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St. James Crescent, Benwell, Newcastle upon Tyne, Tyne and Wear, NE15 6JJ - Image 1
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St. James Crescent, Benwell, Newcastle upon Tyne, Tyne and Wear, NE15 6JJ - Image 3
St. James Crescent, Benwell, Newcastle upon Tyne, Tyne and Wear, NE15 6JJ - Image 4
St. James Crescent, Benwell, Newcastle upon Tyne, Tyne and Wear, NE15 6JJ - Image 5
St. James Crescent, Benwell, Newcastle upon Tyne, Tyne and Wear, NE15 6JJ - Image 6
St. James Crescent, Benwell, Newcastle upon Tyne, Tyne and Wear, NE15 6JJ - Image 7
St. James Crescent, Benwell, Newcastle upon Tyne, Tyne and Wear, NE15 6JJ - Image 8
St. James Crescent, Benwell, Newcastle upon Tyne, Tyne and Wear, NE15 6JJ - Image 9
St. James Crescent, Benwell, Newcastle upon Tyne, Tyne and Wear, NE15 6JJ - Image 10
St. James Crescent, Benwell, Newcastle upon Tyne, Tyne and Wear, NE15 6JJ - Image 11
St. James Crescent, Benwell, Newcastle upon Tyne, Tyne and Wear, NE15 6JJ - Image 12
St. James Crescent, Benwell, Newcastle upon Tyne, Tyne and Wear, NE15 6JJ - Image 13
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St. James Crescent, Benwell, Newcastle upon Tyne, Tyne and Wear, NE15 6JJ

North East

£90,000
Listed on 08/05/2026

Property Details

Bedrooms
5
Type
Not Specified
Area
1194 sqft

Description

This property consists of two separate flats in Benwell, Newcastle upon Tyne, presenting a notable opportunity for investors and developers. The lower flat features two bedrooms, while the upper flat has three bedrooms. Both units are in need of comprehensive modernisation, making them ideal candidates for refurbishment to enhance their market value and rental potential. Located in a residential neighbourhood with convenient access to local amenities and transport links to Newcastle City Centre, these flats have strong appeal for potential tenants. Given the rising demand for rental properties in this area, there is significant potential for increasing rental yields following updates. This property will be sold at auction, providing a chance for astute buyers to invest in a project that promises long-term income viability.

Investment Analysis

(NE15 area)

Below Market Value

This property is priced -60.0% below area average per sq ft

-60.0%
Potential saving
This Property
£75/sq ft
Area Average
£188/sq ft
Avg Rent (weekly)
£214
Avg Yield
5.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£247,445
10% above area average per sq ft
Potential ROI
+90.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (NE15)

Area prices are stable by -1.2% over the last 12 months
3 year growth: -4.9%
5 year growth: +8.8%
Investment Disclaimer: Analysis based on NE15 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

St. James Crescent, Benwell, Newcastle upon Tyne, Tyne and Wear, NE15 6JJ
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£321
Based on a loan of £67,500 over 30 years at 3.97% 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.

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