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See how verdicts work1-bedroom flat · NE15 6RZ
No longer listedListed 60 daysAuction 29 Sep · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
For sale by Under The Hammer online auction on Tuesday 29th September 2026. Head over to our website to download the legal pack, register to bid and see more information.
A Vacant Long Leasehold (990 Year's) 1 Bedroom Ground Floor Flat requiring a programme of renovation and modernisation throughout.
The property presents an excellent refurbishment opportunity for investors or owner-occupiers looking to improve the existing accommodation and add value.
The property will benefit from a new 990 year lease upon completion (please refer to the legal pack).
Lease length: 990 Years (approx) Ground Rent: Peppercorn (see legal pack) Service Charge: Please see legal pack The accommodation comprises an Entrance Hallway, Reception Room, Kitchen, One Bedroom, Shower Room and a Storage Room, extending to approximately 43 sq m (466 sq ft).
The property requires modernisation throughout, providing purchasers with the opportunity to update the accommodation to their own specification.
The property is positioned on the ground floor of a purpose-built block within the Benwell Grange development.
Situated on Benwell Close, accessed off Benwell Lane in the Benwell area of Newcastle upon Tyne, the property is conveniently positioned for a range of local shops and everyday amenities, with Newcastle City Centre located approximately 2.8 miles away.
Newcastle Central Railway Station is approximately 4.5 km away, while regular bus services and the surrounding road network provide convenient access throughout Newcastle and the wider area.
Block viewings are available on this property, ensure you've confirmed your attendance on our website before arriving.
viewing days & time Tuesday 1st September 2026: 12pm Saturday 5th September 2026: 12pm Friday 11th September 2026: 12pm Friday 18th September 2026: 12pm Friday 25th September 2026: 12pm Here's what to do next Visit - Our website and view the auction terms.
View - Book a viewing directly through our website. Register - Get registered prior to the auction opening date. Legal Pack - Download and view the legal pack to find out all the relevant information.
Prior Auction Offer - Want it now? Submit a prior auction offer through our website. All offer's go direct to the seller.
Bidding - Everything is completed online through the website and the intuitive bidding controls.
If you would like your property to go into our next auction then contact our auction experts on or submit a valuation on our website
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
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FAQ
About Flat 36, Benwell Close, Flat 36, Benwell Close, Newcastle upon Tyne
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