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50, Benwell Close, NEWCASTLE UPON TYNE, Tyne and Wear, NE15 6RZ
1 Bed Block of Flats, Newcastle Upon Tyne
50, Benwell Close, NEWCASTLE UPON TYNE, Tyne and Wear, NE15 6RZ
For Sale
£35,000+
Marketed by:
Barnard Marcus
Sovereign House, 361 King St, London W6 9NA, UK
020 8741 9990
Auction Details :
Barnard Marcus
Auction Date :
10/09/26
Lot Number :
354
Key Features
1-bedroom flat
Published rental income approximately £10 per annum
Leasehold
EPC rating B
Description
Located within the Benwell Grange complex, within the main block of flats is this first floor one bedroom flat. Situated within the residential area of Benwell lying to the northeast of Newcastle city centre where you can find a wide range of different amenities. The property is served by public transport bus routes for travelling into the city centre as well as surrounding districts. Easily accessible by car or public transport is the Metro Centre, Retail Park and A1 M Motorway for travelling further afield. The property is fitted with electric heating and would benefit from a programme of modernisation throughout. This style of purchase would suit an investor looking for something to add value to and sell on or use as a buy to let. Accommodation: Communal Areas: Entrance Hall with Stairs and Lift to upper floors. Flat: Hall, Lounge, Kitchen, Storage Area, Bedroom and Bathroom. External: Communal Grounds including Communal Parking.
Location
Property located at 50, Benwell Close, NEWCASTLE UPON TYNE, Tyne and Wear, NE15 6RZ.
Investment Analysis
Investment Snapshot
Guide Price | £35,000+ |
Tenure | Leasehold |
Property Type | Block of Flats |
EPC | B |
Published Rent | £10 pa |
Initial Refurbishment Allowance | £5,000–£10,000 |
Suggested Strategy | Buy-to-Let / Owner-Occupier |
Gross Yield on Guide | 0.0% |
Property & Refurbishment
Initial feasibility allowance: £5,000–£10,000. This is not a contractor quotation and should be confirmed following inspection and detailed scope.
Rental Analysis
The auctioneer-published rent identified in the source is approximately £10 per annum.
GDV / Resale Analysis
No independent RICS/Land Registry comparable valuation has been inserted solely from the scraped auction data. End value should be confirmed against recent genuinely comparable transactions before bidding.
Properties Sold Within Approx. 5 Miles
No independently verified sold comparables are inserted from the auction scrape alone. Confirm recent Land Registry/RICS comparable evidence before relying on a GDV.
Investor Risks & Due Diligence
Review the full legal pack and title before bidding
Confirm all auction administration / contract charges
Verify property condition and obtain appropriate surveys
Confirm refurbishment costs with contractor quotations
Confirm lease length, ground rent, service charge and major works
Recommendation
Preferred strategy: Buy-to-Let / Owner-Occupier. This recommendation is an initial appraisal based on the auctioneer's published property information and should be tested against the legal pack, inspection, finance and local market evidence.
Strategy Rating
Buy-to-Let: ★★★★☆
BRRR: ★★★☆☆
Flip: ★★★☆☆
Property Location:
50, Benwell Close, NEWCASTLE UPON TYNE, Tyne and Wear, NE15 6RZ
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