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Bernard Street, Tyne and Wear DH4

North East

£49,000
Listed on 28/03/2026

Property Details

Bedrooms
2
Type
Terraced House
Area
764 sqft

Description

This traditional two-bedroom mid-terrace house presents an excellent opportunity for renovation and investment in Houghton Le Spring. The property features a welcoming porch leading into a spacious lounge equipped with a charming fireplace and an open-plan staircase. The adjoining dining area flows seamlessly into the kitchen, which is fitted with built-in appliances, though there remains potential for further modernization to enhance functionality and aesthetics. Upstairs, two bedrooms share a conveniently located ground floor bathroom. The rear yard offers outdoor space, including decking that could be updated for better use as a private relaxation area. Located at the edge of the town centre, this home is within walking distance of various local amenities, making it ideal for families or rental investors looking to tap into the regional housing market's demand. With some thoughtful renovations, this property could significantly increase its value while providing comfortable living space suited to modern expectations.

Investment Analysis

(DH4 area)

Below Market Value

This property is priced -64.6% below area average per sq ft

-64.6%
Potential saving
This Property
£64/sq ft
Area Average
£181/sq ft
Avg Rent (weekly)
£158
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£152,070
10% above area average per sq ft
Potential ROI
+105.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
29%
Properties sold annually

Local Market Trend (DH4)

Area prices are stable by -0.4% over the last 12 months
3 year growth: -1.0%
5 year growth: +10.2%
Investment Disclaimer: Analysis based on DH4 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Bernard Street, Tyne and Wear DH4
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£177
Based on a loan of £36,750 over 30 years at 4.06% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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