Worst House on the Street Logo
Bensham Crescent, Gateshead, NE8 - Image 1
Bensham Crescent, Gateshead, NE8 - Image 2
Bensham Crescent, Gateshead, NE8 - Image 3
Bensham Crescent, Gateshead, NE8 - Image 4
Bensham Crescent, Gateshead, NE8 - Image 5

Bensham Crescent, Gateshead, NE8

North East

£55,000
Listed on 11/09/2025

Property Details

Bedrooms
3
Type
Flat
Area
710 sqft

Description

This three-bedroom first floor flat offers a promising opportunity for those interested in undertaking a renovation project. With a layout that includes a generous lounge, a separate kitchen, three bedrooms, and a bathroom, this space is ripe for modernization and customization to suit individual tastes. Situated in a well-established residential area, the property benefits from proximity to local shops, essential amenities, schools, and efficient public transport links, making it an attractive location for potential renters or future homeowners. For investors, there is additional appeal as the ground floor flat is also available for purchase. Acquiring both units could present an ideal investment strategy, allowing for rental potential or resale after refurbishment. This property comes with no onward chain, simplifying the purchasing process for buyers ready to embark on their renovation journey.

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
£160/sq ft
Avg Rent (weekly)
£222
Avg Yield
8.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£124,609
10% above area average per sq ft
Potential ROI
+46.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
26
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (NE8)

Area prices are rising by +7.7% over the last 12 months
3 year growth: 9.4%
5 year growth: 18.1%
Investment Disclaimer: Analysis based on NE8 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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, Gateshead, NE8
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£201
Based on a loan of £41,250 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Next Steps

Explore services to help you with this property purchase.

Need a mortgage for this property?

Explore personalised financing options tailored to this property

No obligation, free consultation

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE