Bensham Road, Gateshead, NE8 1AP

Property Overview

A two-bedroom first-floor leasehold flat on Bensham Road, Gateshead, NE8 1AP, offered for sale with a tenant in situ. The seller states that the tenant is currently paying £750 per calendar month.

• Property type: 2 bedroom flat
• Occupancy: Tenant in situ
• EPC: B
• Council Tax: Band A
• Parking: Allocated parking

Accommodation

• Secure communal entrance
• First-floor apartment hallway
• Lounge/kitchen
• Two bedrooms
• Bathroom

Location

The property is situated on Bensham Road in Gateshead, NE8 1AP, in the stated sought-after Gateshead area.

Tenure & Key Information

• Tenure: Leasehold
• Lease term: 99 years from 9 September 2004
• Ground rent: £100 per annum for years 1–25; £200 per annum for years 26–50; £400 per annum for years 51–75; and £800 per annum for years 76–99
• Services: The seller cannot confirm whether mains gas, electricity, water and sewerage are connected, as they have no personal knowledge of the property. Services have not been tested.

Auction & Buyer Charges

• Guide price: £40,000+
• Auction date: 30 September 2026
• Auction administration charge: £2,000 plus VAT, totalling £2,400
• If a buyer uses a solicitor from the auctioneer’s North East panel, the auctioneer receives a solicitor referral fee of between £200 plus VAT (£240) and £400 plus VAT (£480).

Investment Analysis

HB estimate: Recent completed sales in the same development were £41,000 in December 2024 and £47,000 in July 2025. A provisional market value/GDV of £44,000 is indicated, subject to condition, lease terms, service charges and tenancy details, which have not been supplied. This is an HB estimate and not a formal valuation.

• HB estimated rent: £850 pcm, based solely on one advertised asking-rent listing; this is not achieved or confirmed passing rent.
• At £850 pcm, annual gross rent is £10,200.
• HB estimated gross yield: approximately 21.7%–24.9%, before costs and assuming the asking rent is achievable.
• HB maximum bid: £41,600, calculated by deducting the known £2,400 administration charge from the £44,000 provisional value.
• A £40,000 bid would cost £42,400 including the administration charge, before other purchase costs.

Sold Comparables

HM Land Registry sold data supplied for flats/maisonettes at Appletree Court, Bensham Road, Gateshead, NE8 1AP:

Sale date	Price	Tenure
23 July 2025	£47,000	Leasehold
12 December 2024	£41,000	Leasehold
7 February 2020	£66,000	Leasehold
21 July 2017	£113,000	Leasehold
3 March 2017	£129,000	Leasehold

The HB analysis considers the 2024 and 2025 sales more representative than the materially older transactions.

Rental Evidence

The supplied rental evidence is one advertised asking rent for a two-bedroom flat/apartment in Gateshead, NE8 4QY, at £850 pcm, sourced from Gumtree. This is advertised rental evidence only and is not achieved or passing rent.

Strategy & Risks

HB estimate: Bid cautiously and seek the tenancy agreement, rent statement, deposit details, lease length, service-charge position and property condition before bidding. The HB maximum bid of £41,600 is a ceiling including no allowance for unknown purchase costs and should not be exceeded without stronger evidence of value or passing rent.

• No tenancy agreement, confirmed passing rent, arrears position or possession terms have been supplied.
• The £850 pcm rental figure is a single advertised asking rent.
• Lease length, ground rent, service charges and planned major works require verification.
• Recent comparable sales range from £41,000 to £47,000, creating limited valuation certainty.
• Refurbishment requirements are unknown.
• The £2,400 administration charge is included in the HB maximum-bid calculation, but other purchase costs are not supplied.
• Services have not been tested and their availability has not been confirmed by the seller.