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Benwell Close, Benwell Grange, NEWCASTLE UPON TYNE - Image 1
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Benwell Close, Benwell Grange, NEWCASTLE UPON TYNE

North East

£35,000Guide Price

Listed on 17/07/2026

Property details

Bedrooms
1
Type
Flat

Description

This one-bedroom flat on the first floor within the Benwell Grange complex presents an excellent opportunity for investors or DIY enthusiasts. Located in a residential area northeast of Newcastle city centre, this property is well connected by public transport and is close to various amenities, making it a convenient choice for potential tenants. The flat requires modernisation throughout, creating a blank canvas that allows for tailored renovations to enhance value. With features such as communal grounds and parking, this property is ideally suited for those looking to invest in a buy-to-let or flip project. Given the favourable leasehold terms and accessible location, there’s significant potential to increase rental yield after refurbishment.

Investment analysis

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

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
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

Benwell Close, Benwell Grange, NEWCASTLE UPON TYNE
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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
£132
Based on a loan of £26,250 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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