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About This Property

Discover what makes this home special

The Lorimer - Life is an elegant detached family home located in the desirable area of Houghton le Spring, County Durham. Priced at £329,995, this spacious property offers four well-appointed bedrooms and three bathrooms, including two en-suite facilities, providing ample comfort and privacy for modern family living. The layout features a generous kitchen/dining area with direct access to the rear garden, a separate living room, and a family room, making it ideal for both entertaining and everyday relaxation.

Situated on Plot 123 within a thoughtfully designed development, this home benefits from a south-east facing garden that enjoys good sunlight throughout the day, enhancing outdoor living opportunities. The property also includes a garage and utility room, adding practical storage and convenience. Its location provides excellent access to local schools, amenities, and transport links, making it a perfect choice for families and commuters alike.

Property Features

This property boasts a well-balanced layout with four bedrooms, including a master with en-suite, and an additional en-suite for the second bedroom, ensuring comfort for all residents. The ground floor offers versatile living spaces including a large kitchen/dining area that opens to the garden, a separate living room, and a family room, ideal for various lifestyle needs. The inclusion of a garage and utility room adds valuable storage and functionality. The south-east facing garden provides a pleasant outdoor space with good sunlight exposure, perfect for family activities and entertaining.

DetachedFour BedroomsThree BathroomsTwo En-suitesGarageUtility Room+4

Local Amenities

The Lorimer benefits from proximity to reputable local schools such as Easington Lane Primary School and Houghton Kepier Academy, making it ideal for families with children. Residents have easy access to essential amenities including Tesco Superstore for daily shopping, Houghton-le-Spring Library for community resources, and Houghton Leisure Centre for fitness and recreational activities. The area is well served by public transport with multiple bus stops nearby, enhancing connectivity to surrounding towns and cities. Local parks provide green spaces for outdoor enjoyment and community events.

Easington Lane Primary SchoolHoughton Kepier AcademyHoughton-le-Spring LibraryTesco SuperstoreHoughton Leisure CentreLocal Parks+1
Houghton-le-Spring Train Station (1.5 miles, 6 mins drive) • 25 mins to Newcastle upon Tyne

Estimate Calculator

Mortgage Calculator

25%
25
4.5%
Monthly Payment-
Purchase Costs
Total Price£329,995
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-
Purchase Costs
Total Price£329,995
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
65/100
ChallengingModerateGoodExcellent
Stable local rental market
Limited direct international transport links
Good family-oriented community

International Buyer Calculator

35%
20
5.5%
Monthly Payment-
International buyers typically require 25-40% deposit with limited lender options
Purchase Costs (Non-UK Resident)
Total Price£329,995
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 £1,760/mo rent
Area Price Growth
+3.1%
Average annual increase
5-Year Value Forecast
£384,043
+£54,048 projected gain
5-Year Rent Forecast
£2,574/mo
Based on 7.9% annual growth
Price per Sq Ft£174
Annual Rent Income£21,120
10-Year ROI256%
Break-Even Point10 yrs

Property Value Projection

Based on 3.1% annual growth
£384,043
5yr
£446,942
10yr
£520,144
15yr
£605,335
20yr
£704,478
25yr
Current: £329,995

Monthly Rental Income

Based on 7.9% annual growth
£2,574
5yr
£3,765
10yr
£5,506
15yr
£8,053
20yr
£11,777
25yr
Current: £1,760/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

Newcastle Central
25 mins
30 mins
Durham
15 mins
20 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

Family Room
Morning Excellent
Afternoon Good
Evening Low
Living Room
Morning Moderate
Afternoon Good
Evening Good
Kitchen / Dining
Morning Good
Afternoon Excellent
Evening Moderate
Bedrooms
Morning Good
Afternoon Moderate
Evening Low

Location Scores

65
Walk Score
Somewhat Walkable
55
Transit Score
Good Transit
50
Bike Score
Bikeable
View Location Details

Future Developments Nearby

Mixed-use+Positive Impact
Houghton Regeneration Project
1 mileEst. 2025
* Information based on local planning applications and may be subject to change

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£329,995
AvailableNB0000032856
View Location Analytics

The Lorimer - Life

Houghton le Spring, Houghton le Spring DH5 0LY
Elemore
4
Bedrooms
3
Bathrooms
1,900
Est. Sq ft
detached
Type

Developer

Bellway
Available Plot Numbers
123
1 plot(s) available
Ownershipfreehold

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£329,995The Lorimer - Life

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The Lorimer - Life
The Lorimer - LifeHoughton le Spring£329,995

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