Leasehold homes in Redcar
How many homes in Redcar are sold as leasehold, including leasehold houses. Free
All sales leasehold
5%
7,417 sales since 2016
Houses sold leasehold
1%
excluding flats
New-build houses leasehold
4%
658 new-build houses
Streets where most houses are leasehold
| Street | House sales | Leasehold |
|---|---|---|
| William Turner Road | 31 | 55% |
| Foundation Close | 13 | 85% |
| Alderman Close | 9 | 56% |
What to check before buying a leasehold home
- Lease length. Under 80 years gets expensive to extend and harder to mortgage. Use the lease extension calculator.
- Ground rent and how it rises. Doubling ground rents can make a home unmortgageable.
- Service charges and the sinking fund, plus any planned major works.
- Buying the freehold. Leasehold reforms are making it cheaper for many house owners to buy their freehold.
A conveyancing solicitor will check all of this for you.