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Chester Place, Bensham, Gateshead

North East

£100,000
Listed on 27/04/2026

Property Details

Bedrooms
2
Type
Terraced
Area
785 sqft

Description

This mid-terrace two-bedroom house presents an attractive opportunity for both first-time buyers and buy-to-let investors, particularly given its no onward chain status. Located in Bensham, the property is conveniently situated near local amenities and offers easy access to key areas such as Gateshead Town Centre, Team Valley Trading Estate, and Newcastle City Centre through excellent transport links. Internally, the layout features an entrance hallway, a spacious lounge perfect for relaxing or entertaining, and a kitchen equipped with a breakfast bar and fitted units that may benefit from modernisation. The four-piece bathroom adds convenience, while two well-sized bedrooms on the first floor provide ample living space. The rear yard offers potential for outdoor use or enhancement. This property is ripe for renovation and could be transformed into a profitable investment or a comfortable home with some thoughtful updates.

Investment Analysis

(NE8 area)

Below Market Value

This property is priced -22.5% below area average per sq ft

-22.5%
Potential saving
This Property
£127/sq ft
Area Average
£164/sq ft
Avg Rent (weekly)
£206
Avg Yield
8.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£141,916
10% above area average per sq ft
Potential ROI
+13.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (NE8)

Area prices are stable by -0.4% over the last 12 months
3 year growth: +5.1%
5 year growth: +11.6%
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

Chester Place, Bensham, Gateshead
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£354
Based on a loan of £75,000 over 30 years at 3.91% 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.

Stamp Duty Calculator

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