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Morris Street, Birtley

North East

£55,000

Listed on 13/05/2026

Property details

Bedrooms
2
Type
Apartment

Description

Situated within a sought-after development, this property features a well-proportioned layout that includes an entrance hallway, a combined lounge and dining area, a kitchen outfitted with various units, two bedrooms, and a bathroom. The exterior offers a small enclosed yard and on-street parking options. This residence provides an outstanding canvas for those looking to invest in renovations, allowing for personal touches and enhancements throughout. While the interiors would benefit from modernisation, the property’s inherent value represents an appealing opportunity for discerning buyers looking to create a bespoke living space. Conveniently located near local shops, schools, and public transport routes via the A1(M) and A167, this home is positioned to benefit from future growth in the desirable North East region.

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Investment analysis

(DH3 area)
Area Average
£192/sq ft
Avg Rent (weekly)
£180
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
27
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (DH3)

Area prices are stable by -1.1% over the last 12 months
3 year growth: +11.6%
5 year growth: -0.6%
Investment Disclaimer: Analysis based on DH3 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

Morris Street, Birtley
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Mortgage calculator

£
£
£
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%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£208
Based on a loan of £41,250 over 30 years at 4.45% 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.

Stamp duty calculator

Price History

-15.4% since listed
£55,000£7,000(-11.3%)
29/06/2026
Current price
£62,000£3,000(-4.6%)
30/05/2026
£65,000Initial listing
14/05/2026

Next Steps

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