11 Stephenson Street, Bensham, NE8 4XJ

Description

• PRIME NEW LISTING. We are excited to present this tenanted 2-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 buy-to-let opportunity. It currently achieves a rental income of £500 a month, equating to £6,000 per annum. If purchased at the guide price, this would generate a remarkable gross yield of 10%, making it a turn-key investment.

• The property offers a fantastic prospect for astute investors looking to expand their portfolios. It is reasonably priced and situated in a sought-after area, presenting great potential for both capital appreciation and rental growth.

• With a prime location offering numerous local amenities and excellent transport links to major cities and motorways, this property sits in a highly desirable area, making it a smart choice for prospective buyers.

PRIME NEW LISTING. We are excited to present this tenanted 2 bedroom flat located within a prime location in Bensham.

The property comprises a welcoming entrance, two spacious bedrooms, a well-equipped kitchen, a modern bathroom, and a cosy living room, with ample storage throughout.

This property is a prime buy-to-let opportunity. It currently achieves a rental income of £500 a month, equating to £6,000 per annum. If purchased at the guide price, this would generate a remarkable gross yield of 10%, making it a turn-key investment.

The property offers a fantastic prospect for astute investors looking to expand their portfolios. It is reasonably priced and situated in a sought-after area, presenting great potential for both capital appreciation and rental growth.

With a prime location offering numerous local amenities and excellent transport links to major cities and motorways, this property sits in a highly desirable area, making it a smart choice for prospective buyers.

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, offering excellent amenities, schools, and transport links. It's known for its strong sense of community and easy access to Newcastle city centre, making it a popular choice for families and professionals alike.

Map

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Terms of Sale

All buyers must verify terms prior to placing a bid. Some sellers may have variations within their contracts. Should you place a bid you are confirming you are happy to proceed as per the Terms of the contract.