About This Property

Discover what makes this home special

The Grasmere is a charming detached family home located within the Harrington Grange development near Peterlee, County Durham. This thoughtfully designed property offers three bedrooms, including a versatile third bedroom/study, and two bathrooms, one of which is an en-suite. The ground floor features a spacious living room, a modern kitchen/dining area with French doors leading to the rear garden, and a convenient downstairs WC. The attached garage adds practical storage and parking options. Ideal for families or professionals seeking a quiet suburban setting with access to essential amenities, this home balances comfort and functionality.

Property Features

This property stands out with its flexible three-bedroom layout including a study/bedroom option, perfect for home working or guests. The en-suite bathroom in the master bedroom adds privacy and convenience, while the downstairs WC supports family living. The kitchen/dining room is bright and functional, opening onto a south-east facing garden that enjoys good morning and afternoon sunlight. The garage provides secure parking and additional storage, a valuable asset in this residential area.

DetachedThree BedroomsEn-suite BathroomDownstairs WCGarageGarden+3

Local Amenities

Situated in a well-established residential area, the property benefits from proximity to several primary and secondary schools such as Shotton Hall Academy and Peterlee St Bede's Catholic School. Local supermarkets including Tesco and Lidl are within a short drive, alongside local shops and eateries providing everyday convenience. Outdoor enthusiasts will appreciate nearby parks like Castle Eden Dene National Nature Reserve. Public transport is accessible with bus routes connecting to Peterlee town centre and beyond, while medical facilities are available locally.

Primary SchoolsSecondary SchoolsSupermarketsLocal ShopsParksRestaurants+2
Horden Railway Station Train Station (3.5 miles, 10 mins drive) • 25 mins by car to Durham

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25%
25
4.5%
Monthly Payment-
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Purchase Costs
Total Price£229,995
Mortgage Deposit-
Stamp Duty-
Deposit Contribution£0
Searches & Other£1,500
Legal Fees£2,000
Total Cash Required-
Monthly Costs & Income
Estimated Service Charge£0/mo
Estimated Ground Rent£0/mo
Mortgage-
Landlord's Insurance£25/mo
Agency Fees-
Est. Rent-
Net Monthly-

Mortgage Calculator

10%
25
4.5%
Monthly Payment-
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Purchase Costs
Total Price£229,995
Mortgage Deposit-
Stamp Duty-
Deposit Contribution£0
Searches & Other£1,500
Legal Fees£1,500
Total Cash Required-
Monthly Costs
Estimated Service Charge£0/mo
Estimated Ground Rent£0/mo
Mortgage-
Home Insurance£30/mo
Total Monthly-

International Suitability

Moderate Opportunity
60/100
ChallengingModerateGoodExcellent
Affordable entry price
Limited public transport connectivity
Stable local rental demand
Lower international profile area

International Buyer Calculator

35%
20
5.5%
Monthly Payment-
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International buyers typically require 25-40% deposit with limited lender options
Purchase Costs (Non-UK Resident)
Total Price£229,995
Mortgage Deposit (Min 25%)-
Stamp Duty + 2% Surcharge-
Legal Fees (Intl Complex)£3,500
AML & ID Verification£500
Bank Transfer Fees£1,000
Total Cash Required-
Monthly Costs & Income
Estimated Service Charge£0/mo
Estimated Ground Rent£0/mo
Mortgage-
Full Management (10%)-
Landlord's Insurance£35/mo
Est. Rent-
Net Monthly-
Key Considerations for International Buyers
+2% Stamp DutyAdditional surcharge for non-UK residents on property purchases
Higher DepositMost lenders require 25-40% deposit for non-UK residents
AML ComplianceEnhanced due diligence and source of funds verification required
Property ManagementFull management service recommended for overseas landlords

Investment Analytics

Key metrics for investors & buyers
Gross Rental Yield
6.4%
Based on £1,227/mo rent
Area Price Growth
+3.1%
Average annual increase
5-Year Value Forecast
£267,664
+£37,669 projected gain
5-Year Rent Forecast
£1,795/mo
Based on 7.9% annual growth
Price per Sq Ft£219
Annual Rent Income£14,724
10-Year ROI256%
Break-Even Point10 yrs

Property Value Projection

Based on 3.1% annual growth
£267,664
5yr
£311,503
10yr
£362,522
15yr
£421,897
20yr
£490,997
25yr
Current: £229,995

Monthly Rental Income

Based on 7.9% annual growth
£1,795
5yr
£2,625
10yr
£3,839
15yr
£5,614
20yr
£8,211
25yr
Current: £1,227/mo
* Projections are estimates based on historical market data and are not guaranteed. Past performance does not indicate future results.

Property Features

Local Area & Amenities

Floorplans

Ground Floor

Property Floorplan

Site Plan

Site Plan

Location

Commute Time Planner

Durham
N/A
25 mins
Newcastle
40 mins from Horden Station
45 mins

Sun Path & Natural LightAI generated - Estimated

NESW
South-East-Facing Excellent
7h
Garden Sun (Summer)
Yes
Morning Sun
No
Afternoon Sun

Room-by-Room Light Analysis

Living Room
Morning Excellent
Afternoon Moderate
Evening Low
Kitchen/Dining Room
Morning Good
Afternoon Good
Evening Moderate
Bedroom 1
Morning Good
Afternoon Good
Evening Low

Location Scores

45
Walk Score
Car-Dependent
50
Transit Score
Good Transit
40
Bike Score
Somewhat Bikeable
View Location Details

Future Developments Nearby

Residential+Positive Impact
Harrington Grange Phase 4
0 miles (on-site)Est. 2025
Commercial and InfrastructureModerate Positive Impact
Durham County Regeneration
5 milesEst. 2027
* Information based on local planning applications and may be subject to change

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£229,995
AvailableNB0000037513
View Location Analytics

The Grasmere

Houghton le Spring, Houghton le Spring DH4 7AP
Herrington Grange
3
Bedrooms
2
Bathrooms
1,050
Est. Sq ft
detached
Type
Available Plot Numbers
397
1 plot(s) available
Ownershipfreehold

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£229,995The Grasmere

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The Grasmere
The GrasmereHoughton le Spring£229,995

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