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About This Property

Discover what makes this home special

The Lockwood Corner is a charming detached family home situated in the desirable Houghton le Spring area, offering a perfect blend of modern living and community convenience. This three-bedroom property boasts a spacious living room, a well-appointed kitchen/dining room, and three bathrooms including an en-suite, providing ample space and comfort for families or professionals. The rear garden faces South-East, ensuring pleasant morning and early afternoon sunlight, ideal for outdoor relaxation and entertaining.

Located within the Herrington Grange development, Plot 350 offers excellent access to local amenities, schools, and transport links. The property benefits from a utility room and a convenient downstairs WC, enhancing functionality. With its attractive price point of £259,995, The Lockwood Corner presents an excellent opportunity for first-time buyers, growing families, or investors looking for a property in a well-connected and community-focused location.

Property Features

This detached home features three well-sized bedrooms, including a master bedroom with an en-suite bathroom, providing privacy and convenience. The ground floor offers a generous living room and a kitchen/dining area designed for family meals and social gatherings. Additional features such as a utility room and downstairs WC add practical value to the home. The South-East facing garden provides good natural light throughout the morning and early afternoon, perfect for gardening enthusiasts or outdoor leisure.

DetachedThree BedroomsThree BathroomsEn-suiteUtility RoomSouth-East Facing Garden+5

Local Amenities

The Lockwood Corner benefits from proximity to several well-regarded schools including Houghton le Spring Primary School and The Academy at Shotton Hall, making it an excellent choice for families. Transport links are strong, with Houghton le Spring Train Station nearby and Sunderland Train Station within easy reach, facilitating convenient commutes to larger cities. Local supermarkets such as Tesco and Lidl provide everyday shopping options, while Herrington Country Park offers green space for recreation and leisure.

Houghton le Spring Primary SchoolSt Michael's RC Primary SchoolThe Academy at Shotton HallHoughton le Spring Train StationSunderland Train StationTesco Superstore+4
Houghton-le-Spring Train Station (1.1 miles, 5 mins drive) • 25 mins to Newcastle upon Tyne

Estimate Calculator

Mortgage Calculator

25%
25
4.5%
Monthly Payment-
Purchase Costs
Total Price£259,995
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£259,995
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
68/100
ChallengingModerateGoodExcellent
Affordable price point
Good transport connections to Sunderland and Newcastle
Limited international awareness of the area
Stable rental demand from local professionals and families

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£259,995
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 £1,387/mo rent
Area Price Growth
+3.1%
Average annual increase
5-Year Value Forecast
£302,578
+£42,583 projected gain
5-Year Rent Forecast
£2,029/mo
Based on 7.9% annual growth
Price per Sq Ft£236
Annual Rent Income£16,644
10-Year ROI256%
Break-Even Point10 yrs

Property Value Projection

Based on 3.1% annual growth
£302,578
5yr
£352,135
10yr
£409,809
15yr
£476,928
20yr
£555,041
25yr
Current: £259,995

Monthly Rental Income

Based on 7.9% annual growth
£2,029
5yr
£2,967
10yr
£4,339
15yr
£6,346
20yr
£9,281
25yr
Current: £1,387/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
6h
Garden Sun (Summer)
Yes
Morning Sun
No
Afternoon Sun

Room-by-Room Light Analysis

Living room
Morning Moderate
Afternoon Good
Evening Low
Kitchen/Dining room
Morning Good
Afternoon Moderate
Evening Low
Master Bedroom
Morning Good
Afternoon Moderate
Evening Low
Bedroom 2
Morning Moderate
Afternoon Good
Evening Low
Bedroom 3
Morning Moderate
Afternoon Good
Evening Low

Location Scores

62
Walk Score
Somewhat Walkable
54
Transit Score
Good Transit
48
Bike Score
Somewhat Bikeable
View Location Details

Future Developments Nearby

Commercial and Residential+Positive Impact
Houghton Town Centre Regeneration
1.2 milesEst. 2025
* Information based on local planning applications and may be subject to change

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£259,995
AvailableNB0000016269
View Location Analytics

The Lockwood Corner

Houghton le Spring, Houghton le Spring DH4 7AP
Herrington Grange
3
Bedrooms
3
Bathrooms
1,100
Est. Sq ft
detached
Type
Available Plot Numbers
350
1 plot(s) available
Ownershipfreehold

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£259,995The Lockwood Corner

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The Lockwood Corner
The Lockwood CornerHoughton le Spring£259,995

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