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Morris Street, Birtley DH3

North East

£55,000

Listed on 01/07/2026

Property details

Bedrooms
2
Type
Flat

Description

This two-bedroom first floor flat offers a wonderful canvas for those keen to invest in a property with renovation potential. Featuring gas central heating and UPVC double glazing, this flat is set within a desirable development that enjoys a pleasant setting. The accommodation includes an entrance hallway leading to a spacious lounge/diner, a kitchen equipped with basic units, two bedrooms, and a bathroom. Although the interior would benefit from modernisation, it presents an excellent opportunity for buyers looking to personalise their living space and potentially increase its value. Outside, there is an enclosed yard and on-street parking available. Located conveniently near local shops, schools, and transport links via the A1(M) and A167, this property is well-placed for accessibility and community amenities.

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Investment analysis

(DH3 area)
Area Average
£193/sq ft
Avg Rent (weekly)
£182
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
24
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (DH3)

Area prices are stable by +1.2% over the last 12 months
3 year growth: +14.4%
5 year growth: -0.4%
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 DH3
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Mortgage calculator

£
£
£
%
%
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%)
01/07/2026
Current price
£62,000£3,000(-4.6%)
01/06/2026
£65,000Initial listing
04/05/2026

Next Steps

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