances included, making it an ideal spot for a variety of buyers, including first-time buyers, downsizers, and investors.