5 bed terraced house for sale

Bensham Crescent, Gateshead NE8

Unconditional Auction (option 1)

Online bidding will be opening 28/05/25 at 9:00

Disclaimer One

This property is to be sold via unconditional auction (option 1). The successful buyer will need to pay a non-refundable deposit of 10% of the value of the agreed purchase price, subject to a minimum of £3,000.00. Contracts will exchange immediately and completion will take place no later than 28 days of the date of the deposit being taken and the exchange of contracts.

Disclaimer Two

Every auction property comes with a guide price and a reserve price. The guide price sets the starting point for bidding, while the reserve price represents the minimum price that the seller is willing to accept at auction. The auctioneer is not allowed to sell the property below this reserve price. The reserve price is not revealed to the public and is kept confidential between the seller and the auctioneer. It may be up to 10% higher than the guide price.

Please note that both the guide price and the reserve price are subject to potential changes leading up to and including the day of the auction.

Disclaimer Three

At your request we can refer you to a Solicitor from our panel. It is your decision whether you choose to deal with them, should you decide to use them you should know that we would receive a referral fee of £180 including Vat from them for the recommendation.

Reservation Fee

This property is sold subject to a non-refundable reservation fee of £2,400.00 inc VAT (£2,000.00 plus VAT) The reservation fee does not form part of the purchase price.

Legal Pack

A legal pack will be available to download before the auctions end date. We strongly recommend all buyers to familiarise themselves with the legal pack prior to bidding.

Registration

To register to bid for this property please copy the link below into your browser.


Introducing Bensham Crescent – A Prime Investment Opportunity

Available for sale via unconditional auction, this pair of flats presents an excellent opportunity for landlords seeking to expand their portfolio with strong rental potential.

Ground Floor Flat This two-bedroom flat includes a welcoming hallway, lounge, kitchen, bathroom, and two bedrooms. It benefits from an external yard and is being sold with vacant possession. Please note that the property requires renovation, offering a chance to add value through refurbishment.

First Floor Flat This generously sized three-bedroom flat comprises two double bedrooms, one single bedroom, a lounge, kitchen, and bathroom. It also benefits from access to a private yard. The property is being sold with a tenant in situ, currently producing a rental income of £455 per month. While the flat would benefit from modernisation, these improvements present an opportunity to enhance both rental yield and overall value.

Council Tax Band: A Gateshead £1718.78

EPC Rating - Both flats: D

Tenure: Freehold - Combined freehold title

Material Information: Built of standard construction

We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller by separate negotiation

EPC rating: D.