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Bensham Crescent, Bensham NE8 - Image 1
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Bensham Crescent, Bensham NE8

North East

£55,000
Listed on 10/09/2025

Property Details

Bedrooms
3
Type
Flat

Description

This first-floor flat features three bedrooms and presents a unique opportunity for renovation and investment. The property is in need of updating, allowing prospective buyers to tailor the space to their individual preferences and needs. Whether you are looking for a first home, a project that can be transformed into your dream space, or an asset to add to your investment portfolio, this flat offers the potential for substantial value enhancement. The layout includes a generous living area, a separate kitchen, three well-proportioned bedrooms, and a bathroom. These spaces provide a solid foundation for a modernisation project while maintaining functional flow. Located in a residential neighborhood, the flat benefits from proximity to local shops, essential amenities, schools, and public transport options. This accessibility enhances its appeal for both homeowners and renters alike. Additionally, there is an option to purchase a ground-floor flat that is also on the market. Acquiring both units together could yield significant investment potential in this desirable area. With no onward chain, this property is ready for its next chapter.

Investment Analysis

(NE8 area)
Area Average
£162/sq ft
Avg Rent (weekly)
£210
Avg Yield
8.7%

Renovation Potential

Est. Renovation Cost
£5,500 - £13,750
10-25% of property value
Monthly Sales
20
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (NE8)

Area prices are rising by +17.2% over the last 12 months
3 year growth: 15.2%
5 year growth: 30.7%
Investment Disclaimer: Analysis based on NE8 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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, Bensham NE8
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