9 Stephenson Street, Bensham, NE8 4XJ
- PROPERTY TYPE
Flat
- BEDROOMS
3
- BATHROOMS
1
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- PRIME NEW LISTING. We are excited to present this vacant 3-bedroom flat located within a prime location in Bensham.
- • Sales Evidence: **7 Stephenson Street, Bensham, Gateshead NE8 4XJ sold for £97,500. 36 Hyde Park Street, Bensham, Gateshead NE8 4QB sold for £95,000. 306 Victoria Road, Gateshead NE8 4XT sold f
- • This property is a prime BRRR opportunity. Once fully realised, it could achieve a rental income of £850 to £900 per month, translating to £10,200 to £10,800 annually. This offers a potential
- • Offering a golden opportunity for owner-occupiers, this property is reasonably priced and offers vast customisation potential. Ideal for students or professionals aiming to embark on the property
- • If transformed into a serviced accommodation unit, the property could command £110 per night. With a 70% occupancy rate, this could generate an impressive income of £28,105 annually, subject to
Description
- PRIME NEW LISTING. We are excited to present this vacant 3-bedroom flat located within a prime location in Bensham.
- Sales Evidence: **7 Stephenson Street, Bensham, Gateshead NE8 4XJ sold for £97,500. 36 Hyde Park Street, Bensham, Gateshead NE8 4QB sold for £95,000. 306 Victoria Road, Gateshead NE8 4XT sold for £110,000.**
- This property is a prime BRRR opportunity. Once fully realised, it could achieve a rental income of £850 to £900 per month, translating to £10,200 to £10,800 annually. This offers a potential gross yield of 17% to 18% if purchased at the guide price, subject to tenancy agreements and obtaining the necessary information.
- Offering a golden opportunity for owner-occupiers, this property is reasonably priced and offers vast customisation potential. Ideal for students or professionals aiming to embark on the property ladder.
- If transformed into a serviced accommodation unit, the property could command £110 per night. With a 70% occupancy rate, this could generate an impressive income of £28,105 annually, subject to licensing and acquiring the necessary information.
s
PRIME NEW LISTING. We are excited to present this vacant 3-bedroom flat located within a prime location in Bensham.
The property comprises an inviting entrance, three spacious bedrooms, a well-equipped kitchen, a modern bathroom, a cosy living room, and ample storage throughout.
This property is a prime BRRR opportunity. Once fully realised, it could achieve a rental income of £850 to £900 per month, translating to £10,200 to £10,800 annually. This offers a potential gross yield of 17% to 18% if purchased at the guide price, subject to tenancy agreements and obtaining the necessary information.
Offering a golden opportunity for owner-occupiers, this property is reasonably priced and offers vast customisation potential. Ideal for students or professionals aiming to embark on the property ladder.
If transformed into a serviced accommodation unit, the property could command £110 per night. With a 70% occupancy rate, this could generate an impressive income of £28,105 annually, subject to licensing and acquiring necessary information.
The property is being offered at a fantastic discount to ensure a sale. Should appeal to anyone looking for a straightforward purchase with excellent upside potential.
Excellent sales evidence in the area:
**7 Stephenson Street, Bensham, Gateshead NE8 4XJ sold for £97,500. 36 Hyde Park Street, Bensham, Gateshead NE8 4QB sold for £95,000. 306 Victoria Road, Gateshead NE8 4XT sold for £110,000.**
This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our "Offer NOW" button on our website.
This property is offered at a fantastic price to ensure an auction sale. The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created.
For further details on how to have a bidding account created, please contact the team.
Location
Bensham is a vibrant area in Gateshead, renowned for its community feel and convenient proximity to local amenities. With easy access to public transport and major road links, it offers excellent connectivity to Newcastle and the wider region, making it a sought-after location for families, professionals, and investors alike.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- On street
- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
9 Stephenson Street, Bensham, NE8 4XJ
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Visit our security centre to find out moreDisclaimer - Property reference 220311078. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Prime Property Auctions (Scotland) Ltd, Glasgow. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Prime Property Auctions (Scotland) Ltd, Glasgow on 0141 465 5880.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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