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See how verdicts work1-bedroom flat · NE15 6RZ
SoldListed 259 daysAuction 27 Feb · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Auction Commencing on Monday 2nd March at 1pm and ending 24 hours later on Tuesday 3rd March at 1pm with Auction House North East Please register to bid via our website - auctionhouse.co.uk/northeast ONE BED GROUND FLOOR FLAT!
OPEN HOUSE VIEWING DATES: (no booking required) 10:00am - 10.30am, Thursday 19th February 2026 10:00am - 10.30am, Friday 27th February 2026 A one bedroom ground floor flat offered for sale by auction, forming part of a purpose built block and requiring modernisation throughout.
The property is vacant and well located for local amenities and transport links to Newcastle City Centre.
The accommodation is arranged on the ground floor and comprises an entrance hallway, one bedroom, reception room, kitchen, shower room and a storage room.
Popular local shopping amenities, along with a range of shops, bars and restaurants, are available nearby on Benwell Lane, with a broader selection available in Newcastle City Centre approximately 2.8 miles away.
Transport links include St James Metro Station on the Yellow Line and Newcastle mainline station providing services via CrossCountry, LNER, TransPennine Express, Lumo and Northern.
Tenure: Freehold EPC Rating: C Administration Fee: £3600 inc VAT payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
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 26 Benwell Close, Benwell Grange, Newcastle upon Tyne NE15 6RZ
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