3-bedroom flat · NE15 6RF
Sold STCListed 75 daysAuction 26 Aug · 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 Wednesday 26th August 2026. Head over to our website to download the legal pack, register to bid and see more information.
A Vacant Leasehold 3 Bedroom Ground Floor Flat offering excellent potential for cosmetic refurbishment and value enhancement.
Requiring modernisation throughout, this property presents an ideal opportunity for investors, developers, or owner-occupiers looking to improve and add value to a well-located residential property.
The accommodation briefly comprises an entrance hallway, lounge, fitted kitchen, three well-proportioned bedrooms, and a family bathroom.
The property requires a programme of cosmetic refurbishment and modernisation throughout, providing purchasers with an excellent opportunity to create a home tailored to their own specification while enhancing its future value.
Externally, the property benefits from communal green space.
Lease Information (Refer to Legal Pack for confirmation) Situated within the popular Benwell Grange area of Newcastle upon Tyne, the property enjoys a convenient residential location close to a range of local shops, supermarkets, schools, and everyday amenities.
Newcastle City Centre is easily accessible, while excellent transport links via the A1 and regular public transport services provide convenient connections across the city and surrounding areas.
The property is well positioned for both owner-occupiers and investors seeking a property with strong potential in an established residential location.
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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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
FAQ
About 1 Benwell Close, Benwell Grange, Newcastle upon Tyne, NE15 6RF
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