9 Stephenson Street, Bensham, NE8 4XJ

Description

• PRIME NEW LISTING. We are excited to present this vacant 3-bedroom terraced house 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.

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PRIME NEW LISTING. We are excited to present this vacant 3-bedroom terraced house 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.

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.