Has anyone bought/got a 'Tyneside flat' (I mean the leasehold type, not the area)?

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I'm thinking of buying property in the North East and have seen a great lower flat. It is a "Tyneside flat", however (meaning there is another flat above it, with a separate entrance, and the flats own each other's leasehold).

Has anyone got experience in living in one? What happens if there's an issue with the roof or the chimney? Is it difficult to sell it afterwards? Are there a lot of disputes? Any experience/help is much appreciated.

Just place marking. I’m quite intrigued how someone owns a flat if they own another person’s leasehold

@JoJoSM2

Just place marking. I’m quite intrigued how someone owns a flat if they own another person’s leasehold

www.lease-advice.org/article/tyneside-leases-a-brief-overview/

That makes sense. So you own your own leasehold and the freehold of the other half of the building.

No one lives in one of these?

The idea behind these is that if there is an issue with the roof, the freeholder who is the leaseholder of the bottom flat, will be responsible for it.
If there is a problem with the drains or something that would impact the bottom flat, the freeholder, who is the leaseholder of the top flat, will be responsible. This way there is someone to sue if things go wrong and the party doesn't do the necessary repairs.

If you need a mortgage it might be worth checking with the bank first whether they have an issue with this type of property.

If the other flat is vacant you should find out who the freeholder of your potential flat is and whether they are likely to adhere tk their obligations.
It sounds quite risky to me so I would expect that to be factored in the price. Again I recommend speaking to your mortgage company about it too.

I've lived in one in the past and had no issues. Tyneside flats are very common in the North East so you shouldn't have a problem selling it in the future.

Thank you very much for the responses, much appreciate it!