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Bensham Crescent, Bensham, NE8 - Image 1
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Bensham Crescent, Bensham, NE8 - Image 5

Bensham Crescent, Bensham, NE8

North East

£55,000
Listed on 11/09/2025

Property Details

Bedrooms
3
Type
Flat
Area
710 sqft

Description

This three-bedroom flat located on the first floor offers a valuable opportunity for those looking to undertake a renovation project. With its current condition requiring updating, the space is ripe for personalization, allowing potential owners to create a home that reflects their individual style. Whether you are a first-time buyer seeking to customize your living environment or an investor looking for a property with growth potential, this flat provides a solid foundation. The layout includes a generous lounge area, a separate kitchen, three bedrooms, and a bathroom, offering ample room for reconfiguration and modern upgrades. Given its size and layout, there is significant potential to enhance the overall functionality and aesthetic appeal. Situated in a residential neighborhood, the location benefits from proximity to local shops, essential amenities, schools, and public transport connections. This accessibility not only contributes to the convenience of daily living but also enhances the property's attractiveness as a rental option or resale investment. Additionally, there is an opportunity to acquire the ground floor flat currently available for sale alongside this unit. Purchasing both flats together could provide an advantageous investment strategy or an option for multi-generational living arrangements. This property is being sold with no onward chain, simplifying the acquisition process for prospective buyers.

Investment Analysis

(NE8 area)

Below Market Value

This property is priced -51.4% below area average per sq ft

-51.4%
Potential saving
This Property
£77/sq ft
Area Average
£159/sq ft
Avg Rent (weekly)
£205
Avg Yield
8.2%

Renovation Potential

Est. Renovation Cost
£5,500 - £13,750
10-25% of property value
Target Value
£124,530
10% above area average per sq ft
Potential ROI
+81.1%
After renovation
Monthly Sales
21
Average per month
Market Turnover
21%
Properties sold annually

Local Market Trend (NE8)

Area prices are rising by +14.4% over the last 12 months
3 year growth: 12.6%
5 year growth: 26.1%
Investment Disclaimer: Analysis based on NE8 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Bensham Crescent, Bensham, NE8
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