1-bedroom flat · NE15 6RZ
Sold STCListed 39 daysAuction 29 Sep · ended
Opportunity summary
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About
Strapline Auction Sale - 29/09/2026 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions website.
- A one bedroom third floor flat, forming part of a purpose built block, in need of modernisation, well located for the amenities of Adelaide terrace and links to Newcastle City Centre. Vacant.
Description A one bedroom third floor flat. The property forms part of a purpose built block. In need of modernisation. Vacant. Location Newcastle Upon Tyne is a city in Tyne and Wear.
Located on Benwell Close, accessed off Benwell Lane.
The popular shopping amenities, fashionable shops, bars, and restaurants are located locally on Benwell Lane with a broader range available in Newcastle City Centre (approximately 2.8 miles).
The leisure areas of Leazes Park and Elswick Park are all easily accessible. Transport St James - yel. Newcastle - CrossCountry, lner, Transpennine Express, lumo, northern.
Accommodation Third Floor - Entrance Hallway, Kitchen, Reception Room, Bedroom, Bathroom/WC.
Value & comps
No previous sales on record.
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Returns
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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
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