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1 Benwell Close, Benwell Grange, Newcastle upon Tyne, NE15 6RF - Image 1
1 Benwell Close, Benwell Grange, Newcastle upon Tyne, NE15 6RF - Image 2
1 Benwell Close, Benwell Grange, Newcastle upon Tyne, NE15 6RF - Image 3
1 Benwell Close, Benwell Grange, Newcastle upon Tyne, NE15 6RF - Image 4
1 Benwell Close, Benwell Grange, Newcastle upon Tyne, NE15 6RF - Image 5
1 Benwell Close, Benwell Grange, Newcastle upon Tyne, NE15 6RF - Image 6
1 Benwell Close, Benwell Grange, Newcastle upon Tyne, NE15 6RF - Image 7
1 Benwell Close, Benwell Grange, Newcastle upon Tyne, NE15 6RF - Image 8
1 Benwell Close, Benwell Grange, Newcastle upon Tyne, NE15 6RF - Image 9

1 Benwell Close, Benwell Grange, Newcastle upon Tyne, NE15 6RF

North East

£15,000Guide Price

Listed on 06/07/2026

Property details

Bedrooms
3
Type
Flat

Description

This three-bedroom ground floor flat, located in the desirable Benwell Grange area of Newcastle upon Tyne, is being offered at auction with significant potential for renovation and value enhancement. While the property is available on a vacant leasehold basis, it requires comprehensive modernisation throughout, making it an attractive proposition for investors and DIY enthusiasts alike. The layout includes an entrance hallway, a spacious lounge, fitted kitchen, three well-sized bedrooms, and a family bathroom. Given its current condition, this flat presents a fantastic opportunity for those looking to tailor their living space or increase its market appeal. Additionally, residents can enjoy access to communal green areas nearby. Situated conveniently close to local shops, schools, and transport links into Newcastle City Centre, this property is poised for transformation into a desirable home or investment asset.

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Investment analysis

(NE15 area)
Area Average
£205/sq ft
Avg Rent (weekly)
£211
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £30,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
27
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (NE15)

Area prices are falling by -4.5% over the last 12 months
3 year growth: -6.6%
5 year growth: +7.6%
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

1 Benwell Close, Benwell Grange, Newcastle upon Tyne, NE15 6RF
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£57
Based on a loan of £11,250 over 30 years at 4.45% 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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